Resident Contrarian Badass at BoomBustBlog (you can call me Editor-in-Chief)...
Disruptor-in-Chief at Veritaseum.com, where we're ushering the P2P Economy.
CNBC reports US home prices rise 5.9 percent to 31-month high in January according to S&P CoreLogic Case-Shiller. This puts the 20 city index close to an all time high, including the 2007 bubble.
Over the last quarter I've been warning about the significant weakness in retailers and the retail real estate that most occupy (links supplied below). Now, Bloomberg reports:
We will releasing our Apple forensic analysis and valuation this week for subscribers (click here to subscribe - lowest tier is the same as a Netflix subscription). As can be seen from the chart,
Note: Subscribers should reference the paywall material here for stocks that should give a good risk/reward scenario for bearish trades.
The Trump administration's legislative outlook is effectively a political desert, with no signs of material legislation either proposed or in sight. The multiple failures of the travel ban and rapid disintegration of the healthcare bill has effectively given Trump the mantle of the nations first lame duck president with only 2 months in office.
He has expended his political capital on multiple failed policy very early on, purposely alienated many factions, and is now mired in an FBI investigation - not to mention suffering from permanently impaired credibility stemming from an unending cornucopia of unsupported accusations, assertions and allegations (ie. he's lying too much).
What does this portend for investors in the short term?
TV has changed more in the past 10 years than it has since it's inception nearly 100 years ago This change is profound, and the primary benefactors look and act like nothing the traditional TV companies are used to. It shows, as they are losing market share to the new guys in droves at lower margins. Let's take a closer look...
I've issued several warnings late last year warning of the real estate bubble peaking and popping. I feel I'm especially qualified to do such since I quite accurately called the bubble burst of 2007 - namely housing (look here and here), homebuilders (look here), commercial real estate (look here and here and here and here and there) and banks (Bear Stearns and Lehman, among many others). Well, exactly ten years later, guest what?
The markets have gotten euphoric since the Trump election, apparently because someone believed what he was selling. Take a look at the broad market jump (powered greatly by the bank jump), and even more unbelievably the bank index jump.
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BREXIT is now official (almost), and it will be very expensive for Britain. Now, the question that so many fail to ask, "How expensive will it be for the EU?" Here are some more questions:
LedgerX's "SOLIDX BITCOIN TRUST" has an approval deadline this March 30th, 2017.If it is approved, Bitcoin is due for one hell of a bump, but...