Prices of New Houses Drop Further. The median price of new single-family houses sold in April fell to $420,800, down by 8.2% from a year ago, and down by 15% from the peak in October May 24, 2023 8:29 am
Similar to October 2008 when the TARP bailout passed after it failed the first time. The market imploded. Similar to March 2020 when the Fed cut rates and restarted QE during the incipient meltdown. Bank failures will continue April 30, 2023 6:07 pmApril 29, 2023 10:20 pm
A bank (First Citizens) that has been on a steady decline since October of 2022 buys the assets of a failed bank (Silicon Valley) and the stock price for the purchasing bank goes up $250 (43%). This story gets crazier by the minute. March 27, 2023 7:07 pm
US Real GDP Growth Forecast To Be Dismal 0.50% In 2023, Personal Savings Rate -67.9% YoY In October, US Mortgage Rates Headed Down (Economic Lights On But Nobody’s Home) December 18, 2022 8:33 pmDecember 18, 2022 8:24 am
Money Supply Growth In October Fell To A 39-Month Low: A Recession Is Now Almost Guaranteed December 4, 2022 2:50 pmDecember 2, 2022 10:13 am
US Pending Home Sales Fall -36.7% YoY In October, MBA Purchase Applications Fall -31.22% YoY As Fed Tightens November 30, 2022 2:33 pm
US Existing Home Sales In October Plunge -28.43% YoY As Fed Tightens Monetary Noose (EHS Median Price Growth YoY Slows To 6.6% As Inventory Declines) November 18, 2022 5:47 pm
Inflation in Germany highest since reunification October is the second straight month with a double-digit indicator, official figures show November 12, 2022 10:17 pm
Alarm! REAL Average Hourly Earnings At -2.8% YoY In October, Negative Growth Since March 2021 (19 Straight Months Of Negative Earnings Growth!) November 10, 2022 7:00 pm
The Number of Employed Workers Fell in October and Price Inflation Continues to Outpace Wages November 10, 2022 6:50 pmNovember 10, 2022 8:51 am
US Jobs: Private Payrolls Rise By 233k In October After Rising 319k In September (-27% MoM), Unemployment Rate Edges Up To 3.7% As Wage Growth Cools To 4.7% (Too Bad Inflation Is At 8.2%) November 4, 2022 5:26 pm
Nearly 40% of small businesses in the US failed to pay rent in October November 2, 2022 3:24 pmNovember 1, 2022 6:41 pm
Chicago PMI dropped to 45.2 in October, the second straight month of contraction. Readings below 50 indicate contraction territory. October 31, 2022 9:37 pm
Euro-zone inflation climbs to 10.7% in October, well above expectations… Italy: ‘Interest rates in the euro zone need to rise further’ October 31, 2022 4:31 pmOctober 31, 2022 7:53 am
Inflation in Italy explodes to 11.9% with +3.5% only for the month of October October 28, 2022 1:54 pm
Global Financial Stability Report, October 2022. (Global financial stability risks have increased amid a series of cascading shocks) October 28, 2022 11:46 am
