Silver as an investment

Category Archives: Economics

Canada’s Housing Bubble Explodes As Its Biggest Mortgage Lender Crashes Most In History

Call it Canada’s “New Century” moment. We first introduced readers to the company we said was the “tip of the iceberg in Canada’s magnificent housing bubble” nearly two years ago, in July 2015 when we exposed a major problem that we predicted would haunt Home Capital Group, Canada’s largest non-bank mortgage lender: liar loans in […]

Why Are So Many Millennials Living With Their Parents Instead Of Getting Married And Starting Their Own Families?

Did you know that the percentage of 18 to 34-year-old Americans that are married and living with a spouse has dropped by more than half since 1975?  Back then, 57 percent of everyone in that age group “lived with a spouse”, but today that number has dropped to just 27 percent.  These numbers come from […]

David Stockman On The Anything President And The Everything Bubble

Authored by David Stockman via The Daily Reckoning, The lemmings are running hard towards the cliffs today. Despite a renewed burst of bombs and drones careening into the already rubble-strewn wastelands of Afghanistan, Yemen, Syria and Iraq. Or the outbreak of cold war style nuclear brinksmanship on the Korean peninsula — what one commentator properly […]

What’s Your Plan B?

Authored by Charles Hugh-Smith via OfTwoMinds blog, Although Plan B includes a wide spectrum of options, these three basic categories define three different purposes for having an alternative residence lined up. We all have a Plan A–continue living just like we’re living now. Some of us have a Plan B in case Plan A doesn’t […]

“Hell To Pay”

Authored by Economic Prism's MN Gordon, via Acting-Man.com, Behind the Curve Economic nonsense comes a dime a dozen.  For example, Federal Reserve Chair Janet Yellen “think(s) we have a healthy economy now.”  She even told the University of Michigan’s Ford School of Public Policy so earlier this week.  Does she know what she’s talking about?   Somehow, […]

March Producer Prices Disappoint, Drop Most Since August

Despite a modest rise in Final Demand producer prices to 2.3% YoY (from +2.2% YoY), this was a miss.. Highest PPI Final Demand YoY in 5 years…   But combined with a 0.1% decline MoM – the biggest drop since August 2016 – suggests the inflationary impulse is fading.   The full breakdown shows Core […]

Wells Just Reported The Worst Mortgage Number Since The Financial Crisis

When we reported Wells Fargo’s Q4 earnings back in January, we drew readers’ attention to one specific line of business, the one we dubbed the bank’s “bread and butter“, namely mortgage lending, and which as we then reported was “the biggest alarm” because “as a result of rising rates, Wells’ residential mortgage applications and pipelines […]

Yellen’s Self-Serving Assessment: Fed Is “Doing Pretty Well”

Authored by Mike Shedlock via MishTalk.com, Now that the bubbles have been blown (but still remain invisible to the Fed), Fed Chair Janet Yellen Yellen conveniently pats herself and the Fed on the back for a job piss-poorly done. Her self-serving assessment is the Fed is “doing pretty well”. And her new message of the […]

#FordSchoolYellen Q&A Post-Mortem – Janet Yellen’s Greatest Hits

Fed Chair Janet Yellen has just completed her Q&A with Twitter. She did not disappoint… The Economy…  *YELLEN: U.S. ECONOMY IS "PRETTY HEALTHY" Worst economic recovery on record…   *YELLEN: WE MUST SUSTAIN PROGRESS THAT WE HAVE ACHIEVED Current Quarter GDP forecast 0.6%… *YELLEN: APPROPRIATE TO GRADUALLY RAISE FED FUNDS RATE If GDP forecasts for […]

Will Trump Stop Plans to Ban Cash in the US?

The biggest trend that continues “behind the scenes” is the War on Cash. Anyone who believed that the political shift towards nationalism would somehow result in the elites giving up their Central Planning schemes is mistaken. Consider Europe… Recently, the European Union announced it would start researching whether or not to put an upper limit […]