Danger Jay Powell! US Median Home Prices Crashed -7.4% In Q2,...
• Confounded Interest...Worst Decline Since Recessions Of 1970 And 2008 (Higher Mortgage Rates + Tighter Mortgage Credit Box = Heartaches On Heartaches!)
Contents Pages by Subject
Economy - Recession-Depression
Peter Schiff: We're Living on Borrowed Time! (Interview)
• Schiff GoldPeter Schiff recently appeared on Nino's Corner with David Nino Rodriguez to talk about the trajectory of the economy.
Will "Climate Stakeholders" Engineer an Economic Depression to Save the Planet...
• https://www.activistpost.com, By Igor ChudovWill "Climate Stakeholders" Engineer an Economic Depression to Save the Planet From Global Warming?
A massive credit card debt catastrophe is coming.
• Citizen Watch ReportEven though we are not yet in a recession, banks are already perilously close to collapse.
Regional banks facing credit losses for commercial real estate: Moody's study
• MarketWatchMoody's sees material exposures to higher-risk office and construction loans by regional banks.
Mortgage demand drops to 27-year low as interest rates pull back
• CNBCApplications for a mortgage to purchase a home fell 2% for the week and were 28% lower than the same week one year ago.
The Next Auto Repossession Wave Could Involve Robots Doing The Work For Banks
• Activist PostAs more consumers default on credit card and auto loan payments, financial strain intensifies as the Federal Reserve's interest rate hiking campaign stands at two-decade highs, potentially leading to a surge in vehicle repossessions.
Great Depression vs Silent Depression: 1930 vs 2023 Numbers Are Shocking
• https://rumble.com, TheLibertyDailyGreat Depression vs Silent Depression: 1930 vs 2023 Numbers Are Shocking
Speculation Grows That Warren Buffett Is "Bracing For A Recession" -
• http://theeconomiccollapseblog.com by Michael Snyd-As Consumer Confidence Plummets And Retailers Fall On Hard Times
Warren Buffett may be bracing for a recession...
• Business Insider...and Michael Burry's latest big short is a 'good move,' says top economist Steve Hanke
8 Signs That We Are Right On The Verge Of A Major Credit Card Debt Crisis
• The Economic Collapse Blog - Michale SnyderAmericans are becoming increasingly dependent on their credit cards to make ends meet from month to month, the percentage of us that are carrying balances from month to month is growing, and the average rate of interest on such balances has risen abo
How Big is the US Housing Bubble?
• Mish TalkSome deny there is a housing bubble. I believe the bubble is obvious.
Germany is heading into a recession caused by its green energy policies, -
• https://www.dailymail.co.uk By PERKIN AMALARAJ-its politicians warn, as the country is labelled the 'sick man of Europe' for its stagnating economy while Brexit Britain sees growth
Housing market affordability is worse now than at the height of the housing bubble in 2006
• FortuneHousing affordability, as monitored by the Atlanta Fed, has already deteriorated beyond the levels seen at the housing bubble's peak in 2006.
'Just Say No!' To Economic Slavery
• Zero Hedge - Tyler DurdenI've been referring to September as a month to watch when it comes to the complete economic disaster that's about to befall the Western world.
How are you affording to live?
Donna HancockNormies waking up to the fact that they can't afford to live anymore
"This is going to be worse than the Great Depression" Feat. Rob Kientz
• https://www.zerohedge.com, by Kinesis MoneyIn this week's episode of Live from the Vault, Andrew Maguire is joined by Rob Kientz of GoldSilverPros.com to evaluate the immediacy of another major US banking crisis and the ricochet effect this could have on people's bank deposits.
It's All Gone: All "Excess Savings" Have Now Been Exhausted, JPMorgan Calculates
• Twitter - Zero HedgeIt's All Gone: All "Excess Savings" Have Now Been Exhausted, JPMorgan Calculates "lower income cohorts are increasingly coming under pressure with fewer offsets and with little sign of relief from the high cost of capital environment"
Rich Elites Are FLEEING Cities, They Know The Collapse Is Coming
• TimCastIRL
A "Global Inflationary Depression" Is Very Possible
• https://www.zerohedge.com, by Bruce WildsRoughly two and a half years ago it was predicted here on AdvancingTime that we might soon be witness to the first global inflationary depression. Many of us predicted inflation rolling in but underestimated the size of stimulus that would be put in
Bill Gates made a fortune from insider trading in 2020
• arcleinBy closing down economic and social activity in response to the so-called covid pandemic, "from an economic standpoint, when you confine the labour force and you freeze the workplace, the answer is obvious: it's economic collapse, of the real eco
Americans are pulling money out of their 401(k) plans at an alarming rate
• CNNMinneapolis CNN - More Americans are tapping their 401(k) accounts because of financial distress, according to Bank of America data released Tuesday.
The Real Threat Is a Market-Driven Dollar Downgrade
• Schiff GoldLast week, Fitch Ratings downgraded the US's long-term credit rating from AAA to AA+. While the downgrade won't significantly impact the US government's ability to borrow, it should serve as a wake-up call because there is a much bigger problem
Recession Or No Recession? Elon Musk Finds It 'Hard To Tell What The Heck Is Going On'
• https://www.msn.com, by Ananya GairolaElon Musk's latest remark on the economy sparks intrigue as he ponders, "Hard to tell what the heck is going on," amid the backdrop of positive job growth reports.
Industry Downturn! RV Sales Have Slumped
• https://rvlifestyle.com by Mike WendlandThe RV Sales numbers coming out of Elkhart are dismal this summer, with some dealers even using the R-word to describe the seriousness of the problem – R as in Recession!
Big Drop in Cardboard Box Sales Scream Recession
• Schiff Gold - Michael MaharreyGood news. The looming US recession has been canceled. Or has it?
Credit Scores Abruptly Plunge As Americans Stop Paying Down Debt; Synchrony Financial Warns
• Zero HedgeOver the past few years, tens of millions of consumers witnessed a remarkable increase in their credit scores, primarily due to helicopter money dished out by the federal government, rock-bottom interest rates, and a pause on student-loan payments.
The Private Sector Recession
• https://schiffgold.com, BY SCHIFFGOLDThe Federal Reserve has hiked interest rates to levels not seen since before the financial crisis in 2008. The money supply had contracted at a rapid rate.
It's Worse Than I Thought: Shocking New Data Indicates the Unthinkable Is About to Happen
• Steven Van Metre
CRE Nightmare for CMBS Holders: Office Mortgage Delinquency Rate Has Biggest Six-Month Spike Ever
• Wolf StreetIt's just the Beginning
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