Housing Market

More Sellers Are Listing Their Homes, Hoping to Cash in on High Prices and Demand From Buyers

New listings of homes for sale are up 7.6%, the biggest year-over-year increase since June (except the four weeks ending November 24, when the increase was inflated due to Thanksgiving). […]

Debt Ceiling

Government Spending Shock: US Budget Deficit Soars In Worst Start To Year On Record

It is only fitting that the twilight days of the Biden admin would exhibit more of the same fakeness that defined not only all of the past four years, but certainly the fakeness of that Kamala Harris presidential campaign which had a billion dollars a month ago and ended up in failure, broke… and millions in debt. […]

Housing Market
Bitcoin
Credit and Debt

In “Last Hurrah”, Credit Card Debt Explodes Higher Despite Record High APRs As Savings Rate Craters

One month ago, when multiple discount retailers (here and here) were lamenting the sudden collapse in US consumer purchasing power, we highlighted the reason this unexpected hit to US consumption: as the US personal savings rate had collapsed, the growth in consumer credit was slowing […]

Housing Market
Economy
Interest Rates
Housing Market
Debt Ceiling