prices

Cottage Cheese? Mortgage Applications Down 17% Since Last Week, Purchase Applications Down -60% Under Biden/Harris (Housing Prices Up 34.2% Under Biden/Harris While Mortgage Rates Up 138.6%)

by confoundedinterest17 I would like to see Kamala Harris explain why mortgage purchase applications are down -60% under Biden/Harris Presidency. Other than a word salad answer. Or Cottage Cheese. Mortgage applications decreased 17.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending October 11, …

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Rising inflation-driven prices and budget deficits persist, likely increasing regardless of administration change; The closest thing to actual money in this system is gold

“Inflation driven price increases aren’t letting up, and neither are inflationary budget deficits that are likely going to keep going higher, regardless of which candidate begins a new Administration in January. Source: CBO” Inflation driven price increases aren't letting up, and neither are inflationary budget deficits that are likely going to keep going higher, regardless …

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Oil prices soaring and eliminating the largest source of disinflation; The bond market is revolting against the Fed

Five year trend shows geopolitical risks create a floor, but long-term supply-demand trend is weak due to manufacturing weakness pic.twitter.com/NSn9PlR8OH — Daniel Lacalle (@dlacalle_IA) October 7, 2024 “This morning, yields on the U.S. 10-year bond soared over 4%. This continues a non-stop rise in yields following the Fed’s 50 basis point rate cut on September …

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Will we ever let house prices fall again?

via notayesmanseconomics Today gives us an opportunity to look at the dog that did not bark. Was that not a Sherlock Holmes theme? We can start with the research student presenting the morning meeting at the Bank of England who will have a smile matching this sunny morning in London. LONDON, Oct 7 (Reuters) – …

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Tide is Turning… Buyers are gaining the upper hand in the housing market as a top real estate CEO warns sellers about high asking prices: ‘The sharks come out, and it will hurt you even more’

The U.S. housing market is now tilting in favor of buyers, who are pushing back against the high home prices that sellers are demanding, according to Compass cofounder and CEO Robert Reffkin. He told CNBC on Wednesday that 30% of the inventory on the market has seen a price drop, which is more than anytime …

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Oil prices dip below $70, signaling weakening demand. Economic outlook clouds retail sales.

🚨OIL PRICES CONTINUE TRENDING LOWER AS DEMAND WEAKENS🚨 WTI crude oil is trading below $70 a barrel and is down 7% this month. Since the April peak oil has fallen 28% despite the Middle East tensions. Global supply remains ample while demand drops rapidly weighing on prices. pic.twitter.com/jqRGnligCA — Global Markets Investor (@GlobalMktObserv) September 30, …

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Experts warn of rising prices and empty shelves as dockworkers strike for an 80% raise, demanding a total ban on automation of cranes, gates, and container-moving trucks.

Experts warn store prices will soar and shelves will be empty as greedy dockworkers strike over 80% pay raise. A lengthy shutdown of 36 ports – which handle half of America’s cargo from ships – could raise cause shortages and price increases at big and small retailers alike as the holiday shopping season approaches. Walmart, …

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On The Harris/Walz Price Control Scam: PPI (Prices Producers Paid) Soared MORE Than CPI (Prices Consumers Paid)

by confoundedinterest17 Kamala Harris and Tim Walz have produced a destructive proposal to solve the inflation problem: price controls. Her biggest supporters like Elizabeth Warren and Ohio’s Sherrod Brown love the idea of meddling in the private sector, But I would be symapatheic to their arguement if consumer prices soared more than producer prices. However, …

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Negative Electricity Prices in the EU are a Problem not a Boon

via notayesmanseconomics I thought that I would look at energy prices in Europe and we start with the general theme that high electricity prices are causing deindustrialisation. In fact when one looks at the numbers the ongoing recession has caused a depression. We have become used to numbers like this. In July 2024, compared with …

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The U.S. government is running a $2 trillion deficit, while gold prices rise, signaling a potential fiscal disaster ahead.

This is absolutely mind-boggling! The U.S. government has normalized running a $2 trillion deficit. They better hope there's never an economic downturn, or things could get catastrophic… Oh wait… pic.twitter.com/xZjW4JZkKm — The Cytadel (@thecytadel) September 12, 2024 Gold rising with rising US real rates conveys a simple message that has surprised many US investors but …

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Record large trade deficits for food supply.

‘As a physiocrat, this is the most alarming chart I’ve ever seen.’ https://twitter.com/1CoastalJournal/status/1834457143770317229 Soft landing confirmed 🛬 pic.twitter.com/zX7MgPiaV1 — The Coastal Journal (@1CoastalJournal) September 13, 2024 Source: https://www.ers.usda.gov/topics/farm-economy/farm-sector-income-finances/highlights-from-the-farm-income-forecast/ Under the Biden/Harris insane regulatory agenda, every aspect of getting food to your kitchen table became astronomically more expensive – from soil/farming equipment rules to trucking costs …

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Chinese Stocks fall to lowest prices since January 2019. 3-year yields close near record lows.

