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. […]
doctorhousingbubble.com / by Dr. Housing Bubble / 22 Nov, 2014
People look at population growth in California and see nothing that stands out. Digging into the numbers you find some interesting figures. First, the main reason California is actually growing is because of international migration. California for well over a decade is losing domestic […]
doctorhousingbubble.com / Dr. Housing Bubble / November 18th, 2014
The Housing Affordability Index (HAI) is once again flashing red for California. Los Angeles and Orange counties are two of the most expensive markets to rent relative to what people earn in the area. The The HAI is showing that once again, California is incredibly overpriced. […]
zerohedge.com / by Tyler Durden on 11/17/2014 13:07
Dear California readers: if you drank tapwater this morning (or at any point in the past few weeks/months), you may be in luck as you no longer need to buy oil to lubricate your engine: just use your blood, and think of the cost-savings. That’s the […]
thedailysheeple.com / Melissa Melton / November 17th, 2014
Congress, for those of you who haven’t heard, pretty much sucks.
This meme is currently making it’s way around the Internet:
Again. Congress sucks. They have a toilet-flushworthy approval rating. Yeah. That’s an adjective I just made up to be able to fully illustrate the fact […]
zerohedge.com / by Tyler Durden on 11/11/2014 13:35
While no US Federal Agency sees fit to monitor ocean radioactivity in coastal waters, the Woods Hole Oceanographic Institute (WHOI) has taken on the task of keeping the information flowing in a world of ‘promises’ that everything will be ok. As WHOI reports this week, scientists […]
shtfplan.com / Mac Slavo / November 4th, 2014
NASA’s Jet Propulsion Laboratory has sounded a stark warning over California’s sustained drought, publishing its latest findings where satellite surveys show a rapidly depleting groundwater supply.
And with California as the United States’ most valuable agricultural state, and thus key to America’s food supply (and much […]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Nov 3, 2014
There are 166 tax increase proposals on the ballot in California. 118 of them are bond proposals. It matters little what the proposals are for.
Forget about any claim, “it’s for the kids”. Politicians have a way of doing whatever they want with the money once […]
sovereignman.com / By Simon Black / October 31, 2014
John Anderson, an American tourist from San Clemente, California, was driving down a poorly-maintained highway when he saw flashing lights in his rearview mirror.
After a brief exchange with the local police officer, Anderson was shocked when the cop started searching his vehicle.
Anderson had […]
zerohedge.com / by Tyler Durden / 10/28/2014 09:36 -0400
For those living in Cleveland, where home prices rose a tiny 0.8% compared to last year (a number which is sliding every month), the latest dead housing cat bounce is almost over, and with the release of the September, or at the latest, October numbers, expect […]
zerohedge.com / by Tyler Durden / 10/28/2014 09:19 -0400
Following misses in yesterday’s Markit Service PMI, Existing Home Sales and the Dallas Fed report, and today’s Durable Goods numbers, we just made it a pentafecta for misses in US econ data, when the just released August Case-Shiller data for August confirmed once again that US […]
zerohedge.com / by Tyler Durden on 10/23/2014 18:15
“If there’s no water for people to live, and you don’t have the basic necessities of life, your population is going to leave,” warns the emergency services manager of one California town, warning that as the drought continues (and is not set to ease anytime soon), “you […]
armstrongeconomics.com / by Martin Armstrong / October 22, 2014
The legal system in the United States is becoming so corrupt, this is exactly as Edward Gibbon wrote about the collapse of the rule of law in Rome.
Edward Gibbon wrote of him: Each
“distinction of every kind soon became criminal. The possession of wealth […]
thedailysheeple.com / Joshua Krause / October 20th, 2014
Nestled in the mountains of California, is the infamous tourist destination of Bodie. Once a thriving gold mining town, it is now an empty shell of its former self. As soon as the gold depleted in the early 20th century, the town faced decades of decline that […]
thedailysheeple.com / Joshua Krause / October 20th, 2014
Nestled in the mountains of California, is the infamous tourist destination of Bodie. Once a thriving gold mining town, it is now an empty shell of its former self. As soon as the gold depleted in the early 20th century, the town faced decades of decline […]
zerohedge.com / by Erico Tavares via Sinclair & Co on 10/18/2014 11:33
Richard Feynman on the Social Sciences
What do real scientists have to say about sciences that are not so real?
Born in 1918, Richard Feynman was an American theoretical physicist known for his work in a variety of fields where he made […]
zerohedge.com / by Tyler Durden / 10/17/2014 08:26 -0400
Just wehn you thought it was safe to shower again, NOAA issues their US seasonal drought outlook and crushes dreams of wetter winter helping Californians. Hopes for heavy rain from El Nino will not be enough to change the drought situation for 60% of Californians, as […]
libertyblitzkrieg.com / Michael Krieger / Oct 16, 2014
The city, population 57,600, projects that about 150 older homes—53 percent more than normal—will be torn down this year and replaced with mansions. The deals happen fast and are rarely listed publicly. Often, the first indication that a megahouse is coming next door is when the lawn […]
lewrockwell.com / By Jack Perry / October 13, 2014
As every devout student of history knows, dictators have always built “personality cults” around themselves to the point of virtual deification. Josef Stalin was a famous example of this with photos, paintings, statues, and depictions of him sprinkled across the USSR like black pepper upon […]
zerohedge.com / by Bill Gross at Janus Capital on 10/10/2014 12:37
Dancing, or better yet as the beginning of my Investment Outlook suggests, being asked to dance, seems to have become an important part of my life over the past month or so. Having first been asked by my wonderful wife, Sue, and […]