Banks are cutting losses on real estate loans due to higher interest rates, leading to a potential financial crisis. Vacancy rates on office space across the U.S has hit a record +16%. June 6, 2023 9:38 am
The S&P futures market is net-short approaching the levels of late 2007. Rising rates are linked to recessions, both soft and hard. June 5, 2023 6:53 pm
Biden Country! 30Y Mortgage Rates UP 143% Under Biden, Long And Short Treasury Curves Remain Inverted (Fed Is Only About Half Way To Raising Rates And Will Stop) June 5, 2023 2:01 pm
The US debt must be refinanced at 5% interest rates in less than two years, up from 0% just 15 months ago. Treasury Department auctions $15 billion worth of one-day cash management bills. June 2, 2023 7:56 pmJune 2, 2023 1:08 pm
Despite Getting Whacked by Bank Turmoil, Layoff News, Credit Crunch, High Interest Rates, and Inflation, our Drunken Sailors Spent Even More, Even Adjusted for Inflation June 1, 2023 7:41 pm
Land Of Confusion! US Mortgage Demand Drops 3.7% From Previous Week, Under Biden: Mortgage Purchase Demand Down -44%, Refi Demand Down -87%, Mortgage Rates UP 106% June 1, 2023 4:21 pmJune 1, 2023 3:43 pm
Middle Class Families Can’t Afford Homes Anymore As Mortgage Rates Hit Record Levels June 1, 2023 4:21 pmJune 1, 2023 1:17 pm