Podcast: Lessons from Dad
We’ve been lucky enough to spend a lot of time learning about life and business from great dads … Both our own and otherwise.
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cash flow
Newsfeed: New Home Sales Unexpectedly Rebounded In May As Prices Plunged
Following the disappointing tumble in existing home sales (to 2 year lows), analysts expect a modest drop in new home sales in May of just 0.2% MoM (after April’s 16.6% MoM plunge). Instead, new home sales spiked 10.7% MoM (from an updwardly revised -12% MoM print in April) – despite soaring mortgage rates…
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Newsfeed: 4 Million Americans Priced-Out As Home Rents Rise Significantly, Home Loan Qualifications ‘Skyrocket’
As costs of home ownership rise, millions of Americans have been pushed out of the housing market, according to Harvard University’s annual State of the Nation’s Housing Report released Wednesday.
Newsfeed: New Study Finds Hawaii, Oregon, Among Least Affordable States To Live In
Careers board Lensa produced a new study this week laying out the least and most affordable states to live in in the United States. The study looked at “the affordability gap in states around the US, comparing the cost of living to the average wage to reveal the percentage difference.”
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Newsfeed: What Is Stagflation And Why Has The Establishment Been In Denial About It?
Unless you were an adult living in the US through the crisis of the 1970s into the early 1980s, you probably have no memory or experience with the concept of stagflation. In general, most economic downturns involve deflationary pressures only …
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Newsfeed: China And Japan Cut US Treasury Holdings As Federal Reserve Hikes Rates
A strange narrative of “defeated inflation” is circulating in the mainstream in the wake of the Federal Reserve’s recent 75bps interest rate hike, but we’ve seen this kind of false optimism from the Fed and the media before.
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Newsfeed: Mortgage rates go flying with the highest jump since 1987 — and still housing prices may keep on rising
U.S. mortgage rates jumped more than half a percentage point this week, an increase not seen in decades and one sure to price even more Americans out of the housing market.
Newsfeed: Deflationary Tsunami On Deck: A “Tidal Wave” Of Discounts And Crashing Prices
Three weeks ago, we showed readers what happens when the infamous “Bullwhip effect” reversal takes place by presenting the unprecedented surge in the “Inventory to Sales” ratio for a broad range of US retailers covering the furniture, home furnishings and appliances, building materials and garden equipment, and a category known as “other general merchandise,” which includes Walmart and Target. Since then, this ratio has only gotten even more extended, and as shown below it is now at the highest level since the bursting of the dot com bubble!
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Newsfeed: Housing Crash Imminent: As Mortgage Rates Explode Price Cuts Soar And Buyer Demand Collapses
A little over a month ago, when mortgage rates were still “only” 5% we shared several devastating anecdotes from real estate agents and industry execs who validated our worst fears: US housing was imploding… fast, with subsequent observations only confirming this dire conclusion about the state of the most popular asset class among the US middle class.
Newsfeed: May Housing Starts: All-Time Record Housing Units Under Construction
Privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000. This is 14.4 percent below the revised April estimate of 1,810,000 and is 3.5 percent below the May 2021 rate of 1,605,000. Single‐family housing starts in May were at a rate of 1,051,000; this is 9.2 percent below the revised April figure of 1,157,000. The May rate for units in buildings with five units or more was 469,000.
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