week

Biden’s Mortgage Market! Mortgage Demand Falls 1.8 Since Last Week, Purchase Mortgage Demand Down -49% Since April 2021, Refi Mortgage Demand Down -87% As Mortgage Rates Up 115% (Hurts So Bad?)

by confoundedinterest17 Biden loves to brag about Bidenomics, or should I say selective stats like the labor market. But the mortgage market hurts so bad. Mortgage applications decreased 1.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 21, 2023. The Market …

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Christian Baker Went to Court This Week Again

by Chris Black The Supreme Court is useless. This whole government is useless. It is fully impossible for this government to say “come on, guys – just leave the old cake guy alone.” There is no longer any system in this government to say that. Christian baker Jack Phillips tells Colorado Supreme Court it must …

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The Fed Will Almost Certainly Hike Interest Rate Next Week. This Could Add Accelerant To Market Downturn

Valuations have expanded significantly since Sept 2022 S&P 500 PE has risen from 19 to 25 in just 9 months pic.twitter.com/r6Mk47KHQc — Bravos Research (@bravosresearch) July 20, 2023 Beware: Long big tech seems to be the most crowded trade in the market pic.twitter.com/eiTzAsXxMl — Bravos Research (@bravosresearch) July 20, 2023 h/t Hephaestus4

Claim: Fingerprints Found on WH Cocaine Baggie ’We know who handled it… Since Last Week’

Claim: Fingerprints Found on WH Cocaine Baggie ’We know who handled it… Since Last Week’ Contradicts Secret Service white house drugs Officials at the White House know who brought cocaine into the White House and have confirmed that finding via fingerprint analysis, according to a report which contradicts a statement released by the Secret Service. …

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DeSantis hits new low in delegate forecast… ‘Crisis talk with donors next week’…

DeSantis Hits All-Time Low in Delegate Forecast, Holds Crisis Talks With Donors. Florida man Ron DeSantis is at an all-time low in GOP delegate number predictions, dropping more than 400 since declaring his candidacy, according to ‘Race to the WH,’ which tracks the latest GOP polling data. DeSantis was predicted to receive around 1,413 delegates …

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Ford Implosion This Week

by Chris Black Only white males over 50 got canned? Asking for a dead submariner. >Ford is going bankrupt >production plants are idle >EV meme turned out to be a bust >employees told to stay home >50% to be laid off Ford alerts salaried employees, including engineers, layoffs coming over two days https://t.co/bCgQaoihk8 — Detroit …

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The Fed’s emergency lending facility has increased for a sixth straight week, reaching $100 billion….The Fed has complete control over when a crisis occurs.

The fear of a US banking crisis has largely faded from market sentiment, but it seems there's a steady, low drumbeat of distress among some firms. The amount of money lent out under the Fed's emergency lending facility rose for a sixth straight week, remaining above $100 billion. pic.twitter.com/NPCTzVhbZI — Lisa Abramowicz (@lisaabramowicz1) June 15, …

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‘Treasury issuance is heating up next week, with a whopping $296B of US debt on auction!’

Wild liquidity week indeed. This chart might change significantlyhttps://t.co/5EOEAFVbLM — Daniel Baeza (@dbaeza13) June 9, 2023 Next week should be fun! We have CPI, Fednesday, retail sales, UoM consumer sentiment, quarterly OpEx, and Treasury issuance starts to really pick up. Are you ready for what could be a wild ride? pic.twitter.com/4khfgcH81L — Markets & Mayhem …

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Land Of Confusion! US Mortgage Demand Drops 3.7% From Previous Week, Under Biden: Mortgage Purchase Demand Down -44%, Refi Demand Down -87%, Mortgage Rates UP 106%

by confoundedinterest17 Under Biden, the US economy is a land of confusion. Under Biden’s Reign of Error, Mortgage Purchase Demand is down -44%, Refi Demand is down -87%, and Mortgage Rates are UP 106%. Mortgage applications (demand) decreased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for …

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Bank Run Underway? Updated commercial bank deposit data shows $54.1738 Billion in deposits removed. Last week saw it going from $17.64t to $17.61t (-$30b)–$80+ Billion removed from deposits in the last two weeks!

by Dismal-Jellyfish It gets even more interesting! 1 year ago: 3/16: 18,073.5395 Billion. High was hit 4/13/2022: 18,130.6814 Billion. Over half a trillion in deposits pulled in the last year! Board of Governors of the Federal Reserve System (US), Deposits, All Commercial Banks [DPSACBW027SBOG], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DPSACBW027SBOG, March …

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