Jobless Claims Data Hovers Near 18-Month High, Ignores Soaring Layoffs

Jobless Claims Data Hovers Near 18-Month High, Ignores Soaring Layoffs

Continuing claims remain below the 1.8mm Maginot Line (1.795mm). With the farce in MA now...

Elon Musk On a Meltdown in Home Prices and Commercial Real Estate This Week: A Property Disaster

Elon Musk sounded the alarm on US house prices and commercial-property values this week. The...

Mortgage Rates Re-Spike to 7% Range as it Sinks in that the Fed Won’t Cut Rates “Anytime Soon”

Spring selling season was a dud. But what comes next may be worse, that’s what...

Auto Loan Delinquencies for Young Americans at Highest Level Since 2009

More than of borrowers under 30 transitioned into serious delinquency last quarter – the highest...

Total Credit Card Debt in the US Has Officially Crossed $1 Trillion for the First Time in History

This comes as average interest rates on credit card debt have hit a record high...

Social Security and Medicare Are Ticking Time Bombs

Some claim raising taxes on rich people would solve the deficit, but it won’t. There...

New Supreme Court Ruling Allows the IRS to Access Your Bank Records Secretly

“It is now completely legal for the IRS to secretly obtain the bank records of...

The Bankruptcy of the US Government

Everyone knows that the US government is bankrupt and has been for many years. In...

Global Markets Gain on U.S. Debt Bill Passage, Fed Pause Talk

Global shares rose on Thursday as traders pared back expectations of a U.S. rate hike...

Fed’s Jefferson and Harker Suggest Central Bank Will Pause in June

Federal Reserve Governor Philip Jefferson and Philadelphia Federal Reserve President Patrick Harker suggested Wednesday that...

ECB Warns BOJ Policy Change Could Test Global Bond Markets

(Bloomberg) — A rare European Central Bank warning about the bond market risk of a...

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