Housing Bubble 2 Goes Nuts: San Francisco Home Sales Plunge 20%, Prices Soar 27%

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter

San Francisco is known for its mindboggling booms and breathtaking busts as the hot money from all over the world ebbs and flows amidst startup frenzies and IPO manias.

And now the hot money is flowing. It has created a delirious craziness in the housing market, surrounded by an environment where app makers without revenues but with big dreams and the word “disrupt” in their description are worth […]

$2 Trillion High-yield Debt Market On The Verge Of Default, Goldman Sachs Says 1 Trillion In Investments Just Went Poof Due To The Collapse Of Oil, Debt Defaults Have Already Begun To Hit In The North American Shale Oil/gas Industry!

AND their analysis didn’t even touch on Shale Oil Projects in the U.S.A. (Because they have too much invested in that).

Enjoy your $2.00 gas while it lasts…


In a stunning analysis this week, Goldman Sachs found almost $1 trillion in investments in future oil projects at risk. They looked at 400 of the world’s largest new oil and gas fields — excluding U.S. shale — and found projects representing $930 billion […]

The US national debt has broken all the records in American, 41% of the national debt of the US has accrued during this administration… Cost of big biz not paying taxes, rich offshore tax havens, bailouts of Wall St…

The US national debt has broken all the records in American.. – pic.twitter.com/9vihekfcQy

— 9GAG Tweets (@9GAGTweets) December 17, 2014


(CNSNews.com) – The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president.

That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is […]

There Is Hope In Understanding That A Great Economic Collapse Is Coming

By Michael Snyder

If you were about to take a final exam, would you have more hope or more fear if you didn’t understand any of the questions and you had not prepared for the test at all?  I think that virtually all of us have had dreams where we show up for an exam that we have not studied for.  Those dreams can be pretty terrifying.  And of course if […]

We Are Witnessing A Spectacular Event Of How Incredibly Dense The Population Of Sheep Are.

by onpoint


Either we have some incredibly narrow reporting on the part of UK’s Mail Online, or we are witnessing a spectacular event of how incredibly dense the population of sheep are.

MOSCOW (AP) — Russian consumers flocked to the stores Wednesday, frantically buying a range of big-ticket items to pre-empt the price rises kicked off by the staggering fall in the value of the ruble in recent days.

Russia’s currency has been collapsing 15-20% in […]

Greece Might Be Hit With Cyprus Style Bail-Ins. Euro Crisis Getting Worse. Us Mortgage Applications Declined, A Sign That Real Estate Is Collapsing.

Greece might be hit with Cyprus style bail-ins. Euro crisis getting worse. US mortgage applications declined, a sign that real estate is collapsing. Obama signed the 1.1 trillion spending bill. Russia is opening an investigation into the central bank actions. Corporate media polls show that the America people support torture. Police will be scanning social media sites to predict crime. U.S. and Cuba are reestablishing diplomatic relations. U.S. advisers are […]

Jeb Bush quitting Barclays

Amid increasing signs that he intends to run for president, former Florida Gov. Jeb Bush will leave his position at Barclays on Dec. 31, according to a report.
The potential Republican 2016 contender is currently a paid adviser for the British bank.

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by Dave Hodges

Did you know that according to Daniel Freeman’s study published in the British Journal of Psychiatry found that paranoid thoughts are common among normally functioning people? In fact, the study concluded that some dose of paranoia is actually quite adaptive and can serve to keep us safe from danger. What is about to be presented in this article should make one paranoid for when one considers why governments in the West, […]

You Won’t Believe Michelle Obama’s Definition of Racism

2 years ago @FLOTUS described helping the woman bc she was short Today, she claims it's racism http://t.co/gsEhiD8sSj pic.twitter.com/8HI8m5Uacz

— C (@chelsea_elisa) December 17, 2014

First Lady reveals appalling example of ‘stereotyping’ in Target store

How many times have you been walking through a store when someone has mistakenly thought that you are an employee and asked you for help?

How many times have you made the mistake of confusing another […]

Crude oil is now cheaper than bottled water

The crash in oil prices is having a curious effect on everyday economics: oil is now cheaper than bottled water.

Brent crude was trading just below $60 a barrel on Tuesday morning, meaning that it now costs about 24 pence a litre. An oil barrel is 159 litres and currently the British Pound is 64 pence to the dollar.

Read more: http://uk.businessinsider.com/oil-cheaper-than-water-2014-12?r=US#ixzz3MG7NIC2e

Slaughters 150 Females in Iraq for Refusing to Marry, Have Sex with Them

Iraq’s Ministry of Human Rights claims the Islamic State (ISIS/ISIL) murdered 150 women simply because they refused to marry or perform sexual acts with the terrorists.

“At least 150 females, including pregnant women, were executed in Fallujah by a militant named Abu Anas Al-Libi after they refused to accept jihad marriage,” said the Ministry. “Many families were also forced to migrate from the province’s northern town of Al-Wafa after hundreds of […]

Michele Bachmann Tells Obama to Bomb Iran

Michele Bachmann told Obama that he needs to bomb the Iranian nuclear facilities, at the White House Christmas Party and then wrote an article in Christian newspaper the Free Beacon to brag about it. The Conservative Congresswoman from Minnesota will be retiring at the end of the year. What will Bachmann do next? We discuss it, in this Lip News clip with Mark Sovel and Elliot Hill.

Why The Earth Needs Volcanic Eruptions

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Scientists observe the Earth grow a new layer under an Icelandic volcano
“When the Bárðarbunga volcano, which is buried beneath Iceland’s Vatnajökull ice cap, reawakened in August 2014, scientists had a rare opportunity to monitor how the magma flowed through cracks in the rock away from the volcano.”

The Easiest Way To Stop Procrastinating

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The Effects of Self-Criticism and Self-Oriented Perfectionism on Goal Pursuit
“Five separate studies examined the associations of self-criticism and self-oriented perfectionism with goal pursuit across a variety of domains.”

I forgive myself, now I can study: How self-forgiveness for procrastinating can reduce future procrastination
“In the present study, we examined the association between forgiving the self for a specific instance of procrastination and procrastination on that same task in the future.”

The inner […]

Gold Still On Launch Pad As We Start 2015 – Peter Schiff | Kitco News

Kitco News speaks with Peter Schiff to get his forecasts for gold in this special outlook edition. Last time Schiff was on the show, he said he expects gold price to take a “rocket ship back up” and we wanted to know if he has since changed his tune. He is still bullish on gold and says the U.S. economy is not as strong as people perceive it to be. […]

Judge Napolitano: Senate Torture Report Exposes Multiple Crimes Commited By CIA

Putin: Govt has to help fight inflation, not just central bank’s job

Who’s the Fool Now?: Obama Banking on Stupidity of Millennials

Who’s the Fool Now?: Obama Banking on Stupidity of Millennials

President Barack Obama’s various efforts to court the young vote have crystallized his offensive, albeit sometimes successful, strategy: banking on the stupidity of Millennials.His efforts always follow the same path. He begins by trotting out star-studded celebrities like Amy Poehler and Zach Galifianakis.

When star power fails to dazzle, the President then turns to lame, and at times insulting, comedy. Think pajama boy, […]