Business

In what some have called a “watershed” moment for bitcoin, Bloomberg reports that a company co-owned by an aide to Russian President Vladimir Putin is seeking to expand Russia’s bitcoin-mining industry, leveraging Russia's cheap energy to rival China as the world’s largest mining market.

The company, known as Russian Miner Coin, or RMC, is seeking to raise $100 million in an initial coin offering, promising buyers a right to 18% of the company’s mining revenue, according to a presentation cited by Bloomberg.

After a temporary dip in 2016, prices for expensive Manhattan and Brooklyn real estate seems to be on the rise yet again.  But no matter how quickly the bubble re-inflates, it can't seem to keep up with the perpetually positive outlook of New York's home sellers. 

As Bloomberg points out today, despite a rise in prices YoY, 25% of homes sold in 2Q still experienced a price cut at closing versus their original listing prices.  Moreover, as much as 40-60% of the homes sold in the more trendy neighborhoods are seeing price cuts.

We first introduced readers to the Dallas Police and Fire Pension (DPFP) crisis last summer in a post entitled "Dallas Cops' Pension Fund Nears Insolvency In Wake Of Shady Real Estate Deals, FBI Raid."  For those who have managed to avoid this particular storyline for the past 15 months, here is a brief recap of how it all started from our original post on the topic:

Once Janet Yellen's favorite indicator (until it started to turn down, and became just "experimental"), The Fed's Labor Market Conditions Index (a 19-factor smoothed model that has historically correlated extremely well to recession) has been abandoned because The Fed "believes it no longer provides a good summary of changes in the US labor market."

The Fed writes...

As of August 3, 2017, updates to the labor market conditions index (LMCI) have been discontinued.

 

By the SRSrocco Report,

To all the precious metals, resource and alternative media followers and investors.... something BIG is about to change in our community.  This change will have a very powerful and positive impact on the Alternative Media Community, while at the same time, disrupting the control by the mainstream media.

So what is this BIG CHANGE?  Let me say it in just three words.... CDX IS COMING.