Housing Collapse Coming Right Up
• themaven.net by Mike Mish ShedlockMortgage rates are high and rising. Refinancing opportunities are nonexistent; home affordability has collapsed.
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Mortgage rates are high and rising. Refinancing opportunities are nonexistent; home affordability has collapsed.
Mortgage rates are high and rising. Refinancing opportunities are nonexistent; home affordability has collapsed.
Are your local stores on the list? Every year, it seems like more and more retail outlets are going out of business, resulting in the loss of jobs and local supplies. Last year, hundreds of stores closed, and this year, even more shops are scheduled
The new tax plan has shown that Arthur Laffer's analysis was correct.
When it comes to the US economy, there is overall consumer spending, and then there is spending on vices - a true leading indicator of overall consumer confidence and discretionary spending as Americans generally won't splurge on hookers, blackjack a
Financial guru Peter Schiff, who accurately predicted the recession of 2008, says the problems we face now are even bigger.
In an eerie analogue of what is about to take place, on March 5, 2002 President George W. Bush imposed tariffs as high as 30% on global steel imports.
Financial guru Peter Schiff, who accurately predicted the recession of 2008, says the problems we face now are even bigger.
With Dalio, Gundlach, Gross, Greenspan, and Tudor Jones (to name but a few) now firmly in the 'bond bear market is here'-camp, Goldman Sachs has produced a detailed, annotated history of US interest rates... and what happened each time rates spiked.
While a week ago, both Goldman and BofA noted that investor euphoria was quick to rebound from the February "Quant Qrash" doldrums, in his latest Flow Show report, BofA CIO Michael Hartnett finds that the scramble to rush into risk assets has moderat
Dear Money & Crisis Reader, Our economy is not invincible.
Personal income rose 0.4% in January, but consumers only spent half of the boost.
In our discussion on Monday, we talked about the latest annual letter from Berkshire Hathaway, Warren Buffett's holding company.
In a striking interview with Goldman's Allison Nathan, legendary trader Paul Tudor Jones argues that US inflation is set to accelerate sharply, making bonds a very poor investment, and that the Fed must act swiftly to tackle financial bubbles created
U.S. factories expanded in February at the fastest rate since May 2004, indicating sustained strength in manufacturing as demand remains solid, figures from the Institute for Supply Management showed Thursday.
Those who thought weakness in home sales was a temporary soft patch appear to have things wrong.
Economists expect higher inflation based on rising producer prices. But will producer prices feed consumer prices? When?
The consensus estimate on new home sales missed the mark badly but there were positive revisions in two prior months. The consensus Econoday estimate was 640,000 new home sales in January but the economists were off by a mile.
The second longest bull market in stocks was brutally interrupted in early February 2018 with some serious volatility, including the largest single day point drop in the history of the Dow Jones Industrial Average.
Right now, the U.S. government is operating in the negative on every front: it's spending far more than what it makes (and takes from the American taxpayers) and it is borrowing heavily (from foreign governments and Social Security) to keep the go
Over the weekend on Saturday morning, amid its usual fanfare and attention, Warren Buffett's company Berkshire Hathaway released its annual report to the public.
When it comes to stock buybacks - an increasingly politically charged topic - 2018 has already been a historic year: as we reported last weekend the $171 billion in YTD stock buyback announcements is the most ever for this early in the year. In fact,
Financial Advisor Larry Swedroe recently wrote an essay called "The Four Horsemen of the Retirement Apocalypse" that should be required reading for anyone embarking on retirement and all advisors helping retirees. Basically, retirees, whether the
Implicitly, that $15 trillion of new red ink also includes funding the $2.5 trillion per year entitlement sector that the deal leaves untouched and on automatic pilot; and also straining out the rest of the Kentucky windage embedded in the CBO baseli
Here's How Regulators Are Inadvertently Laying The Groundwork For The Next Housing Crisis
First "Brexit," then Trump.
Ray Dalio, who embarrassed himself saying "You're Going to Feel Pretty Stupid Holding Cash" offers more silliness.
Economists expected last year's strength to continue. It petered out in December and the floor fell out in January.
On October 19, 1987, the Dow experienced its biggest one-day percentage loss in history – plunging 22.6%.
On February 19, I published a commentary about how the federal government couldn't account for $21 trillion and how the General Accounting Office concludes year after year that the nation's books are "not trustworthy" and not in compliance wi