Independent thinking for complex markets and current events
by David Haggith 70% of Americans now understand what is really happening in the US economy, and they SERIOUSLY don’t like it. Under a chaotic government where real data just isn’t available, even the Fed no longer trusts what little data is coming out. For example, Fed Chair Jerome Powell doesn’t buy the government’s job …
The Umich sentiment survey highlights that mainstream media reporters aren’t overly concerned about depicting the economy positively, as consumer sentiment reflects the harsh realities of maxed-out credit cards, elevated interest rates, and a weakening job market. This survey sheds light on a concerning reality: despite the media’s attempts to paint a rosy picture of the …
by betsharks0 > In September 2022, adjustable-rate mortgages (ARMs) made up around 9% of all new home loan applications to lenders, according to the Mortgage Bankers Association (MBA) So are these people basically f***ed? The median house payment in the US is now at $2,605/month. This is up 19% compared to 2022 and the most expense median …