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‘It Is A Risky Proposition’: Homeowners Are Skipping Out On Insurance As Premiums Skyrocket Some Americans are choosing to go without home insurance as the cost of premiums continues to rise, according to The Wall Street Journal. Over the past three years, many people who have paid off their mortgage …
via Mike Shedlock: A friend of mine in the shipping business has comments on a trucking article he sent. Let’s tune in. Truck image courtesy of Produce News Truck Rates Abysmal, But Some lanes Active Produce News reports Truck Rates Abysmal, But Some lanes Active Two transportation brokers report that truck …
The monthly mortgage payment based on a median existing home is now at a record $2,322/month. This is double the $1,200 peak seen in 2008. Keep in mind, $2,322/month does not include taxes, insurance or any other costs associated with buying a home. If you add in taxes and insurance, …
by Dismal-Jellyfish Source: https://www.federalreserve.gov/monetarypolicy/fomcminutes20230726.htm Developments in Financial Markets and Open Market Operations: The manager turned first to a review of developments in financial markets over the intermeeting period. Market participants interpreted data releases as generally demonstrating economic resilience and a further easing of inflation pressures. The market-implied peak for the federal …
Real yields on 10-year Treasuries closed yesterday at the highest since 2009. pic.twitter.com/Ujfb0Lco7l — Lisa Abramowicz (@lisaabramowicz1) August 15, 2023 Nominal yields keep going higher and this affects corporate bonds $LQD, therefore cost of refinancing is increasing. We can expect this chop into the market to keep going while investors …
JUST IN – India's retail inflation rose sharply to 7.44% in July due to surging food costs. — Disclose.tv (@disclosetv) August 14, 2023 Retail inflation in July breached the upper-end of the Reserve Bank of India’s tolerance level for the first time in five months due to surging food costs, …
Claim: Bidenomics is working because prices are going down. “Bidenomics is indeed working when – when we say that — you look at the data, right? Cost is going down, right? We think about inflation,” White House press secretary Karine Jean-Pierre said in an interview this week. Verdict: False. In …
Energy stocks are only 5% away from recent highs. If historical correlations matter, it is hard to believe oil won't follow the same path. That alone would imply a 48% return from its current levels. As a crucial contributor to inflation, rising energy costs could have a… pic.twitter.com/fBZ60dhWlO — Otavio …
Higher cost for consumers… ” How Yellow’s Bankruptcy Is Rippling Through the U.S. Economy – WSJ ” ” Industry experts say they expect prices to rise with Yellow’s rates now off the table for many shipping customers.” https://www.wsj.com/articles/yellow-bankruptcy-us-economy-e2761b0b “… we are anticipating that freight rates will actually increase over these …
Moody’s cuts US banks due to rising funding costs and Rising risk tied to Commercial Real Estate (CRE) loans Moody’s Investors Service hs lowered credit ratings for 10 small and midsize US banks and said it may downgrade major lenders including U.S. Bancorp, Bank of New York Mellon Corp., State …
by Chris Black Japanese investors have already begun adjusting investment portfolios away from U.S. bonds in light of rising FX hedging costs (https://archive.is/BGtTQ) and in anticipation of higher JGB yields (https://archive.is/8MWKR). Official sector data (https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html) show a notable decline in Japanese holdings of Treasuries, a slight decline in Agency MBS, …
by Chris Black Yeah, well. Maybe we should change the way we produce food? No one really disagrees with that. https://www.youtube.com/watch?v=ygtyAggJDyA The Guardian: A leading discount supermarket in Germany has raised the prices of a selection of its products to reflect their real cost on people’s health and the environment. …
India’s rice export ban has triggered panic buying at US supermarkets, causing the price of a 20-pound bag to surge from $16 to almost $50 in some stores. The south Asian country, which accounts for 40 percent of world rice exports, ordered a halt to its largest rice export category, …
