via dailymail.co.uk: Rent growth is outpacing increases in income across the country – adding to the financial squeeze on tenants. Average rents have risen by 134.9 percent since 1999, while incomes have gone up by 76.8 percent in the same …
by confoundedinterest17 Resident Biden has been an unmitigated disaster for the US middle class, but fantastic for BIG corporate America and the donor class. Mortgage applications increased 6.3 percent from one week earlier, according to data from the Mortgage Bankers …
BREAKING NEWS FROM CHICONGO! h/t Barry Miacockener
by TonyLiberty Banks never have the full amount of cash on hand to cover all deposits, they use deposits to make loans or investments
Credit conditions in Europe are tightening at the fastest pace since 2009. via Bloomberg pic.twitter.com/QEQEEgK9lm — Daniel Lacalle (@dlacalle_IA) May 1, 2023 The banking crisis is just beginningWe have called it right for months The worst is yet to come …
by confoundedinterest17 So much for the hopium spread by the Biden Administration and Realtors in general. US Pending Home Sales crashed -23.3% YoY and -5.2% MoM for the 16th straight month of negative growth in pending home sales. Wasting again …
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 …
NYC has changed a lot since 9/11.pic.twitter.com/bo2QRFQ7I6 — @amuse (@amuse) April 22, 2023
by BoatSurfer600 As Commercial Real Estate Market Struggles, Blackstone Falls Victim to Meltdown | 36% drop in first-quarter distributable earnings compared The commercial real estate (CRE) industry, valued at $20 trillion, has been facing a significant decline after decades of …
by Dismal-Jellyfish Source: https://www.newyorkfed.org/research/home-price-index What did the housing data say in February? From the National Association of Realtors: The median existing-home sales price decreased 0.2% from the previous year to $363,000. Existing-home sales jumped 14.5% in February to a seasonally …
A recession is coming — and stock markets won’t come through it unscathed, strategist says
via thehill: As the country heads towards a debt ceiling showdown later this summer, a dangerous idea is gaining currency. It is that the U.S. Constitution makes debt default impossible. This idea risks breeding complacency among our politicians about the …
https://www.bloomberg.com/news/articles/2023-04-19/corporate-bonds-are-being-cut-to-junk-at-fastest-pace-since-2020?leadSource=reddit_wall h/t DesmondMilesDant
by confoundedinterest17 It’s only mid April and mortgage demand should be approaching it’s yearly high. But under Biden and The Fed, mortgage demand seems to have peaked earlier than normal. It’s already late in mortgage cycle. Mortgage applications decreased 8.8 percent from …
The United States is facing possibly its worst intelligence leak since Edward Snowden flew to Moscow after a new batch of classified documents appeared on social media. More than 100 classified documents relating to Ukraine, China, the Middle East, the …
by Dismal-Jellyfish https://fred.stlouisfed.org/series/DPSACBW027SBOG A little less than a year ago, the high was hit 4/13/2022 at $18,158.3536 billion Folks have pulled $967.516 billion in deposits since 4/13/2022 Folks have pulled $500.1433 billion in deposits since 2/22/2023 Folks have pulled $110.992 …
via CNBC: Tesla cut prices in the United States between 2% and nearly 6%, its website showed on Thursday, as the company extends a discount drive on its electric vehicles that analysts caution could hurt profitability. The fifth such cut …
Every MacOS sold since 2018 contains the original Bitcoin manifesto Discovery was made by tech blogger Andy Baio who questioned whether it had been placed there by a crypto enthusiast working for Apple Bitcoin has seen a 24 percent increase …
Might be a helpful read https://t.co/TuAeSlFxs3 — Indian Business Gurus (@IndBizGuru) April 7, 2023 Bank of America Lifts Gold Forecast by 10PC to $US2200 an Ounce As the peak for interest rates comes into view, Bank of America is forecasting …
Everything is bust.Banks, commercial real estate, blue states.Hearing rumblings around insurance too.The printing will be on a historical scale.As will the desire to exit the printing.https://t.co/1CYulSV5PN https://t.co/ZQADD0jUZZ — Balaji (@balajis) April 3, 2023 Just so you know…they are out of …
Nearly two-thirds of consumer spending goes to services. That’s where the inflation action is. By Wolf Richter for WOLF STREET. Energy prices continued to drop, and prices of some goods dropped from the crazy spike in 2021, and food prices are increasing at …
"Since taking office on Jan. 1, Bragg has downgraded 52% of felony cases to misdemeanors"https://t.co/cikLIYuypN — RNC Research (@RNCResearch) March 31, 2023
by Martin Armstrong A number of people have asked why does Socrates say that the United States will lose this war. One states: “The standalone American firepower without UK/ France, etc, itself is tremendous. How does Socrates say that America …
US Banks are seeing the largest drop in bank deposits since the Great Financial Crisis pic.twitter.com/l5OVEBKUXA — Cheddar Flow (@CheddarFlow) March 29, 2023 A 'Second Wave' Of Deposit Outflows Is Coming For The Banking Sector In a new note today, …
by BoatSurfer600 This ship is heading for a iceberg 🚨 Getting out now before it it gets ugly ? pic.twitter.com/AJNNoACJAO — Wall Street Mav (@WallStreetMav) March 29, 2023 Billion dollar banks are trading like shitcoins pic.twitter.com/6Wc0DfUr5t — Financelot (@FinanceLancelot) March …
According to government watchdog GovTrack, Fetterman has missed 53 of the 64 Senate roll call votes held during February and March. His average falls well beyond the lifetime record for missed votes for all current senators, which stands at 2.3%. …
by BuzzMonkey “It took Mr. Gruenberg’s agency roughly two weeks to find a buyer for parts of the bank, and FDIC agreed to give Raleigh, N.C.-based First Citizens a $16.5 billion discount on $72 billion in loans and a pledge …
by confoundedinterest17 Alarm! New home sales rose 1.11% since January and is down -19% since last February (YoY). The median price of new home sales is down a whopping -8.18% since December 2022. And average price is down -12.83%.
