As many as four gunmen fired automatic weapons against the Dallas Police headquarters, and that at least at least two pipe bombs were found outside the police headquarters after the initial shooting. At least one attacker opened fire on Dallas' police headquarters early Saturday, riddling windows and police cars with bullets before fleeing in a van to a suburban restaurant parking lot, where officers surrounded the vehicle in a standoff that has lasted for hours, CNN reports.
Keynesian policy of manipulating economic “aggregates” through countercyclical macro-measures appeared to work when balance sheets were not stretched to the brink. The glaringly obvious result of such policies, gross capital consumption through malinvestments epitomized through a serial bubble economy, did not discourage our money masters. The best and brightest even suggest bubbles are the only remedy to what they believe is some sort of secular stagnation. Just as drugs, the abuser must increase the dosage to feel the same high and spend accordingly.
No follow through dollar buying against euro, yen and sterling after data showing US economyis recovering from weak Q1. What is happening? What is the outlook?
Welcome to the Recovery! Food banks across the US state of New York are running out of food (37% of food pantries say they have had to turn away needy people because they ran out of food), amid falling funds and rising demand from people that have trouble affording food. About 2.6 million people have trouble affording food across New York with about 1.4 million New York City residents relying on food pantries to feed themselves, according to the Food Bank For New York City. But as PressTV reports, contrary to the belief that people visiting food pantries are homeless and jobless, most customers are employed, but are not paid enough money to put food on the table without help.
Ten years ago this week, Alan Greenspan made his infamous comment about signs of 'froth' in the housing market. A decade later, CNNMoney's Cristina Alesci sat down with the Former Federal Reserve Chairman and got his perspective on real estate. It's stuck in a rut, or as he puts it, "we haven't come out of the bottom [of the housing collapse], we are in a secular stagnation."
While we are now well aware of the unpatriotic-ness of tax inversions, Goldman Sachs raises the red flag on another corporate action that is about to become highly politicized - share buybacks. The last (and only) pillar of buying left in the US equity markets is set to draw political attention and likely to gain prominence, particularly ahead of the 2016 election.
Homeownership rates for young adults in America are projected to decline steadily through at least 2030, a study shows. Contributing factors are low wage growth, shifting demographics, and of course, student debt.
If there were a robust jobs expansion starting early last year, then it must be considered more than somewhat suspect this year so far. Nonconformity in hires, quits and now layoffs call further into question both openings and the overall employment narrative, not the least of which traces back to the fact that they all share the same benchmark and subjective biases.
For those concerned if their city is among the top most frequented by this particular, and very unpleasant, breed of "zombies", here are the top 50 cities in the US in which zombie foreclosures represent the highest percentage of all properties in foreclosure. For those readers certainly located among the Top 10, now may be a great time to hit a bid, any bid and get out while the getting is good.
Are we QE'd out??? It was supposed to be about the quality of growth,not helping the oligarchy protect their collective arses
As we noted in Part 1, this central bank fueled boom will ultimately be paid for in the form of a prolonged deflationary contraction. On the morning after, of course, it will be asked why the central banks were permitted to engineer this fantastic financial and economic bubble. The short answer is that it was done so that monetary central planners could smooth and optimize the business cycle and save world capitalism from its purported tendency toward instability, underperformance and depressionary collapse. In Part 2, the whole case for this sweeping and unprecedented Keynesian demand management by the monetary authorities was a crock. Accordingly, the days of the Warren Buffet economy are indeed numbered.
“I’ve never seen a customer base or an economy like this..."
Saying there were no other options remaining and that continued intervention would only prolong the nation’s suffering, experts concluded Tuesday that the best course of action is to keep the United States as comfortable as possible until the end. “At a time like this, it’s completely understandable to wish for some kind of 11th-hour miracle, but expecting the U.S. to somehow magically return to the way it was in its prime isn’t healthy or realistic.”
Amid slumping export growth and the second-largest MERS outbreak on record, the Bank of Korea overnight cut its benchmark policy rate by 25bps to 1.5%, a record low.