Hong Kong Housing Bubble Suffers Spectacular Collapse: Sales Plunge Most On Record, Prices Crash

Hong Kong home prices tumbled the most since July 2013, and after a 12 year upcycle, prices are now down a whopping 10% from the recent peak four short months ago. But not only has the Hong Kong housing bubble burst, it has done so in spectacular fashion: as quoted by the SCMP, the local Centaline Property Agency estimates that total Hong Kong property transactions in January were on track to register the worst month since 1991, when it started compiling monthly figures. In other words, the biggest drop in recorded history!

Even Goldman Has Bailed On Bush

"The money he raised early was largely in order to give him the chance to blow the others away early, which we know he did not do..."

The Democracy Of The Billionaires

Speaking of the need for citizen participation in our national politics in his final State of the Union address, President Obama said, “Our brand of democracy is hard.” A more accurate characterization might have been: “Our brand of democracy is cold hard cash.” Cash, mountains of it, is increasingly the necessary tool for presidential candidates. Several Powerball jackpots could already be fueled from the billions of dollars in contributions in play in election 2016. When considering the present donation season, however, the devil lies in the details, which is why the details follow.

"Prospects For Social Disintegration Are Huge" As Wave Of Oil Refugees Looms

Today’s plunging oil prices will benefit a few. Motorists, once again, will be happy; but the pain will be earth-shaking for many others. Never mind the inevitable turmoil in global financial markets or the collapse of shale-oil production in the United States and what it implies for energy independence. The real risk lies in countries that are heavily dependent on oil. As in the old Soviet Union, the prospects for social disintegration are huge. Europe is already struggling to accommodate refugees from the Middle East and Africa, imagine what would happen if they imploded and their disenfranchised, angry, and impoverished residents all started moving north.

"They Want Us Dead & Gone" - Homelessness Surges Across The US

While federal, state and local programs aimed at securing permanent housing for certain groups, such as veterans and the chronically homeless, have helped bring down the number of homeless people nationally, but amid Federal-Reserve-"wealth"-fueled gentrification, WSJ reports many cities are seeing the number of homeless soar. In New York, the homeless population increased nearly 42% to 75,323 from 53,187 and though the roots of the clashes vary, a common theme runs through many: The conflict between established homeless populations and new residents drawn by redevelopment.

How To Beat The Market: One Surprisingly Simple Trade

Today, none other than Bank of America's chief equity quant Savita Subramanian throws in the towel and admits that the best trade over the past several years has been precisely what we suggested several years ago: do the opposite of what the crowd does.

Total U.S. Debt Surpasses $19 Trillion; Rises $8.4 Trillion Under President Obama

Two months ago, when we calculated that the US would need a new debt ceiling of $19.6 trillion to last until after Obama's tenure, we may have been overoptimistic: since the hard limit of $18.15 trillion which was raised at the end of October, the US appears to be growing its debt at a far faster pace than we had originally expected, and according to the latest public debt data, as of the last day of January, total US debt just hit 19,012,827,698,417.93.

"Sex Attacks And Fascism Are Not The New Swedish Norm:" A First-Hand Account From Sweden

"On Friday night, newspapers, radio stations and television networks all over the world reported on a group of masked far-right demonstrators who appeared to be reacting to this presumed state of chaos. They beat up non-Swedes and vowed to give foreign teenagers living on the streets around Stockholm Central Station the “punishment they deserve”. So did I feel scared arriving back in the Swedish capital? Absolutely not."

Ron Insana Kindly Requests The Fed Lower Rates To Negative To Help His Virtual Portfolio

"The Fed should, given recent events, simply admit its error of pre-emptively raising rates before both its employment and inflation mandates had been met, and reduce the Federal Funds rate back to zero, pending further improvements in the economy. Certainly, the Federal Reserve risks its credibility by admitting an error, but that is a far better outcome than risking recession by not doing so"