14 June, 2014 by The TZ Newswire Staff Comments Off on The Generational Short: Banks, Wall Street, Housing And Luxury Retail Are Doomed
The Generational Short: Banks, Wall Street, Housing And Luxury Retail Are Doomed
Submitted by Charles Hugh Smith from Of Two Minds
The Generational Short: Banks, Wall Street, Housing And Luxury Retail Are Doomed
If Gen-Y cannot afford to buy Boomers’ houses at bubble-level prices, then what will keep housing prices at these elevated levels?
14 June, 2014 by The TZ Newswire Staff Comments Off on ‘Money Pit’ for sale: $12.5M
‘Money Pit’ for sale: $12.5M
The Long Island mansion used for “The Money Pit,” the 1986 comedy about the ultimate fixer-upper fiasco, is poised to go on the market for $12.5 million.
14 June, 2014 by The TZ Newswire Staff Comments Off on NewsWatch: The 4 best ways to jump-start your retirement savings
NewsWatch: The 4 best ways to jump-start your retirement savings
For those who reach midlife with little or nothing saved for retirement, getting started can feel daunting.
14 June, 2014 by The TZ Newswire Staff Comments Off on Congressman Asks NSA To Restore Two Years Of "Lost" Lois Lerner IRS Emails
Congressman Asks NSA To Restore Two Years Of "Lost" Lois Lerner IRS Emails
Yesterday, the republican campaign to get to the bottom of IRS’ targeting of conservative groups was dealt an absolutely idiotic blow when the IRS, in all seriousness, announced that it had lost two years worth of emails to and from the chief subject of the investigation: former agency official Lois Lerner.
14 June, 2014 by The TZ Newswire Staff Comments Off on FX: Diverging Performances
FX: Diverging Performances
There was a clear divergence in the performance of the major currencies over the past week. Simply put, the dollar-bloc was strong, and the continental European currencies were weak.
Sterling, with the help of Carney’s warning that a rate hike could be delivered sooner than the market thinks, remained sympatico with the dollar-bloc. The New Zealand dollar led the majors, and was rewarded for the hawkishness of its central bank as well.
14 June, 2014 by The TZ Newswire Staff Comments Off on E3: Scenes from the video game circus
E3: Scenes from the video game circus
There’s so much going on at E3 that it’s hard to keep up with everything being shown, talked about and hinted at.
14 June, 2014 by The TZ Newswire Staff Comments Off on Oil, Bedlam, and a Resilient Market
Oil, Bedlam, and a Resilient Market
Iraq took the headlines last week as the ISIS splinter cell (that even al-Qaeda is afraid of), started taking over Iraqi cities faster than Grant took Richmond, as a result, crude moved higher and looks even higher.