As Hamptons Booms, World of Luxury Problems… It was 4 p.m. last Friday and a 30-something New Yorker who’d just flown into the East Hampton airport was seated on a bench outside the terminal, typing into his laptop, a pair …
by Shaun Richards Last night brought something intriguing from the US economy so let us take a look at the state of play in its credit market. In February, consumer credit increased at a seasonally adjusted annual rate of 7.9 …
Residents in the UK and Cuba have described seeing shiny objects falling from the sky, which were followed by a loud noise. Unconfirmed meteor sightings were also reported in the US. A dashcam recorded a bright ball of light flying …
by Michael Snyder For weeks, Americans all over the country have been rattled by extremely loud booming sounds that seem to have no explanation, and they are often accompanied by “mysterious flashes of light”. These strange booms are shaking homes …
From Bloomberg: Ben Bernanke got a big laugh from economists in Atlanta on Jan. 4. A few minutes after Janet Yellen said, “I don’t think expansions just die of old age,” he replied, “I like to say they get murdered.” All …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Fueled by cheap money and by dashed hopes of high oil prices. Industrial production in October rose 4.1% from a year ago, the Fed Board of Governors reported this morning. This was in the upper portion …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter And now the biggest boom of all. The Nasdaq has dropped 8% from its intraday high on October 1, and now the real estate industry in the San Francisco Bay Area has its collective eyes fixed …
via NYT: For a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy. The signs of potential trouble — vanishing pensions, soaring medical expenses, inadequate savings — have been …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Veterans in this industry are saying this is the best freight market they have ever seen.” But shippers struggle with rising costs. Orders for Class 8 trucks – the heavy trucks that haul trailers across the …
A joint-investigation into the mysterious booms rattling the communities of Bucks and Lehigh Counties reveals the cause to be explosions, according to police. h/t Rachael
The corporate media is pushing fake Cohen/Trump Russian collusion stories, Mueller pushes the corporate media to stop the fake news. Certain government employees are pushing for a criminal investigation against Comey, Lynch, McCabe and Rosenstein. Trump reports Pompeo met with …
