Money
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QE Giveth, QT Taketh Away: German Home Prices vs. ECB Balance Sheet
The QT show started less than a year ago. German home prices -11%, ECB assets -19%.
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Treasury Market Gets Memo with Subject Line: “Higher for Longer” but Someone Scribbled next to it, “Maybe Forever?”
“Neutral rate” creeping higher? Oh dearie! Bloodbath at the long end.
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Almost Half Of All Young Adults In The United States Are Living With Their Parents
When are we going to wake up and admit that our system is failing? If close to half of our…
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Demand for Existing Homes Falters Further. Price Reductions, Days on Market, New Listings Rise. Prices Languish below 2022 Peak
New listings rose in August, when they normally fall in August, an interesting break in the seasonal pattern.
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“Carefully,” Dude: Powell at the Press Conference
Our drunken sailors “hate inflation, hate it,” and are in a foul mood, but are in good shape and keep…
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This Is The Worst Global Food Crisis In Modern History, And It Is About To Go To An Entirely New Level
Hundreds of millions of people are desperately hungry all over the world, and by the time you are done reading…
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In Very “Hawkish Hold,” Fed Keeps Rates at 5.50% Top of Range, Sees One More Hike in 2023, Only Two Rate Cuts in 2024, to 5.25%. QT Continues
The shocker was the infamous “dot plot”: Higher for even longer, ending the year 2024 at 5.25%.
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Sign of Tight Labor Market, Strength of Ecommerce: Amazon to Hire 250,000 for Holidays, up from 150,000 Last Year, Boost Wages, Offer Sign-on Bonuses
While fewer and fewer Americans head to the malls.
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They Are Openly Admitting That We Are On The Brink Of “The Final War”
Most Americans have absolutely no idea how close we are to the unthinkable. Even though leaders all over the globe…
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Worst “Rent” Inflation since 1983 & Red-Hot Homeownership CPI Fuel Canada’s CPI Surge. Bank of Canada in a Pickle of its Own Making
Inflation dished up another nasty surprise. Other costs jumped too. Gasoline didn’t help. This was a broad-based mess.
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