These Are The Best And Worst U.S. Cities To Own A House

For those lucky Americans who can afford to own a house instead of being stuck renting the New Normal American dream (where they are prohibited from peddling fiction as their annual rent increases by 10% or more each year), here is the breakdown of the best and worst cities, if only from the perspective of price appreciation in the U.S.

Low-Volatility Stocks At Risk As Credit Cycle Ends, UBS Warns A Crash Is Coming

UBS' Paul Winter believes we are witnessing the end of the credit cycle - earnings growth rates are flat, and the stock market impact has been increasing. Importantly, from a risk perspective, Winter warns that Systemic Risk is rising, and Economic Policy Uncertainty has hit all-time highs, warning that the key risk today lies in low-volatility stocks and the broad market's equity risk premia - "either earnings need to pick up dramatically, or alternately, equities would need to correct by around 20% to bring the equation back into equilibrium."

White Lives Matter Has Been Branded A "Hate Group"

While Black Lives Matter continues to be the topic of national progressive and race debate, with its participants appearing in numerous media outlets while collecting generous donations from the likes of George Soros, its diametrical opposite, White Lives Matter - a group which calls itself an opponent of the Black Lives Matter movement - has just been declared a hate group.

Female Police Officer Stabbed In Toulouse, France By Mentally Ill Muslim Man

In the latest stabbing by a "mentally sick" assailant in Europe, moments ago a female police officer was seriously injured after a man attacked her with a knife at a police station in Toulouse, France, local media reported. The suspect tried to grab the officer’s weapon and when the attempt failed, he took a knife and stabbed her in the throat.

"Good News Is Bad News" Again - Confidence Surge Sparks Stock, Oil Purge

The hghest current expectations confidence since August 2007 has sparked a moment of turmoil in the markets as USD strength sends stocks and oil reeling. Gold is down modestly and Treasuries are bid with the long-end outperforming (as the yield curve flattens to yet another cycle low)...

Even The NYT Says Clintons Should Ban Foreign Donations

"The Clinton Foundation has become a symbol of the Clintons’ laudable ambitions, but also of their tangled alliances and operational opacity. If Mrs. Clinton wins, it could prove a target for her political adversaries. Achieving true distance from the foundation is not only necessary to ensure its effectiveness, it is an ethical imperative for Mrs. Clinton."

Consumer Confidence Soars To 11-Month Highs (With 5 Standard Deviation Beat)

Slumping economic growth and rising gas prices don't matter. US Consumer Confidence jumped to 101.1 in August - highest since Sept 2015 - smashing expectations by almost 5 standard deviations as stocks hit record highs. Notably 'current expectations' rose to their highest since Aug 2007.

Why Millennials Can't & Won't Grow The US Out Of Trouble

As the Millennials are making their way into adulthood, countless economists and nervous Boomers have pinned their hopes on this generation to kickstart the moribund US economy.  There are 3 basic sources of consumptive growth in a nation with twin budget and trade deficits... population growth, wage growth, and/or credit growth and population growth the greatest among these to drive greater demand.  So, the growth of the population, and the Millennials in particular, is worth a pretty close look.

Record Low Yields On Deck? Abe Advisor Urges Japan To Buy US Treasuries

 "Japan's monetary authorities should intervene in the currency market not to change the yen's general course but to discourage speculators" Koichi Hamada, an emeritus professor of economics at Yale University, told Reuters in an interview. "If Japan's currency intervention is considered manipulation of exchange rates, BOJ buying of foreign bonds is an option for the same objective in a moderate form."

US Home Prices Suffer 3rd Consecutive Decline For First Time Since 2012

For the first time since Feb 2012, S&P CoreLogic's 20-City Composite price index declined for 3 straight months (dropping 0.07% in August, in line with expectations). The non-seasonally-adjusted annual growth rate of home prices rose just 5.13% - the slowest since since Aug 2015. San Francisco and San Diego showed the weakest growth of the 20-City composite while Portland and Seattle rose the most MoM, and Atlanta and Chicago saw the largest declines in price MoM.

Wake Up America - It's Time To Eliminate The 'Pusher'

Central banks can only do one thing, and that's provide monetary welfare for the wealthy. Wake up, America. The only way to stop widening wealth and income inequality and kick your smack addiction is to eliminate the pusher.

"The Americans Give Us Nothing": France Effectively Kills TTIP, Calls For End To Negotiations

The French trade minister on Tuesday called for an end to trade negotiations between the European Union and the U.S., the firmest sign yet of opposition in Europe to what would be the most ambitious trade deal in decades. Matthias Fekl said on French radio that “France no longer politically supports these negotiations,” adding that “The Americans are giving us nothing. This is not how allies should be negotiating.”

Germans "Lose Faith In Banks", Rush To Buy Safes

First Japan, now German savers are leaving the "security" of savings banks for the true safety of paper cash parked inside home safes, where the central bank's negative rates can never reach. As a result safes across Germany are selling out as German savers finally "lose faith in banks."