Spreading the truth. Empowering the people.
via mercurynews: Survey says buyer’s remorse. Seventeen percent of millennial and Generation Z homebuyers from ages 18-34 regret purchasing a home instead of renting, according to a Zillow survey. Speculating as to … Read more
by confoundedinterest If you have recently applied for a mortgage refinancing given plunging mortgage rates, you may have noticed a delay in the underwriting. Why? US lenders are in the midst … Read more
by WARREN MOSLER Lower rates don’t seem to be helping: Highlights The purchase index continues to pull back in what is an unfavorable indication for underlying home sales. After falling 4.0 … Read more
by WARREN MOSLER Employment can be a lagging indicator, so this forecast of Friday’s employment number could be verifying the rest of the weakness that’s been reported: US Private Sector … Read more
by WARREN MOSLER Dismal: Highlights The purchase index is down a sharp 4.0 percent for a second straight week, this time for the April 26 week. Year-on-year, the index is … Read more
Rising interest rates and credit card balances from CNBC. via CNBC: Over 1 in 3 people —or 86 million Americans — say they’re afraid they’ll max out their credit card … Read more
by whoami-now I received one of these as a gift for $50. I activated it today only to find out that it is a checking account, and because so, I … Read more
by DCG Last Monday a shooter went to Mercy Hospital in Chicago and killed his ex-fiancé, a pharmacy resident and a Chicago police officer. He shot himself yet was killed … Read more
by WARREN MOSLER Gone from bad to worse: Highlights The highest interest rates in over 7 years took their toll on mortgage activity in the October 12 week, with purchase … Read more
by flying_panini_press So in the end Amazon is actually saving a bunch of money as well on top of killing mom and pop shops. For the many low wage Amazon … Read more
by DCG It’s always about control. From The Detroit News: A resolution introduced in Wayne County seeks to encourage state and federal legislators to regulate and limit ammunition sales. Outgoing District 6 Commissioner Reggie “Reg” Davis submitted the … Read more
Google and Mastercard have a secret agreement to share purchases with each other. Google boasts with clients that it has access to 70% of the debit and credit cards being … Read more
Around the country, home prices near major metros have jumped significantly in the last few years, making the areas unaffordable for many — and pushing long-time local residents to sell and cash … Read more
by WARREN MOSLER Highlights Disruption tied to a fire at an auto supplier not only pulled down the previously released manufacturing component of the industrial production report but it also helped pull down … Read more
I think at this point we have to assume at the very least that there are bad actors that work their way into these positions. But I am beginning to … Read more
by Duane Norman, Free Market Shooter Facing a serious re-election challenge from “Sex and the City” actress Cynthia Nixon, New York Governor Andrew Cuomo accomplished by executive action what he could not accomplish in … Read more