economy

Economy

Peter Schiff: It’s the Beginning of the End of This Whole Phony Economy

September 28, 2023 RickMad Comments Off on Peter Schiff: It’s the Beginning of the End of This Whole Phony Economy

Schiffgold.com: Interest rates continue to push relentlessly higher. As Peter Schiff explained in his podcast, that’s a big problem when the entire economy is built on a foundation of cheap money. But most people in […]

Credit and Debt

The Great Debt Crisis of Our Lifetimes is Approaching

September 20, 2023 RickMad Comments Off on The Great Debt Crisis of Our Lifetimes is Approaching

ZeroHedge.com: The Great Debt Crisis of our lifetimes is approaching. As S&P Global recently noted, global debt has just hit $300 TRILLION for the first time in history. As if that wasn’t jaw dropping enough, […]

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 […]

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 […]

Economy

Recession Or Soft Landing: What’s Next for the U.S. Economy?

September 8, 2023 RickMad Comments Off on Recession Or Soft Landing: What’s Next for the U.S. Economy?

Forbes.com: Investors are more and more confident that the U.S. economy can avoid falling into recession in 2023. This so-called “soft landing,” the sweet spot between cooling inflation and a still-growing economy, appears to be a real […]

Housing Market

Expert Says ‘Some Kind Of Miracles’ Needed In ‘World Of Real Estate’ To Reverse Trends

September 5, 2023 RickMad Comments Off on Expert Says ‘Some Kind Of Miracles’ Needed In ‘World Of Real Estate’ To Reverse Trends

FoxBusiness.com: Freddie Mac reported rates for a 30-year fixed mortgage averaged 7.18% as of Thursday. The housing market continues to leave homebuyers struggling to find affordable options as mortgage rates surge and inventory remains scarce.  One industry […]

Economy

Bad Economic News Is Good News For Stocks. When Will That Change?

September 4, 2023 RickMad Comments Off on Bad Economic News Is Good News For Stocks. When Will That Change?

MarketWatch.com: With second-quarter earnings season now largely behind the market, stock investors have been focusing on the latest economic data and for the most part been reacting positively to “bad economic news,” or any data […]