A hub for independent voices and hard truths
by Virtual_Crow So a few months back, this was causing bond yields to rise high enough that the market started a downtrend again from the summer until October. Too many bonds being sold. Then the Treasury did Yellen’s Yolo, selling …
This probably comes down over the next few years. No guarantee, but rates are likely coming down somewhat in the next couple years. Bonds may do well over the next five years. h/t HighYieldLarry
In an unprecedented turn of events, the real estate market is witnessing a significant shift as new home prices are poised to dip below existing home prices for the first time since 2005. This reversal in the traditional pricing dynamic …
by confoundedinterest17 The Federal Reserve reminds me of The Stones’ song “Tumbling Dice.” Why? The Fed can’t tell if inflation is cooling or re-accelerating. Hence, they are just rolling dice. Let’s start with mortgage rates, a critical component of the housing and …
by DAVID HAGGITH Statue of a REAL economist — Adam Smith. Photo by K. Mitch Hodge on Unsplash Can you believe the Treasury market is already unwinding its bets that the Fed is done fighting inflation, even as the Champaign is still bubbling …
by ChampionshipUsed9855 Salesforce is a great company, but their stock price isn’t anything to get excited about. Insiders have been selling and the trend looks like it will continue. I wouldn’t recommend buying this stock right now. Here is monthly …
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision. h/t ChampionshipUsed9855
by confoundedinterest17 Even Biden’s press secretary Karine Jean Pierre admitted that all the slogans and hype about Bidenomics is a losing message. The economy is terrible for the middle class and low-wage workers. But excellent for the 1% donor and …
There are more Americans who say they have serious cognitive problems — with remembering, concentrating or making decisions — than at any time in the last 15 years, data from the Census Bureau shows. The increase started with the pandemic: …
The supply of NATO standard artillery shells from the United States to Ukraine has reportedly decreased by more than 30% since the start of Israel’s war against Hamas in the Gaza Strip last month, ABC News reports. 155mm artillery shells …
Source: https://www.newyorkfed.org/microeconomics/sce/credit-access#/financial-fragility1 Wut Mean?: Overall Decline in Consumer Credit Demand (2023): General weakening in most credit application rates. Credit card limit increase applications rose. Rejection Rates Trends: Overall rise in rejection rates for credit applications. Decline in rejection rates for …
via Oilprice: The world faces the highest geopolitical risks since the 1973 oil embargo, the chief executive of one of the largest oilfield service providers, Baker Hughes, told the Financial Times. “From a historical context I’ve heard people say, you go …
The adjustments to Social Security are based on shaky CPI calculations that have been tampered with since the ’70s, and it’s downright infuriating. The BLS’s inflation estimates need some serious investigating. And it gets even worse. The cost of living …
Another record credit card debt Collectively, Americans now owe $1.08 trillion on their credit cards, according to a report from the Federal Reserve Bank of New York. Steadily, persistently higher prices have caused consumers to spend down their savings and increasingly turn …
By Graham Summers, MBA Japan’s currency is now collapsing. Japan’s central bank, the Bank of Japan (or BoJ for short) is currently engaged in an open-ended Quantitative Easing (QE) program. In its simplest rendering, the BoJ starts buying the 10-Year …
by confoundedinterest17 We are back in time … at least for the mortgage market. Thanks to Bidenomics!!!! Mortgage applications decreased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending …
by confoundedinterest17 Bidenomics is a windfall for the donor class (high rate of return on campaign contributions) while the middle class gets beaten to a pulp. Waiting for Biden to lean over and creepily whisper “It’s working!” Even though it …
by confoundedinterest17 Bidenomics is a windfall for the donor class (high rate of return on campaign contributions) while the middle class gets beaten to a pulp. Waiting for Biden to lean over and creepily whisper “It’s working!” Even though it …
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 …
Gold is now outperforming the S&P 500 this year pic.twitter.com/GI2yMt8vcv — Barchart (@Barchart) October 27, 2023 U.S. stocks have lost -$4.5 trillion in value since the July peak. That's the equivalent of three Googles. pic.twitter.com/UjothrbzV1 — Hedgeye (@Hedgeye) October 26, …
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% …
Megacap stocks are now aligning with the broader market’s downward trend, highlighting a significant shift. As reiterated, the path forward seems to depend on two potential scenarios: either interest rates experience a substantial and unexpected decline from their current levels, …
Homebuyer traffic has experienced a significant decline, nearly 40% since the beginning of 2023, reaching levels not seen since the 2020 lockdowns, the 2008 financial crisis, and the 1980s housing crash. What makes the situation intriguing is the recent surge …
Major poverty incoming? Food Banks Canada report paints dire picture of Canada-wide affordability crisis There are many heartbreaking tales behind the record number of Canadians using food banks as they struggle with high inflation and mounting housing costs, says a …
by confoundedinterest17 Bidenomics new theme song is “Addicted To Gov.” Bidenomics needs lots of Federal spending and borrowing to survive. But all this spending and borrowing is causing rapid price increases and other distortions. The US Federal government just added $600 billion …
by confoundedinterest17 Bidenflation, a name for the combination of reckless Federal spending and excess monetary stimulus related to Covid, is still causing severe pain for the middle class. The massive Federal spending splurge is still working its way through the …
With $SPY currently standing at $4,200, the relentless upward climb of inflation is silently chipping away at purchasing power, while so-called “assets” are showing a decline. To maintain pace with inflation since 2021, when it was perceived as transitory, $SPY …
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 …
by Michael It is happening again. All over America, borrowers are getting behind on their payments. In particular, subprime borrowers are having a very difficult time paying the bills. Does that ring a bell? That should, because the last time …
