NEW YORK (PNN) - April 25, 2017 - While it is unclear if the Chinese, tired of fighting regulations in Canada, are behind the latest jump in home prices, today Case-Shiller reported that its index of Top 20 cities rose at a 5.9% annual rate, the highest increase since July 2014, citing tight supply and growing housing demand.
Road to Depression
SAN FRANCISCO, Kalifornia (PNN) - November 18, 2016 - We have frequently written over the past couple of quarters about the bubbly San Francisco housing market that looks set for another epic reversal as home prices have reached staggering new highs just as employment levels seem to be rolling over. With home prices now implying that only 10-20% of residents can afford the “median” priced home, it's certainly not difficult to understand why demand may be waning.
NEW YORK (PNN) - September 15, 2016 - Possibly the defining business trend coming out of the financial crisis has been a "startup boom". It seems everyone is building an app or starting his or her own business.
This image, however, may be just an illusion, according to Michelle Meyer, Fascist Police States of Amerika economist at Bank of America Merrill Lynch.
NEW YORK (PNN) - September 15, 2016 - Year-over-year growth in retail sales rose just 1.9% (its weakest since March's plunge) and worryingly in historical recession territory. MoM data was disappointing across the entire spectrum with actual contractions versus expectations of gains (Core -0.1% vs +0.3% exp, and Control -0.1% vs +0.4% exp). While clothing and food services saw spending increases, a drop in gasoline spending along with a tumble in retailers down 2.4% MoM and sporting goods weighed the overall index down.
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- Tent cities full of homeless people are booming all over Amerika as poverty spikes!
- 1 in 6 working age males has no job under Obama!
- In 50 years this has never failed to trigger a bear market!
- Amerika’s hidden jobless rate is a product of a conspiracy!
- Today's layoff news!
- Spain's debt now worth more than value of the economy!
- FPSA homeownership falls to nearly its lowest level in history!
- The FPSA government has a $20.4 trillion retirement problem!
- One quarter of Amerikans in their prime working years are unemployed!
- FPSA existing home sales tumble in warning sign for housing market!
- New home sales unexpectedly plunge!
- Swiss politicians slam attempts to eliminate cash!
- FPSA banks have 247 trillion dollars of exposure to derivatives!
- FPSA CEOs unleash Depression fears in earnings calls!
- Spending was at an all time low for Black Friday this year!
- FPSA services economy slumps to weakest in 13 months!
- Puerto Rico debt bomb about to explode!
- Wal-Mart is closing hundreds of stores and laying off thousands of employees!
- Baltic Dry Shipping Index drops to all-time low!
- The worst ever stock market start is just the beginning!
- Latest payroll jobs numbers are false and misleading!
- Brazil slides into the brink with industrial production down 12%!
- Markets are back at panic levels!
- Baltic Dry Index careens to fresh record low!
- Ailing global economy starts to weigh on FPSA job market!
- The truth about unemployment in Amerika!
- Record 94,031,000 Amerikans not in labor force!
- Canada officially enters recession!
- Dow plunges 531 points!
- S&P 500 drops below trading range as global selloff intensifies!
- Fed official says there is no evidence that QE boosted the economy!
- Overwhelming waves of deflation will suck us further into Depression!
- Why do so many working age Amerikans choose not to enter the workforce?
- FPSA newspapers see more bad news as jobs decline!
- Emerging market currencies tumble to record low in violent selloff!
- Pension funds burn cities as $1 trillion shortfall set to grow!
- Homelessness and empty stores becoming the new normal in NYC!
- Flood of Londoners take to boats to escape rising housing costs!
- Greek contagion across markets muted!
- FPSA debt headed toward Greek levels!
- Puerto Rico says it can't pay its debts!
- Leading British bond fund manager says it is time to hold physical cash!
- More financial insiders warn that a crash is coming!
- Global trend forecaster Gerald Celente on $2,000 gold!
- Greek depositors yank another 600 million euros from local banks!
- Juncker spurns Tsipras request for meeting to stave off default by Greece!
- Goldman Sachs warns too much debt threatens world economy!
- Spain unemployment rate increases to 23.7%!
- McDonald’s closing hundreds of restaurants as sales slide!
- Greek eurozone exit edges closer as markets brace for Athens default!