Silver as an investment

Category Archives: Midwest

Pending Home Sales Jump Most In 8 Months On Hurricane Rebound

Following the bounces in new- and existing-home sales in October, all eyes are on Pending Home Sales to complete the trifecta of 'proof' that housing is back baby… and it did rising 3.5% MoM (beating expectations of a 1.0% gain). The driver of the surge was The South (up 7.4% MoM) as September's 3% hurrican […]

Rental Insecurity: Survey Finds 1 In 5 American Renters Missed A Payment In Past 3 Months

A new survey conducted by ApartmentList.com recently found that Americans, despite historically low unemployment levels and surging stock indices which would both seem to suggest that ‘everything is awesome’, are having a very difficult time making ends meet.  Per the survey, some 20% of renters admit they were unable to make their monthly payments on […]

Housing Starts, Permits Collapse In September (Spoiler Alert: It Wasn’t Just The Storms)

Following last month's bounce in permits (later revised lower), September expectations were for a decline of 2.1% (presumably analysts knew of the storms' potential impact when they guessed) but it utterly collapsed – down 4.5%. Worse still Housing Starts were supposed to drop just 0.4% in September but crashed 4.7%. These are 2 to 3 […]

“Worse Than Big Tobacco”: How Big Pharma Fuels The Opioid Epidemic

Authored by Lynn Paramore via The Institute for New Economic Thinking, Once again, an out-of-control industry is threatening public health on a mammoth scale Over a 40-year career, Philadelphia attorney Daniel Berger has obtained millions in settlements for investors and consumers hurt by a rogues’ gallery of corporate wrongdoers, from Exxon to R.J. Reynolds Tobacco. […]

Trump Warns Xi: Trade War With China Begins Monday

As if there weren’t enough geopolitical and social stress points in the world to fill a lifetime of “sleepy, vacationy” Augusts, late on Friday night President Trump spoke to Chinese President Xi Jinping and told him that he’s preparing to order an investigation into Chinese trade practices next week, according to NBC. Politico confirms that […]

Illinois Budget: What It Does And Doesn’t Do (Surprise Giveaway To Muni Bondholders?)

Authored by Mike Shedlock via MishTalk.com, Illinois now has a budget, the first in three fiscal years. An excellent writeup on The Stump entitled Illinois Financial Disaster: Even More Reactions to the Budget explains what passage of the budget does and does not do. Here are some links mentioned by The Stump and a few additional […]

Here Are The States With The Highest Property Taxes

ATTOM Data Solutions has scoured county-level property tax records from across the country to figure out exactly who is getting punished the most on their real estate taxes.  To our complete ‘shock’, the resulting map looks eerily similar to the 2016 presidential electoral college map with the liberal bastions of the Northeast and Midwest suffering […]

The U.S. Border Tax Would Hit Texas Hard

Authored by Tsvetana Paraskova via OilPrice.com, The proposed border adjustment tax has been dividing U.S. lawmakers. It is also dividing companies into those who support it and those who do not, as the simplified theory of the proposal – tax imports and exempt export revenue from taxable income – is expected to create clear-cut winners […]

Labor Paradox: As Trump Fights For Jobs The Trucking Industry Struggles With ‘Yuge’ Labor Shortage

Job creation has been a key focus of the Trump administration which has blamed outsourcing to lower cost countries like Mexico and China for the stagnant wages of the middle-class working folks of America’s Midwest. The only problem with that theory is that certain industries in the U.S. are actually struggling with extreme labor shortages […]

Mexico Prepares Plan To Ditch U.S. Grain Imports As NAFTA Showdown Looms

America’s Midwest farmers can’t seem to catch a break.  First, an epic collapse of grain prices over the last couple of years have threatened to wipe out family farmers (see “Midwest Farm Bubble Continues Collapse As Farm Incomes Expected To Crash In 2017“) and now, thanks to the pending NAFTA showdown threatened by President Trump, […]