Credit card debt is a serious issue today as it has surged at a record pace. Inflation is everywhere today! Real estate continues to increase in price right now as we see low interest rates keep this going. There is …
by confoundedinterest17 The Federal Reserve released its monthly consumer credit report for May and its a doozy. Non-revolving credit increased the most in history! At the same time, Wells Fargo announced it is shutting down all personal lines of credit. The …
https://www.youtube.com/watch?v=asct_lziJQ8 Will and Amala are back today to talk about human trafficking at the southern border in an exclusive interview with Operation Underground Railroad founder Tim Ballard. PLUS, China shut down the last free newspaper in Hong Kong, PragerU’s new …
by Shaun Richards Some days the economic news just rolls neatly into the current economic debate and this morning is an example of that. If we look at Spain we are told this. The annual rate of the general Industrial …
by confoundedinterest17 I call this the “Great Slosh.” (Bloomberg) — Usage at the Federal Reserve’s facility for overnight reverse repurchase agreements Wednesday surged to a new record high for a third consecutive day. Seventy-three participants took $813.6 billion, which exceeded Tuesday’s all-time high of $791.6 billion …
INFLATION SURGES Inflation accelerated at its fastest pace in more than 12 years for April as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday.The Consumer Price Index, which measures a basket …
by Shaun Richards Today brings us up to date with what is now a year of the Bank of England going what can be called all in on monetary policy. We have seen its Bank Rate cut to 0.1% and …
by GoldCore News reports flooded the precious metals news websites that China has drastically increased its quota on how much gold that nation’s banks can import. “China has given domestic and international banks permission to import large amounts of gold …
by confoundedinterest17 The Treasury markets are getting blasted like in Thunderdome from Mel Gibson’s Mad Max Beyond Thunderdome. (Bloomberg) — The popularity of one Federal Reserve overnight deposit facility has surged as investors look for shelter from negative rates in short-term markets, which …
Josh Sigurdson talks with author and economic analyst John Sneisen about the flash crash of several currencies versus the Japanese Yen as many theorize many retail investors were bailing out of loss-making positions. The Japanese Yen broke through levels that …
After five days of early voting in North Carolina, turnout resembles early voting from the presidential election in 2016 – not a mid-term election. Even though there is no Senate race on the ballot, both Republicans and Democrats seem eager …
Countries lacking access to reliable financial systems are increasingly finding aid within Bitcoin and other cryptocurrencies as a means of economic liberation. OTC platforms like CoinCola offer a fast and easy way to buy and sell Bitcoin, as well as …
$CBOE $VIX Option volume surges to highest level since June! Half million contracts in first two hours, calls lead puts 5:2 @Options @CBOE pic.twitter.com/mlpKFSOIMF — Trade Alert (@OptionAlert) October 4, 2018 $spx $yield pic.twitter.com/AtQiDViCgP — Álvaro Oviedo (@alvoviedo) October 4, …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Rents plunge in Chicago, Honolulu, New York, Washington DC, and others, but surge in many markets. Across the US in August, the median asking rent for 1-bedroom apartments rose 2.2% from a year ago, to $1,209. For two-bedroom …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is not good. What’s causing the drop-off in pending home sales in the US, and in particular in the West? Surging home prices that have outrun wage increases for years? Mortgage rates that hover around …
Cash extraction at the peak of a long housing bubble, via multiple mortgages on the same property: Does that ring a bell? By Daniel Wong, Better Dwelling: Canadian real estate price spiked in 2017, and a lot of homeowners have already …
Bad habits die hard. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. So it is that banks in Spain are once again beginning to significantly relax their lending standards. This includes the resurrection of the 100% mortgage, a high-risk instrument …
by GoldCore – Global debt time bomb surges to nearly a ‘Quarter Quadrillion’ ($250T) – “The $247 trillion global debt bomb” Washington Post warn – Debt surges globally and global debt is up almost $150 trillion in just 15 years according …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The peculiar phenomenon that started last November was this: One-bedroom median asking rents in the US were skyrocketing in the double-digits, even as two-bedroom rents were barely ticking up and remained below the rate of inflation …
by GoldCore Key Metric LIBOR OIS Signals Major Credit Concerns – Widening of the spread between LIBOR OIS (overnight index swap) rate raises concerns – Spread jumped to 9 year widest spread, rising to 54.6bps, most since May 2009. – …
Trade deficit jumps 5% to $56.6 billion as Trump readies steel tariff via Jeffry Bartash The numbers: The U.S. trade deficit climbed 5% in January and hit a nearly 10-year high, continuing a steady rise since President Trump took over that …
BY SRSROCCO After the U.S. Government passed the new budget and debt ceiling increase, with the President’s signature and blessing, happy days are here again. Or are they? As long as the U.S. Government can add debt, then the Global Financial …
by Anthony B Sanders You know cryptocurries are hot when the restaurant chain Hooters develops a cryptocurrency rewards progam. {Bloomberg) Add Chanticleer Holdings Inc. to the list of companies racking up big stock-market gains by jumping on the cryptocurrency bandwagon. Shares of …
By Chris Black According to the latest data released on Friday, illegal immigration on Mexico border has surged unexpectedly, and it’s now back to Obama-era levels, which means that President Trump’s gains with regard to border crossings are beginning to …
by Umar Farooq Apple’s stock is driving upwards due to investors’ expectations that the new iPhones launch, due in September, on the 10th anniversary of the original iPhone’s introduction, will be dazzling enough to inspire existing iPhone users to …
By Michael Snyder Gallup’s U.S. Economic Confidence Index has never been higher than it is today. The “Trumphoria” that has gripped the nation ever since Donald Trump’s miraculous victory on election night shows no signs of letting up. Tens of …