On Wire

by confoundedinterest17 Yes, the super-heated housing market is showing signs of slowing down. According to the Mortgage Bankers Association (MBA), mortgage purchase applications rose 1.87% from the previous week. However, purchase applications are down 10% from the same week last year. Refinancing applications dropped -.48% from the previous week as the 30-year mortgage contract rate rose … Read more

‘Double-dip La Niña’ is HERE: Weather system has returned for a second consecutive year and could bring up to 32 inches of snow to New York City this winter and worsen California droughts La Niña has returned to the Pacific Ocean for the second consecutive year The weather system occurs when stronger equatorial winds, blowing … Read more

by confoundedinterest17 I have no idea why Jack Dorsey tweeted “705742.” But I do know that Bitcoin hit 63,982.92 this morning as the US 10Y-3M curve has been steepening. Since the 3-month Treasury yield has been repressed to near zero, the 10Y-3M curve is pointing to rising 10-year yields. Which likely means that 30-year mortgage rates … Read more

By Michael Lebowitz Persistent Inflation Poses a Real Threat to Stock Prices Inflation is running hot at 5.4%. The unemployment rate less “quitters” is 1.9%. QE is still running full throttle at $120 billion a month. The Fed will not even think about raising interest rates until QE ends. If you do not think inflation … Read more

Cuba has agreed a new deal with China to upgrade its power grid, inviting Chinese firms to invest and build It is just the latest of Beijing’s loans, building projects, and investments to Latin America and the Caribbean China has also rapidly increased trade with the region which rose from $12bn in 2000 to $315bn … Read more

Gov. Jay Inslee offered rocketry tech to China as PLA modernized missile arsenal against U.S. carriers. https://www.worldtribune.com/gov-jay-inslee-offered-rocketry-tech-to-china-as-pla-modernized-missile-arsenal-against-u-s-carriers/https://www.worldtribune.com/gov-jay-inslee-offered-rocketry-tech-to-china-as-pla-modernized-missile-arsenal-against-u-s-carriers/ By all appearances the conclusion is inescapable: American soldiers are now far more likely to die in any military clash with China due to Washington Democrat Gov. Jay Inslee’s avidity for deal-making with the rising communist global superpower. … Read more

by Kimble Charting Can anything stop Bitcoin’s rising tide? We may know soon. Bitcoin’s recent run-up to over 60,000 is testing its 2020 highs and a key Fibonacci price resistance level. This area looks to be an important time/price juncture. Let’s dig in. Today’s chart is a “weekly” chart for Bitcoin, highlighting the strong up-trend in … Read more

On Friday, another developer, China Properties Group, said it had defaulted on $226 million worth of notes. All eyes will be on Chinese real estate developer Sinic Holdings, which warned last week it’s not likely to repay offshore bonds worth $250 million due on Monday. Defaults loom over more property developers as China reassures investors … Read more

After a horrendous few months in the polls for Joe Biden, CNN is sending in the reinforcements. In order to help their beloved Joe to improve his numbers, they are scheduling an urgent Town Hall so he can pitch his agenda to the American people once more. https://trendingpolitics.com/cnn-schedules-emergency-town-hall-with-joe-biden-to-improve-his-approval-ratings/   h/t Doorbert Returns