by admin | Mar 8, 2023 | Commodity
President Joe Biden delivers remarks on his plan to protect Americans access to affordable health care in Virginia Beach, Virginia, on Feb. 28, 2023.Saul Loeb | AFP | Getty ImagesPresident Joe Biden this week called for higher taxes on wealthy Americans to boost...
by admin | Mar 8, 2023 | Commodity
On Friday, residential real estate brokerage firm Redfin released new data on home prices, showing that prices fell 0.6 percent in February, year over year. According to Redfin’s numbers, this was the first time that home prices actually fell since 2012. The...
by admin | Mar 8, 2023 | Commodity
Yesterday, the spread between 2- and 10-year yields rose above 1% (and in the past 24 hours yield curve has blown out another 10bps to 110bps) for the first time since 1981, when Paul Volcker was engineering hikes that broke the back of double-digit inflation at the...
by admin | Mar 8, 2023 | Commodity
Step 1 of QT is operating at full speed. Step 2 of QT is just starting. By Wolf Richter for WOLF STREET. Total assets on the ECB’s balance sheet, released today, plunged by €1.005 trillion from the peak in June 2022, to €7.83 trillion, the lowest level since June...
by admin | Mar 8, 2023 | Commodity
According to Attom Data, New York City leads the nation in zombie forceclosures. A zombie foreclosure refers to a situation where a homeowner vacates their property after receiving a notice of default, expecting they will lose the home in the pending foreclosure. The...
by admin | Mar 8, 2023 | Commodity
Mortgage applications increased 6.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 3, 2023. The Market Composite Index, a measure of mortgage loan application...
