recovery

China Shows Off Aircraft Carrier Drills, To Sail Into Contested South China Sea

China's military showed off on Saturday its first aircraft carrier group conducting a series of previously unannounced fighter launch, recovery and air combat exercises in the Yellow Sea. Additionally, the defense ministry hinted that the group "will conduct scheduled cross-sea training and tests", wording that has prompted speculation that the warships would next sail to the contested South China Sea.

In His Latest Letter, Odey Refuses To Throw In The Towel

With his fund down ~50%  YTD, one wonders if Crispin Odey should be thinking about quietly exiting stage left after a long and mostly illustrious career. However, as his latest letter suggests, Odey is just getting his second, or maybe third, wind and is confident that he will ultimately win the war against central bankers.

Dave Collum's 2016 Year In Review - "And Then Things Got Really Weird..."

"Markets don’t have a purpose any more - they just reflect whatever central planners want them to. Why wouldn’t it lead to the biggest collapse? My strategy doesn’t require that I’m right about the likelihood of that scenario. Logic dictates to me that it’s inevitable..."

'Mutiny' Or 'Acceptance'? Democrats Ask "Was Barack Obama Bad For Democrats?"

Is this a full-blown mutiny? Or did Democrats just reach the fifth stage of grief - "acceptance"? In a NYTimes op-ed, they begin by claiming that "President Obama will be remembered as a thoughtful and dignified president, but admit his legacy regrettably includes the more than 1,000 Democrats who lost their elections during his two terms. Republicans now have total control in half of America’s states...Why such political carnage?"

New Home Sales Jump Ahead Of Mortgage Rate Spike Led My Midwest Surge

Soaring homebuilder confidence, crashing mortgage applications, spiking mortgage rates, weak pending home sales, strong existing home sales, and now new home sales for November surged 5.2% MoM (smashing expectation of a 2.1% rise). Take your pick of the US housing 'recovery' narrative.

Federal Reserve Initiates End Game As Trump Heads To White House

The election of Donald Trump was inevitable and would precede the triggering of the final stage of our ongoing economic crisis. The Fed’s timing of their latest rate hike is highly strategic, not only setting the stage for a series of hikes that will crush U.S. stock markets this coming year and finally shock the public out of their fiscal stupor, but it also maneuvers the crisis right into the lap of Donald Trump and the conservative movements that support him.

Something Wicked This Way Comes

"The narrative about an improving economy, thriving jobs market, and glorious future is bullshit. I know it. You know it. And your establishment puppeteers know it. But only “fake news” sites would dare reveal these inconvenient truths."

Italy Proves That Banks Are Not The Risk-Free Fantasy We're Told To Believe

We’ve been programmed to sign over our life’s savings to a complete stranger simply because the government says it’s OK. That same government has lied to us about everything else imaginable, ranging from the existence of Weapons of Mass Destruction to whether or not he had “sexual relations with that woman.” Yet this government-sanctioned trust is routinely abused.

Home Affordability Drops To 8-Year Lows As Mortgage Rates Surge

"Rapid home price appreciation and tepid wage growth have combined to erode home affordability during this housing recovery, and the recent uptick in mortgage rates only accelerated that trend in the fourth quarter,” said RealtyTrac's Daren Blomquist: "The prospect of further interest rate hikes in 2017 will likely cause further deterioration of home affordability next year."