The twin crashes in US commercial real estate and the US bond market have collided with $9 trillion uninsured deposits in the American banking system. Such deposits can vanish in an afternoon in the cyber age.
A composite measure of DM banks’ lending standards shows they are the tightest since 2009. Tighter credit conditions will be an impediment to central banks’ preference to keep rates “higher for longer.”
Newsfeed: Global Bank Lending Standards Tighten To GFC Levels Read More »
As an investor today, there are plenty of reasons to be concerned … One of which is the instability of the banking system. In this enlightening episode, we welcome back our good friend Rick Rule, a highly experienced investor and speculator who is in the process of opening a new bank designed to revolutionize banking.
Podcast: Capitalism Fights Back Read More »
Illinois, New York and California continued their streak as the nation’s biggest losers of residents and their wealth to other states, according to a Wirepoints analysis of newly-released Internal Revenue Service migration data.
America’s middle class has been shrinking for the past 50 years. While middle class Americans remain the biggest income group by number of people, the same can’t be said of the aggregate income earned by them.
Newsfeed: How America’s Middle Class Is Shrinking Read More »
Weakness in existing home sales was swamped by surprising strength in new home sales (largely skewed by dramatic incentives from builders) and today Pending home sales breaks the tie (expected to show a small 0.8% MoM rise in sales). Instead, pending home sales tumbled 5.2% MoM, dragging the YoY sales down 23.26%…
Newsfeed: US Pending Home Sales Plunged In March As Rates Rebounded Read More »
Professional investors see the dollar sliding even further from last year’s two-decade highs, as the market has underpriced the Federal Reserve’s oncoming easing cycle.
Newsfeed: Four Reasons Why Investors Expect US Dollar to Keep Sliding Read More »
In the words of Ben Franklin, “In this world, nothing is certain except death and taxes …” But tax time doesn’t have to be as unnerving as the former. Armed with the knowledge that taxation is one of the most powerful tools for wealth creation, our guest today helps investors take advantage of the tax code … Keeping millions of dollars per year in their pockets and out of the hands of Uncle Sam.
Podcast: Using Tax Strategies to Not Just Save, but Make Money Read More »
If you’re looking to buy a home, be aware that mortgages will change next month. Starting May 1, upfront fees for loans backed by Fannie Mae and Freddie Mac will be adjusted because of changes in the Loan Level Price Adjustments (LLPAs), the fees that vary from borrower to borrower based on their credit scores, down payments, types of home and more. The changes relate to credit scores and downpayment sizes.
The commercial real estate market is showing signs of weakening, demonstrated by the pressures being felt by two of the market’s largest players amid higher rates and tighter financial conditions.