A Housing Crisis Is Brewing Because 4.3 Million People Can’t Pay Their Mortgages

Over 4 million individuals have not been able to pay their mortgage payments for 30 days or more. The housing market may see additional selling pressure as pressure on homeowners mount. Renters have also been unable to afford payments, putting additional risks on leasers. A staggering 4.3 million people have been unable to make their […]

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Mortgage Rates Are Crashing – But That Won’t Save the Housing Market

Mortgage rates just set a new record low. The Fed’s decision to keep rates near zero for a long time will keep mortgage rates at low levels. Low rates won’t be enough to stop a housing market crisis. After last week’s surprisingly good jobs report drove bond yields higher, it looked like mortgage rates had […]

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The Stock Market Is Looking Bullish – So Why Don’t Americans Agree?

Expectations of higher stock prices fell in May, according to the Fed’s consumer expectations survey. Consumers see a mean probability of less than 50% that stock prices will be higher a year from now. Consumer sentiment about the stock market is dipping as analyst sentiment grows stronger. When the U.S. stock market started to rebound […]

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Profit-Taking Keeps Bitcoin in Tight Range as Fed Reopens Spigot

Bitcoin and ether fell slightly Thursday as traditional markets climbed on additional stimulus measures by the U.S. Federal Reserve and Bank of England.  Over the past 24 hours, bitcoin (BTC) was down 1 percent Thursday afternoon New York time and ether (ETH) was down 1.2 percent.  Notable gainers on CoinDesk’s big board include dash (DASH) […]

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We Blew a $4.2 Trillion Debt Bubble – Then 10 Million of Us Lost Our Jobs

The latest Federal Reserve consumer credit report released on Tuesday. It shows record levels of outstanding credit in February: $4.2 trillion. With unemployment rocketing, another financial crisis is around the corner. Total outstanding U.S. consumer credit stood at nearly $4.2 trillion in February. According to the latest consumer credit report from the Federal Reserve, seasonally […]

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Alarming Message in Rare Fed Chair Interview

Fed Chair Jerome Powell did a rare interview on “Today.” While his appearance was alarming in itself, the Federal Reserve Chair’s conflicting messages sent a worrisome signal about the economy. If there’s “nothing fundamentally wrong with our economy,” why is the Fed pumping $4 trillion into it in one fell swoop? Fed Chair Jerome Powell […]

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Fed Stands Ready to Replace Infected Greenbacks With Clean Bills

The Federal Reserve is ready to flood the U.S. with coronavirus-free banknotes – but doesn’t anticipate that happening just yet, according to a spokesman for the central bank’s Philadelphia branch. For now, the Fed does not think that “cash destruction” will be necessary to stymie the spread of the novel coronavirus. COVID-19 has quickly overtaken […]

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