A hub for independent voices and signals
In a heartbreaking reflection of the current state of housing affairs, a staggering 36% of Gen Zers and millennials gearing up to purchase their first homes cling to hope in the form of cash gifts from family. This reliance on …
Russia Announces 'Substantiated Evidence' Of Ukraine Link To Crocus Hall Terrorists https://t.co/JmoEm1ACyh — zerohedge (@zerohedge) March 28, 2024 BREAKING: Terrorists involved in the Moscow Crocus City Hall attack reportedly received large amounts of payments in cryptocurrency which has been traced …
Sharp increase in mortgage borrowers filing for bankruptcy called ‘worrying trend’ More Canadians are beginning to crack under the pressure of increased mortgage payments, new data on consumer credit showed today. Article content Mortgage delinquency rates were up more than …
Interest payments on $34 trillion US national debt will exceed DEFENSE spending this year – as legendary investor Paul Tudor Jones says a ‘debt bomb’ set to go off in US Interest payments on the US national debt will eclipse …
SACRAMENTO, California — California state lawmakers introduced a slate of reparations bills on Wednesday, including a proposal to restore property taken by “race-based” cases of eminent domain and a potentially unconstitutional measure to provide state funding for “specific groups.” The …
The latest revelation about the debt crisis in America is nothing short of alarming. With a staggering 29.6% of residents in the nation’s 100 largest metros falling behind on at least one debt payment during the third quarter of 2023, …
🚨 Fani Willis accused of hiring a man she was in a romantic relationship with to prosecute Donald Trump and play a prominent role in the election interference case, bombshell court documents claimhttps://t.co/4tbMbSUmlM — Benny Johnson (@bennyjohnson) January 9, 2024 …
The Incredibly Ballooning US Government Debt Spikes by $1 Trillion in 15 Weeks to $34 Trillion.Interest payments threatening to eat up half the tax receipts may be the only disciplinary force left to deal with Congresshttps://t.co/4qD6tEfp9E pic.twitter.com/WlTbn3Q5L4 — Wolf Richter …
Millions of Americans strapped with student loan debt are still not paying their bills after a three-year payment hiatus ended this fall. Federal student loan payments restarted at the beginning of October after President Biden declined to extend the pandemic-era …
Times are tough, and we’re breaking down the impact on individuals and the auto industry.
by confoundedinterest17 We are on a Highway To Hell! Massive Federal Budget deficits and staggering payments to Treasury from The Fed (losses on balance sheet) and $212 TRILLION in unfunded promises to the non-elites. Under Modern Monetary Theory (or print money …
The response from White House press secretary Karine Jean-Pierre raises concerns about transparency regarding Hunter Biden’s financial dealings. The House Oversight Committee’s report suggests direct monthly payments from Hunter’s business entity to President Joe Biden, prompting questions about the nature …
via atlantablackstar: A Republican state senator from Florida introduced a constitutional amendment on Monday, Nov. 27, aimed at prohibiting the state and all local level governments from paying reparations to Black residents for slavery. Sen. Blaise Ingoglia of Spring Hill, who is …
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 …
by confoundedinterest17 Another day, another dose of bad fiscal/monetary news. Not surprising with the US Treasury being run by Janet Yellen, who doesn’t seem to know much economics. In fact, with Biden/Congress spending like drunken sailors in port, inflation and The Fed’s counterattack, …
by _BreakingGood_ PYPL (Paypal) smashed growth estimates SQ (Block) smashed estimates SHOP (Shopify) absolutely surged after reporting that they smashed estimates AAPL reported extremely strong Apple Pay growth, smashing estimates
by TonyLiberty The US housing market is at its most unaffordable level in 39 years, with mortgage rates at record highs near 8%. Monthly principal and interest payments on a median-priced home have surpassed $2,500 for the first time since …
by confoundedinterest17 Appartently, Joe Biden and fellow big spenders in Washington DC, Mordor on The Potomac, don’t care about fiscal discipline. With seemingly endless spending of wars (Ukraine, Israel, Taiwan and the invasion at our southern border, and inane “green” …
The Royal Bank of Canada raises concerns about Canadian homeowners facing potential payment shocks, especially as 60% of Canadian mortgages are set to renew within the next three years. The Royal Bank of Canada is warning that Canadian homeowners could …
The US’s mountain of debt has become a cause of concern for investors this year. The government is likely to spend more on interest payments than on defense over the next five years, per Capital Group. The ballooning debt burden …
via theglobeandmail: Richmond Hill, Ont.-based real estate developer Sunrise Homes has defaulted on a court-ordered settlement to repay the millions of dollars it owes to lenders caught up in the collapse of Canada’s one-time largest syndicated mortgage company Fortress Real …
by waitingonawait Friend thinks this will be a nuke to the economy. https://www.reuters.com/world/china/chinese-developer-country-garden-faces-fresh-offshore-payments-deadline-2023-10-09/ HONG KONG, Oct 9 (Reuters) – China’s Country Garden (2007.HK) may announce a restructuring plan for its offshore debt soon, local media reported on Monday, as the country’s largest …
A buyer on a $3,000 monthly budget can afford a $419,000 home with a 7.7% mortgage rate. Read more: https://t.co/PjUD0QHHd7 — unusual_whales (@unusual_whales) October 8, 2023 via unusualwhales: A buyer on a $3,000 monthly budget can afford a $419,000 home …
WeWork Inc. shares slid 25% on Tuesday morning to their lowest price on record after the company skipped interest payments due on five of its bonds. The co-working firm withheld $37.3 million of cash and $57.9 million of in-kind payments …
US housing market affordability is, by far, at its lowest point in history. Even in the worst part of the 2008 financial crisis, affordability was ~15% BETTER than its current levels. With the recent move higher in treasury yields, we …
by TheRealJugger You’re all in luck: “Borrowers with the lowest projected lifetime earnings will see payments per dollar borrowed fall by 83%” For reduced payment: https://www.whitehouse.gov/briefing-room/statements-releases/2023/08/22/fact-sheet-the-biden-harris-administration-launches-the-save-plan-the-most-affordable-student-loan-repayment-plan-ever-to-lower-monthly-payments-for-millions-of-borrowers/ For the not being fully penalized first year: https://www.cnbc.com/2023/07/05/biden-gives-student-loan-borrowers-some-leeway-when-payments-restart.html Interest will still be …
via Mike Shedlock: President Biden does not want student loan payments to start. The easiest way is to make it an understaffed, complicated mess. Purposeful Student Loan Mess Interest on student loans restarts on September 1 with payments starting in …
