Helping You Survive and Prosper in the Greater Depression
The U.S. housing recession is deepening. The National Association of Home Builders (NAHB) published the Housing Market Index data for December. The number? Thirty one, down from 33 in November. The market consensus was 34. This represented … [Continue reading] about U.S. housing market recession deepens as NAHB index falls to lowest since 2012
It was good while it lasted? Twitter CEO Elon Musk might be stepping down. According to a new Twitter poll the "Chief Twit" posted, Musk asked: "Should I step down as head of Twitter? I will abide by the results of this poll." The final … [Continue reading] about Will Elon Musk step down as CEO of Twitter?
The Federal Reserve raised interest rates by an expected 50 basis points to a 15-year high of about four percent. The Federal Open Market Committee (FOMC) also published the latest dot-plot, which does not suggest inflation will rise any higher or … [Continue reading] about WATCH: Jerome Powell’s post-FOMC press conference
Is another recession coming? If you are going by the premier recession indicator -- the yield curve -- then it is almost certain at this point. The spread between the two- and ten-year yields is the highest it has been since the 1980s, coming … [Continue reading] about Recession Alert: U.S. 2-year/10-year yield spread the most inverted since 1981
Is a currency crisis upon us? The U.S. money supply has exploded since the COVID-19 public health crisis, with the Federal Reserve creating 40 percent of all dollars ever created in just two years. Put simply, the Eccles Building added … [Continue reading] about Peter Schiff: Currency crisis will exacerbate inflation crisis