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Us Debt Explosion Funded by Americans, Not Foreign Countries, Posing Risks to Economic GrowthDec 7, 2022 - 08:16:42 PST
US treasury holdings by China and Japan have been falling.
Spiralling debt in low and middle-income countries has compromised their chances of sustainable development, the head of UN trade facilitation agency UNCTAD has warned.
As the cost-of-living crisis continues, many are finding themselves to be struggling financially.
This has been a year of watershed moments in real estate, and not the good kind.
The Housing Market Index, a closely watched industry metric that gauges the outlook for home sales, declined to 33 in November on a hundred-point scale, its lowest level in a decade, save for the first dystopian month of the pandemic. Anything under 50 spells trouble.
Dec 7, 2022 - 07:55:42 PST
The US mortgage market is like Mussgorsky’s Pictures at an Exhibition. Where are the paintings are bad. US mortgage rates fell for a fourth week in a row, the longest such stretch of declines…
The senator is crafting legislation that would go beyond just trying to prevent the next FTX.
Rise of the Bots: ‘Scary’ AI ChatGPT Could Eliminate Google Within 2 YearsDec 7, 2022 - 07:43:28 PST
It’s the little engine that could … bring down Google and perhaps the human race. A tech company has developed a state-of-the-art AI chatbot so sophisticated that it could render search engines — not to mention countless jobs — obsolete.
Russian President Vladimir Putin warned on Wednesday that the threat of a nuclear war is "growing." Putin stressed that Moscow has not deployed nuclear arms in other countries, unlike the United States. Claiming his country has the "most advanced weapons," the Russian leader insisted he does not want to "wave them around."
Dec 7, 2022 - 07:21:10 PST
Congressional sources tell The Dossier that there is a strong enough appetite in Congress, given the unanimously pro-war Democratic voting bloc, and the significant amount of Republicans who support the perpetual funding of the Zelensky government in Ukraine, to pass a bill by the end of next week that will deliver tens of billions of dollars into Kiev’s coffers.
On Tuesday the US State Department approved potential sale of M1A1 Abrams tanks along with associated ordinance and equipment for an estimated $3.75 billion, the US Department of Defense has announced.
f the sophomores advising President Joe Biden refuse to acknowledge that Russia has escalation dominance in Ukraine, the likelihood of wider war in the coming months looms large. And despite recent optimistic projections by top intelligence officials, Ukraine and NATO are far more likely to run out of ammunition before Russia does.
If there is one point on which there should be no disagreement, it is this: for anyone to advocate terminating or suspending the Constitution is tantamount to a declaration of war against the founding principles of our representative government and the rule of law.
Federal Reserve Unveils Climate Risk Proposal For Big Banks For Public CommentDec 7, 2022 - 07:14:58 PST
“The effects of climate change present serious and complicated risks to our banking system, and this type of coordination between the banking agencies is critical to addressing those risks,” he said in a statement.
The additions bring China's reported holdings at the end of November to 1,980 tonnes, worth around $112 billion. China has the world's sixth-largest official national gold reserves after countries including Russia, Germany and the United States, which is the...
The yield curve is extremely inverted as there is a rush to buy long-term bonds on increased recession worries.
Thomas Barkin, Richmond Federal Reserve President, was poring over the latest inflation-related data one morning this June after breakfast with bank interns when he saw an alarming sign. Barkin said the data, which triggered a U.S. bond market sell-off, prompted him in a call with Federal Reserve chairman Jerome Powell to give his support for a bigger...
20 Million American Households Are Behind an Average of $788 on Their Utility BillsDec 7, 2022 - 05:54:50 PST
‘I expect a tsunami of shutoffs’: Inflation keeps hitting hard.
Among the 450,000 underwater borrowers in the third quarter, nearly 60% had mortgages originated in the first nine months of 2022.
China’s Trade Suffers Worst Slump in 2-1/2 Years as COVID Woes, Feeble Demand Take TollDec 7, 2022 - 05:49:59 PST
China's exports and imports shrank at their steepest pace in at least 2-1/2 years in November, as feeble global and domestic demand, COVID-led production disruptions and a property slump at home piled pressure on the world's second-biggest economy.
UK house prices fell at the sharpest pace in 14 years in November after surging interest rates reduced the affordability of properties, Halifax said.