A game-changer is underway. Even the NAR concedes this “shift from a seller’s market to a buyer’s market.” By Wolf Richter for WOLF STREET. Mortgage rates have dropped to about 6.8%, down by a full percentage point from […]
She nails it with her list of inflation-fueling factors. It parallels what Powell said more softly at the press conference. The first three months of the year have produced a nasty re-acceleration of inflation in […]
Raises longer-run rate projection (higher for longer), and projections for inflation and GDP in 2024. By Wolf Richter for WOLF STREET. FOMC members voted unanimously today to maintain the Fed’s five policy rates, with the top of its […]
Net purchases in 2023 almost matched the previous year’s record, the World Gold Council has said Total gold demand hit the highest level on record last year of 4,899 tons amid global uncertainty and […]
Business activity in Europe’s 20-nation single currency bloc continued to contract at the end of 2023, as a downturn in the dominant services industry stretched into the final month of the year, data compiled by […]
Authored by Jeff Thomas via InternationalMan.com, As the Great Unravelling progresses, we shall be seeing many negative developments, some of them unprecedented… Only a year ago, the average person was still hanging on to the […]
By Jan Nieuwenhuijs, of Gainesville Coins In a recent interview the Dutch central bank (DNB) shares it has equalized its gold reserves, relative to GDP, to other countries in the eurozone and outside of Europe. […]
NEW YORK/WASHINGTON, Nov 10 (Reuters) – Moody’s on Friday lowered its outlook on the U.S. credit rating to “negative” from “stable” citing large fiscal deficits and a decline in debt affordability, a move that drew […]
31 Oct, 2023 08:09 HomeBusiness News The Eurozone’s industrial powerhouse has continued to weaken, official data shows Germany’s GDP fell 0.1% in the third quarter from the previous three months, the Federal Statistical Office reported […]
California has sustained massive population declines since the Covid pandemic. Residents have been fed up with radical authoritarian progressive politicians, as well as shit-covered streets, imploding metro areas, out-of-control homelessness, open-air drug markets, soaring violent […]
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