by Shaun Richards Yesterday we looked at the Bank of England and an apparently desperate attempt to stop house prices turning south. But also there was the issue of their failures on inflation which its Chief Economist seems to think …
Kim Drotar is a public school teacher who rents an apartment in St Louis. But she doesn’t have the best neighbors. “They’re 19, 20 and have parties and bang on my door in the middle of the night and, you …
by Martin Armstrong I reported last month that a former Clinton advisor, Mark Middleton, was reportedly found dead under mysterious circumstances. Middleton was the original link between Bill Clinton and Jeffrey Epstein. Days after Ghislaine Maxwell revealed she would unveil her …
by confoundedinterest17 Another 10 basis point jumps in Treasury yields, this time at the 2-year Treasury Note. The 10Y-2Y Treasury slope just flattened to +26 BPS. Another step in rising mortgage rates! Washington DC is anything but Harmony Hall.
by confoundedinterest17 US mortgage rates are up slightly this morning. Bankrate’s 30-year mortgage rate survey is up to 5.29%. The Biden Scorecard is still a bleak one (for non-elitists). Regular gasoline is UP 92% under Biden, Diesel fuel is UP 110%, …
by Shaun Richards A feature of 2022 is the way that central bankers are trying to make up for lost time in the battle against inflation. Actually as we stand it is mostly a case of open mouth operations as …
by confoundedinterest17 Run, runaway! February’s Core Personal Consumption Expenditures (PCE) price YoY grew to 5.4%, the highest since 1983. The spread between the PCE Core Deflator and The Fed Funds Target Rate (upper bound) In terms of the spread, it is …
by confoundedinterest17 Headaches on headaches. Overnight, the US Treasury yield rose to 2.38% as the number of forecast Fed rate hikes rose to 8.211. So, enjoy “low” rates while you can. If we back out the highest inflation rate in 40 …
by Michael Snyder Everyone needs to start paying attention to this crisis, because America’s rapidly growing bird flu pandemic is going to deeply affect all of us at the grocery store. This pandemic began on February 8th when a confirmed …
by Shaun Richards Today we can switch to the other side of yesterday’s coin. All those Eurobonds have to be bought by someone and the biggest buyer of Euro area bonds is of course the European Central Bank or ECB. …
by confoundedinterest17 As expected, US inflation soared to 7.9% YoY in February as gasoline prices continue climbing. US rent inflation (owner’s equivalent rent of residence YoY) surged to 4.30%. However, Zillow’s rent index last month was 15.93% YoY. But if we look …
by confoundedinterest17 As someone who needs to move to Ohio, I would really appreciate it if mortgage rates would more closely follow the 10-year Treasury yield. But alas, Bankrate’s 30-year mortgage rate just rose to 4.30% as the US Treasury 10-year …
by confoundedinterest17 We now know that Russia has invaded Ukraine and President Biden really threw the booklet at Putin in a speech today. Rather than removing Russia from the SWIFT banking system which would have really hurt Russia’s trade with Europe, he gave …
by Shaun Richards Today we look east to Nihon, or the land of the rising sun. It faces so many of our themes as for example the energy prices crisis affects it as a large energy importer and also poses …
by Martin Armstrong Household debt in the US spiked to the highest level since 2007. According to the Federal Reserve Bank of New York, Americans accumulated an additional $1 trillion in debt, with the figure growing by $333 billion in …
by Martin Armstrong Inflation is soaring worldwide. South Korea experienced a near 10-year high in inflation this January after prices spiked 3.6% YoY. This is the tenth consecutive month that South Korea’s inflation ran above the central bank’s 2% target. …
https://www.youtube.com/watch?v=0k-gqlYAUKw Inflation continues to grip not only the United States, but also the world. We’ll discuss the impact it’s having on markets and how some investors are looking to hedge a volatile week in trading. And could the dominance of …
by confoundedinterest17 Pending home sales in the USA tanked 6.64% YoY. Yes, it was for December, but down 6.64% YoY means that pending home sales are lower than last December. And the stock market was up across the board as Powell …
https://twitter.com/PriapusIQ/status/1483697971728429060 https://twitter.com/WifeyAlpha/status/1483777562002214912 UK Wage Hikes Zeroed by Inflation Inflation has nullified increases to wages in Britain last year, with workers experiencing a decline in pay in real terms in November, the Office for National Statistics (ONS) revealed on Tuesday. The …
by confoundedinterest17 The 10-year Treasury Note yield rose to 1.869% this afternoon as Freddie Mac’s 30-year mortgage commitment rate rose to 3.45%. And if you like The Fed Funds Futures data, it is pricing in 4 rate hikes by The Fed …
by confoundedinterest17 That Bidenflation is really hurting Americans. Start with the UMich Buying Conditions for Houses. It “rose” to 83. Unfortunately, 100 is the baseline and any number below 100 is bad. The reason? The massive increase in US home prices …
by Shaun Richards We have a New Year and we find we have a new subject albeit it comes with a familiar theme for us. I may have mentioned Kazakhstan before via its role as a fossil fuel provider but …
by confoundedinterest17 With just three days until Christmas, we are seeing gold (gold line) rise, the US Dollar (green line) fall and the major Crytos Bitcoin and Ethereum remain quiet. And the US Treasury 10Y-2Y slope is back to where is …
by confoundedinterest17 While the Bureau of Labor Statistics uses a lame measure of house price inflation, US existing home sales MEDIAN PRICE YoY is growing at 13.9%. US existing home sales rose by 6.46 million units SAAR, less than the expected …
by confoundedinterest17 (Bloomberg) — The amount of money that investors are parking at a major central bank facility climbed to yet another all-time high as supply-demand imbalances continue to dog U.S. dollar funding markets. Eighty-one participants on Monday placed a total of $1.758 trillion …
by confoundedinterest17 The Freddie Mac 30-year mortgage commitment rate rose to 3.12%. But once we subtract the gut-wrenching inflation rate, the REAL 30-year mortgage rate is -3.689%. The nominal Freddie Mac 30-year commitment rate rose to 3.12% which is still lower …
U.S. inflation rate swells to 39-year high of 6.8%. Americans paying higher prices for almost everything The numbers: The cost of living climbed again in November and drove the rate of U.S. inflation to a nearly 40-year of 6.8%, putting more …
ISTANBUL — Lines outside bread stores and gas stations; farmers defaulting on loans; impromptu street demonstrations. The signs of economic distress in Turkey are all too clear as the lira continues a dizzying slide. Sporadic protests have broken out around …
As she waited for a Metro train in Hollywood, Maritza Mancilla shielded herself behind the escalator bringing passengers down into the fluorescent lit underground. She wanted to see the newcomers before they could see her. The 55-year-old, who relies on …
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