Independent thinking for complex markets and current events
It's true, if you need a loan to buy the avg priced home, you can't qualify for a loan to buy the home. Seems simple. $430,300Average home price in the United States: $430,300. The median home sales price is $431,000 as of the third quarter of 2023. That's a 31% increase from… — floridanow1 (@floridanow1) …
by confoundedinterest17 There is a sudden fire in housing as housing starts soar in November. Housing Starts: Privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,560,000. This is 14.8 percent above the revised October estimate of 1,359,000 and is 9.3 percent above the November 2022 rate of 1,427,000. Single‐family housing starts in November …
Americans' savings rates slid again in the third quarter, per Axios: pic.twitter.com/sBEvKXNTjn — unusual_whales (@unusual_whales) December 14, 2023 The economic landscape in the United States is becoming increasingly challenging as Americans grapple with a combination of dwindling savings rates, soaring restaurant prices, and a weakening U.S. Dollar Index ($DXY). The latest Consumer Price Index (CPI) …
Want to know why housing prices are unaffordable? 1) Low interest money printing by the Federal Reserve the past few years 2) BlackRock, WEF banks, and hedge funds intentionally buying up single family homes so “you’ll own nothing and be happy” by 2030 3) Record illegal alien… https://t.co/yxxAfrMUlh — DC_Draino (@DC_Draino) December 12, 2023 80% …
Amid an acute housing shortage, soaring prices, and sky-high rents, a groundbreaking 28% of single-family homes in the United States were snapped up by investors in 2022. The surge in investment has led to growing concerns about affordability, prompting the introduction of a bill aimed at restricting hedge funds from dominating the single-family home market. …
Gold may have hit an all-time high earlier this week but on an inflation adjusted basis it remains 20% below the 1980 peak pic.twitter.com/yKUScQ7laZ — Barchart (@Barchart) December 6, 2023 Poland bought 300t recently — Jan Nieuwenhuijs (@JanGold_) December 5, 2023 Moody's has cut China's credit outlook to negative. Moody's also recently lowered the United …
This frustration is a common sentiment. While official statistics report a modest 5% increase in food outside the home, many consumers, like this individual, perceive a more significant rise, possibly around 20%. It’s not just about the cost; there’s concern about diminishing quality in both food and service. The gap between official figures and lived …
by confoundedinterest17 Where has all the GDP gone? Not to wages. As expected, Q3 Real GDP was revised upwards to 5.2% annualized. Of course, this shatters JKP’s talking points that Biden inherited a train wreck of an economy from Trump. Q3 2020 Real GDP grew at over 30%. And on a year-over-year (YoY) basis, US real GDP grew …
Looks like wall street investors are selling off their houses for cheap. Might be a good idea to buy for a family. AC
In a harrowing turn, new home prices have plummeted by a staggering 18%, marking the most significant annual decline on record, surpassing even the depths of the 2008 financial crisis. The grim reality intensifies as builders face a crisis, with mortgage demand hitting its lowest since 1994, and housing defaults soaring to levels not seen …
In an unprecedented turn of events, the real estate market is witnessing a significant shift as new home prices are poised to dip below existing home prices for the first time since 2005. This reversal in the traditional pricing dynamic suggests a notable change in the housing landscape. The median price for new homes has …
As oil prices face their fifth consecutive weekly loss, a trend not seen since December 2021, the market reacts with nearly a 5% decline attributed to OPEC’s decision to delay their meeting. The reported cause, “production disagreements,” marks a notable crack in OPEC’s unity, the first sign of such strain since the pandemic began. Oil …
via CNBC: Sales of previously owned homes were 4.1% lower in October compared with September, running at a seasonally adjusted annualized rate of 3.79 million units, according to the National Association of Realtors. It was the slowest sales pace since August 2010. Analysts were expecting a smaller drop, to 3.9 million units. Sales were down …
The recent ruling by the German constitutional court, declaring the government’s Climate Budget fund as illegal and unconstitutional, has delivered a sudden blow, tearing a significant 60-billion-euro hole in the budget virtually overnight. With an additional 200 billion euros at stake, intended for economic and societal stabilization amid escalating energy costs, the potential fallout casts …
