According to CoreLogic, 7 of the top 15 metro areas in terms of mortgage fraud risk as located in Florida. Miami and Daytona Beach rank 1 and 2, followed by New York/Newark/Jersey City.
An emerging discrepancy in oil storage numbers makes the reported oil glut seem vastly overstated.
The 2017 Social Security COLA will add a paltry $5 to beneficiaries’ monthly checks – dangerous considering the Fed’s targeted 2% inflation rate.
World equity markets were mixed overnight. European stock markets traded not far from unchanged as traders and investors debated whether the European Central Bank will or won’t extend its quantitative easing of monetary policy of purchasing bonds.
Plutocrats Brag: We Win Because You Fail to Vote
By William K. Black October 20, 2016 Kansas City, MO The New Democrats and their Republican counterparts’ economic policies have created a rigged system of crony capitalism. Crony capitalism produces devastating epidemics of elite fraud that have shrunk the overall … Continue reading →
Plutocrats Brag: We Win Because You Fail to Vote
We are approaching the 20th anniversary of Alan Greenspan’s famous “irrational exuberance” speech. Many remember those two words but few remember their context: Clearly, sustained low inflation implies less uncertainty…
The Shanghai Accord in its simplest form is a weaker dollar, a weaker dollar for imported inflation, a weaker dollar to stimulate U.S. exports (as noted previously here). It was a way for China to cheapen their currency without breaking the peg to the dollar.
There seems to be an inability of Central Banks to generate inflation.
Focusing exclusively on the best companies means bypassing half the market’s profit potential.
“Happy anniversary!” Jim Rickards tweeted this morning, giving our old friend Mr. Market a good razzing.
