Sep 20, 2017 - 10:05:34 PDT

Existing Home Sales YoY Flat in August, Inventory Still Missing

(Median Prices Up 5.6% YoY) According to the National Association of Realtors, existing home sales YoY were flat at +0.2% growth (while down 1.7% MoM from July to August). Hurricane season isn't helping existing home sales. The median price of existing home sales YoY grew at 5.6%. Existing home sales inventory is still missing as in 1999-2001 levels. Let's see…

Sep 20, 2017 - 10:02:27 PDT

Student Debt Delays Home Buying

(32% Defaulted On or Forebore Their Student Debt) The Student Loan Debt and Housing Report 2017 by the National Association of Realtors and the nonprofit group American Student Assistance shows that student debt delays household formation, home buying, and saving. When 51% have student debt greater than $50,000, it will delay buying a home. And purchasing a car. Any wonder why real estate lending is…

Sep 20, 2017 - 09:56:51 PDT

BIS Hunts for ‘Missing’ Global Debt, Inflation

(Try Including Housing!) Just like global central banks, the Bank for International Settlements can't seem to find inflation and $114 trillion in off-balance sheet FX derivatives. ZURICH – Nonfinancial companies and other institutions outside of the U.S., excluding banks, may be sitting on as much as $14 trillion in "missing debt" held off their balance sheets through foreign-exchange…

Sep 20, 2017 - 07:27:25 PDT

Dollar Weakens as Gold Rises Ahead of Fed Statement

"We suspect that the central bank will reiterate its dovish stance and likely weaken the dollar in the process,"

Sep 20, 2017 - 08:01:36 PDT

Fed Day With Extremely Loose Financial Conditions

Today is the day,  folks. The consensus is the Fed announces the start of quantitative tightening (QT).   History in the making. Draining Liquidity Though monetary tightening officially began in December 2015,  this will be the first time the Fed drains liquidity from the financial system in any meaningful amount. That is because of the Orwellian…

Sep 20, 2017 - 07:55:27 PDT

Fed Asset Bubbles at the Mercy of Rest of the World's Central Bankers

So here we go with the latest installment of the Fed’s will they or won’t they show. It seems from reading all the insights that we’re meant to expect a dovishly spun hawkish move.

Sep 20, 2017 - 07:20:20 PDT

Trump Threatens to 'Totally Destroy' North Korea

Trump tells U.N. General Assembly that North Korean Leader Kim Jong Un "is on a suicide mission" & stressed the world is in a time of peril.

Sep 20, 2017 - 07:09:34 PDT

Maria Slams Ashore in Puerto Rico as a Category 4 Hurricane

Hurricane Maria slammed into southeastern Puerto Rico as a Category 4 storm with the potential to inflict $30 billion in damages just two weeks after Irma ravaged the cash-strapped island.

Sep 20, 2017 - 07:02:58 PDT

7.1-Magnitude Mexico Earthquake: Live Updates

A 7.1-magnitude earthquake hit southeast of Mexico City late Tuesday night local time, leaving hundreds of people dead and dozens missing.

Sep 20, 2017 - 06:23:15 PDT

Full Preview Of Today's "Historic" FOMC Meeting

In what may be one of Janet Yellen's last, and certainly her most difficult in recent history meetings, tomorrow the FOMC will not hike rates but will announce the start of its balance sheet normalization programme, while revising its economic projections and hinting whether the December meeting is "live" for one more 2017 rate hike. Here's what else to look forward to...

Sep 19, 2017 - 10:05:59 PDT

Top Ten Reasons I Buy Gold & Silver [#6] - The ONLY Undervalued Asset Class

It’s probably the oldest investment adage: buy low, sell high.So what is “low” today? And just as important, what is “high” that we should avoid buying?As Mike Maloney points out in his new video of the Top 10 Reasons he buys gold and silver, everything is a scary investment—except precious metals.That’s not just talk. Here’s a snapshot of just how overvalued the three biggest asset classes are…StocksYou undoubtedly know that the US stock market is at an all-time high. But it’s more than high—it’s in runaway mode…

Sep 19, 2017 - 10:18:05 PDT

Deutsche Bank: "Global Asset Prices Are The Most Elevated In History"

"We’re in a period of very elevated global asset prices – possibly the most elevated in aggregate through history"

Sep 18, 2017 - 10:51:50 PDT

Top Ten Reasons I Buy Gold & Silver [#7] - These Assets Come With a Guarantee

There are no guarantees when it comes to investing. But due to how our current monetary system is structured, and how central bankers will undoubtedly respond to the next crisis, gold and silver are guaranteed to benefit.And that is Mike Maloney’s Reason #7 why he buys gold and silver: they come with a central bank guarantee:It all centers around the constant erosion in the value of our currency. The Consumer Price Index (CPI), the government’s primary gage of inflation, has marched higher for the past 40 years.

Sep 19, 2017 - 05:36:51 PDT

The Federal Reserve Is Setting America up for Economic Disaster

G. Edward Griffin's 1994 book, "The Creature from Jekyll Island," is an excellent primer on the failings of the Federal Reserve.

Sep 19, 2017 - 05:35:05 PDT

Dollar Could Sink Even Further on Fed Meeting

This week's two-day Federal Reserve meeting will likely usher in volatility for the U.S. dollar, one foreign exchange strategist said.

Sep 19, 2017 - 05:33:57 PDT

Where Deutsche Bank Thinks the Next Financial Crises Could Happen

Central banks unwinding quantitative easing, potential crises in China & Italy and populism could causes financial crises, according to Deutsche Bank.

Sep 19, 2017 - 05:30:27 PDT

Dalio: Fed Won't Wind Down Its $4 Trillion Portfolio of Assets Easily

Hedge fund titan Ray Dalio says to succeed in markets, you need to bet against the consensus — and be right

Sep 19, 2017 - 05:26:29 PDT

Category 5 Maria Barrels Toward US Virgin Islands, Puerto Rico

The storm was on track to move over the northeastern Caribbean Sea and, by Tuesday night or early on Wednesday, approach the Virgin Islands and Puerto Rico, where millions are still reeling from Hurricane Irma earlier this month.

Sep 15, 2017 - 08:47:41 PDT

Top Ten Reasons I Buy Gold & Silver [#8] - We Will Have a New World Monetary System By 2020

It’s a bold statement, but Mike Maloney predicts that based on history, the US will be forced into a new monetary system by the end of this decade.As he explains in his new video, Reason #8 Why I Own Gold and Silver, the world has formed a new monetary system every 30-40 years. The US is overdue.Many citizens aren’t aware of it, but America has had four monetary systems in just the past 100 years:That’s why Mike believes the US dollar is overdue for its demise…History Says the US Dollar Has an Expiration Date

Sep 18, 2017 - 06:18:54 PDT

Chris Martenson - Central Banks Are Terrified

“By many metrics, this market has never been more expensive. . . . What goes up has to come down. . . .