Looking for a home, first time buyer and loan approved but feel a bit nervous about it all. Should we wait a while knowing the market may continue to worsen? Will prices lower enough to buy us something a little better/closer to the city we currently live? Low interest rates now, will they go lower? These concerns/worries and more. Is it just first time buyer jitters? Appreciate your input.
Research from Carmen Reinhart and Kenneth Rogoff shows that when a country’s government debt-to-GDP ratio stays over 90% for more than five years, its economy loses around one-third of its growth rate. Lacy also points out that “the longer the debt overhang persists, the relationship between economic growth and debt becomes nonlinear.” This is happening to the US today with the economy growing at only half its long-term growth rate.
If you listened to Friday's podcast, I mentioned that I thought I would probably be doing a lot of podcasts this week. I did one yesterday, and I am doing another one today because my feeling about the stock market was confirmed today with an 831 point rout in the Dow Jones Industrial Average, down 3.15%. This is the biggest decline that the Dow has had since that 1000+ point drop that we had in February. I think it is maybe the third biggest down day ever, point-wise. Percentage-wise it's not even close.
They've promised full pensions to their workers. But they aren't putting aside enough money — or generating high enough returns — to fulfill those future obligations. Soon, they'll have to cannibalize current workers' pension contributions to pay retirees. Young and middle-aged government employees will likely never receive the retirement benefits they're counting on.
The above chart may not seem like a big deal to some but keep in mind the United States had never witnessed a year over year drop in nationwide home prices since the Great Depression.  Not only has that been surpassed but home prices are now back to levels last seen 8 years ago.  The lost decade is now nipping at our heels but what about two lost decades like Japan?
Sometimes the condition occurs completely by chance when you’re born, like my case. — Sarah Valenzuela, SELF, "My Congenital Disorder Confuses a Lot of Trainers, So I Have to Be My Own Fitness Expert," 9 Nov. 2018 So Ruby used massive amounts of data from Ancestry.com to investigate the role of genes in the lifespans of more than 400,000 people born in the 1800s and early 20th century. — Cathleen O'grady, Ars Technica, "Genetics play less of a role in lifespan than we thought," 8 Nov. 2018 Michigan’s Rashida Tlaib, born in Detroit to Palestinian parents, and Minnesota’s Ilhan Omar, who arrived in the United States from Somalia at 14, won their House races, becoming the first Muslim women elected to Congress. — Mary Jordan, The Seattle Times, "Record number of women appear headed for Congress," 6 Nov. 2018 But companies born in democracies sometimes display their values, as when social networks cite the First Amendment in drafting their policies around content moderation. — Casey Newton, The Verge, "The Google walkout offers a playbook for successful corporate protests," 2 Nov. 2018 If someone were born in northern Greece or Anatolia, the strontium signal would be different from that of Iron Gates natives. — Mark Barna, Discover Magazine, "When Farmers and Foragers First Met," 24 Oct. 2018 The new royal baby, whose name has yet to be made public, is the seventh grandchild for Princess Caroline (the third born in 2018), and the great-grandson of Grace Kelly. — Caroline Hallemann, Town & Country, "Princess Grace's Granddaughter Charlotte Casiraghi Gives Birth to a Baby Boy," 24 Oct. 2018 When you're born into the royal family, things are naturally...different. — Taylor Mead, House Beautiful, "Will Meghan Markle And Prince Harry’s Baby Be Born At Home? Plus, Other Bizarre Royal Birthing Rules," 15 Oct. 2018 Here are some quick facts to know about the key term: 1) Heteronormativity starts SUPER young A lot of people are victims of heteronormativity before they're even born because of the strange cultural phenomenon of gender reveal parties. — Megan Lasher, Seventeen, "Everything You Need To Know About 'Heteronormativity'," 4 Oct. 2018
This article will focus on the top four precious metals, gold, silver, platinum, and palladium.  Even though Rhodium and other metals are considered precious, the ones listed above take the lion’s share of the investment market.  Furthermore, while platinum and palladium are purchased as investments, they have a much larger industrial component than gold or silver. Read More

