What do you do when even wealthy people begin to face an increasingly hard time purchasing a home in a vertical market completely disconnected from income trends? You reduce downpayments and lower credit standards, of course. Where have we seen this story before… From the Wall Street Journal: The nation’s largest bank by assets plans to … Read more
Over the past several years, as the U.S. economy has transitioned more and more into a corrupt oligarchy, we’ve seen an increase in statements by certain members of the so called “elite” class, in which they condescendingly lecture the average American. The message is always a variant of, “you need to work harder,” or “prepare for … Read more
Short-term lenders, seeking a detour around newly toughened restrictions on payday and other small loans, are pushing Americans to borrow more money than they often need by using their debt-free autos as collateral. Their hefty principal and high interest rates are creating another avenue that traps unwary consumers in a cycle of debt. For about 1 … Read more
It appears mysterious cartoons mocking “Goldman Rats” and Hillary Clinton are appearing all over NYC. The best one I’ve seen, is the image which shows the two entities as the unified oligarch oppressors they are. See: below: Business Insider notes that: Like this post? Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G Follow me on Twitter.
Here is good news for the plutocrat who wants to try out Manhattan’s ritziest neighborhoods before taking the multimillion-dollar plunge. The market for super-high-end rentals is booming, with plenty of enticing options for tenants of every taste. In all, 82 apartments renting for at least $50,000 a month were listed on StreetEasy during the first … Read more
The obvious conclusion that the U.S. is neither a democracy nor a constitutional republic has been a key topic of conversation here at Liberty Blitzkrieg over the past several years. One of the most powerful representations of this unfortunate fact came from an academic study highlighted last year: New Report from Princeton and Northwestern Proves It: The U.S. … Read more
I’ve covered the plight of the homeless in America in recent years as another manifestation of the erosion of decency, empathy, morality and kindness throughout much of our culture. As a society, we’ve become increasingly obsessed with youth, materialism, power and short-termism, tossing aside wisdom, real joy, soulfulness and connectivity. One of the symptoms of this … Read more
In the past five years, global registrations of the seven largest ultra-premium car brands–a group that also includes Aston Martin and Lamborghini–have surged by 154 percent, far outpacing the 36 percent gain in overall car sales worldwide. Rolls-Royce registrations have risen almost five-fold. Almost 10,000 new Bentleys cruised onto the streets last year, a 122 percent increase over … Read more
Across Singapore, the property market was booming. Interest rates were low, prompting buyers to take on more debt. Confidence was high. Banks built regional headquarters in Singapore and jobs were created. Singapore’s skyline changed drastically. A new financial district rose and Marina Bay Sands, a three-tower building housing a casino with a boatlike structure on … Read more
This morning, my Twitter stream was filled with some of the most outlandish bullish economic victory laps from pundits I’ve ever seen. The source was the monthly employment report, which showed a larger than expected increase in employment as well as higher wages. In addition, there was a huge upward revision to employment data in … Read more