by confoundedinterest17 The December CoreLogic Case-Shiller home price indices are out … for December 2022. And it shows that the CS National home price index growth continues to slow as The Fed tightens its monetary noose. December’s YoY growth was 5.76%. …
by confoundedinterest17 The important labor market cost index, the US Employment Cost Index (ECI) fell in Q4 2022 to 1.0%, down from 1.2% in Q3. Notice that ECI is falling as M2 Money growth falls. Fed meeting coming on Wednesday!
by confoundedinterest17 The US housing market continues to struggle as The Federal Reserve continues to fight inflation. Today’s pending home sales are another nail in housing casket. Pending home sales declined -34.4% year-over-year (YoY) as M2 Money growth went negative (-1.3% …
by confoundedinterest17 The US residential mortgage market seems to be born under a bad sign … and if it wasn’t for The Federal Reserve, it would have no luck at all. It is the start of a new year and, like clockwork, …
by confoundedinterest17 The NFIB Small Business Optimism Index is plunging and just fell below 90. The index was above 100 before the Wuhan virus outbreak in 2020, but has only been at 100 or above for only two months under …
by confoundedinterest17 US existing home sales in November collapsed by -38.6% YoY as M2 Money growth runs out of gas. The above chart is similar to yesterday’s “Ski Slope” chart of US home prices YoY. What will President Biden do about …
by confoundedinterest17 The US housing market continued to sag in October as the impact of higher mortgage rates and concerns over the economy rattled buyers and sellers. Prices fell 0.5% from September, the fourth consecutive monthly decline for a seasonally adjusted …
by confoundedinterest17 ADP’s jobs added in November shows a continued downward trend in private jobs added as The Fed merrily tightens its monetary follicy. On the good ship Follypop!
by confoundedinterest17 The Federal Reserve continues to remove the monetary punch bowl despite the global yield curve inverting and The Fed fighting Bidenflation. On the mortgage front, mortgage applications decreased 0.8 percent from one week earlier, according to data from the …
by confoundedinterest17 The Thrill Is Gone … from cryptocurrencies. The cryptocurrency market is getting hammered thanks mostly to two things: 1) Sam Bankman-Fried’s horrid failure with FTX (fraud, Enron, front-running, stupid investors, Democrat-Ukraine connection) and 2) Fed tightening to combat high inflation. …
by confoundedinterest17 The October Senior Loan Officer Opinion Survey on Bank Lending Practices came out yesterday and its a doozy. The Net Percentage of Domestic Banks Reporting Stronger Demand for Mortgage Loans is sinking faster than Joe Biden’s oratory skills as The Fed tightens their …
If Powell tightens into a crisis, he can then pivot & safely (for him) do what central banks have always done. And most mkt participants will beg him to do it. If he pivots before a crisis & inflation accelerates, …
by confoundedinterest17 Mortgage applications decreased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 7, 2022. As mortgage rates soar with Federal Reserve tightening. The …
by confoundedinterest17 Wipe Out 2! In addition to global equities taking a massive hit, cryptocurrencies Bitcoin and Ethereum have fallen -72% since November 2021 as The Fed (aka, The Sugar Shack) tightens interest rates. Torquay!
by confoundedinterest17 Fannie Mae’s Home Purchase Sentiment index has declined from 81.7 shortly after Biden was sworn-in as President to a meager 62.8 in July 2022. Of course, mortgage rates have risen quite rapidly and home price growth remains elevated as …
Instagram….CANCELLED One week after placing a ban on Facebook in Russia, the country’s communications censorship agency Roskomnadzor announced it will ban Instagram, too. Russia will ban Instagram in 48 hours https://t.co/VzBmgmLYBC pic.twitter.com/OR9fj9RglR — The Verge (@verge) March 11, 2022 So …
The magnitude of the heat across the western United States through the coming week will be one for the record books, according to forecasters. And it’s not just how hot it will get that will set this particular heat wave …
Danish Prime Minister Mette Frederiksen and a coalition of liberal and conservative parties have agreed to impose tighter controls on citizenship, vowing to deny naturalization to criminal convicts and the recently unemployed. The Ministry of Immigration and Integration Affairs announced on Tuesday …
Authored by Tom Luongo, Governments have lost control of the narrative that they are in control of events. Everyday I wake up to another instance of outrageous censorship from some ‘social media’ company blocking or banning someone for no apparent reason. …
Why do you think that Italy has decided to do this? Do you believe gold is important to Italy? I have considered the possibility that if Italy is eventually going to collapse and end up with the Lira again, having …
Asian Debt Defaults to Rise as Currencies Weaken, Liquidity Tightens China, India cited as main spots to watch for more nonpayments Shadow banking crackdown, rising rates hurting weak borrowers A growing chorus of observers expect debt defaults in Asia will …
https://www.youtube.com/watch?v=m8wQ2jZ5A4o Zhihu, China’s answer to Quora, announced Monday that the platform has upgraded its community management rules, comment system, and security system, local media is reporting (in Chinese). The platform will maintain the rights to suspend comment functions and open …