30-year Mortgage Rate Breaches 5%!

by confoundedinterest17 As the US Treasury 2-year yield hits 2.507% (up from 0.128% when Biden was installed as President) and the number of Fed rate hikes over by February 2023 hits 9.6, Bankrate’s 30-year mortgage rate breached the 5% mark at 5.04%. The most recent data from on existing home sales show YoY sales in negative territory … Read more

It’s about to blow…

by laflammaster Generally, yields start to diverge after the convergence, indicating some fuckery aboot- and I am seeing today 3Y diverge more from 20Y than I’ve seen throughout the week. ​ Bond market, generally, is traded between large professional institutions. And it is a great signal for a market collapse, when the ‘smart money’ decide to … Read more

State of emergency in Peru

The rent is to damn high! Coming to America! This is why inflation is so serious. While elites in our country joke about inflation and dismiss it as a concern, this is Peru. https://t.co/UheLOlk6BR — Aaron Ginn (@aginnt) April 7, 2022 Protests erupt in Ica, #Peru, against President Pedro Castillo. Peru's new leftist government is … Read more

Looming Food Crisis

https://youtu.be/1xtGTVWrw-M CEO of CF Industries says fertilizer shortage will be biblical 20 Facts About The Coming Food Shortage That Should Chill You To The Bone h/t telling it straight

Is this mainstream enough?

Everyone knows the conspiracy behind this one. However it looks like it’s no longer a “theory” and now it is simply a conspiracy. How many layers of the onion will the Durham investigation pull off? Enough to reach the center?   h/t  olymp1a

2022 Dirty Dozen — a list of the most pesticide-contaminated fresh fruits and vegetables, based on the latest tests by USDA + FDA

Strawberries, spinach and leafy greens are again the top offenders on @ewg 2022 Dirty Dozen — a list of the most pesticide-contaminated fresh fruits and vegetables, based on the latest tests by USDA + FDA.https://t.co/RHIYiEcIMp — Robert F. Kennedy Jr (@RobertKennedyJr) April 8, 2022 Legal does not mean safe For the more than 70% of … Read more

Goldman Sachs Destroys An Investing Myth?

By Lance Roberts Did Goldman Sachs destroy a persistent myth about investing in stocks? Sam Ro recently suggested such was the case for the “sacred CAPE ratio.” So, what is the persistent myth that is no more? “While valuations feature importantly in our toolbox to estimate forward equity returns, we should dispel an oft-repeated myth that equity … Read more

Civil unrest is breaking out in China

Steve Hanke – Twitter, Released on 4/7/22 Civil unrest is breaking out in Shanghai, China as Chinese citizens claim they cannot leave their homes to buy food due to lockdowns. Take a look.pic.twitter.com/7m0gR56waQ — Steve Hanke (@steve_hanke) April 7, 2022

Red Hot Rentals

by Martin Armstrong Rentals are soaring across the US to unsustainable levels. Gone are the days when people stuck to the tradition of spending less than one week of income on housing. According to a Rent.com report, the national average for one-bedroom apartments is up 24.4% over the past year to $1,684, and two-bedroom units are … Read more