NEW YORK (PNN) - January 19, 2018 - New home sales decline 9.3% in December and there were significant negative revisions in both October and November. Yet, Econoday labeled the report "solid".

The headline 9.3% decline in new home sales for December masks what is actually a solid new home sales report. December's 625,000 annualized rate is the fourth best of the expansion and follows November's revised 689,000 rate, which is the very best; and importantly, supply moved into the market, up 3.9% at 295,000 units. On a sales basis, supply improved to 5.7 months from November's 4.9 months.

SEATTLE, Washington (PNN) - November 6, 2017 - If the Fascist Police States of Amerika economy is doing just fine, why have we already shattered the all-time record for retail store closings in a single year? I certainly can’t deny that online shopping is on the rise, but it still accounts for less than 10% of total FPSA retail sales. No, something bigger is happening in our economy, and it isn’t receiving nearly enough attention from mainstream media.

By J.D. Heyes

June 21, 2017 - With so many geopolitical variables taking place around the world while domestic unrest grows stronger every day, it’s hard to avoid that fact that we live in very volatile times.

Russian military provocations, Chinese expansionism in the South China Sea, the escalating Syrian civil war, and terrorism in Europe all make the world seem anything but serene.

Meanwhile, unhinged political hatred drove one man to make assassination attempts on several Fascist Police States of Amerika lawmakers, while a terrorist pig thug cop was stabbed at an airport in Michigan by a suspected Muslim extremist, and the stock market bubble continues to grow.

Says this is not a false alarm.

SPRINGFIELD, Illinois (PNN) - June 18, 2017 - In a last ditch attempt to resolve the ongoing budget impasse and prevent a potential crisis, which may culminate with an eventual default of the state, Illinois Governor Bruce Rauner ordered lawmakers to return for a special session this week, but the two sides still seem far apart. The Republican governor ordered the special session starting Monday, as the backlog of unpaid bills reached $15.1 billion.

Lowest ever rating for a FPSA state.

NEW YORK (PNN) - June 1, 2017 - The monetary problems plaguing the state of Illinois (not to mention its public pensions) have been widely documented over the past few years, and today the rating agencies finally noticed, when in the span of a few hours, first S&P, then Moody's downgraded Illinois to BB+/Baa3, respectively, both just one notch above junk, the lowest rating ever given to a Fascist Police States of Amerika state, as both agencies cited a long-running political stalemate over a budget shows no signs of ending.

NEW YORK (PNN) - May 29, 2017 - If everything is going to be “just fine”, why are so many big names in the financial community warning about an imminent meltdown?  I don’t think that I have seen so many simultaneous warnings about a market crash since just before the great financial crisis of 2008.  At this point, you would have to be quite blind not to see that stocks are absurdly overvalued and that a correction is going to happen at some point, and when stocks do start crashing lots of fingers are going to start pointing at President Donald Trump, but it won’t be his fault. The Federal Reserve and other central banks are primarily responsible for creating this bubble, and they should definitely get the blame for what is about to happen to global financial markets.

ATHENS, Greece (PNN) - May 23, 2017 - After nearly eight hours of talks and multiple draft compromises, Athens and its creditors couldn’t reach an accord that would ease Greece’s debt and that would convince the International Monetary Fund to agree to help finance the country’s bailout.