by confoundedinterest17 Resident Biden and Congress unleashed inflation of the unsuspecting American middle class. Now real estate is starting to feel the pain of Fed monetary tightening. For March, the S&P CoreLogic Case-Shiller 20 metro home price index actually fell …
by confoundedinterest17 Biden has a line on you! And it isn’t good. More like we are fish being caught and eaten by Washington DC bureaucrats. Another example of Biden’s dismal economy. US pending home sales plunged -22.6% YoY in April. Even …
Source: https://twitter.com/GRDecter/status/1661004508359475200 h/t weinerwagner
by BoatSurfer600 Source: Sagar Singh
by confoundedinterest17 More bad news about the economy and housing sector under Biden/Yellen/Powell’s Reign of Economic Error. US housing starts are out for April 2023. The bad news? Housing starts tanked -22.3% year-over-year (YoY). The good news? US housing starts …
by confoundedinterest17 I wish Biden would spend more time trying to negotiate with McCarthy to end the debt crisis rather than stir up race hatred like he did at Howard University graduation. C’mon Joe! White “supremacy” is not the most …
by Dismal-Jellyfish Summary of Commentary on Current Economic Conditions by Federal Reserve District Commonly known as the Beige Book, this report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its …
via CNBC: Amid persistent inflation, higher interest rates and recession worries, Americans have never been more negative about the economy, according to the latest CNBC All-America Economic Survey. A record 69% of the public holds negative views about the economy …
Moody’s cuts outlook on U.S. banking system to negative, citing ‘rapidly deteriorating operating environment’ In a harsh blow to an already-reeling sector, Moody’s Investors Service cut its view on the entire banking system to negative from stable. The firm, part …
The Federal Reserve is technically bankrupt. In 2023 the Fed will post its first annual operating loss of $80 billion since 1915. It will have a negative capital of $38B. This loss does not count the $1.3 trillion unrealized loss …
by confoundedinterest17 US pending home sales rose 8.1% in January. At the same time, pending home sales declined -22.4% on a year-over-year (YoY) basis. So, YoY pending home sales growth has been negative for 19 of the last 20 months.
by confoundedinterest17 The January US inflation numbers are out and they were grim. US REAL average hourly earnings fell … again … to -1.8% year-over-year (YoY) from a revised -1.6% YoY in Deember. That makes 22 straight months of negative hourly earning …
But it gets worse – same with education The edu. attainment rate had peaked in the 1980’s & been roughly flat – meanwhile the college wage premium (CWP) been flat for roughly >20yrs Yet costs exploded Gov making it worse …
by confoundedinterest17 We got trouble in Potomac City! No, I’m not talking about the numerous Top Secret documents that Biden carelessly left in his garage in Delaware and the UPenn Biden Center. And they found more over the weekend. I’m talking about …
h/t Infamous_Sympathy_91
The economists will only call the recession a recession after the recession has ended. h/t shobhitd11
h/t Infamous_Sympathy_91
MBS negative YoY. Banks dumping. pic.twitter.com/yFFsmwrs5F — Ilia Sakowski (@IliaSakowski) November 25, 2022 As Fed policy tightens, US housing is taking the strain…Only the GFC has seen a bigger 3m fall in US house prices in the last 45 years …
by mark000
by confoundedinterest17 Redfin had an interesting post where they showed that the “typical” US home now requires income of over $100,000. Of course, it is easy to blame the figure on rapidly rising mortgage rates and Federal Reserve tightening. But …
by confoundedinterest17 Alarm! The inflation numbers are out for October and they still stink (headline inflation still sizzling at 7.7% YoY). But the number that really irks me is … REAL average hourly earnings growth is at a horrifying -2.8% YoY …
by confoundedinterest17 The housing and mortgage markets are suffering with impending recession and Fed monetary tightening. MBS returns extended their negative run during their worst year on record as 10-year Treasury yields topped 4% and the trend in MBS spreads …
by Boo_Randy The UK just pulled ahead of the US by a nose in our race to become a full-fledged banana republic. https://www.dailymail.co.uk/news/article-11285371/UK-Government-debt-outlook-cut-stable-NEGATIVE.html A top US credit rating agency has lowered its outlook for British government debt from stable to negative after …
by ReviewEquivalent1266 The articles rule claims like “Democrats are targeting Republicans for death” as ‘false’ despite citing the fact that Democrats ARE targeting Republicans inside of the article. Big Tech only looks at the headlines. Fact check articles often include …
by Shaun Richards This week has been all about interest-rates and this morning has brought something really rather significant. One of the signals of that sort of thing is that few mention it. So without further ado let me hand …
FED stated that it would follow the Gross Domestic Product (GDP) & PCE Index data for a rate hike. These data show a minimum of 75bps interest rate increase is needed. Also, GDP data is not looking good for September …
by Arkadiusz Sieron of Sunshine Profits Even a Steep Decline in PMI Didn’t Move Gold Higher According to recent PMI reports, the third quarter of 2022 could also see negative GDP growth. Will gold finally rally then? The latest S&P Global Flash US …
"A recession is two quarters in a row of negative growth." — President Clinton, Dec. 19, 2000 pic.twitter.com/h04jcPX7P3 — Howard Mortman (@HowardMortman) July 28, 2022
In addition to the two negative quarters we’ve already had, this is warning of additional pain down the road. GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal Gross domestic product fell 0.9% …
by TyRANNY_SLAYER With Q2 GDP data being announced this Thursday on July 28th, Pelosi’s boss and gang have already began defending the presumably negative number we’ll see. On the heels of a negative Q1 GDP of -1.6%, some of the most …