BREAKING 🚨: China Chinese Stocks fall to lowest prices since January 2019 pic.twitter.com/It0LO0kZkC — Barchart (@Barchart) September 12, 2024 China 3-Year Yields Close Near Record Lows pic.twitter.com/r7Pu9jg8lr — Sunchartist (@sunchartist) September 12, 2024 2/8The article goes on to note that "in 2018, at the height of VC investment, 51,302 start-ups were founded in China, according …

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Home Prices FALLING FAST! Housing Market 2024

According to the latest housing market data from realtor.com home prices are now falling at the fastest rate in five years. Simultaneously new listings are up 36% year over year. This is great for any would be buyers, but the situation will only get better the more buyers hold out for better deals in the …

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Remember when I warned them that they would inflate prices until they all didn’t have jobs? Guess they didn’t listen

Remember when I warned them that they would inflate prices until they all didn't have jobs? Guess they didn't listen https://t.co/mLaEA8sLw3 — Darth Powell (@VladTheInflator) September 5, 2024 THIS is the right attitude from the housing industry. Lower prices means transactions can get done again https://t.co/RG51mglTp1 — Darth Powell (@VladTheInflator) September 5, 2024 Lower rates …

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Private equity execs fleeing U.K. to tax havens…..you are stuck with their inflated home prices

https://www.msn.com/en-us/money/personalfinance/ar-AA1pMdyP “She added: “People with hundreds of millions of pounds [are leaving] because changes can be more impactful for them.” Those packing their bags and moving overseas are typically entrepreneurs and private equity executives in the top income bracket, she said. Italy, the United Arab Emirates (UAE) and Switzerland are among the most popular destinations.” …

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Market flipped from “rush to buy before rates go up” to “wait before buying until prices go down some more”. Lower rates? Nice, but who wants to buy a falling knife?

JUSTI N: A record number of buyers backed out of purchase deals in July due to high costs and economic worries, per Redfin. — unusual_whales (@unusual_whales) August 30, 2024 Buyers’ Strike Deepens: Pending Home Sales Drop to Record Low Despite Surging Supply & Much Lower Mortgage Rates that Already Price in Massive Rate Cuts Pending …

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How long can the U.S. economy rely on asset prices? How high the unemployment rate could soar if consumers halt spending this winter?

“The question is how much longer can the US economy be propped up by asset prices?” The answer is: the economy is being propped by government spending that gooses asset prices at the expense of the people that pay for it through #inflation https://t.co/a96qCMia2P — JustDario 🏊‍♂️ (@DarioCpx) August 29, 2024 Initial claims begins to …

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Man exposes grocery stores for inflating egg prices using deceptive ‘cage-free’ labels

@sidemoneytom What eggs are you buying #eggs #egg #grocery #groceries #grocerystore #fyp #food #foryou #dairy ♬ original sound – SideMoneyTom Rising food prices have become a major concern as they are becoming a burden for household budgets, at a time when professionals are scrambling for additional income. But even in such dire times, some retailers …

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Big Bubbles! US Home Prices Up 6.47% YoY, Hit All-time High As Fed Keeps Foot On Monetary Gas Pedal

by confoundedinterest17 Big bubbles! US home pricest hit an all-time high as The Fed keeps its foot on the monetary gas pedal following the Covid economic shutdown in 2020. Home prices in America’s 20 largest cities rose for the 16th straight month in June (according to the latest data from S&P CoreLogic – Case Shiller – data …

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‘Joy’ and ‘Hope’ in Kamala Harris’s America: Car Insurance Prices up 54%

Americans are having a hard time finding the “joy” and “hope” that Democrat elites touted during their August convention, as they struggle to pay their bills while the cost of goods skyrockets. This includes car insurance prices, which, under Vice President Kamala Harris’s watch, rose 54 percent. Data from the Bureau of Labor Statistics show …

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With Record Prices, How Much Is a Gold Bar Worth?

Gold prices have set a series of all-time high price records over the last few months. Today we discuss a different sort of record – and the forces driving gold’s price even higher… From Peter Reagan for Birch Gold Group This week, Your News to Know rounds up the latest top stories involving precious metals and …

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Commiela Harris Insiders Walk Back Claim That Price Control Plan Will Cut Prices, Admit It “Might Actually Not Do Anything”

Insiders in Vice President Kamala Harris’ orbit are reportedly walking back her suggestion that her proposed grocery “price gouging” ban would lower prices for consumers, The New York Times reported Wednesday. Harris debuted the “price gouging” ban proposal during a Friday speech in North Carolina, and she was roundly lambasted for what many criticize as …

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