by Boo_Randy How’s that “Build Back Better” working out for ya, new moms? The baby formula shortage continues to worsen as baby formula makers and the head of the U.S. Food and Drug Administration (FDA) continue to face bipartisan grilling on …
by Peter Schiff of Peter Schiff Podcast · Dow on its longest losing streak in 100 years. · Snapchat implodes. · Gap and Abercrombie & Fitch investors learn a hard lesson. · Inflation can no longer be solved with higher interest rates. · …
by Shaun Richards Today we can link several of our themes and we can start with the subject that is on so many minds which is energy. The place that is most exposed is Europe via its reliance on gas …
by kookselslg So your telling me that we are about to enter a double recession with interest rates, or “cost of capital” near zero %? Do people realize how f*cked we are? What determines a recessionary period is if REAL GDP …
(Business Insider) Russia’s central bank slashed interest rates sharply Thursday in an effort to reduce the value of the ruble, which has soared against the dollar in recent weeks. The Central Bank of Russia (CBR) cut the benchmark rate to …
by confoundedinterest17 US home prices were growing at a near 20% YoY rate for the latest Case-Shiller National home price index report. But mortgage rates have soaring like a SpaceX missile shot. The result? Closed sales for April 2022 are down -9.5% …
It's notable the degree to which these concerns were aired out in FOMC discussions and briefing memos during QE3 in 2012-13. Powell in 2012: "We’re going to be paying billions of dollars of interest to our largest financial institutions and …
A housing crash is imminent as high prices, high interest rates, and declining sentiment indicate the peak is in. With more Fed rate hikes coming, the housing market is likely to crash as a hard landing of the economy is …
by confoundedinterest17 I feel like we are in an economic demolition derby under Joe Biden and The Federal Reserve (with freshly reappointed Fed Jerome Powell at the helm). Under Biden, regular gasoline prices are UP 85%. The Biden Administration recently cancelled 0il-and-gas …
by Martin Armstrong COMMENT: Marty, I want to thank you so much for the WEC. Perhaps you will consider doing one that is streamed in the middle of this craziness. I have listened to many analysts. But you are head and …
by BoatSurfer600 Source: https://money.yahoo.com/mortgage-rates-hit-highest-housing-163507651.html
by silvertomars https://twitter.com/dlacalle_IA/status/1519700296926179333
by Shaun Richards This morning has brought an event which for a while seemed even more unlikely than impossible or what I have seen described as unpossible. It also has echoes on the other side of the world and events …
by confoundedinterest17 For the moment, Fed Chair Jerome Powell and several Fed governors are singing “No sugar tonight” for the economy. As The Fed sings “No sugar tonight” exemplified by the number of expected Fed rate hikes by February 2023 has grown …
by Kimble Charting It’s been a crazy past couple of years for the 10-year US treasury bond yields and interest rates. The crazy extremes have seen rates fall to near zero and his back up near 3 percent. We can see this in …
by BoatSurfer600 It’s the Fed’s way of getting the housing bubble under control before it tears up the financial system again:
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.20% last week from 5.13%. Refinance demand fell another 8% for the week and was 68% lower than the same week one …
Urgent Update: May 2022 I bond inflation rate to be 9.62%! Are you searching for greater interest rates to grow your money? If yes, then US Series I Savings Bonds might be exactly what you’re looking for! If you plan …
by confoundedinterest17 Fortunately, I refinanced my home mortgage while Trump was still President. When Biden was installed as President, the 30-year mortgage rate was 2.88% (according to Bankrate). It has now risen to 5.25%. The Federal Reserve is now expected to …
Mortgage rates are surging at the fastest rate since 1987, pricing out more than 16 million potential homebuyers, in the latest dose of bad economic news for resident Biden and Democrats ahead of the midterm elections. The Federal Home Loan …
Former Reagan economic adviser sizes up the state of record inflation on ‘Kudlow.’ h/t CharlieFoxtrot
“We are illiquid in rates. We are illiquid in equities. The size of the bid-ask is down near the levels of 3/2020.”—Mike Green @EmilKalinowski @JeffSnider_AIP @profplum99 Another GREAT show. — JacksonMonero (Farmer Jack) (@JackMonero) April 13, 2022 Chart of the …
by laflammaster Equity Total Return Swaps can (and likely have) been used to cover positions. With swaps, you have to pay for them using an annual interest fee, the frequency is determined in your contract. This graph is showing that …
by ImFedUpWithItAll We’re all going to be hearing a lot about inverted yield curves in the coming months, so what’s the deal about them? I’ve tried to get an understanding of the subject, so here are my notes on it, weaving …
by confoundedinterest17 Mortgage applications are going down as expectations of monetary tightening send mortgage rates soaring. Mortgage applications decreased 6.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April …
Anyone expecting the Fed to hike rates substantially, should think again.Not gonna happen. They will find an appropriate excuse after a few more 1/4 point hikes. https://t.co/DVYZXygCgZ — Frank Giustra (@Frank_Giustra) April 4, 2022 Fed Just Getting Started As Economy …
by BFox1982 There’s been a ton of talk lately about the Fed taking a more hawkish stance in policy. Bears are shaking their heads as the market quickly gained back the majority of their losses from the beginning of the year. …
by confoundedinterest17 US pending home sales for February surprised to the downside, down -4.1% MoM and -5.4% YoY, as mortgage rates soar. And inventory remains MIA. Not surprisingly, March median sales prices are up 17% YoY. University of Michigan buying conditions for …