Poor America: 40% of Americans Can’t Afford Middle-Class Lifestyle

Even though the stock market trades at near record highs, joblessness suppressed at decade lows, and corporate buybacks/profits booming via Trump’s tax reform, poverty is exploding all over America. One of the primary objectives of the Federal Reserve’s monetary policy of this past decade was to generate…

National Economic Disparity Could Spell Political Shifts

Authored by Ben Isaac via Free Market Shooter blog, In the years following the housing crash of 2008, most local housing markets have made a full rebound from the dire straits that befell a huge portion of the population and took the economy with it….

Brazilian Real Rout Returns Despite Hawkish Central Bank ‘Hold’

Brazil’s central bank (BCB) surprised the market by foregoing a final rate cut overnight in what seemed like a hawkish effort to stem the tide of collapse in its currency. For a few brief minutes it worked… but the Real is no collapsing lower again to…

Easing Bond Rout Stabilizes Global Markets, But Surging Dollar Keeps Traders On Edge

Following yesterday’s rate spike-driven market rout, S&P futures have steadied alongside European stocks as global markets stabilized thanks to an easing in the bond selloff, leading to speculation that the worst may be over.  US equity futures were all roughly unchanged on Wednesday morning as…

Malaysian Stocks, Ringgit Soar After ‘Market-Foe’ Mahathir Calms Nerves

Market watchers had expected equities to fall across the board, as well as currency weakness which was anticipated mid-week, since  Mahathir said in an interview last month with Bloomberg, when asked whether he’d consider repegging the ringgit to ward off “currency manipulators”: “When a currency…

What Is Causing The Recent Spate Of US Military Crashes?

Authored by Duane Norman via Free Market Shooter blog, Recently it was revealed that the US Department of Defense issued a Notice to Airmen (NOTAM) regarding air transit near a Chinese airbase in the East African country of Djibouti.  The notice was issued after pilots were allegedly targeted with…

Visualizing The 10 Wealthiest Countries In The World

According to market research company New World Wealth, the world has accumulated $215 trillion in private wealth, a 12% increase over the last year.   Incredibly, as Visual Capitalist’s Jeff Desjardins notes, the vast majority of this wealth – about 73.5% – is held by just…

One Bank’s “Ominous” Warning: “The Buying Of Risk Assets Has Ground To A Halt”

Traders, analysts and strategists have been stumped by a market paradox in recent weeks: despite earnings that have been off the charts, rising 24% Y/Y (the most since 2010, if largely thanks to Trump’s tax reform), the S&P is still down for the year, after…

GM Is Hiring More Part-Time Workers To Slow Job Cuts

Judging solely by the top-line numbers, the US labor market appears to be at its tightest level in decades. But if you look below the surface, of course, that narrative swiftly unravels, and the notion that the labor numbers have been at least partially goalseeked…

Millennial Homeownership Rate Collapses In Britain

Theresa May could be entirely correct. Britain’s real estate market is severely dysfunctional and needs to be reformed. Homeownership for millennials has collapsed over the past three decades; the investigation reveals that millennials are facing a housing crisis from London to Manchester. The homeownership rate…