Redfin Fires 13% Of Staff, Exits House Flipping As Downturn Accelerates

Redfin Fires 13% Of Staff, Exits House Flipping As Downturn Accelerates

House prices are sliding, and sales are plunging as the Federal Reserve hits the pause...

Fed May Need To Hike Interest Rates Above 6% To Crush Inflation, Larry Summers Says

Stubbornly high inflation could force the Federal Reserve to aggressively raise interest rates above 6%,...

Yields Surge After Disastrous 10Y Auction, Biggest Tail In Over 6 Years

After yesterday’s average $40bn 3Y Treasury sale, there wasn’t much angst ahead of today’s refunding...

Crypto Market Liquidations Reach $830 Million, When Will It Stop Bleeding?

In the space of 24 hours, there have been more than $830 million in liquidations...

US Mortgage Rates At 7.32%, Up 154% Under Biden (As Fed Fights Soaring Bidenflation)

Biden’s magic trick was to turn the economy into a train wreck. Example? The 30-year...

Banks Tightening Lending Standards As M2 Money Collapses

The midterm elections are now over, so let’s go back and look at economic news,...

The End of World Dollar Hegemony: Turning the USA into Weimar Germany

In a recent essay, I explained how over time the US abused its responsibility to...

Regardless of Who's Elected, Imperial Corruption Rules the Nation

While the much-touted differences between America’s political parties get obsessive, hysterical attention, the sameness of...

Gold Near One-Month Peak With Focus on U.S. Inflation Data

Spot gold was flat at $1,712.09 per ounce at 10:33 a.m. EST (1533 GMT). U.S....

Why Central Banks Are Hoarding Gold at Record Rates, What’s Behind the Massive Purchases: WGC Chair

“Central banks around the world are nervous,” about the U.S. dollars they have in central...

US midterms set to favour gold

As Americans await the results of the US midterm elections we look at what a...

Fed’s Williams Flags Relative Stability of Longer Run Inflation Expectations

Federal Reserve Bank of New York President John Williams cited the relative stability of longer-run...

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