The Housing Blues! US Pending Home Sales Tank -22.5% YoY In July As Fed Tightens And M2 Money Growth Slows – Confounded Interest – Anthony B. Sanders
Me and the (housing) blues. At The Fed continues to tighten to fight inflation, pending home sales in July crashed and burned. That is, pending...
Notable Quotable | Today’s top gold news and opinion
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– “The first step in theorizing correctly about money is to understand that the value of money, like that of commodities, is never fixed and...
Private Sector Business Activity at Lowest Level Since COVID Lockdowns
August 24, 2022 by Michael Maharrey 0 0 In yet another sign the economy is tanking, private-sector business activity contracted for the second straight month in August. The...
Stock market news live updates: August 24, 2022
U.S. stock futures teetered between gains and losses Wednesday as investors awaited clarity from Federal Reserve policymakers on their monetary tightening plans against a backdrop...
A major low for silver
MoneyShow/Clif Droke/8-18-2022 “Recent CFTC Commitments of Traders (COT) reports reveal that commercial hedgers (the so-called ‘smart money’ in the silver market) are at one of...
Dollar, stocks slip as market struggles with Fed message
By Herbert Lash NEW YORK (Reuters) – The dollar eased and yields at first fell on Tuesday as data showing slower economic growth raised initial...
US 30yr Mortgage Rate Rises To Near 6% Housing Affordability WORST Since 2006 Housing Bubble (Yield Curve Remains Inverted) – Confounded Interest – Anthony B. Sanders
Baby, let me take you home is getting more difficult as mortgage rates approach 6%. The National Association of Realtors’ Homebuyer Affordability Index for fixed-rate...
US New Home Sales Crash And Burn In July, Down -32.26% YoY (-12.65% MoM) While Average Price Rises +19.57% From June – Confounded Interest – Anthony B. Sanders
Well, new home sales aren’t coming to the rescue for affordable housing. July’s New Home Sales crashed and burned. At -32.26% YoY. This is happening...
Future historians may call this the ‘Crisis of the 21st Century’
In the year 210 AD, after two decades of constant warfare, Roman Emperor Septimius Severus was finally satisfied: he had conquered nearly the entire known...
Is a Recession Simply a Decline in GDP? What Does That Mean?
According to the National Bureau of Economic Research (NBER), the institution that dates the peaks and troughs of the business cycles: A recession is a...