Sales of both new and existing houses and condominiums dropped 11.8 percent year over year, as prices shot up to a record high, according to CoreLogic. The median price paid for all Southern California homes sold in June was a record $536,250, according to CoreLogic, a 7.3 percent increase compared to June of 2017. In […]
We’re starting to see rising supply & flat/declining prices by Adam Taggart Our good friend John Rubino over at DollarCollapse.com just released an analysis titled US Housing Bubble Enters Stage Two: Suddenly Motivated Sellers. He reminds us that housing bubbles follow a predictable progression: Stage One: Mania — Prices rise at an accelerating rate as factors like […]
By Melody Hahm Nobel laureate and Yale economics professor Robert Shiller said the housing market is on a tear, and he sees no signs of a crash like the one that rocked the housing market a decade ago. “The market has been looking overheated ever since 2012 when we saw the upsurge that has been […]
By Matthew Vadum — Front Page Mag While it obsesses over an aging porn star, Russians, discredited ex-FBI officials, and pimple-faced gun-grabbers, the mainstream media has been ignoring an explosive federal lawsuit unearthing a huge illegal money-laundering conspiracy said to have been masterminded last election cycle by the Democratic National Committee and the Hillary Clinton campaign. It is […]
By Tyler Durden Once again, despite the flurry of so-called experts who were quoted in the financial media saying President Trump has no idea what he’s talking about when he tweeted that Amazon “are putting many thousands of retailers out of business”, somebody with experience running one of the world’s largest retailers shocked a handful of […]
The bridge was supposed to last for more than 100 years and withstand a Category 5 hurricane. Instead it came crashing down on people occupied cars within days of its construction. By Judi McLeod Celebrated leading visionary bridge engineer Atorod Azizinamini, whose ABC (Accelerated Bridge Construction) technology was used to build the bridge that collapsed yesterday […]
Kathleen Elkins The 2008 financial crisis led to the Great Recession and millions of jobs lost. It took years for America to recover and many citizens still feel the ripple effects. According to Microsoft co-founder Bill Gates, though, we should be braced for another one. During a Reddit “Ask Me Anything” last week, when Gates was asked […]
By Gregg Re, Christopher Carbone | Fox News Awards season is in full swing in California, and the Golden State just took home a booby prize of its own. California ranks dead last among U.S. states in quality of life, according to a study by U.S. News, ranking behind New Jersey (49th) and Indiana (48th). The ignominious honor […]
by Nafeez Ahmed New scientific research suggests that the world faces an imminent oil crunch, which will trigger another financial crisis. A report by HSBC shows that contrary to the commonplace narrative in the industry, even amidst the glut of unconventional oil and gas, the vast bulk of the world’s oil production has already peaked […]
by Tyler Durden In what has become a veritable cottage industry of predictions for when the 10Y yield will cause a market crash (just last Friday both Tom Lee and Jeff Gundlach chimed in with their latest forecasts), overnight Goldman’s economists published a detailed take on i) what has caused rates to jump by 70bps in 5 months, […]
