Independent thinking for complex markets and current events
Rent in America is out of control. In 2000, the average rent was $639. Now? It's $1,713 nationwide, and $2,198 for a one-bedroom in California. Rent has jumped 6–8% year after year. The numbers don’t lie. pic.twitter.com/OPH5robtnv — Wall Street Mav (@WallStreetMav) July 30, 2025 As Harvard economist Ed Glaeser put it, “Housing affordability is …
US consumers are getting even more pessimistic about the stock market: A record 12% of Americans see no chance that stocks will increase over the next 12 months, according to a UMich survey. This percentage has tripled over the last 2 months. It has also surpassed previous peaks seen near 2022, 2009, and 2022 market …
The death toll from catastrophic flooding in the Asheville area of western North Carolina more than tripled on Monday to at least 40 — as survivors in remote mountain towns described seeing the bodies of victims stuck in trees. Nationwide, there have been at least 133 fatalities from Hurricane Helene, which has cut a path …