Housing Market

Homebuilder Sentiment Drops Sharply, As Mortgage Rates Surge Over 7%

August 15, 2023 RickMad Comments Off on Homebuilder Sentiment Drops Sharply, As Mortgage Rates Surge Over 7%

CNBC.com: Rising mortgage rates are hitting potential homebuyers hard, and that is taking steam out of the homebuilding market. Builder sentiment in the market for newly built homes dropped 6 points to 50 in August, […]

Inflation

Peter Schiff: The Fed Will Never Hit Its Inflation Target

August 14, 2023 RickMad Comments Off on Peter Schiff: The Fed Will Never Hit Its Inflation Target

SchiffGold.com: The Consumer Price Index (CPI) data for July came out last week. Even though the headline number ticked up slightly compared to June, most mainstream analysts took it as a sign that the Federal Reserve […]

Cryptocurrency

The Future Of Crypto Hinges On A Fight Between The SEC And A Former Burger Flipper

August 14, 2023 RickMad Comments Off on The Future Of Crypto Hinges On A Fight Between The SEC And A Former Burger Flipper

NPR.com: Binance may not be a household name, but in the world of cryptocurrencies it has a massive presence. And now, the company founded by a former burger flipper turned billionaire is engaged in a […]

Credit and Debt

Once You Hit This Credit Score, ‘There’s No benefit To Scoring Higher,’ Says Expert: ‘It’s Just Bragging Rights’

August 14, 2023 RickMad Comments Off on Once You Hit This Credit Score, ‘There’s No benefit To Scoring Higher,’ Says Expert: ‘It’s Just Bragging Rights’

CNBC.com: While having a perfect 850 credit score is impressive, you don’t necessarily need it to unlock the best benefits. “Typically, once you hit the mid-700s, you’re considered to have excellent credit and there’s no practical benefit to […]

Housing Market

Real Estate Experts Say ‘Challenges’ To Buyers and Sellers Are The ‘Greatest Ever’

August 11, 2023 RickMad Comments Off on Real Estate Experts Say ‘Challenges’ To Buyers and Sellers Are The ‘Greatest Ever’

FoxBusiness.com: For homebuyers and sellers alike across America, there’s a massive “struggle” being felt to close deals or make any money. “The challenges to real estate buyers and sellers right now are probably the greatest ever,” real […]

Economy

The Greater Financial Crisis of 2024

August 10, 2023 RickMad Comments Off on The Greater Financial Crisis of 2024

DailyReckoning.com: You’re probably aware that Fitch has downgraded the credit rating of the United States from AAA to AA+. It was big news last week. That’s nothing to cheer about, though it’s not likely to […]

Personal Finance

Credit Card Debt Hits Eye Popping $1T For The First Time Ever

August 8, 2023 RickMad Comments Off on Credit Card Debt Hits Eye Popping $1T For The First Time Ever

FoxBusiness.com: Americans are increasingly turning to their credit cards to cover everyday expenses, with debt surpassing $1 trillion for the first time at the end of June, according to a New York Federal Reserve report […]

Economy

Foreclosure Rates Are Surging: These 10 U.S. Cities Are Where They’re Up the Most

July 28, 2023 RickMad Comments Off on Foreclosure Rates Are Surging: These 10 U.S. Cities Are Where They’re Up the Most

Realtor.com: Foreclosures in America are on the rise for the second year in a row. This puts a firm bookend on an 11-year decline in the forced repossession or sale of a home when a […]

Economy

Here’s What The Fed’s Likely Going To Do The Rest Of The Year, According To Investors

July 28, 2023 RickMad Comments Off on Here’s What The Fed’s Likely Going To Do The Rest Of The Year, According To Investors

BusinessInsider.com: Odds are, the Federal Reserve won’t make any more interest rate changes the rest of the year.  At least according to investor bets across the market, as illustrated by CME’s FedWatch Tool. On Wednesday, policymakers […]

Investing

Down More Than 40%: Analysts Say Buy These 2 Beaten-Down Stocks Before They Rebound

July 28, 2023 RickMad Comments Off on Down More Than 40%: Analysts Say Buy These 2 Beaten-Down Stocks Before They Rebound

Finance.Yahoo.com: Reverse psychology can be considered a desired quality in the stock market. It is only natural to gravitate toward the leaders in any field, and an investor’s urge to hop on the latest surging […]