A recession is still likely — Many indicators are signaling that the US is at an increased risk of entering a recession, with the following indicators worsening from the prior quarter

by TonyLiberty 1) Worsening job sentiment indicators suggest that employees are growing more pessimistic about the economy, the labor market, and their ability to find a job. • If job sentiment is weakening, it implies consumers will pull back on …

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BREAKING UPDATE: Maine Mass Shooter Robert Card Is Still at Large – May Have Crossed State Lines into Massachusetts

https://twitter.com/_/status/1717534190323851668 https​://twitter.com/_/status/1717538798928589221 Police are searching for “person of interest” Robert Card in the Maine mass shootings. Card is at large and police say he is considered “armed and dangerous.” pic.twitter.com/WwgVLpInq4 — MS NOW (@MSNOWNews) October 26, 2023 AC

Bidenomics! New Home Sales Exploded In September, As Homebuilders Eat Soaring Mortgage Costs (Highest Mortgage Rate Since 2000 And Still Plenty Of Fiscal Stimulus Distorting The Market)

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 …

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Trump Still Has It

by Chris Black Despite the infinity mountain of frustrations, there is no reality in which he is not my favorite US president in recent memory. Not Roman related but he is the funniest person on the planet. I’ve been laughing …

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Can The Fed Fix Biden/Congress Spending Addiction? Volcker, Greenspan, Yellen, Powell All Pushed Rates Lower … Until Biden (Fed Still Ignoring Taylor Rule) Mortgage Rates Continue To Climb

by confoundedinterest17 I had a wonderful time speaking at the Passive Investors Conference last night. One question I was asked was “Why doesn’t Powell (the current Fed Chair) pull “a Volcker” to cool inflation. She was referring to former Fed …

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Mortgage Applications Increased 5.4% Last Week, But Purchase Demand Still Down -26% YoY And Refi Demand Down -29% YoY (Despite Mortgage Rate Rising To 7.31%)

by confoundedinterest17 Mortgage applications increased last week, despite the 30-year fixed rate edging back up to 7.31 percent – its highest level in four weeks. Mortgage applications increased 5.4 percent from one week earlier, according to data from the Mortgage …

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The rig count is still in plunge mode… The United States drained its strategic reserve… Crude oil prices rise above $87.00 for the first time since November 2022 as Saudi Arabia extends production cuts

The rig count is still in plunge mode… *A cumulative $4.9T of investments in global upstream oil and gas are needed by 2030 to meet market needs and prevent a supply shortfall" —International Energy Forum (IEF) and S&P Global Commodity …

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‘Even if home prices fell 30% from current levels, affordability would STILL be worse than pre-pandemic’…. ‘The Fed WILL break this housing market’

1. Adjusting for inflation, home prices are up 118% since 1965, while median household income has increased by just 15%. (2/9) pic.twitter.com/NeogOIDjIu — The Kobeissi Letter (@KobeissiLetter) August 21, 2023 Worrying Sign Not Seen Since the Great Recession: Mortgage Rates …

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Lowriding! US Personal Savings Lower Than Pre-Covid As Core Inflation Still Hurts At 4.70% YoY (Large Bank Loan Volumes Shrank Last Week As Deposit Outflows Re-Accelerated)

by confoundedinterest17 US personal savings are being exhausted as The Fed raises rates to fight inflation. I call this phenomenon “low riding” where consumers are being punished by The Federal Reserve and Biden Administration. Meanwhile, large bank loan volumes are shrinking. With money-market …

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Hilary Still a Cat 4 Hurricane. Catastrophic And Life-threatening Flooding Likely Over California And The Southwestern US

..CATASTROPHIC AND LIFE-THREATENING FLOODING LIKELY OVER BAJA CALIFORNIA AND THE SOUTHWESTERN U.S. THROUGH EARLY NEXT WEEK… …AIR FORCE RESERVE HURRICANE HUNTERS FIND THAT HILARY IS STILL A CATEGORY 4 HURRICANE… https://www.nhc.noaa.gov/?epac Hurricane #Hilary Advisory 12: Catastrophic and Life-Threatening Flooding Likely …

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