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A record $8.9 trillion of government debt will mature over the next year, see the first chart below. The government budget deficit in 2024 will be $1.4 trillion according to the CBO, and the Fed has been running down its …
The landscape of US commercial real estate (CRE) is facing unprecedented challenges, with prices plummeting 21% from their 2022 peaks. The latest figures reveal a staggering milestone: the US office vacancy rate has surged to a historic high of 19%, …
US housing has become the most expensive in history: The median sale price of houses sold in the US hit another all-time high of $387,600 in May, measured as a 4-week average. Prices increased 4% year-over-year and exceeded the June …
Remember all the bulls earlier this year getting excited that the rally was broadening out beyond the “Magnificent Seven” stocks, and how wider gains were a sign that the market’s rise was sustainable? Not so much. This month, as indexes …
It appears there’s growing concern over the management of federal debt and deficit amidst the backdrop of recent financial maneuvers. Janet Yellen’s decision to draw down $5.7 billion from the Treasury cash account raises eyebrows, seen by some as an …
https://www.youtube.com/watch?v=gmnO4O1MBdM The decline of our country is explicit. While 99% of our population is struggling to adapt to the rising cost of basic necessities, the top 1% of ultra rich Americans has seen their wealth increase by nearly 500% over …
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 …
Authored by Matthew Lysiak via The Epoch Times (emphasis ours), Beef prices skyrocketed to a new record high this Memorial Day weekend as industry experts warn costs could continue to rise even higher if current regulatory and economic conditions remain unchanged. …
According to the Q ratio, developed by James Tobin who won the Nobel prize for it, equities with a current Q ratio of 1.90 are overvalued by 156% to the long term mean (Q ratio 0.74) making it the first …
More than 2.9 million travelers were screened at U.S. airports on Friday. A record was broken ahead of the Memorial Day weekend for the number of airline travelers screened at U.S. airports, the Transportation Security Administration said Saturday. More than …
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, …
by confoundedinterest17 After (unexpectedly) tumbling in March, existing home sales were expected to rise modestly (+0.8% MoM) in April. Analysts were wrong as March’s data was revised marginally up from -4.3% MoM to -3.7% MoM and April printed -1.9% MoM …
A record $6.4 Trillion in money market funds and another $2.870 Trillion in Certificates of Deposit (CD) balances reported… Source: https://fred.stlouisfed.org/series/MMMFFAQ027S Certificate of deposit balances at US banks jumped by more than a trillion in 2023, with concentration reaching its highest …
President Joe Biden is trailing, and liberal pundits are increasingly saying he has mainly himself to blame. The New York Times’s Ezra Klein unfurled seven theories for why Biden is losing to former President Donald Trump. “The electorate hasn’t turned …
Trigger Warning: Chart of the Day: Citi Surprise Index vs SFR9 My hypothesis is that the US economy has begun to slow due to the long and variable lags of monetary policy finally starting to offset the positive benefits that …
Smart considering how much US #credit there is already, and how much more will need to be created to fund all those wars, politician slush funds, rising interest expenses, roll over of maturing debt, and never mind the great state …
Copper prices surge to an unprecedented high of $5.08 per pound, marking a staggering 30% increase year-to-date and fueling concerns of rampant inflation. This new record surpasses the previous peak observed in March 2022, coinciding with the fastest inflation rate …
The S&P 500 and Nasdaq Composite popped to record highs Wednesday and added to their strong 2024 performances. The major averages were boosted by a lighter-than-expected U.S. consumer inflation report. The broad market index gained 1.17%, breaking above 5,300 for …
Student loan delinquency will not be reported until Q3 — MacroEdge (@MacroEdgeRes) May 14, 2024 Startling data from the NY Fed’s quarterly household debt report for Q1 reveals a concerning uptick in mortgage delinquencies, signaling potential economic distress. The total …
Brace yourselves for the economic storm! The heartland of America is trembling as the median mortgage payment skyrockets to an unprecedented $2,894 per month, shattering all previous records. But the nightmare doesn’t end there. In the wake of Bidenomics, renters …
This is nothing short of a crisis for young Americans. The staggering increase in debt levels among Gen Z, coupled with stagnant earnings, paints a grim picture of financial stability for the next generation. It’s alarming to see that despite …
BREAKING: Putin takes oath for record fifth presidential term READ: https://t.co/Xp4WuzEilU pic.twitter.com/v6OrAFJJqD — Insider Paper (@TheInsiderPaper) May 7, 2024 Ukraine says it doesn’t recognize Russia’s president. Okay then. pic.twitter.com/Hvjn9ILNNG — Ian Miles Cheong (@ianmiles) May 7, 2024
Undecided voters in swing states unanimously favor Trump’s policies over Biden’s, citing concerns about grocery costs and dismissing Biden’s economic record as laughable. A panel of undecided voters in swing states unanimously agree Trump's policies would be better for their …
Undecided voters in swing states unanimously favor Trump’s policies for their families, criticizing Biden’s economic record during a panel discussion. A panel of undecided voters in swing states unanimously agree Trump's policies would be better for their families, laughing at …
Russian natural gas giant Gazprom plunged to a loss of 629 billion roubles (£5.5bn) last year as its sales to Europe more than halved following Vladimir Putin’s decision to invade Ukraine. The energy giant’s shares in Moscow were down around …
As Bitcoin’s price tumbles by over 22% from its peak, marking its descent into a bear market, investors face a stark reality check after a prolonged period of soaring values. With prices dipping below $60,000 for the first time since …
Amid escalating concerns over fiscal deficits worldwide, the surge in gold purchases by central banks during the first quarter signals a broader financial instability, echoing fears beyond the US alone. As governments grapple with post-COVID economic challenges, the unprecedented acquisition …
Real estate prices are still riding the up escalator in Jackson and Teton County, Wyoming, and there’s no sign they’ve reached the top floor despite exceeding $7 million for the average single-family home. Last year’s lull to close out 2023 had …
WATCH: Nancy Pelosi SNAPS After MSNBC Host Fact-Checks Her On Trump’s Record On Monday former Speaker Nancy Pelosi snapped at MSNBC host Katy Tur after being fact-checked on President Joe Biden’s economic record compared to former President Donald Trump’s tenure. …
