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Mountains Of Trash Piling Up On US Shores After China Stops Taking It

Mountains of trash have been collecting at US recycling facilities shores after China stopped accepting “contaminated” materials from facilities across the country. Last year, China accounted for over half of the scrap metal purchases exported by the United States, while for decades they have been buying up US recycling by the ship-full after US sorting facilities bale […]


It “Hit The Mortgage Market Over The Head With A Baseball Bat”

Authored by Wolf Richter via WolfStreet.com, 8 ‘boots-on-the-ground’ findings from Sydney’s deflating housing bubble… Australia’s housing market is getting rattled. The mortgage industry is in turmoil. Banks are battered by incessant revelations of misconduct.  Home prices in the Sydney and Melbourne metros, after surging to an astounding degree, are deflating. And the once splendid and […]


Trump Wants To Repaint Air Force One To “Look More American”

President Donald Trump wants to redesign Air Force One’s signature robin’s-egg blue color scheme (which he describes a “Jackie Kennedy color”) for something that “looks more American,” Axios reported on Thursday, quoting an unidentified source. As we noted in February, President Trump worked out a fantastic deal worth $3.9 billion for a pair of replacement 747s for use as […]


What Can QE Tell Us About QT?

Authored by Peter Cook via RealInvestmentAdvice.com, In “The Fed’s Real Target” it was explained that the Fed’s interest rate manipulations are intended to influence the behavior of borrowers, not investors.  Fed Chairman Powell agrees.  In his most recent press conference, Powell reiterated that the Fed Funds rate continues to be the Fed’s primary tool to influence […]


Friday Humor: Trump Defects To Russia?

Authored by Finian Cunningham, via The Strategic Culture Foundation, The turmoil caused this week by US President Trump among NATO allies is approaching surreal. Time to indulge in some satire… Helsinki was always famed for its Cold War intrigues and secret exchanges between the Americans and Soviets. But no-one imagined this delivery. The 45th president […]


Podesta On 12 Indicted Russians: “We Just Found Some Witches”

Former Clinton campaign manager John Podesta weighed in on Friday’s indictment of 12 Russian intelligence officers for hacking offenses during the 2016 presidential election. “Donald Trump likes to describe this as a witch hunt,” Podesta told ABC News’ George Stephanopoulos. “Well, we just found some witches, and they were indicted.” “I think this is something […]


Yankees, Falcons, Marlins, Rays, Nationals, Orioles And More Suspend Papa John’s Relationship

There are more bad news for Papa John’s two days after reports emerged that founder and chairman John Schnatter used a racial slur: despite Schnatter’s resignation late on Wednesday night, on Friday afternoon the franchise’s affiliation with the New York Yankees, Atlanta Falcons and Atlanta United has been suspended. The decision by the Atlanta entities […]


Weekend Reading: Renter Nation

Authored by Lance Roberts via RealInvestmentAdvice.com, “The psychological factors are harder to assess. People aren’t flipping condos for sport the way they were during the bubble when mortgages were available to anyone regardless of whether they had income or assets. Yet it seems there’s a widespread desire to own assets – stocks, bonds, and real estate […]