by Michael Lebowitz There is an old saying that proclaims, “it’s not the size of the ship, but the motion of the ocean.” Since this is a family-friendly publication, we will leave it at that. However, the saying has a …
https://twitter.com/OccupyWisdom/status/1054315366787284995 Everyone waxes about how great the US economy is. Strip out housing and autos and I suppose that's true. Fiscal sugar-high and pre-tariff ordering providing this Potemkin-like atmosphere. 2019 very clouded. — David Rosenberg (@EconguyRosie) October 22, 2018 https://twitter.com/OccupyWisdom/status/1054199129352691713 …
In your opinion, are real estate prices too high compared to wages where you live? Or is the current level normal? The real estate situation in the U.S. is getting worse. Prices have stagnated in many areas and sellers are …
by Mac Slavo of SHTFplan Weekly mortgage application fell a whopping 7.1% as the cost of borrowing money surged. Interest rates are climbing higher making debts more expensive, so naturally, fewer people can now afford to buy homes. Rising interest rates appear to …
#Peakearnings + decelerating growth. If GOP loses the House, no Tax Cut 2.0 possible =may not be already -> see -5% budget cuts yesterday – does it also remove infrastructure, too? Rising interest rates, peak earnings and spiraling debt and …
by Jesse Colombo President Donald Trump has been making a big stink about the Federal Reserve’s rate hikes lately. Last week, after the Dow plunged nearly 2,000 points, he blamed the Fed for it, saying “I think the Fed is making a …
from Zero Hedge With US consumers suddenly dreading to see the bottom line on their next 401(k) statement, they now have the housing market to worry about. As interest rates spiked in the past month, one direct consequence is that U.S. …
by Martin Armstrong Jeff Bezos of Amazon loses about $80 million for every dollar the stock goes down. No billionaire was hit as hard by the drop this week in the share market than Jeff Bezos. During the Wednesday selloff alone, the Amazon …
The plan is in full swing, contradict the Fed, let everyone come to the Fed’s defense that they are doing the right thing, raising rates is a good thing. When the economy collapses Trump will show why raising the rates …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter What many in 2016 thought would never happen again is now reality. It finally happened – a line in the sand has been breached. The average interest rate for 30-year fixed-rate mortgages with conforming loan balances …
https://www.youtube.com/watch?v=cb0fJArn6z8 The rate of men being treated for infertility has increased 700 percent in the last 15 years – and their semen quality is plummeting, new research shows. Researchers in the US and Spain analyzed semen samples from two major …
Is this just another dip inside a bigger bull market? Yet another down day in the stock market as pressure begins to mount on the Federal Reserve and their rate rises. They are still nowhere near the level they said …
On the heels of the latest Fed rate hike, credit card interest rates are at record highs. The average APR is now over 17 percent, according to CreditCards.com’s latest report. That means it’s time to aggressively pay down debt. If …
by Egon von Greyerz The end of an empire is a dramatic but also drawn out event with very few willing to face the facts. As the end is getting closer, denial is at its peak. We can probably figure …
by John Rubino Towards the end of economic expansions, interest rates usually start to rise as strong loan demand bumps up against central bank tightening. At first the effect on the broader economy is minimal, so consumers, companies and governments …
The average rate on the 30-year fixed sat just below 4 percent a year ago, after dropping below 3.5 percent in 2016. It just crossed the 5 percent mark, according to Mortgage News Daily. While more people think now is …
via wallstreetonparade: The 10-year U.S. Treasury note touched a 7-year high in yield early this morning at 3.25 percent before falling back to 3.22 percent in mid-morning trading. As rates have risen over the past year, we’ve witnessed a growing chorus of …
The economic miracle fueled by foreign-currency debt. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. The Bank of Turkey’s decision mid-September to hike its policy rate from 17.75% to 24% may have temporarily stemmed the rout in the Turkish …
https://twitter.com/OccupyWisdom/status/1048030740586405889 Debt market > stock market With 3 months to go, US Bonds (Barclays Agg) are on pace for their worst year in history… pic.twitter.com/3wKVT591ux — Charlie Bilello (@charliebilello) October 5, 2018 From the market bottom in 2009 to now, …
Last time rates soared like this, the stock market dropped double-digits from CNBC. via CNBC: Interest rates are surging in the U.S. and around the world, sending shock waves through equity markets. The last time this kind of breakout in …
by John Rubino This morning’s jobs report was stronger than expected, which – combined with Amazon’s dramatic increase in its minimum wage to $15/hr — implies rising wages going forward. The bond market reacted as you’d expect to the prospect …
via failedevolution: Younger generations have been ‘trained’ by the dominant culture to act in more ‘pragmatic’ terms in the arena of a brutal economic cynicism. As the fight for a place in this system becomes harder and harder, more and more …
Do you believe that real estate prices can rise if mortgage rates rise? The real estate market is very diverse, very widespread, and very volatile. 30 years ago, I couldn’t say this about housing. But today, everything is upside down. …
Wolf Richter with Jim Goddard on This Week in Money: Interest rates will continue to rise in the US and Canada. In both countries, potential buyers face affordability issues, which puts a damper on demand. But in Canada, variable-rate and adjustable-rate …
From Birch Gold Group In March we warned of continued Fed rate hikes. In May, we reported on more rate hikes and their potential impacton stocks. In August, the QT “time bomb” started ticking… On Wednesday, the Fed raised rates for the eighth time since tightening started. …
Josh Sigurdson talks with author and economic analyst John Sneisen about the most recent news of the Federal Reserve raising interest rates once again! The Federal Reserve raised interest rates on Wednesday from 2% to 2.5%. They have announced they …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) and a 20% down-payment jumped to 4.97% for the week ending September 21, the Mortgage Bankers Association (MBA) reported this morning. A week …
Do you see the dislocation between rich and poor? Every area has it but it seems more pervasive than ever.
Josh Sigurdson talks with author and economic analyst John Sneisen about the continued propping up of US housing bubbles across the board as mortgage rates hit a four month high. We have seen the return of the collateralized debt obligations …
by Ron Paul of Ron Paul Liberty Report As a presidential candidate, Donald Trump correctly called the economy a “big, fat, ugly bubble.” The bubble is now much bigger, but President Trump has stamped his name on it. Interest rates are now rising. …