Even the upper middle class loses share of household wealth to the 1%. The bottom half gets screwed.
After peak negative-yield-absurdity in August, bond prices fell – the “bond bloodbath” – and the mountain of bonds with negative yields has plunged by $5 Trillion, or by 30%, despite rate cuts.
Paying the University-Corporate-Financial Complex and the big bifurcation.
The fastest increase in assets for any two-month period since the post-Lehman freak show in late 2008 and early 2009.
Sales are declining again, after having risen for years. Wholesale prices slip year-over-year for first time in 33 months. But “cars” still dominate “trucks.”
It’s not always in the states with the highest home prices.
Whose Bets are Getting Bailed Out by the Fed’s Repos & T-Bill Purchases?
It happened. Hallelujah. Or maybe better: Watch Out! Yield Curve Spaghetti.
“I do believe that in North America it is a cyclical downturn”: Cummins COO.
“Sell first, ask questions later.”