Mortgage rates soared above 7 percent this week, the highest level in 21 years and far exceeding rates recorded during the 2008 housing market crash Luxury home sales in the US have sunk by 28.1 percent year-over-year in August, beating …
U.K. gilt yields were on course for their sharpest monthly rise since at least 1957 as investors fled British fixed income markets following the new fiscal policy announcements. The measures included large swathes of unfunded tax cuts that have drawn …
by Shaun Richards It has been an extraordinary few days with the Bank of Japan intervening to support the Yen and then the pressure switching to create something of a sterling crisis. But if we step back we see that …
The nation sighed in collective relief earlier this month when new Prime Minister Liz Truss announced an unprecedented £150billion energy support package that would see typical annual domestic energy bills frozen at £2,500 for two years. The news will be …
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 …
by Anonymous guest Right now you have people split into two camps. The fed should raise rates to fight inflation camp, and the fed should lower rates to save the economy camp. This is a false dichotomy constructed by the media …
by Companion I work for a prominent Investment Real Estate Firm and at our team meeting today our CEO said he expects Mortgage Interest Rates to top 9% over the coming months. This will crater the demand for housing and …
by boring–planet No international coordination; and how should that reduce the importing of inflation if everyone is doing it?!
The central bank boosted its benchmark Leliq rate by 5.5 percentage points to 75%, according to an emailed statement. The move comes a day after data showed consumer prices jumped nearly 79% a year in August, the fastest pace in …
What is amazing is how EXPENSIVE this market is relative to rates. The spread between the #sp500 Earnings yield and the 10-Yr nominal rate is at multi-year lows. Even after today's drop. Stocks just not dropping fast enough to keep …
by Chris Black I have said that raising interest rates is actually going to increase inflation. People have confronted me about this, but what I’ve said is actually very simple and obvious: Raising interest rates lowers the wealth of the …
via pymnts: The paycheck-to-paycheck pressures are showing up in the cards. Though we don’t have all the details yet, from all the issuers, there are at least some recent stats that show cardholders falling a behind on their monthly obligations. The …
In each of the last 7 Bear markets, the S&P 500 did not bottom until AFTER the Fed began cutting rates. On average, the market bottomed 11 months after the first rate cuts. $SPY $QQQ $AAPL $TSLA $NVDA pic.twitter.com/8znwb4fq3L — …
by mark000 Surge in Real Rates Hits Every Asset on Wall Street and Beyond Excerpts: A big pandemic-era distortion in the world of finance is well and truly over — and the new normal is helping fuel the worst cross-asset selloff …
John Rubino with Jason Burack of Wall St For Main St Jason Burack of Wall St for Main St interviewed returning guest former award winning Wall St investment analyst and author, John Rubino. During this 40+ minute interview, Jason asks John Rubino about biggest …
by Chris Black Higher immigration pushes up housing prices, which discourages young couples from having children. Politicians then say low birth rates justify bringing in more immigrants, which pushes up housing prices, which… B.C. now has the lowest fertility rate …
by confoundedinterest17 As inflation burns the US middle class and low wage workers, The Federal Reserve reaffirmed at Jackson Hole that they are the NEW Smoky The Bear (only The Fed can fight inflation fire!) But of course, Federal spending and …
by Boo_Randy These “experts” get their paychecks from the real estate industry – an industry of dissemblers whose motto is “Always Be Closing.” In 2006-2007 these same “experts” denied the existence of a housing bubble, then said the crash was …
by silvertomars Many warning lights are now flashing red for the US housing market… US Natural Gas Spikes 81% in 7 Weeks, Hits New 14-Year High Mish Shedlock: The Average US Household Pays 47 Percent More for Electricity Than a …
h/t differentusec
by Chris Black TL;DR: Scientists often claim that contemporary climate change is abnormally fast when compared to that of the past. However, data from this study indicates that historic climate change occurred at a similar pace. Source: https://www.nature.com/articles/ncomms9890 ICYMI – …
by Shaun Richards The last week or so has seen a bit of a change in bond markets and some of it has come from the rhetoric of central bankers as we set yet more open mouth operations. Today Isabel …
More extend-and-pretend in China. 1.4 billion Chinese need to rediscover the wisdom of their ancestors and start stacking like they mean it, with the CCP & PBOC taking the country down the road to ruin. https://www.marketwatch.com/story/china-s-central-bank-cuts-key-policy-rates-271660527832?mod=mw_latestnews China’s central bank on …
by confoundedinterest17 After mortgage rates topped 6%, they settled back down with the global economic slowdown, but are on the rise again. Bankrate’s 30-year mortgage rate index rose to 5.57% after rising above 6% in June 2022. Mortgage rates are up …
by confoundedinterest17 Sink the mortgage market! As The Federal Reserve tries to fight inflation, US mortgage rate have jumped to over 6% … but have declined to 5.57% today. Mortgage purchase applications are falling as The Fed’s prospects of rate …
Stocks are rallying on recession news. LOL I guess they think no more rate hikes. Welcome to STAGFLATION. Fed forced to hike rates into a slow economy. What a complete cluster. — QE Infinity (@StealthQE4) July 28, 2022 The Fed …
Democrats want the bubble machine turned back on. Stop raising rates! Our unconstitutional and immoral monetary system, run by the Federal Reserve, is like a game of financial musical chairs. Everyone wants to take credit for the fake and illusionary …
https://twitter.com/MFHoz/status/1552276114554462208 FED'S POWELL: NO ONE CAN BE SURE ON WHETHER WE CAN ACHIEVE A SOFT LANDING — *Walter Bloomberg (@DeItaone) July 27, 2022 Chicago Fed National financial conditions index eased last week, the second week in a row. Not the …
JUST IN – U.S. Federal Reserve raises interest rates by 0.75% for the second consecutive time. — Disclose.tv (@disclosetv) July 27, 2022
Eversource is raising its energy supply rate by about 50% on Aug. 1. With customers using, on average, 25% more energy in the summer, a typical customer could expect to see a $70 monthly increase, the utility said. The energy …