If there is one chart that most clearly captures the unsustainable US home price appreciation bubble, it is the following which was released overnight from RealtyTrac: home price appreciation nationwide has outpaced wage growth by a 13:1 ratio!
"The planet has been our best friend by buffering our actions and showing its resilience, but for the first time ever," warns Swedish environmental professor Johan Rockstrom, "we might shift the planet from friend to foe." As RT notes, Rockstrom explains there are nine "planetary boundaries" in a new paper published in Science – and human beings have already crossed four of them... Where's Matthew McConaughey when we need him?
Fraud grows in good times because rescission is rarely sought (or granted) when asset values rise. Fraud is not a problem, till it is.
"As a society, we’ve become increasingly obsessed with youth, materialism, power and short-termism, tossing aside wisdom, real joy, soulfulness and connectivity. One of the symptoms of this unfortunate transformation can been seen in how we treat the least fortunate and most vulnerable around us, particularly the homeless."
The percentage of homeowners underwater in the US was flat from Q3 to Q4 which doesn’t sound all that terrible until you consider that this figure had fallen for 10 consecutive quarters. Things look particularly bad in Florida and the midwest where more than 25% of borrowers are sitting in a negative equity position. A new report from Zillow says negative equity will become a permanent fixture in the housing market.
"It would be transformative if everybody voted," Obama said during a town hall event in Cleveland, Ohio. "That would counteract (campaign) money more than anything. If everybody voted, then it would completely change the political map in this country." Obama also added that the people who tend not to vote are "young, they're lower income, they're skewed more heavily toward immigrant groups and minorities ... There's a reason why some folks try to keep them away from the polls."
Documented Corruption In Law Enforcement
"See No Evil?" - Meet Jason Villalba: The Texas Rep. Who Wants To Criminalize Citizens Filming PoliceSubmitted by Tyler Durden on 03/16/2015 23:00 -0400
“Don’t mess with Texas.” Unless of course you are a thieving, violent cop; in which case Jason Villalba wants to make it open season on citizens by denying them their First Amendment rights.
The American Empire has been long in the making. A green light was given in 1990 to finalize that goal. Dramatic events occurred that year that allowed the promoters of the American Empire to cheer. It also ushered in the current 25-year war to solidify the power necessary to manage a world empire. The day will come when we will be forced to give up our role as world policeman and resort to using a little common sense and come home. This will only occur when the American people realize that our presence around the world and the maintenance of our empire has nothing to do with defending our Constitution, preserving our liberties, or fulfilling some imaginary obligation on our part to use force to spread American exceptionalism. A thorough look at our economic conditions, our pending bankruptcy, our veterans hospitals, and how we’re viewed in the world by most other nations, will compel Americans to see things differently and insist that we bring our troops home – the sooner the better.
When things are this obviously crazy, anything is possible.
Must Have Been Wearing Tinfoil Hats ... And Living In Their Mom's Basement
As part of Obama's most reent push to change the bankruptcy law and promote legislation that facilitates the reduction or outright forgiveness of student debt, the White House provided a full state-by-state breakdown of where the 43.2 million borrowers on the hook for some $1.135 trillion in student loans. Here are the results...
Police Killings Grossly Underreported
"There’s Going To Be Chaos" - What Is The Worst-Case Outcome Of Today's Supreme Court Obamacare HearingSubmitted by Tyler Durden on 03/04/2015 21:18 -0400
Today, for the second time since 2012, the fate of Obamacare lies in the hands of the Supreme Court, and like last time, it will likely be all about Justice John Roberts ' decision. Later today, the US Supreme Court will hear oral arguments in the case of King v. Burwell, the latest challenge to Obamacare, and one that could potentially leave it gutted from an unexpected direction. As a result, nearly eight million Americans could lose their health insurance depending on how the Supreme Court interprets four words in the "Affordable" Care Act.
One person who was obviously delighted by the latest Clinton scandal is her main Republican competitors, Jeb Bush, whose camp on Monday was quick to pounce on the email scandal, while also invoking the farcical IRS Lois Lerner "excuse" that emails were lost due to failed hard drives: "Hillary Clinton should release her emails. Hopefully she hasn’t already destroyed them,” Bush spokeswoman Kristy Campbell said. But while one could ascribe victory to the Florida republican in this latest scrimish, the real victor of this spat between the so-called "left" and "right" is the firm that stand to benefit no matter who wins: Goldman Sachs.