The government better not ever stop dousing consumers with free money.
Subsidizing CMBS impedes the necessary market adjustment away from commercial property and toward residential redevelopment.
And refinance mortgage applications plunged by over half from 2020 spike.
I’ve Arrived. My name is finally big enough in finance to be used by a fraudster. But the brain-dead garbage in the email is funny and obviously fake to those who’ve been reading my stuff.
If the homeownership component in CPI mirrors the Case-Shiller Home Price Index, CPI would jump 5.1%! Not to speak of new & used vehicle prices, which I nevertheless speak of.
The Pandemic strengthened the resolve to fight obesity.
The Fed provides the data quarterly, I dissect it at the stunning per-capita level.
Some Green Shoots, but Finding them Is Tricky.
The distortions caused by the shift to working from anywhere are hitting households that can least afford it.
And companies have been reporting that they’re able to pass on those surging costs. So here we go with inflation.
We’re going to be awash in huge and even absurd percentage-growth numbers.
The “minimum book tax” on reported earnings would be a tax incentive to produce realistic earnings reports. Wall Street will fight it furiously.
Imports of goods soared, while the already small services surplus plunged to nine-year low.
“Makes you wonder if there’s a potential mid-QE-life crisis taking shape in Ottawa”: strategists at the National Bank of Canada in a note that would be hilarious if it weren’t so serious.
This isn’t a blip.
The entire mindset has changed.
What does it mean for the markets that the government now spends the proceeds from debt sales last spring that the Fed had monetized back then?
Video interview with Peak Prosperity.
But long-term Treasury yields have surged, to the great consternation of our Wall Street Crybabies.
Bringing back permanent job losers took years the last two times, and it hasn’t even started yet.
No housing market can produce enough homes when homes are massively used as vacant investment speculations. This creates an artificial shortage.
Central banks getting nervous about the Fed’s drunken Money Printing and the US Government’s gigantic debt? But still leery of the Chinese renminbi.
I am the mother-in-law of Nick Corbishley, author of “365 Days with my Mother-in-Law: Boots on the Ground View of Barcelona’s Economy.” This is my side of the story.
Dollar’s Purchasing Power Swoons, but CPI ignores house price inflation.
But low-tier prices of single-family houses in the vast New York City metro explode by 15%, powered by fleeing Manhattanites?
Banks, as prime brokers and counterparties to the hedge fund, are eating multi-billion-dollar losses as they try to get out of these secretive stock derivative positions.
The SPAC market is in the process of detonating and it will take the Ponzi Sector with it.
Need a used pickup truck? Forget it, or pay out of your nose for it. But even spurned mid-sized cars are seeing stunning price increases.
Free money runs out, spending drops: that’s mantra now.
At what point does the shrinking difference no longer justify the move? But wait… the Exodus for the Sierra Nevada isn’t driven by savings.