Federal Reserve’s Actions ‘Colossal Failure of Common Sense,’ ‘Lehman Problem’ Lurking: Expert
The Bear Traps Report founder and editor Larry McDonald discusses the Federal Reserve’s interest rate hikes and reacts to the jobless claims report on ‘Mornings...
How Money Printing Destroyed Argentina and Can Destroy Others
The most dangerous words in monetary policy and economics are “this time is different.” The big mistake of politicians in Argentina is to believe that...
Pennies From The Fed! Who Gained The Most From Fed Stimulypto? The Top 1%, Of Course! (Fed Helps Homeowners, Not Renters) – Confounded Interest – Anthony B. Sanders
Pennies from Heaven. That is what the bottom 50% received from The Federal Reserve’s massive doses of monetary stimulus (or stimulypto). There was one big...
Mastercard launches ‘smile to pay’ system amid privacy concerns | Fintech
Mastercard is rolling out a controversial programme that will allow shoppers to pay at the till with a mere smile or wave of the hand,...
U.S. household wealth drops for first time in 2 years
June 9 (Reuters) – U.S. household wealth declined for the first time in two years in the first quarter of 2022 as a drop in...
Bank of Canada Sees Housing-Market Slowdown as ‘Healthy’
(Bloomberg) — Bank of Canada Governor Tiff Macklem said rising interest rates aren’t expected to derail the nation’s economy and may even produce a “healthy”...
Sellers Have Lost Control of the Housing Market, But What About Rent? – Mish Talk
Mortgage Market Index courtesy of Trading Economics Mortgage Applications at 22-Year Low “The MBA Mortgage Market Index in the United States decreased 6.5% to 288.40...
Housing Bubble Getting Ready to Pop: Mortgage Applications to Purchase a Home Drop to Lockdown Lows, “Bad Time to Buy” Hits Record amid Sky-High Prices, Spiking Mortgage Rates
Refinance mortgage applications collapsed to lowest since year 2000. By Wolf Richter for WOLF STREET. This just keeps getting worse: Applications for mortgages to purchase a home dropped...
Stocks fall sharply as Wall Street gears up for inflation data
U.S. stocks plunged Thursday as angst grew on Wall Street over key inflation data due out Friday. The S&P 500 tumbled 2.4%, and the Dow...
Could Home Prices Crash As Much As In 2008?
Housing analyst Nick Gerli returns to the program to warn how swiftly the prospects for home prices are eroding. Confidence in the housing market was...