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An Often Overlooked Predator: State Governments and Income Taxes

news.goldseek.com / By Nick Giambruno / 30 January 2015

International Man is all about making the most of your personal freedom and financial opportunity around the world. To do this, by definition, you must minimize the amount of money any government takes from you.

Unlike every other country in the world, the US successfully […]

“Oil Capital of California” Declares Fiscal Emergency

wolfstreet.com / by Wolf Richter / January 29, 2015

Oil, pensions, and a new jail sink Kern County.

Crude oil plunged 4% on Wednesday, with West Texas Intermediate now at a new multiyear low of $44.36 per barrel. Consumers love the cheaper gasoline, and they’re saving their money, and some of them are shifting it […]

Crude Contagion: California’s Kern County Declares Fiscal Emergency Due To Plunging Oil Price

zerohedge.com / by Tyler Durden on 01/28/2015 20:31

At this point only an act of god, or a sudden Saudi change of heart to cut crude production by 50% (unclear which is more probable) can prevent a recession in Texas. However, one state that few thought would be impaired as a result of the […]

Ocwen Is Ocdaed: Mortgage Servicer Crashes After California Seeks To Suspend Its Mortgage License

zerohedge.com / by Tyler Durden / 01/13/2015 09:58

A little over a year ago, Ocwen was the darling of hedge funds everywhere, with such luminaries as Steve Eisman pitching it at the Ira Sohn 2013 idea conference. Since then things went downhill and fast for the mortgage servicer, which after being branded “the “Next […]

Where did the real estate agents go? California has lost nearly 90,000 active real estate agents since 2008. New licenses are picking up even though sales volume is not.

doctorhousingbubble.com / Dr. Housing Bubble / January 11th, 2015

Real estate agents and brokers make a large portion of their income once a sale is completed. Escrow closes and the nice healthy commission is dished out. During the heyday of the housing bubble we had over 260,000 active real estate agents in California. Today it […]

Debt Rattle January 5 2015

theautomaticearth.com / by Raúl Ilargi Meijer / January 5, 2015

“It’s hard to imagine how anyone can survive at 50% of the poverty level. As of 2013, that corresponded to $9,384 a year for a family of three. [..] more than 7 million people were living below it.

• Being Poor Is Getting Scarier […]

5.1 Quake off the Californian Coast

thedailysheeple.com / Chris Carrington / January 2nd, 2015

No injuries have so far been reported after a 5.1 earthquake hit the Northern Californian coast 70 miles west of Ferndale. According to the United States Geological Survey website, the quake struck at 0416 this morning Pacific time.

The largest earthquake to hit California was a […]

“Happy” Holidays From Jim Grant

zerohedge.com / by Tyler Durden

Having previously reduced the world’s predicament to two short paragraphs, Jim Grant has outdone himself with this holiday card this year…

READ MORE

“Off The Grid” Economic Indicators – Q4 2014

zerohedge.com / By Nick Colas via ConvergEx / 12/23/2014 12:07

Drones are “In”; laptops are “out”. Demand for pickup trucks, guns, and used cars are all still hot, but food stamp participation is climbing once again. Sales of gold and silver coins remain weak, but the same goes for U.S. equity mutual funds. And […]

Cramming into small homes in Southern California: Take a look at this 480 square foot property in Highland Park.

doctorhousingbubble.com / Dr. Housing Bubble / December 22nd, 2014

The latest sales figures for California show a market that is hitting a stalemate. Sales are dropping and many sellers have pulled properties off the market hoping that spring will bring better days. People run 30 year projections of perfect stability but think of what has […]

Housing Bubble 2: California November Home Sales Plunge to Multiyear Lows

wolfstreet.com / by Wolf Richter / December 18, 2014

San Francisco is known for its mind-boggling booms and breathtaking busts as the hot money from all over the world ebbs and flows amidst startup frenzies and IPO manias.

And now the hot money is flowing. It has created a delirious craziness in the housing market, […]

California November home sales slowest since November 2007: Year-over-year sales are down 8 percent and market grinds to low volume as year closes.

doctorhousingbubble.com / Dr. Housing Bubble / December 18th, 2014

Apparently home buyers didn’t get the memo about buying California real estate. November home sales tumbled to their lowest November showing dating back to 2007. When real estate markets turn, you will always see sales volume dry up first before any price changes. We are already […]

NASA Experts: California Needs 11 Trillion Gallons to End Drought, Southwest States “Not Sharing a Drop of Water”

shtfplan.com / By Mac Slavo / December 16th, 2014

Rain has returned to California, taking pressure off of the immediate emergency of the ongoing drought via the help of several inches of recent rainfall.

But the Golden State loses about 4 trillion gallons per year, and would need roughly three times that amount to […]

Real Homes of Genius: $100k homes in Compton. Time to shop for deals in L.A. County if you don’t mind brown lawns and a touch of metal bars on the windows.

doctorhousingbubble.com / Dr. Housing Bubble / 15 Dec, 2014

Who doesn’t like a good deal when it comes to buying real estate? Since some people believe every area in L.A. County is undergoing ubiquitous gentrification I wanted to throw some good deals your way. Now some of you might balk at the city and the […]

Agent Provocateurs at Berkeley Protests? They’ve Done it Before.

21stcenturywire.com / DECEMBER 15, 2014

Reports out of Oakland, California suggest that CHP officers there could have engaged in agent provocateur instigator activity earlier this week. The accusations are based on some reports online, which we’ve detailed (see below).

We’ve seen this before at other events, most notably in London during the 2011 student protests, […]

CALIFORNIA GOVERNOR JERRY “MOONBEAM” BROWN SIGNS LAW FORCING STUDENTS TO LEARN ‘GAY HISTORY’ IN PUBLIC SCHOOLS!

overpassesforamerica.com / By November 29, 2014 / November 29, 2014

Democratic California Gov. Jerry Brown said Thursday he had signed a bill that will require public schools in the state to teach students about the contributions of lesbian, gay, bisexual and transgender Americans.

 

The bill, believed to be the first of its kind in […]

Parents angry after school tells 13-year-olds they can have sex, choose gender

Students at Acalanes High School in Northern California were given this gender identity chart in a sex ed class conducted by the local Planned Parenthood chapter.

foxnews.com / By Perry Chiaramonte / December 10, 2014

Students at one northern California high school are learning more than just the birds and the bees.

Along with […]

OPEC Decision Hits Renewables

financialsense.com / By Colin Chilcoat of Oilprice.com / 12/04/2014

Is a solar supply glut on hand? Not exactly, but oil’s multi-month slide has largely overshadowed the sector’s emergent capacity. Nowhere is that more apparent than in the state of California, where the world’s largest photovoltaic power station is now online. Still, renewables did not […]

The kids aren’t alright: A record percentage of young adults live with older Americans. The trend continues to renting.

doctorhousingbubble.com / November 30th, 2014

Higher home values for the sake of higher prices is not necessarily a good thing if future generations of Americans are being priced out of the market. There seems to be this movement that simply ignores the glaring plight of many Americans regarding stagnant incomes and the reality that […]

California Housing Market Cracks in Two, Top End Goes Crazy

wolfstreet.com / by Wolf Richter • November 26, 2014

That the housing market is seriously twisted is apparent by the mortgage conundrum: despite historically low mortgage rates of around 4% for a 30-year fixed rate mortgage, mortgage originations averaged only $357 billion per quarter so far this year, according to the New York Fed. […]