A hub for independent voices and hard truths
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 …
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 …
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 …
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 …
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 …
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 …
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% …