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The yield curve - short and long - is screaming 'policy error imminent' as its aggressive anti-inflation fight will inevitably trigger anything but a soft landing and spark a new round of easing/QE that will once and for all crush the central planner
It's official: inflation was so hot, it not only came at the highest level since Volcker hiked rates to 20% to avoid hyperinflation, but blew away pretty much all whisper numbers (it wasn't however, as high as that fake leaked BLS report).
With inflation at a 41-year high, gas at record prices, and the cost of food and housing reaching record levels, Americans are looking for alternative methods for staying afloat as their resources are dwindling.
Lawmakers this week will rubber stamp a bill authorizing tens of billions more to the Defense Department that it didn't even ask for.
"We anticipate continued challenging market conditions, with mortgage originations projected to decline by roughly half in 2022 from 2021, including an accelerated decline in the second half of 2022, followed by a further decline in 2023."
The mainstream seems to have conceded that the economy is heading toward a recession. But most people aren't too worried. They seem to think the downturn will turn out short and shallow.
Let's check in with a real estate consulting firm on a major housing crash now underway.
Contrary to widespread belief, the Fed is actually making progress. It will be very slow at first, then ramp up to slow.
Study shows taxpayers billed $4 for every $1 that reached employees
Last month, when we reported that the latest (April) consumer credit numbers were an absolute shocker, with another month of blowout revolving (credit card) debt confirming that US consumers had tapped out, and were spending themselves silly with mon
It appears the laws of supply and demand have once again miraculously re-appeared - this time in the home mortgage market.
Automobile affordability worsens as Americans are saddled up with monthly payments topping $1,000, and loan delinquencies are creeping higher thanks to increasing economic pressures thanks to the Federal Reserve's aggressive monetary tightening regim
A terrifying financial warning for 2022 (from Michael Burry)
Biden regime BLOCKS new Atlantic and Pacific oil drilling operations, which will send fuel prices even higher
Why is Biden emptying out the strategic petroleum reserve when we could just pump more oil?
...loan demand collapse meets supply...
"So we are seeing some headwinds there a little bit when it comes to delinquencies as maybe a leading indicator."
Nearly 2 Openings For Every Unemployed Worker
"Running hard increases general stress on a unit, increasing the risk of an unplanned outage,"
Oil prices tumbled Tuesday with the U.S. benchmark falling below $100 as recession fears grow, sparking fears that an economic slowdown will cut demand for petroleum products.
America's formidable military arsenal became even more so this week, as Raytheon Technologies revealed a brand-new rent-seeking missile.
America's central bank, the Federal Reserve System (Fed), is currently decimating the US economy for the third time in its existence.
Which are you going to believe?
Legendary financial and geopolitical cycle analyst Martin Armstrong says, "If my computer had legs, it would hide under my bed."
People appear to be losing interest in 'the current thing' as Russia gains more territory in Ukraine.
There's a lot of concern out there over rising fuel prices as the US and European economy heads off a cliff.
The worst economic crash of all time (Everything Bubble)
Life for us will get simpler, for sure, but it doesn't have to be a trip back to the eleventh century….
The Case Shiller home price index hit new highs across the board in the latest report for April. In practice, home prices have started to fall.
That is Bank of America's latest forecast for the growth of the U.S. economy in the second quarter.
