Simply Unaffordable? Or Is The Fed Killing-off Housing In Its Quest To Crush Inflation? (REAL Home Price Growth Is 12% YoY While REAL Wage Growth Is -3.95% YoY)

by confoundedinterest17 Housing in the US is simply unaffordable for the middle class and low-wage workers. Combine rising food costs and gasoline/heating costs, and we have an economic disaster on our hands. US existing home sales for June will be released on Wednesday. …

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Xi: crush bad digital economy

SHANGHAI (Reuters) — President Xi Jinping has called for improved regulation and governance of China’s digital economy to guard against its “unhealthy” development as Beijing aims to boost the sector’s contribution to the country’s growth.In an essay in the ruling …

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Walmart Will Crush Amazon

By Robert Ross Last week, Amazon announced that it would launch its own grocery chain. This is Amazon’s second big leap into groceries. In 2017, the company bought grocery chain Whole Foods for $13.7 billion. All of this prompted a …

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$VIX Crush

via northmantrader: Every week the village gathers and watches the regularly scheduled public crushing of Mr. $VIX. It doesn’t matter what happens in the world during the week, it doesn’t matter what economic reports may bring, or what earnings reports may …

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How the Corporate Debt Bubble Will Crush Stocks

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Corporate debt, after years of encouragement by the Fed via artificially low interest rates, has reached historic levels. Now even the Fed is worried about its handiwork. Many of these companies will default over the next …

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Is This Going to Crush Rents in Seattle?

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter A phenomenal onslaught of the wrong kind of supply. Crane-counters in the metropolitan area of Seattle have long had an exciting time as cranes keep popping up on new construction sites. Some are condo towers, others …

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