Independent thinking for complex markets and current events
High propensity applications drop to 30 percent of total and only one in three ever hire anyone. America is forming businesses at a record pace, but almost none of them are creating jobs byu/RobertBartus inEconomyCharts America is forming businesses at a record pace, but almost none of them are creating jobs: US monthly business applications …
In its 250th year, is America, land of immigration, becoming a country of emigration? Last year the U.S. experienced something that hasn’t definitively occurred since the Great Depression: More people moved out than moved in. The Trump administration has hailed the exodus—negative net migration—as the fulfillment of its promise to ramp up deportations and restrict …
U.S. car loan applications are being rejected at the highest rate in more than a decade 🚨🚨 pic.twitter.com/eGVthWpyRJ — Barchart (@Barchart) January 25, 2026 Record missed car payments are fueling concerns about the health of subprime auto lenders, with recent high‑profile bankruptcies and elevated delinquencies suggesting systemic credit stress beyond just rejection rates. https://www.bloomberg.com/news/articles/2025-11-14/record-missed-car-payments-fuel-angst-over-subprime-auto-lenders
View post on imgur.com After years of scientific research, extensive public engagement, and Federal expert review and deliberation, on March 28, 2024, the U.S. Office of Management and Budget (OMB) published the results of its review of Statistical Policy Directive No. 15 (SPD 15) and issued updated standards for maintaining, collecting and presenting race/ethnicity data across federal agencies. The …
Young people are using ChatGPT to write their applications; HR is using AI to read them; no one is getting hired. Harris started looking for his first real job months before his graduation from UC Davis this spring. He had a solid résumé, he thought: a paid internship at a civic-consulting firm, years of volunteering …
Landlords are reporting a huge surge in apartment applications. Especially in luxury apartment communities with strong absorption and higher occupancy rates. This comes after 2+ years of rental rate cuts in the U.S., where developers who overbuilt were forced to reduce rents in markets like Nashville, Austin, Phoenix, and Las Vegas. Now, the rent could …
by confoundedinterest17 Mortgage applications decreased 3.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 30, 2025. This week’s results included an adjustment for the Memorial Day holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.9 percent …
Why is law school a recession indicator?? — frost paladin (@jots0x) April 23, 2025 It takes you out of the game for 3 years while you're getting your degree. In theory, you return more qualified. Means they can't find a job with their current qualifications and they already have a BA. — Sorry T. Offend …
by confoundedinterest17 Fed Chair Jerome Powell is apparently waiting for the tariff “war” to settle down before he pushes for interest rate cuts. Meanwhile, rising mortgage rates are hurting consumers and the mortgage industry. Mortgage applications decreased 12.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications …
42% of mortgage refinance applications are being rejected, the highest rate in AT LEAST the last 12 years 🚨 pic.twitter.com/iWWzTkUrUz — Barchart (@Barchart) April 15, 2025
by confoundedinterest17 The mortgage market got its mind set on a recovery, but Biden’s mindless economic policies have jammed up the mortgage market. Example? Mortgage applications are down in a season where they typically increase. Mortgage applications decreased 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications …
by confoundedinterest17 The US economy is gradually recovering from Bidenomics (government/donor dictated spending). Mortgage applications increased 11.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 7, 2025. The Market Composite Index, a measure of mortgage loan application volume, increased 11.2 …
by confoundedinterest17 I call this the house latitudes. Horse latitudes is a belt of calm air and sea occurring in both the northern and southern hemispheres between the trade winds and the westerlies. And when the ships motion stalled, the crews would jetison their cargo of horses to the delight of sharks! So, we are in state of HOUSE latitudes …
by confoundedinterest17 Well, its that time of year again. Mortgage applications drop to their lowest levels after Christmas until New Years Eve. Then mortgage applications pick up in the new year. Mortgage applications decreased 21.9 percent from two weeks earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending …
by confoundedinterest17 Fortunately, the Biden/Harris administration is winding down. On the mortgage side, the mortgage market is already gone under Biden/Harris where mortgage purchase applications are down a whopping 60%. Mortgage applications increased 1.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November …
