A hub for independent voices and hard truths
The US will need to refinance almost half of its national debt in less than 2 years. Let’s not forget that interest rates were at 0% just 15 months ago. Wait until these debt instruments need to be rolled over …
This is scary. Remember according to DSM-IV criteria,7 an individual is diagnosed with mental retardation if they have significantly below average intellectual functioning, as defined by an intelligence quotient (IQ; measured using a standardized, individually administer/red intelligence test) at or …
by ChampionshipUsed9855 Gold is currently trading at $1,999.90 per ounce, up 0.72% from yesterday’s close of $1,983.18 per ounce. Gold prices are up 28.4% since December 2007 and have outperformed the 3-month Treasury yield by a wide margin over that …
As the U.S. Treasury continues to issue trillions of dollars in new debt with relatively short maturities, there is a growing sense of unease. The strategy relies on the hope that interest rates will come down when this debt is …
https://twitter.com/BeRuzzia/status/1718131312219824235?ref_src=twsrc%5Etfw Russia’s Central Bank on Friday raised its key interest rate by two percentage points to 15 percent, a bigger increase than expected as the bank said it was trying to bring down stubbornly high inflation. The central bank, …
The notion of “excess savings” appears to be unraveling as the U.S. Savings Rate took a notable hit in September. We can cancel the "excess savings" idiocy In Sept, the US Savings Rate collapsed from 4.0% to 3.4%, the lowest …
by confoundedinterest17 Bidenomics is the gift that keeps on giving … if you are one of the top 1% of income. But if you are in the middle class, Bidenomics is like a horror movie. Pending home sales fell 7.1% …
The era of near-zero interest rates has given rise to a series of what many may consider absurd business ventures, including the likes of “buy now, pay later,” car vending machines, extravagant digital art sales, algorithmic home buying, and virtual …
Financial winter is coming. h/t Mayhem4Markets
The surge in US credit card debt, surpassing the significant $1 trillion threshold, is a cause for concern. This comes as the Federal Reserve has taken aggressive steps to raise interest rates, leading to credit card rates reaching an alarming …
Subprime is a fancy word for sh*t credit score. h/t Mayhem4Markets
by confoundedinterest17 The US is teetering on World War III with tensions soaring in the Middle East, Ukraine, and southeast Asia. And Biden wanders off to Rehobeth Beach Delaware to relax … while over 200 Americans are still held hostage …
Global Supply Chains continue to function well and are no longer a valid excuse justifying above-average inflation. pic.twitter.com/Tt2AT8AxG6 — Charlie Bilello (@charliebilello) October 24, 2023
The People’s Bank of China’s massive cash injection of 733 billion yuan, an unprecedented record high, through reverse repos sends a clear message that policymakers are committed to maintaining low interest rates to boost the emerging economic recovery. Additionally, China’s …
Cities like Phoenix on the brink of recording all-time high eviction numbers, as a growing number of apartments resort to desperate measures, including offering three months of free rent, amidst an unprecedented construction boom. The housing rental market is absolutely …
by John-Wetter-2310 ‣ United States 10-Year Treasury Yield hits 4.86%. The 10-year yield is used as a proxy for mortgage rates and is also seen as a sign of investor sentiment about the economy. ‣ United States Prime Rate hits 8.5%. The United States …
by ChampionshipUsed9855 Long-term Treasury rates increased from 3.5% to 5% during last 6 months. It may push long-term inflation above current expectations. US government has debt of 120% GDP and duration of 7+ years, therefore this 1.5 percent increase in …
by confoundedinterest17 I had a wonderful time speaking at the Passive Investors Conference last night. One question I was asked was “Why doesn’t Powell (the current Fed Chair) pull “a Volcker” to cool inflation. She was referring to former Fed …
by confoundedinterest17 Fire! Yes, Biden and Congress created a fire with it reckless Federal spending leading in 40-year highs inflation, prompting The Fed to counterattack with rapid rate hikes. We now see the 10-year Treasury yield passing 5%. And the REAL …
Homebuyers today face paying $500,000 more in the course of a 30-year mortgage than they would have done two years ago after rates shot up to 8 percent. Analysis by DailyMail.com found that in 2021, an individual purchasing a $400,000 …
Rates Are Ruining the Housing Market ⚠️Persistent inflation in shelter is evident at 7.2%, with rental inflation at 7.4% ⚠️The median mortgage payment, excluding fees and taxes, has surpassed $2,800 monthly ⚠️Since 1985, median household income has risen just under …
by DesmondMilesDant Caption: High-quality debt created by data provider BondCliQ. https://www.bloomberg.com/news/articl… Caption: This H-portfolio contains 30 bonds covering major sectors such as tech, utilities, energy and financials, and includes bonds sold by Deere Capital Corp., Lowe’s Cos Inc., AMZN …
Mortgage Rates Close to 8% as Economy Refuses to Cool Inflation and economic growth… Regardless of our thoughts on the underlying reasons, these two factors have played a key role in skyrocketing rates over the past few years. The Fed …
Eurozone interest rates are at all-time highs 🚨 pic.twitter.com/rEQorle5Gh — Barchart (@Barchart) October 17, 2023
When was the last time 30 year U.S. treasuries went no bid two times in a row? — Financelot (@FinanceLancelot) October 12, 2023 Ahhh it was a terrible 30 year auction causing yields to jump. Apparently no one is buying …
by TonyLiberty Mortgage demand drops to the lowest levels since 1996 as interest rates hit 8%. Mortgage applications for home purchases are down 22% compared to a year ago. Rising rates are pushing more potential homebuyers out of the …
Delinquency rates on credit card loans and auto loans are rising. But delinquency rates on mortgages as near all time lower. Why? Because so many mortgages are locked-in to low rates. Truly a unique time. Follow us @KobeissiLetter for real …
This is proof that she will say anything for a buck. h/t j_stars
