The information technology sector accounts for 60% of the increase in S&P 500 profit margins over the past 20 years. Meanwhile firms ex tech, healthcare and consumer discretionary, have seen zero margin expansion this century.
California’s real estate market could be in the beginning stages of a correction to fair value, after nearly a decade of speculation forced much of the median-priced single-family homes out of reach of the middle class...
"Oligarchs in all nations have sold their countries out in favor of an 'Elysium' style society on earth... where the only words for a citizen are conformity, obedience, and productivity: a planetary 'Gulag' broken down into several regions for administrative purposes and where each region is mutually self-supportive..."
Despite headlines that the biggest coffee chain in the world will soon begin accepting Bitcoin, the crypto space is under pressure this morning (led by Bitcoin) following comments from Goldman Sachs that "further declines" are expected.
"In the end, expect India and Turkey to mostly get their way in the coming months on energy and defense policy. They both understand that Trump is simply trying to manage the retreat of the U.S. empire from Eurasia as best as he can..."
Erdogan has lost his parliamentary majority and must now establish a coalition with the far-right Nationalist Action Party; given the latter is anti-Western, the road ahead points in only one direction: Eurasian integration
That 5.1% year-over-year increase isn’t setting any records – in 2011, year-over-year increases ran over 11%. But it does show that Americans are dealing with the economy and their joys and woes the American way: by piling on debt faster than the overall economy is growing.
We are now right back to where we were before the War of Independence, except the tax rate and the size of government has increased an order of magnitude compared to that of 1775. The ancient Divine Right of Kings is very much alive and well today.