"It's very concerning to see that inventory conditions not only show no signs of improving but have actually worsened in recent months from their already suppressed levels a year ago," said the NAr's Larry Yun. "While recent data from the U.S. Census Bureau (shows that household incomes rose strongly last year, home prices are still outpacing incomes."
We're surprised it took this long, but it’s finally become mainstream thinking to acknowledge that the official unemployment rate is little more than nonsensical propaganda. As the emergence of massive populist movements on both the “right” and the “left” have demonstrated, something ain’t right in the U.S. economy, and everyday people get it.
"Everybody counts," explained boxing promoter Don King to an African-American church, stating that "every white woman should cast their vote for Donald Trump." But then King took it to '11' as he raged "the system is corrupt; the system is rigged; the system is sexist; the system is racist," concluding that “we need Donald Trump to create a new system - especially black people.”
"we routinely monitor asset valuations, while nobody can know for sure what type of valuation represents a bubble, that's only something one can tell in hindsight, we are monitoring these measures of valuation and commercial real estate valuations are high."
China’s Failed Efforts to Limit Runaway Growth in Home Prices Buoyed by Cheap Credit Reflect Policies of Monetary Tightening – These Efforts, Coupled w/ A Likely Slowdown in Bank Asset Growth, We Believe, Will Undermine Key Pillars Supporting China’s Economic “Rebound” in 2H16 & Rekindle Volatility in Risky Asset Classes.
The good news for economic prosperity and freedom is that the failure of the grand experimenters next time to ignite asset price inflation early on in any incipient economic upturn might lead to their dismissal (if not effected earlier!).
Dallas police officers seem to be catching on to the fact that their pension fund is on the verge of collapse as a record number of cops are rushing to withdraw retirement funds as quickly as possible before the whole system goes bust.
If yesterday one could "explain" the overnight stock levitation due to the move higher in crude oil, today there is no such catalyst with WTI down modestly, and yet the broader push higher across European stocks and US equities has reappeared following yesterday's muted close on Wall Street ahead of key central bank data on deck.
But after 100-years of mismanagement, the last eight being in the radically extreme, the Fed has scored a big fat rotten tomato. The data still stinks – GDP’s still anemic. But the downside of their actions is downright putrid.