Market News Op-ed United States 

The Housing Market’s 9-Year Winning Streak Is Finally Coming to an End

U.S. home prices extended their nine-year winning streak in April, rising 5.4% over previous-year levels. That streak is about to come to an end. CoreLogic analysts predict this key metric of housing market strength will fall 1.3% over the next 12 months. With millions of people likely to remain unemployed for months to come, house prices could remain depressed for years. For nearly a decade, U.S. home prices have clung, unwaveringly, to an upward trajectory. But according to the latest CoreLogic Home Price Index Report, this key gauge of housing…

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Dancing With the Stars Entertainment Meghan Markle Op-ed 

A Hollywood Insider Finally Found the Perfect Gig for Meghan Markle

I know that Meghan Markle’s fanbase had high hopes for her once she broke free of the evil royal family. It hasn’t quite worked out for poor Malibu Meg. Angelina Jolie hasn’t come knocking yet. She’s been offered a spot on Dancing With the Stars, though! That’s something, right? When Meghan Markle finally hit the jackpot and married her Prince Charming, I imagine she had some pretty lofty ambitions. Can you really blame her? Since the royal step-down was announced, we’ve seen Meghan touted as an A-lister in Hollywood, a…

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Donald Trump George Floyd Headlines Op-ed Politics 

Trump’s Protest Reaction Is Even Worse Than His COVID-19 Response

Donald Trump addressed the nation today, saying he’s an “ally of peaceful protestors.” Moments before his speech, Washington D.C. police fired tear gas and rubber bullets on peaceful protestors. Just like his response to COVID-19, Trump has failed miserably. In a press conference this afternoon, Donald Trump took a mandatory few moments to express his condolences to George Floyd. But that just was the sugar he used to coat the pill he was about to force down our throats. He proceeded to express his genuine remorse over how police have…

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Market News Op-ed United States 

The Consumer Spending Decline Has Only Just Begun

The stock market is expecting the economy to improve in 2021, but unemployment estimates suggest it won’t. A sharp drop in consumer spending will likely continue well into next year as high unemployment persists. The stock market is in for a rude awakening in August when consumers pull back once again. The U.S. stock market has been mostly indifferent about dire unemployment figures and plummeting consumer spending. Investors are willing to look past the terrible data because they’re expected to improve considerably as the economy continues to reopen. But new…

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Black Lives Matter Ellen DeGeneres Entertainment George Floyd Op-ed 

Ellen DeGeneres Posts Tone-Deaf Tweet, Proving She’s Really Awful

Ellen DeGeneres sent a tweet in which she refused to acknowledge black people, calling them “people of color.” Many black activists and celebrities called her out for her tone-deafness. Can we cancel Ellen already? Please? Ellen DeGeneres needs to be canceled. The talk show host, desperate to insert herself into the Black Lives Matter conversation currently dominating the headlines, sent out a tweet in which she erased the “Black Lives” part of the Black Lives Matter movement. Naturally, it didn’t take long for activists—both black and white—to call her out….

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amazon Business News Elon Musk Jeff Bezos Op-ed Tesla 

Tesla Needs Democrats to Break Up Big Tech or Amazon Will Eat Its Lunch

Amazon is increasingly encroaching on space occupied by Tesla. The online retailer has invested in electric and autonomous car startups. For the newly minted conservative, Elon Musk’s solution may lie with Democrats. More than two decades after launching as an online retailer, Amazon (NASDAQ:AMZN) is now in nearly every industry ranging from entertainment to manufacturing fast-moving consumer goods. It has not had enough, though, and recent developments suggest that transportation is the next frontier. Last year, Amazon led investment rounds in electric car firm Rivian and self-driving technology startup Aurora…

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Housing Market JPMorgan Chase National Association of Realtors Op-ed 

You’ll Never Guess Who Boomers Will Blame for the Next Housing Crisis

Mortgage applications have risen in recent weeks as mortgage rates hit record lows. Millennials can’t afford to buy a house as many of them are struggling financially. The housing market probably won’t recover as fast as expected. The pandemic has hit the U.S. economy hard, and chances of a V-shaped recovery are minimal. The housing market has been hit too. Mortgage applications plunged in the wake of lockdowns. Existing homes sales fell 25% between February and April. New homes sales were somewhat more resilient, falling 16% over the same period,…

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Donald Trump Entertainment Kathy Griffin Op-ed 

You Need to Drop the Faux Kathy Griffin Outrage

Kathy Griffin tweeted that Donald Trump should “inject air.” Naturally, this comment sparked outrage on social media. But where is everyone’s outrage against the real bully in all this, Donald Trump? Kathy Griffin is back in the news. This time, the comedian is making headlines because she tweeted that Donald Trump should “inject air.” That certainly wasn’t a nice thing to say. But why doesn’t everyone — including the news media — get equally outraged over Trump’s various bullying tweets? Here’s What Kathy Griffin Really Said Before we go any…

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federal reserve Market News mohamed el-erian Op-ed 

The Walking Fed Creates Zombie Horde

Stocks of zombie corporations are outperforming the S&P 500. A horde of companies too dead to feed their debts continues walking due solely to Federal Reserve bailout programs. This subverts the natural selection of capitalism and does not let the brave new world start clean. In the television series The Walking Dead, a virus creates a zombie apocalypse on earth. In reality, the Federal Reserve is working with a global virus to create a plague of zombie companies. Zombie corporations do not produce revenue capable of sustaining themselves. By definition,…

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