Independent thinking for complex markets and current events
Gen Z will never afford homes. With 30-year fixed mortgage rates hitting a staggering 7.5%, and home prices soaring beyond the 2006 housing bubble peak, the American Dream is dead for many. Even in the most affordable states, households need over $100,000 annually, while in Hawaii, California, and Massachusetts, it’s over $240,000. It’s a stark …
The steady rise in food prices has become a mounting concern for American households, overshadowing the recent dip in inflation rates. Despite a slowdown in the pace of inflation, grocery prices have continued to surge. Amid this challenging economic landscape, even retail giants like Costco are not immune to the pressures of inflation, with recent …
Pierre Lassonde, Former Chair WGC 2005-2008 • Despite the record high gold price, interest in gold is not present in America but is in China and India. • Central banks in China and India have bought 1,200 tons of gold last year, one third of all gold produced every year. • The gold ETF has …
Maui faces a homelessness crisis blamed on Biden’s FEMA, forcing residents into roadside tents. FEMA’s housing efforts fail, pushing landlords to evict tenants for FEMA occupants, skyrocketing rent prices. Displaced residents receive no aid amid job losses, while vacant short-term rentals compound the issue. 🚨 THE BIDEN ADMIN HAS CREATED A MASSIVE HOMELESS CRISIS ON …
Do you want to be prepared for the future? Unfortunately, it looks like our wallets will be taking a hit in 2024. Get ready to say goodbye to your favorite affordable food items as we countdown the top 20 products that are predicted to have a major price increase due to inflation. From everyday essentials …
via naturalnews: The Department of Labor‘s Bureau of Labor Statistics found that nearly 6,000 children, some of whom as young as 10, were being illegally employed in American workplaces in 2023, with fast food restaurants being among the worst offenders. According to the Labor Department’s data, child labor violations have more than tripled in the past 10 years, with …
This blatant corruption infuriates me! Congressional Democrats exploiting their privileged positions for personal gain, trading stocks with insider knowledge while ordinary citizens suffer. Beating the S&P 500 by seven points is no mere coincidence; it reeks of unethical practices. The fact that they have the audacity to engage in such behavior, profiting from sensitive information, …
via RT: Global logistics companies have been hit with rising ocean and air freight prices and stranded cargo as a result of vessels being diverted from the Red Sea amid the risk of attacks from Houthi militants in Yemen. According to a CNBC report this week citing industry experts, the situation threatens global supply chains, …
This injustice underscores a deeply troubling reality where families bear the burden of skyrocketing health insurance costs, while the industry giants reap unparalleled profits. It’s a situation that demands urgent attention and reform, as the very essence of affordable and accessible healthcare is under siege, and the anger among those affected continues to mount. The …
Look at the chart. 2.9% in Feb 2022 to over 8% today. Home prices would have to drop 32% just from today’s prices to pay the same as you would have in 2021. This is insane. Forget overvalued, this market is collapsing…. https://fred.stlouisfed.org/series/MORTGAGE30US Could you even imagine having to sell a house right now. No …
Have you seen how fast gas prices rose last week? New reports reveal that fuel stockpiles have dropped globally, and the problem is likely to get even worse over the next few weeks and months as demand continues to outstrip supplies amid OPEC+ production cuts. Americans are now paying the highest prices for a gallon …
Businesses have been failing at the fastest pace since 2010. In the aftermath of the Great Financial Crisis, a recent report by S&P Global Market Intelligence shows bankruptcy filings by year are at their highest level in 13 years.
Italians are calling for a pasta strike to bring down prices. via alarabiya When it comes to skyrocketing pasta prices, Italians are crying: Basta! They have had enough after the cost of the staple of every Italian table soared by twice the rate of inflation. One consumer advocate group is calling for a weeklong national pasta strike starting June …
