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Millions of Americans are finding it virtually impossible to keep up with their car payments, despite supposed "economic growth" and low unemployment, according to Reuters.
Desperation continues at the Fed. They're expanding their balance sheet (again), but denying that it's QE, despite the fact that they've added almost $200 billion to their balance sheet in just a matter of days. Fed Chair Powell is also out-and-about
The power is off in Northern California but we want to get this out even though it is still in draft form.
The power is off in Northern California but we want to get this out even though it is still in draft form.
Confidence in the U.S. housing market has started going in the wrong direction. '= Fannie Mae's monthly Home Purchase Sentiment Index (HPSI) retreated 2.3 points in September to a reading of 91.5, as doubts begin creeping into the minds of con
Update: Fed Chair Powell appears to have announced QE4 (but do not call it QE4!):
Following Fed Chair Powell's surprising announcement today that the Fed was resuming Permanent Open Market Operations after a 5 year hiatus, just as we said last month that it would (see "The Fed Will Restart QE In November: This Is How It Will Do It
I've written an unusual amount about the financial systems of the world over the past month. Honestly, I've felt that I'd be derelict not to.
Well Friday was fun. Big nasty drop and a vicious rally back up. Standard script right? After all we've all become accustomed to drops not lasting more than a few hours or days no matter what happens in the world.
One workday after the NY Fed took down only $38.55BN in collateral in its latest overnight repo operation, the funding market appears to again be getting tighter, and as the term repos are set to mature in the coming days, on Monday morning the NY Fe
What you're going to read in the next few minutes will be shocking and unbelievable. But it's also factual and logical. That will make it upsetting and disturbing. Most people are at least vaguely aware of what's happening. But very, very few a
Former Fed officials said the Fed should do $250 billion in repos to alleviate the funding crisis.
Preliminary Class 8 order data for September is starting to trickle in and, like the data preceding it so far this year - it's ugly.
In the aftermath of today's surprising WTO decision, in which the global trade mediator sided with the US in finding some $7.5BN in European Airbus subsidies illegal...
About a third of all US auto loans issued today are stretching out to seven years, according to the Wall Street Journal.
Since ISM manufacturing disappointed, The Dow has plummeted 1300 points to its lowest since August...
As Peter Schiff put it in his podcast, if the first trading day of the fourth quarter was a sign of things to come, bulls on Wall Street are in for a rough end to the year. In fact, Peter said the party is over and you don't want to be the last one
Americans on average spent more on taxes in 2018 than they did on the basic necessities of food, clothing and health care combined, according to the Bureau of Labor Statistics Consumer Expenditure Survey.
Host:
Ernest Hancock
Jeff Kirdeikis(Founder of Uptrennd) on the New-Era Social Media Platform where you get paid to post, comment, and share - Glenn Cripe (Language of Liberty) updates us from Italy - Charles Goyette (Author, Commentator) comes in studio to provide an up
Which are the least tax-friendly states in America? California doesn't crack the top 10, but Illinois sure does
Wacky races to the bottom In monetary policy terms, this is now clearly a race to the bottom.
The S&P 500 is testing a crucial CTA "trigger" level at 2903, but more broadly, all the major US equity indices have broken down below key technical support levels...
Home flipping is up and so is flip financing. Flippers sing the praises of increased leverage.
Where is it? The great bull market? Where is the imminent great bear market?
When it comes to the equity market, between the Trump and Powell puts, there appears to be nothing in this world - literally - that can put a dent in stock price.
According to the latest Census Bureau figures released this month, real American incomes remained essentially flat in 2018 after three straight years of growth.
Following reports earlier this month that a bankruptcy for the fast-fashion pioneer was imminent, Forever 21 filed for Chapter 11 protection in Delaware Sunday night, becoming the latest brick-and-mortar retailer to succumb to the Amazon-driven 'reta
During a recent podcast, Peter Schiff talked about the student loan debacle.
Last year, income inequality in the United States reached its highest level since the Census Bureau started tracking it in 1967, according to federal data released Thursday.
Update: Step away from the panic button (at least until tomorrow). Moments after the Fed announced that its second, expanded $60BN term repo came in oversubscribed (see below), the results of the overnight repo were also announced, and they sugges
