‘highest

Bidenomics At Work! Mortgage Rates Hit Almost 8% (Highest Since July 2000 Under Bill Clinton), Deficits This High Usually Occur During Recessions And HIGH Unemployment

by confoundedinterest17 Joe Biden, who has always been a compulsive liar but at least sounded cognicent, is now babbling and whispering that Bidenomics works. But for who? Clearly not for first time homebuyers or people looking to move. Bankrate’s 30-year mortgage rate is up to almost 8%, the highest since July 2000 and Willy Slick …

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The average 30-year fixed-rate mortgage reached 7.8% this week – the highest level since 2000.

by John-Wetter-2310 If you’re picturing a bunch of bank executives in capes, cackling maniacally as they raise interest rates, you’re not alone. The incredibly sharp rise in mortgage rates has left prospective buyers shocked. In fact, mortgage demand is at its lowest levels since 1995. ​ Why is this happening? Two main reasons: The Federal …

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Slowdown! ADP Jobs Added Slows To +89k As Credit Card Delinquencies At Small Banks Hit Highest Level Even Recorded (7.51%)

by confoundedinterest17 The US is experencing a slow down. The massive Federal government and Federal Reserve Covid stimulus has worn out and we are left with a sagging jobs report and soaring credit card delinquencies. After ADP’s reports printed almost perfectly in line with BLS last month (+177k vs +187k), all eyes are on today’s print, …

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Oil Breached yearly highest price range and still going up

by IceIceBaby1233 Chart courtsey : Trading Economics BREAKING: Crude oil prices surge toward $94 and are now trading at their highest levels since August 2022. Oil prices are up 38% in just 3 months and the national average gas price is about to cross $4.00. Furthermore, oil prices are now 35% ABOVE where the US …

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Biden’s Mortgage Market! Purchase Demand Down -27% Since Last Year As Mortgage Rates Hit Highest Level In 20 Years

by confoundedinterest17 Wasting away again in Biden’s Mortgage Market! Looking for our lost economy. Mortgage rates moved to their highest levels in over 20 years as Treasury yields increased late last week. The 30-year fixed mortgage rate increased to 7.41 percent, the highest rate since December 2000, and the 30-year fixed jumbo mortgage rate increased …

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Earnings being revised upwards despite leading economic indicators contracting; US deficit spending as a percentage of GDP is at its highest point outside of war or recession since 1960

Analysts are repeating the same mistake made during the 2008 Financial Crisis by revising earnings upwards despite a contraction in leading economic indicators, raising major warning signals. The US is experiencing deficit spending near 10% of GDP, reaching levels last seen in 2008, yet the Fed maintains that there is no recession in sight, leading …

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Australia – Almost 20,000 More People Died Last Year ‘Than Anticipated’ – The Highest Excess Death Rate Since WWII

Almost 20,000 more people died in Australia last year than anticipated, with just more than half dying because of COVID-19 as the country recorded the highest number of excess deaths since World War II. New data from the Actuaries Institute, published on Monday, estimates there was a 12 per cent spike in excess deaths in …

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Credit Card Loans Delinquency Rate Highest in 10 years – The “resilient consumer” is slowly but surely closing in on the cliff

Delinquency Rate on Credit Card Loans, All Commercial Bank. The “resilient consumer” choochoo train is slowly but surely headed towards the cliff. We have been saying it almost forever, but the train is closing in slowly for the big crash. NORDSTROM: “.. we have seen delinquencies rising gradually and they are now above pre-pandemic levels, …

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Severe auto loan delinquency highest since 2006

Severe delinquency for auto loans is highest since at least 2006. Yet, the jobs market is strong. So basically, no one has any idea what's going on. [via Wall Street Journal] pic.twitter.com/i0SvkjCrvB — Car Dealership Guy (@GuyDealership) August 21, 2023

Treasury yields reach highest since 2007; Liquidity issues in Treasuries; Investors demand higher compensation for US government debts and elsewhere.