Following the COVID era, we have entered a period of fiscal dominance among major developed economies. Hence, the escalating debt burden is already near historical levels and compounding at an alarming pace. — Otavio (Tavi) Costa (@TaviCosta) July 22, 2023 Quantitative tightening policies are the central banks' own version of …
by bullsarethegoodguys Societe Generale Since the Federal Reserve began aggressively hiking interest rates last year, more and more economists warned that a US recession was imminent. But that recession has not yet arrived, and there’s no sign a recession is near even after reliable indicators like the inverted yield curve …
The US government interest payments on the Federal debt are now higher than the annual defense spending. This is likely the initial stages of a trend, and if no solutions are implemented, other components of the fiscal agenda may soon be constrained by the escalating cost of… pic.twitter.com/hBY2haxNyG — Otavio …
A McDonald’s outlet has come under fire for charging nearly $18 for a Big Mac meal – after the firm was accused of ‘greedflation.’ The Connecticut restaurant, located by a popular interstate, drew attention for its inflated menu prices – with other burger meals also listed for the same cost. …
via naturalnews: Rates of car insurance have hit highest levels in the past 30 years as cost of claims soared since the pandemic, due to more accidents, higher repair costs, bigger medical bills and increased litigation. The Wall Street Journal reported that many insurers have experienced significant losses over the last few years, which only means that …
Ht @RealEJAntoni And the longer that rates stay at this level, more and more debt matures and gets refinanced at these higher rates. So the debt interest expense is going to keep going higher. 🔥 pic.twitter.com/WDEUlt9EFd — Wall Street Mav (@WallStreetMav) July 13, 2023 Every time US tax receipts have …
by Dismal-Jellyfish https://www.federalreserve.gov/monetarypolicy/beigebook202307.htm Overall Economic Activity Overall economic activity increased slightly since late May. Five Districts reported slight or modest growth, five noted no change, and two reported slight and modest declines. Reports on consumer spending were mixed; growth was generally observed in consumer services, but some retailers noted shifts away …
Cost of college tuition has risen 710% since 1983 (1200% if you go back to 1980). CPI Inflation meanwhile? 194% 🤨 pic.twitter.com/DD1ftPrkB2 — Wall Street Mav (@WallStreetMav) July 10, 2023
A Saskatchewan court has ruled that sending someone a thumbs-up emoji could indicate a contractual agreement. The case in question was between South West Terminal Ltd. (SWT) and Achter Land & Cattle Ltd. over a flax contract. SWT argued that a text message with a thumbs-up emoji was understood as …
Rents are dropping. 📉 Hardest-hit cities include Austin, Las Vegas, and Phoenix, where rental rates are down -6% over the last year. Meanwhile – taxes, insurance, and interest costs are up significantly. Cocktail that could mean forced selling in H2 2023. pic.twitter.com/nKiLmPRW0V — Nick Gerli (@nickgerli1) July 4, 2023 “Landlords …
via theguardian: Car insurance is the latest household bill to go through the roof, with angry motorists complaining that prices are shooting up by as much as 70% when their policy comes up for renewal. While fuel prices have dropped back from 2022’s record highs the latest inflation bulletin from the Office for National …
For context: the entire 1776-mile transcontinental railroad cost $1.2 Billion in today’s money. It was completed in 1869. — Austen Allred (@Austen) June 21, 2023
Buying NVIDIA shares today costs you 40 times historical annual revenues. That's 40 years to get your money back, assuming $0 cost, 0% tax and a 100% payout ratio. Good luck! pic.twitter.com/tYUZc3Ito8 — Michal Stupavsky, CFA (@MichalStupavsky) June 20, 2023 Due to the fact that sell-side analysts' forward estimates are …
by Simian_Stacker Nearly a million Aussie borrowers about to learn the difference between “homeowner” and “mortgage payer”. via news.com.au: Hundreds of thousands of Aussies are bracing to fall off a ‘mortgage cliff’ which could cost them as much as an extra $24,000 a year. On Tuesday, Australia’s central bank increased interest …
Donald Trump is the most persecuted president and candidate in American history. Why are they so afraid of him? Here’s why: https://t.co/VdCoJQCfm7 — Benny Johnson (@bennyjohnson) June 8, 2023 — Mark Meadows Flips on Trump, Agrees to Plead Guilty to Federal Charges in Exchange for Immunity Deal: Report As DOJ …