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zerohedge April 27, 2018

Authored by Skylar Olsen via Zillow.com, In 1900, the gap in the homeownership rate between black and white households was 27.6 percentage points. It’s now 30.3 percentage points. It’s the widest gap among whites, blacks, Hispanics and Asians – although the difference between white and Hispanic homeownership rates has more than tripled. Asians have seen […]

zerohedge April 27, 2018

Several weeks before he was sworn in as the new US Secretary of State, then CIA-Director flew to North Korea with a secret mission: to break the ice between “short and fat rocket man” Kim Jong Un, and “mentally deranged dotard” Donald Trump. Secretly flying to Pyongyang over Easter weekend visit at Kim’s invitation, Pompeo’s […]

zerohedge April 27, 2018

As we anticipated earlier this year, the first the signs of the coming implosion of the US real-estate bubble are emerging in the high end of the nation’s most overcrowded and expensive housing markets (Manhattan and San Francisco are two salient examples).  And in the latest confirmation of this trend, the Wall Street Journal published […]

zerohedge April 26, 2018

Authored by Tom Chatham via Project Chesapeake, As the world begins its next adventure in financial chaos and rolls over to expose its soft underbelly of lies and deceit that have been perpetrated on the public, those that see the truth have been warning the people once again. You can give people the truth but […]

zerohedge April 26, 2018

Authored by Heidi Steinour via MarketWatch.com, Today, roughly one in five women in the U.S. doesn’t have children. Thanks in part to this decline in birthrate, for the first time in U.S. history, there may soon be more elderly people than children. Based on trends in costs, it’s evident why many families are choosing to have fewer […]

zerohedge April 26, 2018

Prosecutors seeking to pore over documents seized from President Trump’s personal lawyer, Michael Cohen, won’t be able to use a “taint team” – a group of lawyers also known as a “privilege team,” whose job it is to review materials and remove anything covered by attorney-client privilege. Instead, a federal judge ruled on Thursday that court-appointed independent “special master,” former federal […]

zerohedge April 26, 2018

Earlier we broke down Amazon’s latest blockbuster earnings, but here is the only number that matters. With Amazon stock soaring 6% after hours, rising to a new all time high of $1,616, Jeff Bezos’ net worth as of this moment is $134 billion, up $12 billion on the day. And while that number may not […]

zerohedge April 26, 2018

At the end of his lengthy presentation to DoubleLine investors in January, Jeff Gundlach, who was aggressively pitching commodities at the time, a trade that has since returned double digits, made an interesting observation: he predicted that in the next recession “we won’t see a bid for safety out of stocks and into bonds.” In […]

zerohedge April 26, 2018

Update: In a brief statement made outside the courthouse, Cosby attorney Tom Mesereau said “we are very disappointed in the verdict,” and added that Cosby’s legal team intended to appeal “very strongly.” * * * After his first trial ended in a hung jury less than one year ago, Comedian Bill Cosby on Thursday was […]