Independent thinking for complex markets and current events
I have Canadian friends who are moving to Latin American sh**hole countries because they say at least it’s an affordable sh**hole, in contrast to Canada’s status as the most unaffordable sh**hole. AC
By Martin Armstrong Statistics Canada reported that inflation slowed in January to 2.9%, beating expectations of 3.3%. So why are Canadians still struggling to afford basic necessities like rent and food? Mortgage interest costs remain the top noted driver of inflation after rising 27.4% YoY, while rentals increased 7.9% during the same period. Bank of …
Belief in the so-called “American dream” that hard work is rewarded was found to be a minority position among every demographic group polled. Two surveys released Monday provide troubling insight into Americans’ cost of living and overall faith in the country’s economic system. The first, based on Census data and information from the car shopping …
For decades, car ownership has been a trademark of the American lifestyle, with vehicles becoming symbols of freedom, independence and even rebellion, as well as a necessity. But in 2024, the country’s legendary love story with the automobile appears to have reached a crucial point of potential no return, as cars have become unaffordable to …
One problem is that they allow residential condos and housing to be bought by off shore individuals, which then sit vacant or be used as short term rentals. This money is coming from places like HK and Macau. It's driven up prices on the west coast and Toronto for that matter to… — Croxxed Out …
by confoundedinterest17 Even Biden’s press secretary Karine Jean Pierre admitted that all the slogans and hype about Bidenomics is a losing message. The economy is terrible for the middle class and low-wage workers. But excellent for the 1% donor and political elite class. But housing is very important to the middle class … and housing is …
by TonyLiberty The US housing market is at its most unaffordable level in 39 years, with mortgage rates at record highs near 8%. Monthly principal and interest payments on a median-priced home have surpassed $2,500 for the first time since tracking began in 1975. Monthly mortgage payments now consume nearly half of the median household …
by confoundedinterest17 Bidenomics is a windfall for the donor class (high rate of return on campaign contributions) while the middle class gets beaten to a pulp. Waiting for Biden to lean over and creepily whisper “It’s working!” Even though it is clearly not working, at least for the middle class. Evidence that Bidenomics is not …
by confoundedinterest17 Bidenomics is a windfall for the donor class (high rate of return on campaign contributions) while the middle class gets beaten to a pulp. Waiting for Biden to lean over and creepily whisper “It’s working!” Even though it is clearly not working, at least for the middle class. Evidence that Bidenomics is not …
by confoundedinterest17 Housing in the US is simply unaffordable! Under Bidenomics, home prices are up 30% while real weekly earnings growth has been negative for most of Biden’s Presidency. And mortgage rates are up 178% under Bidenomics. Sky-high mortgage rates and still-rising home prices have made it harder than ever to afford a home, especially for …
by Michael Our standard of living is being systematically destroyed, but for a lot of years many Americans didn’t fully understand what was taking place because it was happening so slowly. But now we have reached a stage where the purchasing power of our money is collapsing and the cost of living has become exceedingly …
by confoundedinterest17 Thanks to rampant Federal spending and overstimulus by The Federal Reserve, US housing prices are simply unaffordable for many. Particularly since the Covid epidemic (Wuhan China Flu). The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported 1.0% annual change in July, up from a 0% change in …
"Half my paycheque goes to groceries alone" 🚨🚨🚨 Canadian housing and basic things like groceries are unaffordable. 🔊 pic.twitter.com/XnG7b4vijM — Wall Street Mav (@WallStreetMav) August 14, 2023
2-year Treasury yield hits 16-year high after ADP jobs data shatters expectations The 2-year U.S. Treasury yield reached a level not seen in 16 years on Thursday as investors absorbed strong jobs data that could mean further tightening from the Federal Reserve. The 2-year Treasury was last up by more than 11 basis points at …
“Housing has become so unaffordable that over 75% of homes on the market are too expensive for middle-income buyers” Expect this to be a flashpoint issue n the 2024 presidential election if prices and/or mortgage rates don’t correct substantially by then https://t.co/NzOynYAyvG — Adam Taggart (@adamtaggart) June 13, 2023 In Phoenix, investors have sold at …
This was a note from the Apollo client, about why they are shutting down. Apollo doesn’t get a device ID from the client, so Reddit can’t censor as well without that. This lockdown will tighten the censorship. h/t Poopshooze