The Sinking Titanic’s Great Pumps Finally Fail

The Sinking Titanic’s Great Pumps Finally Fail The Sinking Titanic’s Great Pumps Finally Fail by Charles Hugh Smith   The greater fools still partying in the first-class lounge are in denial that even the greatest, most technologically advanced ship can sink. On April 14, 1912, the liner Titanic, considered unsinkable due to its watertight compartments and other features, struck…

V-Shaped Narrative Dies As Commercial Real Estate Bust Accelerates

V-Shaped Narrative Dies As Commercial Real Estate Bust Accelerates V-Shaped Narrative Dies As Commercial Real Estate Bust Accelerates By Tyler Durden,   The last week of June marks the time when investors lost hope for a V-shaped economic recovery as confirmed COVID-19 cases are exponentially rising in Texas, Florida, and California, and the Tri-state area imposed quarantine restrictions on travelers. Reopening in some of these…

“Depression-Like Crisis” Unfolding With No V-Shaped Recovery Until 2023, UCLA Anderson Warns

“Depression-Like Crisis” Unfolding With No V-Shaped Recovery Until 2023, UCLA Anderson Warns “Depression-Like Crisis” Unfolding With No V-Shaped Recovery Until 2023, UCLA Anderson Warns by Tyler Durden   At a time when the Trump administration continually promotes a V-shaped economic recovery from the coronavirus pandemic, a new UCLA Anderson Forecast has revised its economic forecast down, with no recovery…

How Much House Can I Afford?

How Much House Can I Afford? How Much House Can I Afford?   The amount of money you have set aside for a down payment, the mortgage rates your credit score qualifies you for, and the desired length of your mortgage loan term will impact how much house you can afford. Whether you are a…

Coronavirus recession will hurt low-income and emerging market economies for years

Coronavirus recession will hurt low-income and emerging market economies for years Coronavirus recession will hurt low-income and emerging market economies for years by: Franz Walker   As the world starts to recoup its losses over the economic carnage brought on by measures to stop the Wuhan coronavirus (COVID-19), it’s becoming clear that recovery will not be easy. A new…

BoE Warns Of Worst Economic Slump In 300 Years

BoE Warns Of Worst Economic Slump In 300 Years  BoE Warns Of Worst Economic Slump In 300 Years  by Tyler Durden   The Bank of England’s Monetary Policy Committee (MPC) “voted unanimously” to keep the banking rate at 0.1% and left its bond-buying program unchanged despite the country’s worst economic slump in 300 years, caused by coronavirus lockdowns. MPC voted 7-2…

UK Home Prices Fall At Fastest Pace In Decade

UK Home Prices Fall At Fastest Pace In Decade  UK Home Prices Fall At Fastest Pace In Decade  by Tyler Durden Britain’s housing market has taken a serious hit during coronavirus lockdowns. Home prices tumbled the most in a decade in May as consumers were severely damaged by one of the worst recessions in centuries. Bloomberg reports nationwide…