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One month ago, when looking at the CME's little known housing price futures, we noted that at least according to the market, housing has now bottomed. A lot has changed since then, and while the May 23 Housing Price Futures contract has continued to
Now that soaring rates have burst the commercial real estate bubble, the carnage is coming fast and furious.
I am so alarmed by the economic numbers that have been coming out recently. I wrote about some of them in an article that I posted yesterday, and I am going to write about some more of them today.
This past month a poll held by ABC and the Washington Post with a 37 year history asked Americans if they were better or worse off in the two years since Biden entered the White House.
Why is the U.S. economy suddenly deteriorating so rapidly all around us? Well, the short answer is that this downturn is way overdue. For years, our leaders tried to cheat the laws of economics.
I've advised people to get and stay out of debt for a long time, but even so, I didn't fully understand the affects of debt until the Covid time hit us. As the mayhem spread, I struggled to understand the level of compliance with what would have
For the past year, both the Biden White House and the Fed have been desperate to usher in a (mild) recession in the US to break the back of runaway inflation and the wage-price spiral with little success.
The Case-Shiller Home Price index is hugely lagging. Prices in many areas are dropping much faster, but let's tune into the report.
One month ago, when discussing the "perfect storm" hitting the US auto market, we showed that according to Fitch "More Americans Can't Afford Their Car Payments Than During The Peak Of Financial Crisis"...
Biden's $400 BILLION student loan forgiveness plan set for Supreme Court showdown: Justices to hear argument from six Republican states that call it an abuse of power
Biden Treasury Secretary Janet Yellen made a surprise visit to Ukraine on Monday after announcing another $10 billion in financial assistance.
Forty people living in an apartment building in the German city of Lörrach have been given eviction notices as the government makes room for refugees.
The office properties owned by Pimco's Columbia Property Trust range from New York to San Francisco.
The brief and weak rebound in mortgage applications is over already.
The Fed holds interest rates to be its primary control valve, with lower ones providing a stimulus to the GDP and higher ones a brake.
If you listened to any of President Biden's State of the Union addresses, you may have been surprised to hear that inflation has slowed down. (Here's Marie's breakdown of the speech.)
The lumber industry has been my leading indicator for the economy. The oversupply to under supply and back known as the Bullwhip effect will spread throughout the rest of the economy.
Legendary financial and geopolitical cycle analyst Martin Armstrong said at the end of last year the U.S. is being set up for a "nightmare fall." Train derailments and political problems are spinning out of control, but the biggest threat is war
The Congressional Budget Office (CBO) has warned that the United States could default on its national debt if Congress and the White House are unable to agree on raising the debt ceiling.
A brief drop in mortgage rates towards 6.0 percent was not enough to entice buyers in January.
A recent survey pointed out what we've been saying all along – groceries prices are hard to handle, and quality food has become a luxury that few can afford.
The average person in the U.S. is around $96,400 in debt... but, as Statista's Katharina Buchholz notes, if Americans would be charged by their hometowns and cities for the debt they have taken on in the name of their residents, a fairly big sum woul
Home prices are going up across the country -- in aggregate. Looking at individual markets, however, some are showing prices have fallen from a year ago.
International Man: Recently, there have been whispers about the Fed raising its official inflation target above 2%.
A TikToker went viral for explaining why anyone in the US making less than $25/hour is in serious trouble. He has a point. But you can prove him wrong
When the going gets tough, it can be extremely tempting to pile on debt as a solution.
December retail sales were much worse than expected. November was revised heavily lower as well, but shoppers returned in January.
We will enter a world without finance, and it will be a better world, for the economy will no longer be in thrall to the derangement and inequality of parasitic, predatory finance.
Tl;dr: Inflation accelerated on a monthly basis.
Maritime data suggests shippers still struggling with demand
