Independent thinking for complex markets and current events
The 30% rule says rent + utilities should not be more than 30% of gross monthly income. This old guideline from 1960s-1980s. In 2024-2026 data, 49% of US renter households (22.7 million) spend over 30% on rent and utilities. This is record high. About 26% (12.1 million) spend over 50%. Rents rose faster than renter …
Authored by Mike Shedlock via mishtalk, Home prices are still too unaffordable. Existing home sales have had no traction since declining to this level in October of 2022. Mortgage rates peaked at 7.62 percent in October 2023 over two years ago. The National Association or Realtors reports Existing-Home Sales Rise 1.7 Percent in February following a 5.9 …
Notice the set-up. One of these two central banks' balance sheets is growing…and it isn't the Fed. The People's Bank of China has increased its balance sheet by $560 billion in four months. That is a 9.4% jump. Feel free to ignore it. pic.twitter.com/3toz8nvh8Z — Jeff Weniger (@JeffWeniger) October 19, 2024
All of this mixed messaging just confuses markets. They should all just shut up — QE Infinity (@StealthQE4) April 4, 2024 #volatility #VIX 📈 😬https://t.co/rmPvUGEeB3 — Invariant Perspective (@InvariantPersp1) April 4, 2024 Let me get this straight, the SPX was up 40 points in the morning because Powell reaffirmed rate cuts yesterday. And down -70 …
BIDEN'S TREASURY SEC. YELLEN: "Americans are seeing the costs of some goods that are important to them, like rent, having increased…" pic.twitter.com/rGxk7bFxw7 — Breaking911 (@Breaking911) March 13, 2024 US Treasury Secretary Yellen: it seems unlikely that interest rates will return to levels as low as before the covid-19 pandemic. — unusual_whales (@unusual_whales) March 13, 2024 …
Despite being the highest-earning generation, millennials grapple with a stark reality – their wealth lags significantly behind. The rising cost of living, outpacing wage growth, is a key culprit, creating financial strains on this demographic. Notably, prices have surged, with ground beef averaging $5.23, up from $3.89 in January 2020. Fresh fruits and vegetables witness …
Earnings estimates for #sp500 $spx in 2024 have been flat and have not improved. The entire rally has been based on multiple expansion. Earnings typically trend with inflation expectations. It's not a better fundamental outlook. In fact, GDPNow sees 1.3% real growth in 4Q and… pic.twitter.com/oMAYwROXpC — Michael J. Kramer (@MichaelMOTTCM) December 7, 2023 The …