Real estate

Investors Are Ignoring The Evidence At Their Peril

"Exuberance and confidence are at the highest levels on record, but the underlying stories are beginning to weave a tale of an economy that is very late in the current cycle... Importantly, these are not short-term stories either. The long-term picture for the economy and the markets from the three biggest factors (Debt, Deflation, and Demographics) continues to build."

Chris Hedges: Elites "Have No Credibility Left"

"...commercial broadcast networks, like CNN and MSNBC, are not in the business of journalism. They hardly do any. Their celebrity correspondents are courtiers to the elite...They sacrifice journalism and truth for ratings and profit... they've embraced identity politics. We saw where that got us with Barack Obama, which is worse than nowhere..."

More Bad News For Autos: Wells Fargo Car Loan Originations Crash To All Time Low

While Wells Fargo's earnings report was disappointing, missing on revenue and reporting another decline in overall loan growth, it contained another flashing red light: auto loan originations crashed 47% Y/Y to only $4.3 billion, the lowest print since the bank started disclosing this item back in 2013.