Treasury Yields Reach Highest Since 2007 Amid Elevated Rate Fears: Rising Real Yields Reflect Firmer Economy and Higher Deficits; 10-Year Yield Surpasses 4.34%, Marking Highest Level Since Financial Crisis The US bond-market selloff resumed Monday, driving 10-year yields to a 16-year high, as the persistently resilient economy has investors positioning for interest rates to remain …

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Global Treasury Yield Hits 15-Year High, Back To 2008 Despite No Change In Industrial Production (REAL 10Y Yield Now Highest Since 2009, Approaching 2%)

by confoundedinterest17 This is very strange. Global Treasury Yields just rose to a 15-year high (2008). This is primarily due to Central Bank moneta And REAL 10-year Treasury yields also the highest since 2009. At the same time, US industrial production is at the same level as pre-financial crisis (2007). Despite Federal Reserve monetary stimulypto …

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US recession probability showing highest level since 1980’s for May ’24

by marketsimulator Source: https://www.newyorkfed.org/research/capital_markets/ycfaq.html#/overview The yield curve as a leading indicator uses the 10y-3mo value to predict the probability of recession. July report came out last week and May ’24 is higher than any time in the last 40 years at 70.85%. Estimates currently go through July ’24. This is not the fed’s official prediction but …

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Something is about to break: Real yields break things up here, at 185bps, the highest since Lehman. Bond markets anticipate spiraling debt interest expense due to increased rates.

Real yields break things up here, at 185bps, the highest since Lehman. pic.twitter.com/7od1pAtJLB — Lawrence McDonald (@Convertbond) August 15, 2023 Yes for sure. Bond markets understand that, on top of the continued large deficit spending, interest expense on the debt is going to start spiraling as rates increase. This expense will be nearly impossible to …

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10-year yields rise above pre-SVB collapse, highest since 2009. Higher nominal yields impact corporate bonds, increasing refinancing costs. Will we see another blow-up in the next few weeks?

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 move from growth to value …

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European natural gas prices surge 40% today, reaching highest since March 2022, with worker strikes potentially limiting supply

European Natural gas prices just spiked 40% today ALONE. This is the biggest daily increase since March 2022. A long-lasting worker strike is likely to limit supply, Citigroup estimates EU natural gas prices could double. The never-ending fight against inflation continues. pic.twitter.com/RqTHNCE203 — The Kobeissi Letter (@KobeissiLetter) August 9, 2023

Sun blasts out highest radiation recorded.

So many of us on here and people I know over the last 10-15 years or so now have some edification. We’ve been saying the sun is brighter, hotter, not yellow like when we were kids, etc. According to this article, something is up with the sun. “We thought we had this star figured out, …

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No one is prepared: Money-market funds are offering the highest yields since 2007; NVDA can take down the entire stock market alone; Speculators are more short treasuries now than they ever have in history…

Markets are RED https://finviz.com/futures.ashx Money-market funds are offering the highest yields since **2007** The yield on 100 of the largest mm funds recently hovered at 5.13%, highest in 16 years –Crane Datahttps://t.co/5pmUpnhAae @WSJmarkets pic.twitter.com/eTNjZdcaod — Gunjan Banerji (@GunjanJS) August 8, 2023 https://twitter.com/leadlagreport/status/1688894857132085248 Speculators are more short treasuries now than they ever have in history… at …

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US corporate bankruptcies at highest level since 2010

🚩🚩 𝗨𝗦 𝗖𝗢𝗥𝗣𝗢𝗥𝗔𝗧𝗘 𝗕𝗔𝗡𝗞𝗥𝗨𝗣𝗧𝗖𝗜𝗘𝗦 𝗔𝗧 𝗛𝗜𝗚𝗛𝗘𝗦𝗧 𝗟𝗘𝗩𝗘𝗟 𝗦𝗜𝗡𝗖𝗘 𝟮𝟬𝟭𝟬 Full Story → https://t.co/4TpL3JARAz Total Chapter 11 filings in the first seven months of 2023 surpassed the total filings for the previous year. pic.twitter.com/M4ZRmAC1RY — PiQ (@PiQSuite) August 7, 2023 Number of M&A deals YTD pic.twitter.com/luXVXQUst9 — zerohedge (@zerohedge) August 7, 2023

Inflation Alert! Bank of England raises interest rates to highest level since the Great Financial Crisis.

by Dismal-Jellyfish https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2023/august-2023 Highlights: The BoE decided to raise the Bank Rate by 0.25 percentage points to 5.25% with a 6-3 vote. New projections assume the Bank Rate will peak at just over 6% and average just under 5.5% over the next three years. Economic growth has been steady, but recent indicators show possible weakening. …

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