Homebuilders Hammered Into Bear Market As Mortgage Rates Top 5%

For the first time since Feb 2011, US 30Y mortgage rates have topped 5.0%, according to Mortgage News Daily. As CNBC reports, the average rate on the 30-year fixed loan sat just below 4% a year ago, after dropping below 3.5% in 2016. It just…

Hedge Fund And ETF Darling Stocks Crushed As Selloff Accelerates

For the “smart money”, the low volume stock ascent of 2017 and much of 2018 was a welcome opportunity to generate alpha by clustering into a handful of “hedge fund VIP” names – a group which was traditionally headed by FAANGS and other tech names…

Father Of World Wide Web Launches Platform Which Aims To Radically Decentralize The Internet

“For people who want to make sure the Web serves humanity, we have to concern ourselves with what people are building on top of it,” Tim Berners-Lee told Vanity Fair last month. “I was devastated” he said while going through a litany of harmful and dangerous developments…

Majority Of Europeans Support Refugees, But Disapprove Of EU Policies

For years, the migration crisis has divided Europe, empowering a populist tidal wave across the continent. According to Eurostat, the number of first time asylum applications in 2017 was 650,000 – substantially lower than in 2016 (1.2 million) and 2015 (1.26 million). However, as Statista’s Niall…

“Audi Is Going Electric”: ‘e-tron’ Reveal Marks New Era Of Competition For Tesla

For the last decade, Tesla hasn’t had to worry about any type of high-performing luxury competitor. That changed last night with the unveiling of the Audi e-tron, Audi’s EV crossover vehicle that was announced just days after Mercedes and BMW both revealed their own EV crossovers. As…

WikiLeaks Disputes That Assange Sought Russian Visa, Slams AP “Assange Letter” As Fake

For years international media outlets worked collaboratively with WikiLeaks to publish leaked files on subjects ranging from the Iraq and Afghan wars to Syria to State Department diplomatic cables, but now it’s WikiLeaks itself that media outlets are attempting to expose.  An exclusive Associated Press story claims…

The Economic ‘Recovery’ Is Leaving More Than 50 Million Americans Behind

For more than half of American communities, the economic “recovery” that has created millions of jobs and pushed GDP growth above 4% during Q2 never happened. Indeed, while urban centers like New York City have created millions of jobs, a study recently highlighted by Axios…

Michelle’s ‘Becoming’ a Gazillionaire Book Tour

For those who forgot – or would like to forget – despite waking up every morning for eight years “in a house built by slaves,” America’s former first lady, Michelle Obama, indulged in 100 million dollars’ worth of vacations at taxpayers’ expense; wore haute couture;…