As economic indicators paint a foreboding picture, the descent of oil prices in gold terms serves as a stark warning, signaling the potential for a hard landing. The alarming reality is further underscored by a concerning 30% rise in business bankruptcies in the United States during the twelve-month period ending September 30, 2023, according to …
https://www.youtube.com/watch?v=6KwtJhaLqzw We have good news if you’re in the market for a new or used car: The U.S. auto market is finally facing the shift everyone was waiting for – prices are reporting significant month-over-month declines, and a set of factors, including a higher-than-expected rise in supply, will lead to even steeper price cuts in …
CNN – Restaurant prices are way up. You might want to head to the supermarket. “If you’re watching your budget, it might be time to skip the drive-thru and head to the supermarket. In the 12 months through October, higher restaurant prices drove food prices above overall inflation, even as grocery prices were relatively low. …
via naturalnews: Did you know that electricity prices in Germany are triple the cost of electricity here in the United States, all due to Germany’s “green” energy policies? In recent years, Germany has been phasing out coal and nuclear energy in a way that has been described in German media as “not well coordinated with the …
by confoundedinterest17 President Biden reminds me of Cousin Eddie, the dimwitted cousin of Clark Griswold’s wife in the Vacation movies. Except that Cousin Eddie is a nice dimwit while Biden is a nasty dimwit. And politcal stooge. Given that turkey prices are up 321% under Biden, the famous Thanksgiving line “Save the neck for me, Clark” is …
https://www.youtube.com/watch?v=9mV36_Fqlkc Being a carnivore has never been so expensive. According to the USDA, beef prices soared to another record high this week, and are expected to face a 100% increase next month compared to the same period a year ago. Steaks will likely be out of the dinner table of many Americans in the coming …
by WyatteSmith So, fuel prices are plummeting. My W/S cost of E10 87 Octane went from: $2.76/G MONDAY to $2.47 today. That is in Wisconsin WITH taxes. Diesel went from $3.58 MONDAY to $3.18 today!!! Here is why. The economy just went tits up. One of my stores sells, on average, 22,000 G of clear …
https://t.co/KraPDgOOQm — Win Smart, CFA (@WinfieldSmart) November 16, 2023 More Chinese cities record falling home prices in October BEIJING, Nov. 16 (Xinhua) — More Chinese cities reported falling home prices in October, official data showed Thursday. The National Bureau of Statistics said 56 of 70 large and medium-sized cities saw month-on-month drops in new home …
As gold in Japan inches closer to another record-breaking high, the economic woes persist, with the country’s economy contracting at its most rapid annualized quarterly pace in two years during the third quarter. This juxtaposition underscores the prevailing economic challenges and the continued appeal of gold as a safe-haven asset in times of uncertainty. Gold …
With beef prices continuing to skyrocket, demand has shrunk and forced many of the largest food producers to import cheaper alternatives. Tyson Foods is among those who have been “squeezed” into not only importing more but also exporting less. Tyson CEO Donnie King in August warned low cattle inventories were leading to difficult export market …
by confoundedinterest17 Even eating breakfast under Bidenomics is more expensive. Particularly if you like orange juice like I do. To save money, I am probably going to have to switch to nasty-tasting Tang. Food CPI is up 3.69% year-over-year. The rate of growth in food prices is slowing. But do I trust BLS data on …
The recent moves by Denmark’s Climate minister to make EU farmers pay for their greenhouse gas emissions and the discussion of a carbon tax on beef and dairy production are nothing short of outrageous. It’s a short-sighted approach that doesn’t address the core issue but instead puts the burden squarely on the shoulders of farmers …
The alarming truth is that the soaring rental costs are taking a toll not only on low-income individuals but also on those with above-average incomes. This unforgiving rental market is compelling people to relocate further away from their workplaces in search of more affordable housing. 🔊 … can't afford rent Increases in rent affecting even …
YouTube has become the latest platform to increase its prices, following in the footsteps of Netflix, Apple TV+ and Disney+. The price of the YouTube Premium family plan, which allows six accounts to use the same subscription, will increase by £2 from £17.99 to £19.99 in the UK. Meanwhile, in the US and Canada, costs …
