Independent thinking for complex markets and current events
by confoundedinterest17 Can we ask the US House and Senate if they will ever return US Federal government spending to pre-Covid levels? Both US Federal government spending and public debt are up 56% since the Covid outbreak in 2020. The answer is no. Politicians thrive on Federal spending.
The pressure is not just building. It is bursting through the seams. More than 5,300,000 student borrowers are now in default. Another 4,000,000 are about to be hunted down when federal collections resume on May 5. These are not small figures. They represent lives unraveling under debt that was never meant to be repaid in …
And today, someone was burned alive… which means Kathy Hochul lied, again. https://t.co/etvurtJEqw — Liberacrat™️ (@ViralVideos) December 23, 2024 The number of major crimes in NYC (defined as murder, rape, robbery, felony assault, burglary, grand larceny, and grand larceny of an automobile) has risen by about 32% since 2019's pre-COVID numbers. pic.twitter.com/lpaZl2pwSV — Hunter📈🌈📊 (@StatisticUrban) …
In case there is still any confusion: "Prices are unlikely to return to pre-Covid levels. It would probably take a historically painful recession to engineer that degree of deflation. In other words, past inflation is mostly water under the bridge for the Fed." – BofA — zerohedge (@zerohedge) December 26, 2023 The survey, which polled …
by confoundedinterest17 US personal savings are being exhausted as The Fed raises rates to fight inflation. I call this phenomenon “low riding” where consumers are being punished by The Federal Reserve and Biden Administration. Meanwhile, large bank loan volumes are shrinking. With money-market fund assets hitting new highs, and banks’ usage of The Fed’s emergency funds facility at …
by DesmondMilesDant Only thing left is Student loan (start sept) and Mortgages (start once you lose your job next yr)
by confoundedinterest17 I wonder which season the US economy is in, according to President “Chance the Gardener” Biden. If you believe the recovery talk (from the reckless Covid economic and school shutdowns of 2020), all is well in the (economic) garden. For example, M2 Money Velocity (GDP/M2), is almost back to where it was just …
by confoundedinterest17 The University of Michigan consumer survey results are out and there is good news! Sort of. The UMich Buying Conditions for Houses rose to 47 in July! That is the good news. The bad news? It was at 142 in the last month before Covid and the economic/school shutdowns. That is -67% lower …
by confoundedinterest17 I could have used 3 shades of Joe, but 50 shades of Joe sounds better! But the fact remains that Americans are far more miserable under Biden than they were under Trump before the Chinese Wuhan Covid virus was unleashed. 9.03 today (Core CPI YoY + U-3 Unemployment) than it was in February …
by confoundedinterest17 The good news? Mortgage purchase demand fell only -0.05% from last week. The bad news? Mortgage purchase demand is down -35% since Resident Biden was sworn in. And mortgage refinancing demand is down a whopping -90%. Reason? Mortgage rates are up 128% under Clueless Joe. Mortgage applications increased 0.5 percent from one week …