A hub for independent voices and hard truths
🚨BANK OF CANADA CUTS RATES🚨 Why does this matter? They did so in the face of persistent shelter inflation In Canada in March, shelter prices increased by 6.5% year-over-year, with rent increasing by 8.5% THEY CUT ANYWAY. America, your move …
Home prices are dropping thanks to high mortgage rates weighing on demand. The 30-year fixed mortgage rate edged up last week, hovering above 7%. Real estate experts expect affordability to slowly improve as inventory rises and borrowing costs ease. Home …
Zillow’s mobile app no longer allows you to adjust the interest rate percentage to see what your estimated monthly payment would be if interest rates were lower byu/alltorntogether inREBubble Zillow’s decision to remove the direct adjustment of interest rates from …
In early March, U.S. banks faced substantial unrealized losses, ominous figures hinting at potential disaster. At the end of 2022, these losses hit $1.7 trillion, nearly matching the total equity of U.S. banks, which stood at $2.1 trillion. Rising interest …
https://twitter.com/futureecogold/status/1795884879890030931 Municipal Bonds and Yields: Municipal bonds (often called “munis”) are debt securities issued by states, local governments, or other public entities. They serve as a crucial financing tool for infrastructure projects, schools, hospitals, and other public needs. The yield …
The recent insights into consumer sentiment and economic outlook paint a complex picture of financial strain and diverging spending patterns across different segments of the economy. With 31% of recent home buyers citing financial challenges like budget constraints and high …
US consumer borrowing has ground to a halt. Tapped out? pic.twitter.com/KH335Qw4lD — PPG (@PPGMacro) May 29, 2024 The recent data on U.S. consumer borrowing paints a concerning picture of financial stability. Delinquency rates, which Austan Goolsbee of the Chicago Federal …
by confoundedinterest17 Housing in the US is simply unaffordable. Home prices in Biden’s America are up 34.5% even though mortgage rates are up 157%. Home prices in America’s 20 largest cities rose for the 13th straight month in March (according to the latest …
Yields moving higher quickly today are a reminder that interest expense is skyrocketing at a terrifying pace because rates started moving up with ever-rising debt levels over the last two years, after being suppressed by low Fed Funds rates and …
The buzz around the recent revelation that the U.S. government and the Federal Reserve are secretly plotting to lower interest rates just before the upcoming election has caught everyone’s attention. This maneuver has sparked debate and raised eyebrows across the …
Credit card companies are squeezing consumers with unprecedented interest rate hikes, thrusting millions into financial peril as expenses rise and incomes stagnate. https://www.youtube.com/watch?v=kQ_ooVuZsl4
by confoundedinterest17 Money, money! The various talking heads from The Federal Reserve keep jawboning about whether to raise rates or not. One of the major drivers of inflation is … money. M2 Money growth YoY is growing again (blue line)! …
Homeownership is becoming an increasingly expensive endeavor in the United States. The average cost of homeowners insurance has soared to $1,915 per year. This figure is based on a 40-year-old homeowner with good credit and $300,000 worth of coverage. However, …
China faces a demographic challenge with sharp declines in young adults and births. China: The number of annual births has plummeted from 18 million in 2014-15 to 10 million today pic.twitter.com/91Rmch1gJZ — Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) May 22, …
Despite ongoing consumer pessimism, spending remains surprisingly robust. Economist Joanne Hsu, director of the University of Michigan’s consumer sentiment survey, provided insights into this paradox, attributing it to a shift in consumer behavior driven by high prices and interest rates. …
You couldn’t possibly be referring to them simply not admitting everything was on fire… h/t Calm_Improvement659
If you were holding out for lower interest rates on credits cards or mortgages, expect to only see modest relief for the remainder of the year and much of 2025. That’s because the Federal Reserve is keeping its benchmark interest …
USPS just announced a 25% hike in shipping. That is inflationary. That is shipping and logistics… Ok Jerome Powell, what sort of BS is the @federalreserve going to shovel today? — Ann Vandersteel™️ (@annvandersteel) May 14, 2024 WASHINGTON (Reuters) – …
Prepare for a seismic shift in the gold market as the precious metal defies conventional wisdom, soaring despite the backdrop of high real rates and a robust dollar. This unexpected surge hints at a fervent bid for diversification among central …
by Michael Fertility rates have fallen way below replacement level throughout the entire industrialized world, and this is starting to cause major problems all over the globe. Aging populations are counting on younger generations to take care of them as …
Canadian banks are anticipating a jaw-dropping 60% hike in monthly mortgage payments for those with variable rates is nothing short of a financial catastrophe waiting to happen. With housing costs already soaring, this sudden and substantial increase in mortgage payments …
According to Bloomberg data, 10 out of 11 major central banks are expected to slash rates in the second half of this year, the most in 16 years. The list of the 11 countries includes the United States, India, New …
Americans think Mortgage Rates will Hit 10%. They’re currently at 7.75%. In 2020 rates were 3%. Let’s look at payments for various combinations at various prices: ________________________________ __3% Rate__8% Rate__10% Rate 2020 Median House …
Americans are in limbo about where the housing market could go next, but they are resolute about the conditions for buying right now. Nearly 80% of Americans think it’s a bad time to buy a house, according to the Fannie …
In the cacophony of daily news cycles, there exists a profound yet often unspoken crisis brewing within the heart of the American economy: prime-age men are quietly slipping away from the labor force, their departure unnoticed amidst the clamor of …
by confoundedinterest17 The Fed will likely pause rate cuts/increases when The Fed reveals their plans today. Breaking: Federal Reserve officials are likely to hold interest rates steady at 5.25-5.5%—a 20-year peak—for a 6th consecutive meeting. With inflation still high, rate cuts seem …
In a delicate balancing act, the Federal Reserve chose to keep its benchmark interest rate steady, resisting the pressure to cut rates as the economy faces cooling growth alongside persistent inflationary pressures. As households and businesses await the central bank’s …
Central banks around are now cutting rates rapidly ht g.o.t. pic.twitter.com/WET0DuptRS — Win Smart, CFA (@WinfieldSmart) April 30, 2024
Economic headwinds persist as 43% of small businesses struggle to pay rent, while charge-off rates on commercial real estate loans surge to nearly twice their 2020 peak levels. This trend, exacerbated by elevated interest rates and depressed asset valuations, underscores …
