Strange days! First, the lovable losers from the “mistake on the lake” (aka, the Cleveland Browns) beat the New York Jets for their first victory in several seasons. Then, gold flash crashes and partially recovers.
Brexit, the ridiculous constrainted trade association of Europe (sold as a free-trade association), should be halted as soon as possible for the UK’s sake.
US Existing Home Sales for August rose slightly to 5.37 million units SAAR for a 0.5% gain since July. But on a year-over-year (YoY) basis, existing home sales fell
Apparatchiks rejoice! Hourly wage growth remain below 2009 levels even though jobless claims in the US have fallen to 1969 levels!
They’re a movin’ on up .. to the north side.
The US has never fully recovered from the 1-unit housing boom that started in 1995 and exploded in 2007.
President Trump announced yesterday after markets closed that the US would levy a 10% tariffs on $200 billion of Chinese goods.
The Federal Reserve did it to themselves. The have one rate at which banks can store deposits with The Fed (currently 1.95%) and another rate for institutional investors (1.75%).
The S&P 500 Index is on the verge of setting a new high for overvaluation.
Venezuela, the once thriving country with the largest confirmed oil reserve in the world, has been “Socialized.” One result of this idiocy is a 91.6% 2-year sovereign yield.