Highest Mortgage Rate In Two Decades As Mortgage Purchase And Refi Applications Dwindle Away

Highest Mortgage Rate In Two Decades As Mortgage Purchase And Refi Applications Dwindle Away

The US mortgage market is broken. By Tracy Alloway and Joe Weisenthal (Bloomberg) — To understand the highest mortgage...

US Pending Home Sales Collapsed In October, Weakest Since 2010

Following the declines in new- and existing-home sales, analysts (unsurprisingly) expected to see pending home...

Jamie Dimon Says “We are getting energy completely wrong” and He's Right

“We are getting energy completely wrong and it’s made the environment worse.” Eventually, we will...

Top Dems Urge Biden To Nationalize Oil & Gas Industry

Calls for Biden to socialize industry have moved quickly from fringe to mainstream…...

UMich Inflation Expectations Increase From September, 'Hope' Dips

After ECI and Core PCE signaled no end to The Fed’s nemesis, this morning’s UMich...

No More Recession? Not So Fast! SchiffGold Friday Gold Wrap Oct. 28, 2022

The third quarter GDP data came out this week and it looks like the recession...

Yen Weakens as BOJ Sticks With Ultra-Low Rates Policy Path

The Bank of Japan stood by its ultra-low interest rates amid fresh government support, pushing...

International Discord Undercuts Global Growth, Worsens Inflation

Many of the world’s biggest powers are now intent on undermining one another, with unsettling...

Euro Falls Sharply As ECB Vows To Keep Printing Money Until 2024

The euro tumbled below parity against the dollar on Thursday night after the European Central...

IMF Cuts Asia’s Economic Forecasts As China’s Slowdown Bites

The International Monetary Fund cut Asia’s economic forecasts on Friday as global monetary tightening, rising...

US Economy Shows Worst Is Yet to Come, With Cooling Just Starting

“It’s very unusual to see that indicator basically stall outside of a recession period —...

The Treasury Market Is The Fed's Next Crisis

The Fed’s next crisis is brewing. Unlike 2008, where “subprime mortgages” crippled banks, this time...

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