Greg Weldon: Stock Market “As Overextended As Anything I’ve Ever Seen”

By Mike Gleason – Re-Blogged From http://www.Gold-Eagle.com

Mike Gleason: It is my privilege now to welcome in Greg Weldon, CEO and President of Weldon Financial. Greg has over three decades of market research and trading experiencing, specializing in the metals and commodity markets and even authored a book in 2006 titled, Gold Trading Boot Camp where he accurately predicted the implosion of the U.S. credit market and urged people to buy gold when it was only $550 an ounce. He’s a highly sought-after presenter at financial conferences throughout the country and is a regular guest on many popular financial shows, and it’s great to have him back here on the Money Metals Podcast.

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Inflation Is Back: Maybe The Phillips Curve Was “Just Resting”

By John Rubino – Re-Blogged From Dollar Collapse

Economists have been struggling to explain how unemployment can fall to 4% without wages starting to accelerate. The following chart shows paychecks rising at about the rate of inflation over the past five years, which means the average worker’s earnings don’t buy much more now than in 2013.

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Fake Markets Produce A Fake Economy

By Steve Saville – Re-Blogged From http://www.Silver-Phoenix500.com

Automtaic Earth’s Raúl Ilargi Meijer just posted an essential essay on the world’s financial markets – or what used to be the world’s financial markets. Here’s an excerpt:

“[Price discovery] is the process of determining the price of an asset in the marketplace through the interactions of buyers and sellers”, says Wikipedia. Perhaps not a perfect definition, but it’ll do. They add: “The futures and options market serve all important functions of price discovery.”

What follows from this is that markets need price discovery as much as price discovery needs markets. They are two sides of the same coin. Markets are the mechanism that makes price discovery possible, and vice versa. Functioning markets, that is.

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How Solar And Wind Are Causing Electricity Prices To Skyrocket

By Michael Schellenberger – Re-Blogged From http://www.WattsUpWithThat.com

Over the last year, the media have published story after story after story about the declining price of solar panels and wind turbines.

People who read these stories are understandably left with the impression that the more solar and wind energy we produce, the lower electricity prices will become.

And yet that’s not what’s happening. In fact, it’s the opposite.

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More Signs Of Inflation: Home Prices Jump Again And “$3 Gas Is Coming”

By John Rubino – Re-Blogged From Dollar Collapse

Cornflakes and milk may or may not be getting more expensive, but some higher-profile things are rocking like it’s 1979. Houses, for example:

Home prices just took the biggest jump in four years

(CNBC) – Homebuyers, hold onto your wallets. The gains in home prices are getting bigger as the supply of homes for sale gets leaner.

The median price of a home sold in March surged 8.9 percent compared with March 2017, according to Redfin, a real estate brokerage. It is the biggest annual increase in four years. Redfin tracks prices in 174 local markets and calculated the median home price at $297,000.

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The Dumb Money is Helping the Smart Money Exit the Stock Market

By David Haggith – Re-Blogged From The Great Recession Blog

Bloomberg this week ran a story telling us how the smart money gets out of the stock market when it hits its all-time peak and how the dumb money helps the smart money out. Only they didn’t know that was what they were writing. It typically happens this way:

At the end of a deliriously euphoric market rally when the market is preparing to crash, all the Joe Six-packs, mom and pop and the family dog open trading accounts and try to chase the tail of market action. Many throw in their entire retirement funds, pawn the dog’s collar and take out loans on credit cards to buy in as much as they can. By buying in late, they help provide a smooth exit for the smart money. At least for some of it. It is the little guys, tough from hard labor, whose muscles are employed to push the money bags of the rich to the top of the mountain from which the little guys are allowed to jump off.

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Wondering Which States Americans Hate to Live In? Ask U-Haul

By Leon Lunsky – Re-Blogged From iPatriot

Americans are dynamic people.  World statistics on the number of cars per capita show that America is in first place among the “big” countries and in third place among all countries, behind the dwarfs of San Marino and Monaco.

Where do Americans drive other than to work, shopping, and perhaps to school?  Americans move, and move quite often.  They relocate to neighboring cities and distant states.  By and large, the U.S. looks like a big monolithic country.  In fact, the U.S. is a federal republic of independent states, each with many laws, many customs, and a unique political climate.

Does the changing political climate affect population migration between states?  Of course, it does, but how?  What if we were to express the movement of intra-American migration, not in words, but in the language of numbers?  A convenient measure of internal migration could be the U-Haul Index. Continue reading