Independent thinking for complex markets and current events
Trump changed tariff rules just before the deadline. He slapped 40% duties on all transshipped goods. If a country is not on the latest list, its goods will get an extra 10% tax. The new rates start for goods entering the US at 12:01 a.m. Eastern Daylight Time, seven days after the order, with some …
The metals are not rallying. They are sounding the alarm. Gold futures tapped $3,413 this morning. Spot gold briefly broke through $3,390 before easing. Silver surged above $39. The reflation story is no longer just a theory. It is in motion. The currency bleed is on full display. Dollar index slipped below 98 again. That …
Once again, the American taxpayer is left footing the bill for Hillary Clinton’s luxurious lifestyle, this time in France. In February 2024, Clinton traveled to Bordeaux, a charming city known for its wine but now tied to another extravagant retreat funded by the U.S. State Department. The trip, allegedly for promoting climate change initiatives at …
It's called targeting of the opposition party. How is this legal? When do they go in front of the Senate Oversight committee or other to explain all this? — floridanow1 (@floridanow1) February 4, 2025
by confoundedinterest17 We are all riders on the Biden housing storm. Existing-home sales have finally started to improve on a seasonally adjusted basis after a three-year decline. Cause? Raging home prices combined with higher than normal mortgage rates. Home prices are up 35.4% under Biden while conforming 30Y mortgage rates are up 148%.
China has transformed itself from a minor player in the auto industry two decades ago to the world leader in car production and exports, particularly in electric vehicles (EVs), the New York Times reported late last month. But the trend of China’s impact on the global auto market has been best characterized by this chart, …
Don’t forget the property taxes and insurance increases due to the inflated home value. h/t Zaejii