Record high credit card interest rates are likely to hit the bottom 50% of earners the hardest as they’ve been borrowing to make ends meet October 26, 2023 10:31 am
US Credit Card Debt Surpasses $1 Trillion Amidst Soaring Rates and Growing Financial Vulnerability October 25, 2023 9:56 pm
Subprime credit card borrowers are delinquent at rates approaching the Great Financial Crisis October 25, 2023 9:13 pm
Mortgage Purchase Demand (Applications) Fell 2% Since Last Week And 22% Since Last Year As Mortgage Rates Hit Highest Level Since 2000 (Almost 8%) October 25, 2023 10:45 am
Global container freight rates have fallen over 90% from their peak in 2021, reaching their lowest levels in at least seven years. October 25, 2023 8:44 am
PBOC initiates unprecedented cash injection, signaling commitment to low rates October 24, 2023 7:53 pm
The housing rental market is in dire straits, with vacancy rates skyrocketing to the highest levels in half a decade October 24, 2023 7:47 pm
Can The Fed Fix Biden/Congress Spending Addiction? Volcker, Greenspan, Yellen, Powell All Pushed Rates Lower … Until Biden (Fed Still Ignoring Taylor Rule) Mortgage Rates Continue To Climb October 22, 2023 7:54 pm
Fire! Biden And Fed Lit A Fire The Is Burning Out Of Control, US Treasury 10Y Yield Climbs Past 5%, Real 10Y Yield At 2.46%, Mortgage Rates At 7.63% (Highest Since 2000) October 20, 2023 3:52 pm
What does an 8% mortgage rate mean for YOU? Higher rates will cost the average American homeowner an extra HALF A MILLION dollars in the course of a 30-year loan (You’ll own nothing) October 20, 2023 8:51 am
The surge in benchmark interest rates is hammering the $10.6 trillion market for US corporate bonds once again. October 18, 2023 4:26 pm
Mortgage rates close to 8%; 64% of Americans would welcome a recession if it meant lower mortgage rates — Would you? October 17, 2023 9:24 pm
Too Much Debt! Interest Payments Rising FAST On US $33.6 TRILLION Debt Load, Bank Losses Mounting As Rates Rise, Mortgage Rate UP 173% Under Biden (At Least Rent Growth Has Turned Negative) October 17, 2023 3:00 pm
Argentina has just raised its interest rates to 133% in an attempt to curb its inflation, which is running at 138%. Forecasts indicate that inflation may exceed 180% by year-end. October 14, 2023 10:43 pm
30 year U.S. treasuries went no bid two times in a row, driving rates up. October 13, 2023 5:20 pmOctober 13, 2023 9:42 am
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. October 12, 2023 9:05 pm
Auto-loan interest rates surging to 2008 levels, along with increasing delinquency rates October 12, 2023 9:34 am
Santelli: Rates heading toward 13%. Yellen: rates heading below 1%. Which one? October 11, 2023 9:16 pm
Inflation Alert! Fed Governor Michelle Bowman: “Inflation continues to be too high, and I expect it will likely be appropriate for the Committee to raise rates further and hold them at a restrictive level for some time” October 9, 2023 2:57 pm
Fed Reiterates Its Goal of 2% Inflation Rate and Will Most Likely Raise Interest Rates Before the End of the Year October 9, 2023 9:05 am
Bidenomics At Work! Mortgage Rates Hit Almost 8% (Highest Since July 2000 Under Bill Clinton), Deficits This High Usually Occur During Recessions And HIGH Unemployment October 9, 2023 7:21 am
Joseph Brown: The rapid depletion of the Reverse Repo facility, with $1 trillion drained in just 6 months, signals a concerning trend amid government borrowing acceleration, ultimately leading to significantly higher interest rates. October 6, 2023 6:20 am
Rising Rates Likely Hit Bank Balance Sheets in Quarter, Lenders need to pay up to keep depositors, pressuring earnings October 4, 2023 7:03 pm
A $400,000 house now costs over $1,000,000, with interest rates now at 7% from 3% October 4, 2023 5:53 pm