Year: 2023

Debt Ceiling

U.S. National Debt Tops $33 Trillion for First Time

September 19, 2023 RickMad Comments Off on U.S. National Debt Tops $33 Trillion for First Time

NYTimes.com: The fiscal milestone comes as Congress is facing a new spending fight with a government shutdown looming. America’s gross national debt exceeded $33 trillion for the first time on Monday, providing a stark reminder of the […]

Housing Market

Homebuilder Sentiment Goes Negative For The First Time In 7 Months, Thanks To Higher Mortgage Rates

September 18, 2023 RickMad Comments Off on Homebuilder Sentiment Goes Negative For The First Time In 7 Months, Thanks To Higher Mortgage Rates

CNBC.com: U.S. homebuilders are feeling pessimistic about their business for the first time in seven months, thanks to stubbornly high mortgage rates. Builder confidence in the single-family housing market fell 5 points in September to […]

Economy

Yield Curve Pioneer Warns Fed Not To Raise Rates, Predicts Possible Recession In 2024

September 18, 2023 RickMad Comments Off on Yield Curve Pioneer Warns Fed Not To Raise Rates, Predicts Possible Recession In 2024

FoxBusiness.com: The yield curve inversion has continued for 212 days, Campbell Harvey says. Yield curve pioneer Campbell Harvey warned the Federal Reserve against raising rates again later this year, telling FOX Business on “The Claman Countdown” […]

Interest Rates

‘Shark Tank’ Investor Kevin O’Leary Warns Of ‘Real Chaos’ In The Coming Months As High Interest Rates Batter The US Economy

September 18, 2023 RickMad Comments Off on ‘Shark Tank’ Investor Kevin O’Leary Warns Of ‘Real Chaos’ In The Coming Months As High Interest Rates Batter The US Economy

BusinessInsider.com: “Shark Tank” star Kevin O’Leary thinks high interest rates are about to spark a fresh bout of chaos in the US economy. The famed investor pointed to high interest rates as the result of […]

Technology

The New iPhone 15 is a Solid Upgrade For People With Old Phones. Here’s Why

September 14, 2023 RickMad Comments Off on The New iPhone 15 is a Solid Upgrade For People With Old Phones. Here’s Why

USAToday.com: Sometimes, it really is the little things that matter. That is, as long as there are a lot of them. Such is the case with Apple’s latest smartphone, the iPhone 15, which the company unveiled alongside […]

Electric Vehicles

Florida Lawmakers Aim to Require Electric Vehicle Owners to Pay $200 in Annual Registration Fees

September 14, 2023 RickMad Comments Off on Florida Lawmakers Aim to Require Electric Vehicle Owners to Pay $200 in Annual Registration Fees

FoxBusiness.com: The cost would increase to $250 starting in 2029. A Republican lawmaker in Florida proposed a registration fee aimed at helping make up for lost gas tax dollars.  State Senate Transportation, Tourism and Economic Development Appropriations Chairman […]

Housing Market

Mortgage Demand Stalls at a Level Not Seen Since 1996

September 13, 2023 RickMad Comments Off on Mortgage Demand Stalls at a Level Not Seen Since 1996

CNBC.com: Higher mortgage rates continue to take their toll on mortgage demand, especially for refinancing. Total mortgage application volume dropped 0.8% last week compared to the previous week, according to the Mortgage Bankers Association’s seasonally […]

Economy

Consumers Hit As Gas Prices Spark Biggest Inflation Jump in Six Months, Up 3.7% Year Over Year In August

September 13, 2023 RickMad Comments Off on Consumers Hit As Gas Prices Spark Biggest Inflation Jump in Six Months, Up 3.7% Year Over Year In August

SeekingAlpha.com: Consumer prices heated up again in August, as the prices of gasoline and housing contributed to the Consumer Price Index. For the month, the measure increased 0.6%, the same as the 0.6% expected and surging from […]

Big Tech

‘Monumental’ Antitrust Case Between Google, Justice Department Begins In Washington, DC

September 12, 2023 RickMad Comments Off on ‘Monumental’ Antitrust Case Between Google, Justice Department Begins In Washington, DC

FoxBusiness.com: Justice Department filed civil antitrust lawsuit against Google in October 2020. An antitrust challenge against Google that the Justice Department is describing as a “monumental case” is kicking off Tuesday in Washington, D.C.  The Justice Department […]

Bitcoin

Bitcoin Halving Is Nice, but Kickstarting Bull Run Requires Fiat Money Supply Growth

September 8, 2023 RickMad Comments Off on Bitcoin Halving Is Nice, but Kickstarting Bull Run Requires Fiat Money Supply Growth

CoinDesk.com: While bulls point to next year’s halving as a bull catalyst, any sizable uptrend is likely contingent on major central banks boosting their year-on-year M2 money supply growth rates, past data show. The battered […]