Independent thinking for complex markets and current events
The housing crisis intensifies as Wall Street-backed corporate landlord, Invitation Homes, acquires 264 homes in Las Vegas for $98 million. This mega-deal is part of a $650 million exchange, involving nearly 1,900 single-family rental homes between Starwood Capital and Invitation Homes. With 3,500 homes now owned in Clark County, Invitation Homes becomes the second-largest owner …
Berlin has reiterated its position on refraining from supplying Taurus cruise missiles to Ukraine, even as it decried the relentless Russian bombardments on Ukrainian territories. The German government, through its spokesperson Steffen Hebestreit, has emphatically stated that there has been no change in their stance regarding the provision of these long-range missiles to Kyiv, branding …
Inflation in essential areas, including car insurance, car repair, transportation, rent, homeowner costs, and food away from home, far exceeds the 3.2% CPI headline rate, challenging the notion of a broader decline in prices and signaling an ongoing affordability crisis for consumers. While CPI inflation is at 3.2%, inflation is much higher in many basic …
As we approach the new year, a shift toward credit risk is expected, replacing interest-rate concerns, according to Mohamed El-Erian. The recent steep drop in October’s Producer Price Index (PPI), the largest since April 2020 during the Covid lockdown, heightens worries. Fitch predicts ongoing challenges for US regional banks in 2024, and with earning trends …
Global manufacturing PMI dropped to 47.6 in October, the lowest since Covid and below the 50 threshold for 14 months, indicating a clear global slowdown, with the decline driven by activity components while price pressures remained steady. 1/5. October global manufacturing PMI was down by 1pt to 47.6, the lowest level since Covid and below …
BREAKING: Strong earthquake tremors felt in Delhi, India pic.twitter.com/tpd7BeDPtv — Insider Paper (@TheInsiderPaper) November 6, 2023 NOAA KP 4+ Warning 4.67 The NOAA Kp is rising. Possible G1+ magnetic storm developing.Get real-time geomagnetic storm alerts, data & forecasting @ https://t.co/gPHn0yaSDN pic.twitter.com/rWi1gxymhf — Carrington App (@CarringtonApp) November 6, 2023 Wow. Northern Wyoming checking in pic.twitter.com/UTl3yheweY — …
The significant disparity in the cost of Israeli Iron Dome missiles and Hamas homemade rockets sheds light on the allocation of taxes, raising questions and discussions about the utilization of funds in the ongoing conflict. 🚨🇮🇱 Each ISRAELI Iron Dome missile costs $100,000 or more. 🇵🇸 Each Hamas homemade rocket costs $300. 🚨🇺🇸 If Americans …
The current economic landscape is giving rise to growing concerns, with labor market deterioration, tightened lending standards by banks, and persistent inflation creating a potential stagflationary environment that could impact consumers’ purchasing power and lead to an economic slowdown. This situation, where interest rates rise while prices surge, is beginning to resemble past scenarios that …
US housing situation keeps getting worse pic.twitter.com/aTjlWu6cDi — Bravos Research (@bravosresearch) November 2, 2023 https://www.salon.com/2023/11/02/maga-and-christian-nationalism-bigger-to-america-than-hamas-could-ever-be/
The Ukraine conflict remains in an unchanging stalemate, with Russia holding eastern regions and little frontline movement. The situation suggests a prolonged, costly endeavor with unclear objectives. Is it ever going to end? The Ukraine war is a stalemate. Russia has already captured the eastern portions of with primarily Russian speaking populations. The lines are …
The ongoing property crisis in China is taking an epic turn, with the nation’s real estate index plummeting back to 2009 levels, marking an approximate 80% drop from its peak. This alarming situation prompted Chinese President Xi to make his first-ever visit to the central bank, signaling a shift towards a much-needed fiscal stimulus. China …
BREAKING: House Oversight Committee says it is launching an investigation into the Biden admin's efforts to conceal details about its ongoing secret nuclear negotiations with Iran from Congress. pic.twitter.com/DEuxUM6y0x — Insider Paper (@TheInsiderPaper) October 11, 2023 JUST IN – House Oversight launches investigation into Biden admin's "ongoing secret nuclear negotiations" with the Iranian regime. — …
The public focuses on the stock market but this bond market is much more important to the economy. There are major consequences for all the banks who hold Treasury Bonds. The level of unrealized losses has probably gone through the roof and possibly hundreds of banks are technically insolvent if they had to mark their …
Eagle Pass is currently in a state of chaos, witnessing mass illegal crossings that have persisted for over an hour and a half. This scene is reminiscent of the events almost two years ago when over 15,000 Haitians gathered under the bridge in Del Rio. However, this time, the crowd is predominantly composed of Venezuelans. …
via naturalnews: Russia has fined tech giant Google three million rubles ($32,000) for not taking down what the country deemed as false information about its special military operation in Ukraine. “[The court hereby rules to] find Google guilty of committing an administrative violation under Part 2, Article 13.41 of the Code of Administrative Offenses of the …
by DesmondMilesDant As you can see from the charts above, Invitation Homes and American Homes 4 Rent are no longer on a buying spree. This is likely due to the mortgage rate shock and COVID-19 recession.
Prosecutor says Hunter Biden probe ‘ongoing,’ but defense lawyer says plea deal closes case The federal prosecutor leading the investigation of Hunter Biden said Tuesday the probe isn’t over yet, but a lawyer for the president’s son says his guilty plea on tax and weapons charges will close the case. U.S. Attorney David Weiss of …
🚨🚨🚨 The FBI confirmed the unclassified record alleging then-VP Biden engaged in a $5 million bribery scheme is from a highly credible informant & being used in an ongoing investigation. The FBI refused to hand over the doc. I will hold Director Wray in contempt of Congress pic.twitter.com/2p1fNdmBJ1 — Rep. James Comer (@RepJamesComer) June 5, …