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What’s The Outlook For The Housing Market?
(Photo by David McNew/Getty Images) Getty Images Key Takeaways Housing sales have fallen for the ninth consecutive month, with transactions down 28.4% compared to this time last year. Average prices have also come down, hitting $379,100 compared to $413,800 in June. It comes as mortgage rates continue to rise rapidly, hovering around 7% from below […] More
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US Existing Home Sales In October Plunge -28.43% YoY As Fed Tightens Monetary Noose (EHS Median Price Growth YoY Slows To 6.6% As Inventory Declines)
by confoundedinterest17 As I mentioned on Varney and Company on Fox Business, housing is going to suffer when The Fed starts to tighten their monetary policy. And here we are, folks! US existing home sales fell a staggering -28.43% YoY in October as M2 Money growth grinds to almost a halt. The median price of existing […] More
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The Thrill Is Gone … From Cryptos? Bitcoin Resumes Downward Trend As Fed Tightens To Fight Inflation – Investment Watch
by confoundedinterest17 The Thrill Is Gone … from cryptocurrencies. The cryptocurrency market is getting hammered thanks mostly to two things: 1) Sam Bankman-Fried’s horrid failure with FTX (fraud, Enron, front-running, stupid investors, Democrat-Ukraine connection) and 2) Fed tightening to combat high inflation. Bitcoin, the Mac Daddy of cryptos, is down another 2% today. The rest of the […] More
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Are Cryptos Like Bitcoin A By-Product Of Horribly Loose Monetary Policcie By The Fed? (Or Did Sam Blankmind-Fried Look At This Chart?)
by confoundedinterest17 We know that Federal Reserve monetary policy, with the exception of Paul Volcker, has been incredibly loose helping to produce asset bubbles. Particularly under Bernanke, Yellen and Powell. But cryptos like Bitcoin saw an amazing run-up in price, once in 2017 which came to a halt as The Fed raised their target rate and […] More
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US Mortgage Demand Crashes As Fed Tightens (Taylor Rule Estimate Now 13.85% Versus 4.00% Current Target Rate) – Investment Watch
by confoundedinterest17 The October Senior Loan Officer Opinion Survey on Bank Lending Practices came out yesterday and its a doozy. The Net Percentage of Domestic Banks Reporting Stronger Demand for Mortgage Loans is sinking faster than Joe Biden’s oratory skills as The Fed tightens their monetary belts. Jumbo mortgages, those that are greater than FHFA’s conforming loan limit, are tanking as […] More
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Fed Is NOT Unwinding MBS, 30yr Mortgage Rate Falls To Under 7% (Will The Fed ACTUALLY Unwind Its Balance Sheet??) – Investment Watch
by confoundedinterest17 Now that the midterm elections are over (except for counting of million of mail-in ballots, a massive moral hazard risk), President Biden has proclaimed that he isn’t changing any of his horrid policies. And apparently, neither is The Federal Reserve. Despite the headlines that The Federal Reserve is rapidly downsizing its massive balance sheet […] More
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Markets Soar As Inflation Hits Lowest Level Since January
Key Takeaways Inflation has increased 0.4% in October, below forecasts of 0.6%. This brings the annual rate down to 7.7%, the lowest level seen since January this year. It’s hoped that this will mean the Fed is able to implement their plan of slower rate hikes, which would take some of the immediate pressure off […] More
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Fed Pivot FOMO and Financial Instability – Investment Watch
Guest post by Paul Wong from Sprott Inc.: The tough year continued in October for many asset classes, including precious metals. In our universe, however, uranium and other energy transition metals have been a welcome exception to the market carnage; for example, our spot uranium oxide proprietary composite7 is up 24.12% YTD. By contrast, gold is […] More
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The Fed Didn’t Pivot… And It Won’t For Months, Part 1 – Investment Watch
By Graham Summers, MBA So much for the Fed pivot! Ever since the Fed began tightening monetary policy in March of 2022, numerous pundits, social media personalities, and financial media types have been pushing the notion that the Fed will “pivot” or stop tightening monetary policy soon which will ignite a new bull market in […] More
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How Biden And The Fed Defanged The FANG Index And Clobbered Growth And Real Estate ETFs (Cousin Eddie And Clark Griswold Strike Again!)
by confoundedinterest17 There is no doubt that Biden is the Cousin Eddie of politics with his gifts that keep on giving. Like rampant inflation, soaring food, gasoline and diesel prices, and Pelosi/Schumer’s helping hand in creating price controls that will kill potential cures for illnesses. In addition to rampant 40-year highs in inflation, we have the Clark Griswold of […] More
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