Economy

18 new skyscrapers in London explode the skyscraper curse.

Technician slams Tesla.

"Mr Munro says the flaws are the kind he would expect on a 1990s model Kia"

Ouch.

Economy

Apple stock fell from nearly 200 to under 100 in 2008 so I doubt it will hit $1 trillion valuation.

Economy

An explosion of zombie companies.

Bitcoin is in a bubble.

Local

After years of nobody wanting the site, suddenly three firms are competing for the old DDN site.

Economy

Bank failures are on the rise.

The car bubble is beginning to collapse.

Will the eclipse trigger the crash? I stand by my prediction it will start in August, September, or October.

Hedge Fund manager predicts the crash will hit next Valentine's Day.

Last local K-Mart to close as Sears closes 43 more stores.

Tesla stock crashes.

Local

Rapid-fired pizza to open 44 locations in Texas.

The firehouse at the river, Monument, and Main has been there since 1887.

Federal Reserve

Yellen claims no financial bubbles will exist in our lifetimes.

Economy

Home prices hit all-time high just like in the last bubble.

Second foreclosure in a month in New York City's billionaire's row.

Economy

Even the DDN recognizes the craft beer business is a boom.

May second best month on record for new businesses.

West Chester ax-throwing business.

Amazon buys Whole Foods for $13.7 billion. Shares were suspended.

While a supposedly lone leftist nut was shooting three rulers in Washington, rulers were crushing all of us via Fed and political policies.

"The American people are being brought to ruin by three institutions that are mortal threats to liberty and prosperity. To wit, the Federal Reserve, the military/industrial/surveillance complex and a sinecured Congress that is burying unborn generations in debt – even as it sanctimoniously presumes that it is doing god’s work by servicing the beltway racketeers who keep it perpetually in office." 

Great quote.

"On the latter score, it is worth reminding once again. An incumbent House member standing for reelection has a smaller chance of losing his seat than did a Politburo member during the heyday of the postwar Soviet Union."

Great observation. This article touches everything.

"As we will document further tomorrow, the first part of Yellen’s proclamation is a risible lie. There has been zero net gain in industrial production since September 2007; no net gain in breadwinners jobs since January 2001; and zero gains in real median family incomes since 1989."

Oh, boy.

We should name bubble and bust business cycles for the Fed Chairmen who create them.

Federal Reserve

Changes in the money supply don't create business cycles; money created out of thin air or credit do.

Economy

Signs the auto bubble is beginning to pop.

"So while carriers are hauling, consumers making car payments are stalling. Benjamin A. Smith writes for the Lombardi Letter,  “over one million Americans are overdue on their auto loan payments. Coupled with the fact that U.S. auto loan debt is at a record high of $1.16 trillion and delinquency rates are at their highest levels since 2009 (the Great Recession).”"

Uh-oh. Layoffs at Ford.

Economy

Jobs, unemployment, record employed, and record stock highs all sound like a booming economy, but the bust is coming.

Economy

Despite auto loan bubble, car sales slump.

Economy

Rapid Fired Pizza plans to add 175 locations in more states.

Despite supposedly booming economy, Ohio's public pensions are cutting benefits.

Local

The bubble hits Hamilton too.

Jobless rate falls in Dayton Metro in March.

Economy

Tallest skyscraper west of Chicago finishes in San Francisco, inviting skyscraper curse.

Terrible jobs report for March.

Economy

Microsoft nearing $1 trillion valuation, mostly thanks to android patents.

"Microsoft is generating $2 billion per year in revenue from Android patent royalties, says Nomura analyst Rick Sherlund in a new note on the company.
He estimates that the Android revenue has a 95% margin, so it's pretty much all profit. 
This money, says Sherlund, helps Microsoft hide the fact that its mobile and Xbox groups are burning serious cash. "

Thank the government.

Apple hits record high.

Alan Greenspan suddenly remembers gold is money.

Economic globalization versus political globalization.

Testosterone blamed for bubbles.

Another woman's retailers goes bankrupt.

"BCBG is just one of many retailers to announce store closures in 2017. The Limited shut down all brick-and-mortar locations, including local stores, and also filed for bankruptcy. Macy’s, Sears, Kmart and Ann Taylor will also cut select locations."

Nine retailers closing stores nationwide, but the economy is fine.

The bubble will soon pop despite Trump's reforms.

Big data will not enable a centrally planned economy.

GDP and ZIRP prove the economy is still bad contrary to the hype.


Skepticism of AI concerns voiced by plutocrats.
We need robots to take jobs.

Home ownership rate in 2016 lowest since 1965.

Technology can't prevent recessions because they are caused by misallocation of resources due to low interest rates and artificial credit.

Fractional reserve banking would be limited in a free market.

Bonds containing risky mortgages receive AAA rating as they did in 2007-2008.

There are no Christmas presents in broken Venezuela.

Ten fundamental laws of economics.

Inflation is about the money supply, not prices. Price inflation is a product of monetary inflation.

The correct definition of money is important.

Economy

This rotating skyscraper in Dubai should take the skyscraper curse to a new level.

Highway fatalities reach highest level since the height of the last bubble in 2007.

People not going out to eat as much despite all the new restaurants.

Bay area job growth declines dramatically.

Local

Sinclair creates retail program while retails stores are falling like flies.

New home sales skyrocket to highest level in a decade. In other words, it's another housing bubble.

Local

All the new pizza restaurants, like all the new brewpubs, are signs of a bubble.

The Arcade may impress state officials, but they didn't give its owners tax breaks.

Repurposing Arcades.

Two local crony projects receive tax breaks, but not Arcade.

Dayton rulers raise their pay but some refuse.