Mad Times FinancialYour World...Your Money...Your News

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

September 18, 2023 RickMad Comments Off

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 […]

Bitcoin

Tougher Rules Are Coming For Bitcoin And Other Cryptocurrencies. Here’s What To Know

NPR.com: For many people, cryptocurrencies like Bitcoin are part of an exciting and lucrative new financial frontier. But for the country’s top market watchdog, Gary Gensler, they seem “like the [...]
Economy

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 [...]
Economy

Pain at the Pump: Biden Admits ‘I Don’t Have a Near-Term Answer’ for High Gas Prices

NYPost.com: President Biden admitted during a CNN town hall Thursday night that he has no immediate solution to the problem of spiking gas prices and suggested that Americans would not start seeing [...]
Inflation

What Another $3.5 Trillion Could Do to Inflation

Bloomberg.com: The Democrats’ outsized budget proposal has the potential to overheat a U.S. economy that is already struggling to keep up with record demand. With inflation at its highest level [...]
Corona Virus

Retail Sales Dip as Corona Virus Resurgence Snarls Spending

FoxBusiness: U.S. consumer spending slowed more than expected last month amid a resurgence in COVID-19 cases. Advertisements Advertisements Retail sales, a measure of spending at restaurants, stores and online, in July fell 1.1% to [...]
Business

Microsoft to Buy Activision in $68.7 Billion All-Cash Deal

CNBC.com: Microsoft will buy video game giant Activision Blizzard in a $68.7 billion all-cash deal.Activision makes popular game franchises such as Call of Duty.Activision has been mired in controversy in [...]