America

One of the recurring refrains about the New Normal housing market is that just because median and/or average home prices have failed to match the astronomic increases in prices seen in the 2004-2007 period, that it the current bubble is far less concerning. And to an extent that is true: the reason why asking rents have been soaring in recent years is because for most of the US middle class, owning a home is now impossible, so the only option is rent.

Saudi Arabia have issued a scathing attack on the U.S. government, accusing them of orchestrating the 9/11 attacks in order to justify an on-going “war on terror” in the Middle East.  The Saudi press have hit back at the U.S. Senate’s vote approving a bill that allows the families of 9/11 victims to sue the Saudi regime for their deaths. Al-Hayat daily newspaper published an article this week saying that the U.S. government planned the attacks on the World Trade Center in order to create a fake war on terror.

Submitted by Mike Krieger via Liberty Blitzkrtieg blog,

In a February post titled, It’s Not Just the GOP – The Democratic Party is Also Imploding, I noted the following: 

Submitted by Tony Sagami via MauldinEconomics.com,

It looks like the SEC is finally ready to put a stop to accounting shenanigans.

The Securities and Exchange Commission is finally going to do its job and put a stop to the accounting hanky-panky that artificially inflates profits.

Reader KD writes:

If I had to diagnose the difference between “Conservatives” versus the “Alt-Right” set, your Conservative grows up in an intact nuclear family and attends church on a weekly basis in a community that is relatively ethnically homogeneous. Think Salt Lake City or small-town Kansas.