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The CDC Extending the Federal Eviction Moratorium Is Expected To Help About 90% of RentersAug 4, 2021 - 05:08:05 PDT
After pressure from House Democrats and housing advocates, President Joe Biden announced Tuesday that the federal eviction ban will be extended.
Access to cheap manufacturing in China is becoming a disadvantage for some Chinese businesses selling overseas due to the pandemic and trade tensions.
Security Concerns Over Chip Shortage Are Pushing Governments To Act, Moody’s SaysAug 4, 2021 - 05:01:28 PDT
Semiconductor chips are ubiquitous — without them, a lot of products from smartphones to cars to household appliances won't be able to work.
ADP’s July employment change data, which shows the number of private payrolls added in the U.S. each month, is due to be released at 8:45 a.m. ET. This comes ahead of weekly jobless claims data due out on Thursday and the highly anticipated July nonfarm payroll report, set to be released on Friday.
Gold prices edged lower on Tuesday, as traders stayed on the sidelines in advance of U.S. jobs data due later this week that could influence the timeline of when the Federal Reserve cuts back on its asset purchase program.
In today’s video update, Mike Maloney and Adam Taggart explore what is happening with Real Estate. In particular, they pay close attention to the increasing percentage of homes being bought up by hedge funds. With half of all US home sellers indicating that they intend to rent rather than buy again, and the moratorium on evictions about to be lifted, where could this be headed?
Bullard, who five years ago said he viewed the United States as mired in an epoch of low growth, low productivity and low inflation, said he is beginning to think a new "regime" may have arrived where the Fed will have to cope with faster change and more frequent shocks.
With growth so uncertain, it is understandable that central banks would be wary of beginning to taper monthly bond purchases before it is clear that inflation has taken off. But they would do well to recognize that prolonging quantitative easing implies significant risks, too.
Inflation means a dollar today is worth less tomorrow. So, I worry about inflation, a phenomenon that impacts people with less money harder than people with more money. People’s earnings are also important, especially since a wage is also a price. Wages often don’t keep up with inflation or lag behind increases in consumer prices.
Wall Street Is Buying Up Family Homes. The Rent Checks Are Too Juicy To IgnoreAug 3, 2021 - 12:36:13 PDT
Pension funds, investment firms and Wall Street banks are snapping up family homes in Europe and the United States at a rapid pace as prices rocket higher, looking for alternatives to lockdown-hit office parks and shopping malls, and betting that a permanent increase in remote working following the coronavirus pandemic will keep demand for suburban houses elevated.
New York State has spent $0 of its allotment of Federal funds to halt evictions.
Mandates Will Be Necessary To Convince 93 Million Americans To Accept The VaccineAug 3, 2021 - 12:24:23 PDT
Dr. Fauci said last Aug. 13 that when you have fewer than 10 cases per 100,000, “you should be able to open up safely and clearly.” The U.S. reached that point in mid-May. It’s time to stop the fear mongering and level with the public about the incredible capabilities of both modern medical research and the human body’s immune system.
Expiring unemployment benefits and the Delta variant add uncertainty to a recovery that has brought strong growth but an unusual labor market.
The Senate's $1 trillion legislation would permanently claw back funds Congress offered to businesses hard-hit by the Covid pandemic.
"Joe Biden and the Congressional Democrats and Republicans consider it their political business to impose infrastructure spending and construction on the rest of us. So, not surprisingly, a bipartisan infrastructure bill is working its way through Congress with just...
Fed Chair Jerome Powell inadvertently let slip the Fed's true mandate.
Year-over-year PCE is up 4.0%. That's the Fed's preferred measure of inflation.
Aug 3, 2021 - 10:57:48 PDT
You might as well face it, we’re addicted to gov. Or at least perpetual Federal Reserve intervention. Financial Times has a great graphic showing that Wall Street sell-side analysts are as bu…
Aug 3, 2021 - 10:55:10 PDT
Things have not been the same since the Covid outbreak in early 2020. And that includes mortgage refinancing. As The Fed poured on the gas to the economy, mortgage rates (that were already declinin…
Just 22% give the economy positive marks now and are optimistic.