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Broken Employment

``Despite the unemployment rate falling well-below 5%, there isn't the first sign of wage acceleration in nominal terms. That has left real wages to the whims of oil prices, first as their biggest boost in years as oil prices, like early 2009, collapsed and now on the wrong end of them as they partially rebound. Show More Summary

Trump Has To Pay For Tax Cuts -- But Will He Touch Real Estate Give-Aways?

"Trump said he knows where the loopholes are, but so far he hasn't proposed closing any of them," Mr. Rosenthal said. "Maybe he will. But so far he hasn't made any of the hard decisions that would show he's willing to close the loopholes that benefit him in order to make the tax code more fair and efficient."... Show More Summary

Telling the truth: The looming pension-pocalypse

``Here are a few specifics that neither our elected officials, nor their ‘licensed' academics, nor their pet scribblers in media outlets like the NYT, the WaPo, or the FT have been terribly keen on admitting...''

Outsiders "Storm Bastille" in France: Macron and Le Pen Take Lead (Respectively); Will Face-Off

The storming of the Bastille in 1789 sets the bar high. As a result, few phrases should be used with more circumspection than "French revolution". But the result of the first round of France's 2017 presidential election is an epochal political upheaval for France all the same. Show More Summary

Michigan Taxpayers To Get Slapped With An $8.2+ Billion Stealth Tax Increase

Congressional GOP Leaders Want To Slap Michigan Taxpayers With An $8.2+ Billion Stealth Tax Increase

Doug Noland: Liquidity Supernova and the Big Ugly Flaw

``There's no cure for major asset Bubbles other than unwinds. Once asset inflation becomes the prevailing inflationary manifestation it becomes impossible to inflate away the problem. Instead, central bank efforts to spur general inflation only exacerbate Bubbles and maladjustment. Show More Summary

How The French Election Will Change Mortgage Rates

France's exit from the EU, or "Frexit", could spur financial turmoil and lower mortgage rates. The French election could be the first step in that process.

Mortgage Rates take a dip

Freddie Mac’s PMMS (Prime Market Mortgage Survey) this week headlines “Mortgage Rates Tumble Below 4 Percent“. This is great news for home owners who have been waiting to refinance. According to the PMMS: “The 30-year mortgage rate fell 11 basis points this week to 3.97 percent, dropping below the psychologically-important 4 percent level for the […]

You Are Not An Investor

You are not an investor. One can only be an investor in functioning markets. There have been no functioning markets since at least 2008, and probably much longer. That's when central banks started purchasing financial assets, for real, which means that is also the point when price discovery died. Show More Summary

This expert thinks Donald Trump will fold on the government shutdown

``... there is a decent (probably 60%) chance of a shutdown at some point over [Fiscal Year 2017] funding given that Trump will likely get next-to-nothing of what he proposed. / Cillizza: How much did the calculus change when Trump made...Show More Summary

Weekend Reading: Move Over UBI - The "Guaranteed Job" Solves A Lot More Problems

With full employment, the capitalists lose their leverage to depress workers' wages and must give up more profits. But, more than that, when it comes to running endeavors that are ostensibly "theirs," the capitalists are forced to bargain with and bend to the will of workers "below" them. Show More Summary

Analyst Who Predicted Trump's Ascendancy Bets on Le Pen Win

"The market is talking about the nightmare scenario but it's not pricing it in" said Mark Tinker, head of AXA Framlington Asia. Tinker's a GaveKal client, and admirer of Gave's tail-risk warnings over the past year. "After Sunday, we...Show More Summary

Paul Tudor Jones Says U.S. Stocks Should ‘Terrify' Janet Yellen

The legendary macro trader says that years of low interest rates have bloated stock valuations to a level not seen since 2000, right before the Nasdaq tumbled 75 percent over two-plus years. That measure -- the value of the stock market relative to the size of the economy -- should be "terrifying" to a central banker... Show More Summary

Desperate Malls Turn to Concerts and Food Trucks

With customer traffic sagging, U.S. retail landlords are using their sprawling concrete lots to host events such as carnivals, concerts and food-truck festivals. They're aiming to lure visitors with experiences that can't be replicated online -- and then get them inside the properties to spend some money....The idea is gaining traction. Show More Summary

Mortgage Rates Today, April 21, 2017, Plus Lock Recommendations

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bondes price drop and rates increase. When the economy pulls back, interest rates tend to fall.

Retail death spiral: Bebe to go Bye-bye

``Struggling apparel retailer Bebe Stores Inc said on Friday it would close all its stores by the end of May, barely a month after announcing it was exploring strategic alternatives following four years of losses. The company, which had 180 stores at the end of 2016, also plans to liquidate all merchandise and fixtures within the stores, it said in a regulatory filing.''

Only China Can "Fix" Venezuela

``President Maduro is asking for aid from the U.N. But he should instead turn to a more proximate cause of his problems. China should take responsibility by immediately airlifting $80 billion in food and other emergency aid to its destitute and misled ally. Show More Summary

Renters Reconsider Waiting To Buy As Home Sales Hit 122-Month Best

Home supply is tight, but persistent buyers pushed existing home sales to a 10-year best in March. Is it time to start your home search?

Ocwen Sued, Shut Down in Multiple States

There are bad days, and worse days, and there are days like Ocwen Financial Corporation (OFC) had on Thursday. The company was not only sued on multiple grounds by both the Consumer Financial Protection Bureau (CFPB) and the State of...Show More Summary

The evidence is piling up -- Silicon Valley is being destroyed

``$120 million in venture funding from Google Ventures and Kleiner Perkins, for a juicer? And the founder, Doug Evans, calling himself himself Steve Jobs "in his pursuit of juicing perfection?" And how is Theranos's Elizabeth Holmes walking around freely?... Show More Summary

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