We Need To Talk About Recession Risk Again | ZeroHedge

Authored by Simon White, Bloomberg macro strategist,

It’s time once more to increase vigilance for a US recession.

Soft, survey data is starting to deteriorate, while hard data is already fragile. Expectations of a downturn are currently low, but they could quickly swing higher.

Stocks – which experience their worst drawdowns in recessions – are not priced for such an outcome, while yields are biased lower in the coming months.

S curves are nature’s approximation of (more…)

Continue ReadingWe Need To Talk About Recession Risk Again | ZeroHedge

Watch: Billionaire Real Estate Investor Expects ‘One Or Two’ Bank Failures A Week, UK Economist Says “Entering A New Dark Age” | ZeroHedge

Billionaire Barry Sternlicht, Founder, Chairman and CEO of Starwood Capital Group has issued an ominous warning about America's regional banks, which he says will fail at a rate of 'one or two' per week.

Speaking with CNBC on Tuesday, Sternlicht says he thinks that primary real estate lenders – community and regional banks – are about to get whacked.

"You're going to see a regional bank fail every day, or not — every week, maybe two a (more…)

Continue ReadingWatch: Billionaire Real Estate Investor Expects ‘One Or Two’ Bank Failures A Week, UK Economist Says “Entering A New Dark Age” | ZeroHedge

House Passes ‘Electoral Integrity’ Bill To Restore Citizenship Question To Census | ZeroHedge

Authored by Katabella Roberts via The Epoch Times,

The House of Representatives voted on Wednesday to pass a measure that would add a citizenship question to the next U.S. census, as part of the latest efforts by conservatives to “protect America’s democracy and electoral integrity.”

The legislation, known as the “Equal Representation Act,” was led by Rep. Chuck Edwards, (R-N.C.), who spoke on the floor Wednesday regarding the need to ensure only American citizens (more…)

Continue ReadingHouse Passes ‘Electoral Integrity’ Bill To Restore Citizenship Question To Census | ZeroHedge