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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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…
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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. […]