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 Authored by Todd Buchholz, originally posted op-ed at MarketWatch.com, Nations are just as likely to unravel after periods of prosperity as after periods of depression Have you ever met an Ottoman? Or a Habsburg? Neither have I. Like a chopped-up Magritte painting, all that is left of the Habsburgs is a homburg […]
By Michael Snyder You are about to see a chart that is undeniable evidence that we have already entered a major economic slowdown. In the “real economy”, stuff is bought and sold and shipped around the country by trucks, railroads and planes. When more stuff is being bought and sold and shipped around the country, […]
By Michael Snyder We have seen this story before, and it never ends well. From mid-March until early May 2008, a vigorous stock market rally convinced many investors that the market turmoil of late 2007 and early 2008 was over and that happy days were ahead for the U.S. economy. But of course we all […]
By Michael Snyder Should we be alarmed that the number of job cuts announced by large U.S. companies was 35 percent higher in April than it was in March? This is definitely a case where the trend is not our friend. According to Challenger, Gray & Christmas, U.S. firms announced 65,141 job cuts during April, […]
By Michael Snyder We continue to get more evidence that the U.S. economy has entered a major downturn. Just last week, I wrote about how U.S. GDP growth numbers have been declining for three quarters in a row, and previously I wrote about how corporate defaults have surged to their highest level since the last […]
by Tyler Durden A dark storm is brewing in the world of private pensions, and all hell could break loose when it finally hits. As the Washington Post reports, the Central States Pension Fund, which handles retirement benefits for current and former Teamster union truck drivers across various states including Texas, Michigan, Wisconsin, Missouri, New […]
By Matthew Vadum The Left’s destructive push for a $15 an hour minimum wage threatens to make the American fast-food worker extinct while driving up the price of burgers and other dietary staples relied on by low-income consumers. It’s actually a highly effective job-creation program—for those who manufacture robots and the touch-screen point-of-sale terminals that […]
Via DoctorHousingBubble.com, Americans are realizing something is wrong with the system. You can see it this year with the rise of outsiders in both political parties. People realize the system is rigged. Instead of some folks that kowtow and simply move forward like subservient lemmings, millions are mobilizing and taking action. Many are voting with […]
U.S. retail sales dropped in February and the prior month’s gain was revised to a decline, calling into question the narrative that bigger gains in consumer spending would propel economic growth at the start of 2016. The 0.1 percent decline in purchases followed a revised 0.4 percent January decrease, Commerce Department figures showed Tuesday. Sales […]
