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Home Sellers Are Coming Out of the Woodwork: New Listings, Unsold Inventories & Supply Rise

Estimated Reading Time: 2 minutes

Sales edge up, after sagging for months, amid Crazy Spiking Prices Inventories of existing single-family houses, condos, and co-ops rose for the fourth month in a row. Sellers are coming out of the woodwork, and new listings have been rising for months, this being a perfect time to sell a home. Sales ticked up a […]

While the Fed Fiddles, the Dollar Burns: Dollar’s Purchasing Power Plunged at Fastest Pace since 1982

Estimated Reading Time: 2 minutes

Defying economists’ expectations for sixth month in a row, inflation heats up instead of easing off. And it’s a lot worse than it seems. The Consumer Price Index jumped 0.9% in June from May, after having jumped 0.6% in May, and 0.8% in April – all of them the steepest month-to-month jumps since 2009, according […]

Americans See the Raging Mania: “Bad Time to Buy a Home” & “Good Time to Sell a Home” Sentiments Spike to WTF Record

Estimated Reading Time: 2 minutes

If these sentiments become reality over time, it’s going to be a sea change for demand and supply at these crazy prices. So just briefly: This explains some of the dynamics we have seen in the housing market recently, with mortgage applications, sales of existing homes, and sales of new single-family houses dropping for months […]

A Glimpse at Hidden Stock Market Leverage of “Securities-Based Lending,” as Known Stock Market Leverage Spikes to WTF High

Estimated Reading Time: 2 minutes

We don’t know how much total leverage there is, but from the trends in margin debt, we know it’s huge and ballooning.   A big part of the leverage in the stock market is not tracked and no one knows what it is. Occasionally, a tidbit bubbles to the surface when something blows up, such […]

It Gets Ugly: Dollar’s Purchasing Power Plunged at Fastest Pace since 1982. It’s “Permanent” not “Temporary,” Won’t Bounce Back

Estimated Reading Time: 2 minutes

The Consumer Price Index jumped 0.6% in May, after having jumped 0.8% in April, and 0.6% in March – all three the steepest month-to-month jumps since 2009, according to the Bureau of Labor Statistics today. For the three months combined, CPI has jumped by 2.0%, or by an “annualized” pace of 8.1%. This current three-month pace of […]

The Weird Phenomenon of “Labor Shortages” as Millions of People Who Could Work Are Not Working

Estimated Reading Time: 2 minutes

A sign of how messed up the moving parts of the economy have become, amid massive excesses and distortions connected by malfunctioning gearing. In an interview a few days ago that aired locally, the owner of an Italian restaurant in San Francisco – the restaurant scene is now vibrant in a different way than before […]

Buyers’ Strike? Amid Crazy Spiking Prices, Home Sales Sag for 3rd Month, Pent-Up Sellers Get Ready, New Listings & Inventories Rise

Estimated Reading Time: < 1 minute

This is a world of unprecedented Fed intervention, government stimulus, inflation that has turned red-hot this year amid a weird phenomenon of companies complaining about a labor shortage, while nearly 10 million people are deemed “unemployed” and 16 million people are claiming some sort of unemployment insurance. As 2.1 million mortgages are still in forbearance […]

Consumers Expect Surging Inflation to Crush the Purchasing Power of their Labor: Fed’s Survey

Estimated Reading Time: < 1 minute

Consumers are picking up on the rise of inflation, and the Fed, which has been trying to heat up inflation, is pleased. The Fed watches “inflation expectations” carefully. The minutes from the March FOMC meeting mention “inflation expectations” 12 times. The New York Fed’s Survey of Consumer Expectations for April, released today, showed that median inflation expectations […]

Inflation Jumped by 3.8% in Q1, “Real GDP” Rose 1.6%, Dragged Down by Record Trade Deficit and Drop in Inventories

Estimated Reading Time: < 1 minute

Even the Fed’s repressed inflation measure without food and energy rose 2.3% annual rate in Q1. The US economy, as measured by inflation-adjusted GDP, grew by 1.6% in the first quarter from Q4 2020, according to the advance estimate of the Bureau of Economic Analysis this morning. If you read in the headline that it grew by […]

Stock Market Leverage in La-La Land, Rises to Historic WTF High

Estimated Reading Time: 2 minutes

Archegos shows how leverage is the great accelerator of stock prices on the way up, and on the way down. One of its bets, ViacomCBS, after skyrocketing, collapsed by 60%. Vast, unreported, and at the time unknown amounts of leverage blew up Archegos Capital Management, dishing out enormous losses to its investors, the banks that brokered […]