Sunday , 21 July 2019

Finance

These Two Charts Reveal The Extraordinary Collapse In Australian Homeownership 

A housing affordability crisis has been gaining momentum in Australia over the last several decades as the number of people outright owning a home has collapsed by a third as home prices soared 400%. The Age, a daily newspaper in Melbourne and Victoria, Australia, reports that in the mid-1990s, nearly 44% of people living in New South Wales (NWS), a southeastern ... Read More »

China’s Top Carmaker Guides For First Annual Sales Drop In 14 Years

SAIC Motor – China’s top carmaker and General Motors’ biggest Chinese partner – expects sales to fall annually for the first time in at least 14 years, according to Bloomberg. The company is based in Shanghai and projects that for 2019, sales will be down about 7%. The company’s new target of 6.54 million sales is about 8% below the company’s public ... Read More »

DARPA To Put Nuclear, Biological, And Chemical Detectors In Public Venues

via Mass PrivateI blog, Can you imagine living in a country that puts surveillance devices in every city and public venue? What would be the first country that comes to mind? China or the United Kingdom, right? What if I told you that the United States has joined their ranks? Recent news stories revealed that the United States is installing ... Read More »

Drone Startup Gets First-Ever Approval In Iowa To Spray Chemicals On Crops 

A tech startup in Iowa became the first legally authorized company to fly drones for aerial application of agrichemicals in the state of Iowa, reported Crop Life. “Our drone technology had been ready for a few months; we just needed the regulatory landscape to get sorted out,” Rantizo CEO, Michael Ott explained. “Building the technology is the easy part,” he ... Read More »

How Long Is Jeffrey Epstein For This World?

Authored by Raul Ilargi Meijer via The Automatic Earth blog, First of all, I dearly wish I never had to read or write about Jeffrey Epstein again. But I can’t. And going over the reports about him, and watching the videos below (I’m sure there’s a thousand more), I started thinking I don’t see how he can have much longer ... Read More »

60% Of US Equity Assets Are Already Parked In Passive Vehicles, Quants Control Another 20%

Grant’s Almost Daily, submitted by Grant’s Interest Rate Observer BlackRock, Inc. (BLK on the NYSE) reported second quarter results this morning, continuing the financial behemoth’s impressive asset collection. Fixed income inflows were characterized as “blockbuster” by Bloomberg, jumping to $110 billion from $26.4 billion year-over-year.  That pushed total inflows to a record $151 billion and assets under management to $6.8 ... Read More »

Need A Digital Rocket Launcher? Millennials Addicted To Video Games Spend Big Bucks

The World Health Organization (WHO) recognized last year that millennials who play excessive amounts of video games could have a mental health condition. The disorder happens when gaming interferes with people’s daily lives. A new Wall Street Journal report builds on video game addiction with youngsters and tells a story where these children are taking their parents credit cards and racking ... Read More »

Trump Says He’ll Call Sweden’s PM To “See What We Can Do” About Rapper’s Imprisonment

No, this isn’t the Onion. On a Friday afternoon where markets closed in the red and the world is once again on edge about the possibility of WWIII breaking out in the Persian Gulf – in short, the American public is badly in need of distraction – President Trump tweeted that he is going to reach out to the “very ... Read More »

‘Stalling Markets’: The Last Time This Happened Was October 1929

Authored by Alasdair Macleod via GoldMoney.com, The combination of American trade protectionism and the end of a failing credit expansion is leading into a global economic downturn, and potentially a systemic crisis. Meanwhile, investors still believe more extreme monetary policies will stabilise economies and that the ultra-low interest rate environment will persist without renewed price inflation. As Samuel Johnson reputedly ... Read More »

“You’re All Serial Killers”: Outraged Californians Slam $2 Billion PG&E Rate Hikes

Representatives from Pacific Gas & Electric (PG&E) and the California Public Utilities Commission got an earful from angry residents on Thursday over a plan to charge customers almost $2 billion over the next three years. PG&E says it will use the funds to help pay for wildfire safety improvements and other items. “The 2020 GRC proposal, which is the focus ... Read More »