Thoughts For The Day

Soaring inventory in Southern California

Soaring inventory in Southern California: Homes available for sale soar by 37 percent on a year-over-year basis. The plastic nature of SoCal’s housing market.

IMF’s Lagarde in the Running to Replace Draghi at the ECB

https://www.cnbc.com/2019/07/02/imf-christine-lagarde-touted-for-european-central-bank-president.html

Negative Interest Rates Benefit the Global Economy, Says IMF Chief Christine Lagarde

https://www.wsj.com/articles/negative-interest-rates-benefit-global-economy-says-imf-chief-lagarde-1459848698

Military Tanks Arrive In DC For Trump’s Fourth of July Party

https://www.zerohedge.com/news/2019-07-02/military-tanks-arrive-dc-trumps-fourth-july-party

US Durable Goods Orders Plunge Most In 3 Years

https://www.zerohedge.com/news/2019-06-26/us-durable-goods-orders-plunge-most-3-years

It’s 2007 All Over Again: JPM Is Pushing Synthetic CDOs To The Masses

https://www.zerohedge.com/news/2019-06-25/its-2007-all-over-again-jpmorgan-pushing-syntehtic-cdos-masses

A Growing Problem in Real Estate: Too Many Too Big Houses

https://www.wsj.com/articles/a-growing-problem-in-real-estate-too-many-too-big-houses-11553181782?mod=e2tw

New Home Sales Plunge 35.9% in the West, 7.8% Overall, Prices Down 8.1%

https://moneymaven.io/mishtalk/economics/new-home-sales-plunge-35-9-in-the-west-7-8-overall-prices-down-8-1-YXy04c-77kmrvvphEehjrw/

Who Bought the Nearly $1 Trillion of New US Government Debt over the Past 12 Months?

https://wolfstreet.com/2019/06/17/who-bought-the-nearly-1-trillion-of-new-us-government-debt-over-the-past-12-months/

China sells dollars and buys gold as tensions rise

https://asia.nikkei.com/Economy/Trade-war/China-sells-dollars-and-buys-gold-as-tensions-rise