Independent thinking for complex markets and current events
via notayesmanseconomics This morning has brought some news that brings an old theme on here to mind. In fact two parts of it. There was the theme of currency wars from over a decade ago and the consistent attacks from the US Treasury that China has devalued its currency to gain a competitive economic advantage. …
The surface numbers are holding. The real prices are not. In Q1 2025, the median list price for a newly built home in the United States was $448,393. That is down just 0.3% from the same time last year. On paper, the market looks flat. But the paper is lying. Builders are pulling every lever …
2008 starts to look like a warm-up… The new synthetic mortgage back securities 2008 is going to look like a bull market. https://t.co/jZHvpWq6dQ — The Great Martis (@great_martis) June 25, 2025 .@pulte is easily the most ignorant bloated imbecile to head any federal housing bureaucracy and that's really saying something. Why would any self-respecting bank …
The latest housing market data reveals a troubling trend. Foreclosures are rising again, marking a shift from the unusually low levels seen during the pandemic years. The Federal Reserve Bank of New York’s Household Debt and Credit Report confirms that distress is creeping back into the market, with 61,660 foreclosures recorded in the first quarter …
Yikes. So how can Japan keep their 10 year bond yield at 1.1% with their 30 year bond ripping higher? Their 2 year bond yield is .6% None of this seems sustainable Their currency will get trashed. https://t.co/zRpxIojQl6 — QE Infinity (@StealthQE4) January 15, 2025 And yet isn’t enough… JGB 30Y yield now rising to …
Biden has rejected Ukraine’s NATO membership bid as part of a peace agreement. It would weaken Biden’s reelection chances, a foreign policy expert said. Ukraine’s accession to NATO would be perceived as an escalation by Russia. In an interview with Time Magazine this week, the US president said he was not prepared to support the …
https://twitter.com/ScottishRidire/status/1747653774766752249
Systemically racist Affirmative Action policies weaken the professions they touch. pic.twitter.com/bmRPukLLsA — The Rabbit Hole (@TheRabbitHole) June 25, 2023
