by Michael Snyder All over America, we are witnessing crazy bidding wars for the limited number of homes that are on the market. In many areas, the moment a desirable home goes on the market potential buyers start making offers …
by SUPER_swan This weekend I went and bought some Plywood for the house. I couldn’t believe how much I had to pay for some simple 2’x4’s. The price has gone up by 250% in just the last few months. With …
Interesting….. https://t.co/vdrVd6BEic — Bill Perkins (Guy) (@bp22) April 2, 2021
by confoundedinterest17 ISM business prices fell slightly in March, but are still up 242% since April 2020. And central bank balance sheets are flush with cash.
The cost of lumber has gone up 188% since the beginning of the pandemic, which raises the cost of new builds and could price out some homebuyers. SKAGIT COUNTY, Wash. — Anyone buying lumber these days is in for sticker …
by confoundedinterest17 Trying to get a cash-out refi? With home prices rising at lightning speeds, even a slight up-tick in mortgage rates can’t stop the CASH-OUT WAVE! With home price growth now faster than at the peak of the housing bubble …
“There’s definitely a risk [that inflation will increase]. It’s not just the position of exporters. It’s everything, from the bottlenecks caused in global shipping to the idea that the stimulus might unleash more demand than supply can keep up with,” …
$1,000 a day – that is how much Sydney house prices are rising. Experts say cheap loans and a lack of available stock will drive that figure even higher, and that could have an impact on home loans. 7NEWS at …
by confoundedinterest17 The Scream! Out-of-control money printing, dead money velocity and collapsing purchasing power of the dollar. (Bloomberg) — With U.S. equity indexes rising to fresh records again this week, one of Warren Buffett’s most-famous catchphrases comes to mind: Investors should “be fearful when …
by confoundedinterest17 Just like The Office’s Dunder-Mifflin, the US housing market is like the ad campaign “Limitless paper in a paperless world.” Except that is “Limitless home prices in a supply-constrained world.” Available inventory of homes for sale is helping to drive home …
by confoundedinterest17 Another month, another record low of available inventory of home for sale. Available inventory remained near a record low as The Fed continues to throw gas on the fire. As a result, the median price of existing home …
Right now, it's not about prices creeping up. It's about more and more people talking about prices going up. Fiat is about confidence. It erodes slowly, then a little, then all at once. Monitor the chatter as much as the …
by: Larry Reed “Government,” observed the great Austrian economist Ludwig von Mises, “is the only institution that can take a valuable commodity like paper and make it worthless by applying ink.” Mises was describing the curse of inflation, the process whereby government …
During an interview aired on Thursday’s “MSNBC Live,” White House Press Secretary Jen Psaki reacted to concerns that corporations will raise prices if taxes on corporations are increased by stating that President Joe Biden believes people “know that corporations do …
by howmuch The coronavirus pandemic is reshaping the U.S. economy in a lot of different ways, especially the housing market. COVID-19 has sent office workers looking to move away from major cities and into the suburbs for more space, and historically low mortgage …
by confoundedinterest17 The Biden Effect is unlike the Butterfly Effect. More like the Mothra/Godzilla Effect. Oil prices and the 10-year Treasury yield have risen since Ol’ Joe took office. Check out the 10Y-2Y yield curve slope after Biden took office. But wait! …
by Arkadiusz Sieron of Sunshine Profits Inflation rose in February, and it appears that more inflation is coming down the road. This development can, in fact, be good for gold. The U.S. CPI inflation rate rose 0.4% in February, following a 0.3% increase in …
by confoundedinterest17 The US Treasury 10Y-2Y slope has gone parabolic (right side) since September 2019 (yellow line) and is back to mid-2015 levels. Not only is the 10Y-2Y curve slope going parabolic, but the tech-heavy NASDAQ 100 has foundered since hitting …
via @staunovo: IMF’s latest fiscal break even oil prices: -Saudi Arabia USD 85/bbl -U.A.E. USD 65/bbl -Iraq USD 64/bbl -Kuwait USD 49/bbl -Iran USD 126/bbl
LOS ANGELES (CNS) — The median price of a Los Angeles County home rose by 2.1 percent in March, compared to the same month a year ago, despite median prices across Southern California dropping for the first time in seven …
Via ZeroHedge The ‘patient’ Fed has been lamenting the “lack of inflation” for far too long. It is about to get its wish. American food merchants are struggling to import fruits and vegetables from Mexico as wait times at port of entries along the …
Authored by Mac Slavo via SHTFplan.com, California is home to some of the most power-hungry politicians on Earth. These people actually hiked the gasoline tax, and are now demanding an investigation into why gas prices are higher in California than elsewhere …
by WARREN MOSLE Headline number looks strong, but details show weakness, particularly personal consumption expenditures which continue to decelerate: Highlights The consumer isn’t on fire but still contributed to a very solid 3.2 percent growth rate for first-quarter GDP. Net exports …
by Mac Slavo of SHTFplan California is home to some of the most power-hungry politicians on Earth. These people actually hiked the gasoline tax, and are now demanding an investigation into why gas prices are higher in California than elsewhere in the United …
By Tsvetana Paraskova A week before the U.S. announced it was ending sanction waivers for all Iranian oil customers, U.S. President Donald Trump had a phone call with Libya’s eastern strongman Khalifa Haftar who is marching on Tripoli against the …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter So Sales Finally Tick Up. Home builders, the ultimate pros in the housing market, have figured out something after the malaise in the second half last year: Cut prices and buyers will come. The median selling …
Fox Business, Released on 4/22/19 Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm …
by QuantalyticsResearch US Stocks Preview Ahead of the Open Oil is surging over 2% this morning on news of potentially lower Iranian oil exports and stock futures are lower with front-month Dow Jones minis -0.24%, S&P 500 minis -0.27% and Nasdaq 100 minis -0.32% …
February was bad. Housing market weakness is now spreading out from London. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. London home prices in February took their biggest one-off hit since the dark days of the last crisis, according to data …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Despite “the lowest interest rates in more than a year.” In California, the median house price in March was essentially flat with March last year at $565,880, according to the California Association of Realtorstoday. But among the …