by confoundedinterest17 Biden’s economy and mortgage market are like a bad wine hangover. Thanks to inflation and The Fed’s tightening to fight inflation, mortgage purchase demand is down a staggering -42.4% since April 2021. Mortgage applications decreased 5.7 percent from one …
by Daniel Lacalle via Mises The global recovery has slowed down significantly since the peak of the reopening effect in June 2021. What many expected would be a multiyear cycle of above-trend growth is proving to be a more modest bounce. Furthermore, according …
Federal taxpayers pay millions to fund critical race theory program that trains students to promote CRT. “In 2016 under the Obama administration, the federal government awarded its first five-year grant of $1,116,895 to North Carolina Central University (NCCU) for “training” college …
Industry group National Tank Truck Carriers said nearly 20% to $25% of tank trucks aren’t being used right now as there are not enough qualified drivers available. The year before the pandemic struck, that number was only at 10%. The …
via Jacob Wolinsky The U.S. economy may be heading for a Fed-induced hangover next year, warns the chief executive of one of the world’s largest independent financial advisory organizations. The message from Nigel Green, founder and CEO of deVere Group, comes …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Total consumer credit rose 5.1% in the first quarter, compared to a year earlier, or by $184 billion, to $3.824 trillion (not seasonally adjusted), according to the Federal Reserve. This includes credit-card debt, auto loans, and student …
Currently, the publicly held U.S. national debt is 75 percent of GDP. That number may be shocking, but many economists would agree that a 75 percent debt-to-GDP ratio is not as bad as it looks. But that ratio could double …
by northmantrader In the fullness of time the recent US tax cuts will prove to have been a major policy mistake and I’ll give you several reasons why. Oh I know, amidst the stock market party and and companies seemingly throwing …