Toronto’s rental crisis is spiraling out of control. Over half of rental applications are now ensnared in fraud traps, as soaring costs and economic pressures take their toll. The city is witnessing an alarming increase in fake IDs, manipulated credit reports, and counterfeit employment letters. This surge in fraud is wreaking havoc on landlords, with …
Home values are now dropping across states like Georgia, Tennessee and South Carolina. As inventory levels spike and the housing downturn in Florida spreads to other states. Homebuyer demand in 2024 continues to falter, as mortgage brokers are reported a 45% slump in mortgage applications compared to pre-pandemic levels through mid-October. Who wants to buy …
by confoundedinterest17 I would like to see Kamala Harris explain why mortgage purchase applications are down -60% under Biden/Harris Presidency. Other than a word salad answer. Or Cottage Cheese. Mortgage applications decreased 17.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending October 11, …
US: Bank prime loans & NFIB short-term loan rates Soon to fall? 🤔 pic.twitter.com/SLE8afYmoM — Win Smart, CFA (@WinfieldSmart) October 9, 2024 “The most recent surveys by the NFIB show that business conditions are deteriorating quickly for smaller companies that create about 65% of the jobs in the US. I could show you a dozen …
Hundreds of people from 63 countries packed into a Riverside theater last week to take the oath of citizenship. American flags lined the stage as messages conveying the immigrants’ new power played on a large screen: “Today, I am an American. Today, I am a citizen of the country I serve. Today, I can register …
In total, he said he’s applied for about 1,500 jobs unsuccessfully, getting five to 10 rejections daily this year, screenshots shared with BI show. He’s redone his résumé over 25 times, spending $300 for a professionally created one that yielded zero interviews — which he got partially refunded. He’s asked his friends in IT and …
by confoundedinterest17 The slowing US economy has a silver lining: Treasury and mortgage rates are declining. And the is spurring faster mortgage prepayments. Mortgage applications increased 6.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 2, 2024. The Market Composite Index, …
by confoundedinterest17 Housing in the US is simply unaffordable. Particularly since home prices and mortgage rates have soared under Biden. .Owning a house is less affordable for average earners in the US than at anytime in 17 years. The costs of a typical home — including mortgage payments, property insurance and taxes — consumed 35.1% of the …
Applications for unemployment benefits now surge to new highs, a sign that the white-hot labor market is starting to cool off. First-time applications for unemployment benefits rose last week to 231,000, the highest level since August, per CNN. Thursday’s data also showed that the number of continuing claims, or applications from people who have filed …
Consumers Unable To Access Equity, Recent Survey Finds A recent Bankrate survey reveals that rising interest rates have created significant barriers for Americans seeking loans and financial products. Since the Federal Reserve began increasing its benchmark rate in March 2022 to combat inflation, nearly half of all applicants have been denied, according to the survey. …
Massachusetts Institute of Technology (MIT) announced that it would no longer mandate prospective hires to pledge allegiance to diversity, equity, and inclusion principles as a condition of employment, making it the first elite university in the United States to discard the practice. This decision marks a significant departure from the prevalent trend among elite universities …
https://twitter.com/GayBearRes/status/1786212729629335720 https://twitter.com/GayBearRes/status/1786215842549547386
by confoundedinterest17 Housing in the US is simply unaffordable, particularly after HUD levied new regulation rising the cost of new housing up to $31,000. Wait for this to kick into the data for mortgage demand! Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications …
As of Monday, immigrants can now select a third gender option, or “X,” when applying for naturalization. The U.S. Citizenship and Immigration Services (USCIS) released a news alert that revealed that it had revised Form N-400, the Application for Naturalization, to provide “Another Gender Identity,” the first USCIS form to do so. “Historically, USCIS forms …
The recent directive from the Biden administration instructing banks not to reject loan applications from illegal immigrants has sparked frustration and disbelief. Many citizens, struggling to meet their basic needs, express concern about shouldering the financial burden. Legal residents find themselves denied loans while those who haven’t contributed to the system receive preferential treatment. The …