Crime, Inflation Fueling New Surge of Ecuadorians Illegal Aliens Coming to U.S.

EL PASO, Texas (Border Report) – Irregular migration from Ecuador picked up at the end of last year, after a substantial decrease through most of the fiscal year 2022. Border agents encountered 35,510 Ecuadorians between October and December of last year, compared to 24,936 in all of fiscal 2022, according to U.S. Customs and Border Protection data. Some … Read more

Another domino is starting to fall…

Source: https://www.marketbeat.com/articles/amex-profits-fall-9-as-customers-fall-behind-on-payments-2023-01-27/ And this is just the beginning, sad. Americans Fall Behind on Car Payments at Higher Rate Than in 2009 — Automobile repossessions are climbing as inflation forces struggling consumers to make tough choices. Losing his car was just the beginning. When 21-year-old Kobe Hatch walked outside his Chicago home in December and couldn’t find … Read more

Kansas City Fed Services Survey Tanks To -11 In January As Fed Withdraws Monetary Punch Bowl (US Real GDP Was Only 0.959% YoY In 2022)

by confoundedinterest17 Kansas City is a wonderful city. But the KC Fed’s Services Survey is not. In fact, it plunged to -11 for January. Rough start to the new year. The decline in the KC Fed survery mirrors that of other regional Fed indices, indicating a slowdown in the US economy as The Fed withdraws the monetary … Read more

US Pending Home Sales Decline For 13th Straight Month, Down -34.3% YoY As Fed Tightens (UMich Housing Sentiment At 44, Well Below 100)

by confoundedinterest17 The US housing market continues to struggle as The Federal Reserve continues to fight inflation. Today’s pending home sales are another nail in housing casket. Pending home sales declined -34.4% year-over-year (YoY) as M2 Money growth went negative (-1.3% YoY). At least UMich buying conditions for housing increased … to 44, well below 100. … Read more