Guest post by Ted Malloch, author of Davos, Aspen and Yale The Federal Reserve Bank of St Louis just released this single snapshot of economic performance over the Obama years. What do you see? His eight years did more to destroy America than any of past presidents, be they Democrat or Republican. Look and study these few charts: Student […]
by Tyler Durden For the first time since Q1 2013, mortgage delinquencies rose QoQ in Q4. The jump from 4.52% (of total loans) to 4.80% is the largest since Q1 2010 and hit as mortgage rates spiked following President Trump’s election and Fed Chair Yellen’s jawboning and rate-hike. Of course, levels remain ‘low’ relative to […]
While the left, especially President Obama himself, spreads the lie that the economy is doing great, Macy’s is to cut 10,000 jobs. So, Macy’s, how are Obamanomics working for you? Barack Obama is supporting efforts by liberal state legislators across America to raise the minimum wage to $15/hour. This is additional pressure that America’s struggling […]
by CHRISS W. STREET The number of women in part-time jobs has doubled in the eight years of President Barack Obama’s tenure, because his management of the economy has produced very few new full-time jobs, according to a new report by left-wing academics. From 2005 to 2015, the percentage of men in “alternative work” increased […]
To make outsized returns or avoid some nasty losses in investing, you have to go against the grain. There are few people who live that principle more than Reggie Middleton, the CEO of fintech (financial technology) company Veritaseum. On his independent research website BoomBustBlog, he called the demise of Bear Stearns, Lehman Brothers, and BlackBerry […]
The number of New Yorkers applying for emergency grants to stay in their homes is skyrocketing — as the number of people staying in homeless shelters reached an all-time high last weekend, records show. There were 82,306 applications for one-time emergency grants to prevent evictions in fiscal 2016, up 26 percent from 65,138 requests the […]
By Jim Clifton, Chairman and CEO at Gallup The Invisible American I’ve been reading a lot about a “recovering” economy. It was even trumpeted on Page 1 of The New York Times and Financial Times last week. I don’t think it’s true. The percentage of Americans who say they are in the middle or upper-middle […]
The numbers are in and after seven years of Obamanomics the economic climate in America is “worse than the depression.” By Jim Hoft * Barack Obama is also the first president on record to not see a single year of 3% GDP growth. The latest quarterly GDP rate was 1.1 percent. NPR reported: At 4.9 percent, […]
Diana Olick Sales of million-dollar homes are softening. It’s not a correction, experts caution, just something of a breather brought on by volatility in the U.S. stock market and an oversupply of luxury homes. Sales of homes priced above $1 million fell 4 percent in July from a year ago, according to the National Association […]
by Tyler Durden One month ago, we said that “it is not looking good for the US housing market”, when in the latest red flag for the US luxury real estate market, we reported that sales in the Hamptons plunged by half and home prices fell sharply in the second quarter in the ultra-wealthy enclave, […]
