US Home Sales Collapse
Dave Kranzler provides accurate information, unlike the propaganda originating in the financial sector, that home sales are collapsing.
http://investmentresearchdynamics.com/existing-home-sales-tank-this-summer-fact-vs-fiction/
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After sliding to 3 month lows on "car cartel" concerns yesterday, European stocks have rebounded after three days of declines, while oil extended gains after Saudi export cuts, with Brent rising above $49 and WTI just shy of $47. Asian stocks fell while S&P futures rose 0.2% to 2,473, putting yesterday's GOOGL drop on plunging Costs-Per-Click in the rearview mirror.
With stocks at record highs, seemingly proving that everything must be awesome in the world, Chris Watling, chief executive of Longview Economics, shocked CNBC on Friday by reminding them that "this is undoubtedly the lowest quality economic recovery we have seen globally... full stop."
The reason is simple, Watling continued,
"the economic model is deeply flawed and the system in the west is deeply flawed, particularly in the English speaking part of the world and it needs to change."
Authored by Shaun Bradley via TheAntiMedia.org,
Visa recently announced its new Cashless Challenge program, which offers $10,000 to restaurants willing to transition into accepting only digital payments. As the largest credit card processor in the U.S., it’s no surprise Visa is spearheading this campaign.
When the chief of a country's biggest stock exchange is warning that the central bank is buying too many equities, then you know you have a problem. Japan Exchange Group Inc. Chief Executive Officer Akira Kiyota has become the latest member of Japan’s financial establishment to publicly criticize the BOJ for its longrunning ETF buying program, according to Bloomberg.