2/9… home, things aren't looking so rosey. That is, the median price for all types of previously owned homes, co-ops, and condos in April saw their values fall -1.7% YoY to $388.8K, or the third month in a row of …
by BoatSurfer600 Source: Wolf Street Home Sales Plunge, Supply Rises, Prices Drop Year-over-Year Most since 2012. It’s getting crazy out here With the economy on life support and banks collapsing … I’d say Gold is a safe bet Americans …
by confoundedinterest17 Wasting away again in Bidenville. Nibblin’ on ice cream. Watching the economy boil. Particularly mortgage demand. Mortgage applications increased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for …
by confoundedinterest17 US Core inflation keeps rising despite The Federal Reserve slowing M2 Money growth and raising The Fed Funds Targget rate as The Fed plays catch up from Janet Yellen’s “Too Low For Too Long” monetary policies under Obama. And she …
by polloponzi BREAKING: Samsung reported its slimmest profit since the 2009 global financial crisis and said it would cut memory chip production. — unusual_whales (@unusual_whales) April 7, 2023 Global economy set for years of weak growth, IMF chief Georgieva warns. …
by confoundedinterest17 South of the border, down Mexico (and Guatemala) way. What a mess in Washington DC. While House Republicans are at lagerheads with Senate Democrats and Resident Biden over Federal spending cuts, the price of insuring against a debt default …
by confoundedinterest17 Treasury Secretary (and former Federal Reserve Chair) Janet Yellen kept saying inflation was simply transitory. And for a while, the US saw cooling inflation. But we just saw ISM Manufacturing prices paid rise in February for the second …
“A “full scale riot” has broken out in Merseyside outside a hotel after social media users reported a police van being set on fire last night (February 10). The incident was reportedly sparked by a demonstration outside the Suites Hotel, …
by confoundedinterest17 After Jerome Powell raved about the strong US labor market and oddly ignored the staggering crowding-out of US interest payments on its massive debt, the US Treasury’s 3-year debt auction was … a Hinderburg moment. First, the high yield …
by confoundedinterest17 The Federal Reserve is doing Archie Bell and The Drells “Do The Tighten Up!” Over the fourth quarter, significant net shares of banks reported having tightened standards on C&I loans to firms of all sizes. Banks also reported having tightened all …
Mortgage defaults in 3… 2… 1… Stu Hennigan has a decent job as a senior librarian, earning a salary that his 30-year-old self would have described as a “jackpot”. But the rising cost of living means he’s returned to the …
by Shaun Richards Earlier this morning brought news which posed a few questions about economic policy. It came from a land down under where if people were willing to move their eyes from the Australian Open tennis there was this …
By Robert Lambourne via GATA On November 10 my most recent commentary on the gold swaps of the Bank for International Settlements noted that “after 12 years in the gold swap business, the BIS seems to have just about gotten out”: https://gata.org/node/22286 It …
Fed tells employers to STOP giving pay rises in order to bring inflation down: Warns wages are rising faster than they have in decades – and there are now almost two jobs for every person looking for work Christopher Waller, …
Heckova job, “Zimbabwe Ben” Bernanke, Yellen the Felon, & BlackRock Jay. Of the 10 US metro areas which saw the highest rent increases in September, half are also among the most dangerous cities in the country Rents in …
by Charles Hugh-Smith We are going through one of those phases of time where almost every economic road goes through the United States. It is always of significance as the world’s largest economy but at the moment developments mean that …
Ebola infections have risen across districts in Uganda, bringing the cumulative number of confirmed and suspected deaths to 23, health authorities in the east African country said Monday. Uganda declared an Ebola outbreak last Tuesday after a case of the …
by confoundedinterest17 Wipe out! $32 TRILLION of global stock value has been wiped out since December 2021. Today’s core PCE deflator reading of 4.9% YoY shows that the inflation surge is not over. With a core PCE deflator of 4.9%, the …
by confoundedinterest17 The Federal Reserve drives me crazy! Thanks to Federal Reserve increases in their target rate, the 30-year mortgage rate has risen above 6%. What drives me crazy about The Fed is their failure to removed monetary stimulus following …
by confoundedinterest17 Well, new home sales aren’t coming to the rescue for affordable housing. July’s New Home Sales crashed and burned. At -32.26% YoY. This is happening as M2 Money growth has declined. For the month of July, new home sales …
by confoundedinterest17 Baby, let me take you home is getting more difficult as mortgage rates approach 6%. The National Association of Realtors’ Homebuyer Affordability Index for fixed-rate mortgages is now at the lowest reading since 2006 and the peak of the 2005-2007 …
by confoundedinterest17 We have the achy-breaky Fed. The Federal Reserve is facing an interesting problem. On the one hand, they vow to fight inflation by raising their target rate. At the same time, the probability of a recession in one year …
https://twitter.com/WallStreetSilv/status/1561012114965557249
by Shaun Richards Yesterday was an intriguing day and no I am not referring to the record numbers watching Flight Radar to follow the flight carrying Nancy Pelosi to Taiwan. What we saw was a stepping up of open mouth …
by Michael It is starting to look a lot like 2008. Extremely long lines are forming at food banks all over the country, job losses and layoffs are starting to spike, countless small businesses are right on the brink of going under, a housing …
by confoundedinterest17 The US economy is like the Stephen King story “Misery.” Except that it is Joe Biden breaking the legs of the consumer with his inflationary policies instead of Kathy Bates breaking James Caan’s legs to prevent him from leaving. …
by Shaun Richards After some mostly positive releases for the UK economy we find ourselves facing again this morning the economic problem of our time which is inflation. The Consumer Prices Index (CPI) rose by 9.4% in the 12 months …
by Boo_Randy Peasants! Your globalist overlords appreciate you bending over for them by mindlessly electing their political stooges election after election. However, you are getting annoying with your whining about your wages not keeping up with the cost of living. …
by confoundedinterest17 As Americans are painfully aware, inflation is the highest in 40 years prompting The Federal Reserve to remove the massive punch bowl. In fact, Federal Reserve Governor Christopher “Fats” Waller backed raising rates by 75 basis points this month. How hot …
by confoundedinterest17 In case you are wondering why Biden’s approval ratings are so terrible, check out this chart. Under Biden’s Reign of Error, inflation has soared to 9.1% YoY and the NFIB Small Business Optimism Index has crashed. REAL Avg Weekly …