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com. With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world. Follow @DanCaplinger
JOIN PETER at the New Orleans Investment Conferencehttps://neworleansconference.com/conference-schedule/831 Point Rout in the Dow Jones Industrial AverageIf you listened to Friday's podcast, I mentioned that I thought I would probably be doing a lot of podcasts this week. I did one yesterday, and I am doing another one today because my feeling ...…
Major international comparisons have long concluded that Americans’ ability to effectively utilize mathematics is inadequate. Such conclusions divide students, parents, teachers and administrators into camps that share little more than blaming others for the problems. However, it is unclear whether all the finger-pointing indicates a real desire to overcome our innumeracy. In fact, we systematically misuse numbers to distort reality because we want to fool ourselves, making our ineptitude no surprise.
Investing in stock drives the production of better goods and services, but currency isn’t a commodity which will depreciate due to the nature of its own decay. It’s not a service which could lose its public appeal in a few years. Intellectual property is a closer metaphor, but a dollar will still never hold intrinsic value, ironically, unless it is one day viewed as an antique. Read More

As Benjamin Westerman, CPA/PFS, CFP® in St. Louis, MO explains, many investors look to bond holdings and cash during a market downturn. “Bonds are your 'sleep at night' money that is protected during a bear market, while you wait for your investment portfolio to recover. In addition, if you have any money on the sidelines or are still in the accumulation/savings phase of your life, this is a great opportunity to invest in equities while stocks are on sale.”
Debt, my man, debt. In the rush to FIRE economy how could anything be better than DEBT? Particularly if you get the debtors to re-contract for that debt, and more, every so many months, resetting the terms of their interest payback to the beginning of the curve each time? As Ron said, this was all Monopoly money…that people agreed to pretend was real. The problem with speculation is that once you have more than a few people dancing atop the Milk the Suckers ponzi pyramid, it ceases to be a pyramid shape….
Meeker provided an eloquent defense of short sales. He argued that the bears stabilize prices by providing liquidity and creating demand – by covering their shorts – in a falling market. Shorting was not illegitimate, in his view. “A short sale,” wrote Meeker, “represents a debt contracted in goods rather than money.” In this it was similar to many other business contracts.
The truth is California has been living off phony home equity gains for 40 years. Nothing was ever produced to create this money, Nothing. But, they all spent this counterfit cash into the economy like it was real. California has flourished under this scheme of ever increasing Real Estate prices, but the free ride is over. Now they’ll have to learn how to actually produce something to have prosperity.

Falling consumer confidence. This is generally one of the last dominoes to drop leading up to a bear market, partly because people are too stubborn to think any economic party could possibly end, and partly because they don’t have the data or the skill to analyze what’s going on behind the scenes. In other words — consumers are usually “the last ones to see it coming.”
But I want to add some good news for the market. Fortunately, there are big technical differences between now and 1929. The market does not show the extremes signs of internal weakness that it showed back then, or in 1937, 1973, 2000 or 2008 when other tops were made. So talk of a huge Crash I would not take seriously. Still, a 20% decline seems much more likely than not. Will it stop there if the computers that dominate the market start doing what they did in October 1987? I would not count on it. I would not want to bet that Wall Street has learned the lessons from that year. It has been too profitable for Wall Street to forget all those lessons.

This reliance on US strength hasn’t been a problem for the past seven decades, but times are changing. Since the financial crisis, the US has been less willing to bear the costs needed to be the guarantor of the international order. Niall highlights the inaction over Russia’s annexation of Crimea in 2014, and the “little more than cosmetic” strikes against Syria as signs that the US is starting to take a more ambivalent approach to global conflicts.

I’ll admit I was somewhat skeptical when you claimed it was the “best conference,” but after last year, I couldn’t praise the SIC enough to my colleagues. (I think they actually got tired of me talking about it.) As a principle, I try NOT to attend the same events but rather experience new and different forums. However, I couldn’t resist returning for the SIC and have once again talked the ears off my fellow traders on the desk.
Tech stocks that have been the strongest performer so far this year, in the meantime, did snap a four-day losing streak on Sep 10. But, let’s admit that such stocks are vulnerable to trade-related issues. Trump himself urged Apple Inc APPL to shift its production from China to the United States. The trillion-dollar company said that tariffs on China would hurt its revenues and impact a wide range of its products.
Exactly as publicly predicted by myself and Alex Jones, the anti-American globalists are now running pipe bombs false flags against CNN. This is not merely similar to what we publicly predicted would take place before the mid-term elections; it is exactly what we publicly predicted would take place. We even named CNN as the most likely target to be selected by the globalist operatives running the operation. Read More
The watchdog found that "valuations are also elevated" in bond markets. Of particular interest is the OFR's discussion on duration. Picking up where we left off in June 2016, and calculates that "at current duration levels, a 1 percentage point increase in interest rates would lead to a decline of almost $1.2 trillion in the securities underlying the index."
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