For months we've been warning that real estate markets in NYC and San Francisco, among others, are getting ready to rollover as the market is about to be flooded with new supply of luxury apartments (see here and here). Real estate in both markets are just starting to show signs of cracking as the apartments sales cycle is getting stretched out and pricing growth has stalled.
Industrial metals commodity prices plunged by the most since March in the last 2 days as China’s exchanges (once again) clamped down on speculation by tightening trading rules. As Bloomberg reports, for the second time this year, trading has exploded on the nation’s exchanges, pushing prices of everything from zinc to coal to multi-year highs and sending authorities scrambling to deflate the bubble before it bursts.
Five days after meeting with president-elect Donald Trump in what was described as a "candid meeting", New York Mayor Bill de Blasio delivered what Bloomberg dubbed a "campaign-style rebuke to the President-elect" vowing to resist the "excess of Trump" including federal efforts to deport undocumented immigrants, push more aggressive police actions against minorities or remove health services from women and the poor.
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
Homeless people in American cities are being ’rounded up and disappeared’ by FEMA operatives, according to a suicide note left behind by a government insider. Describing the phenomenon as ‘human street sweeping’, the insider says the abduction of homeless people is the first stage of a FEMA plot to turn 800 internment camps across the country into fully operational prisons. The government insider, who we can now reveal was a US Customs Agent based in New York City, wrote a lengthy suicide note exposing plans the government has for its people.