, At 11-year High (Memphis, Las Vegas, Phoenix In Top Five, Washington DC Averaged $304K Gross Profit on Flipped Homes). House flipping was common at the peak of the housing bubble in the last decade.
Following today's retail sales numbers, the GDPNow forecast fell to 1.9% with real final sales at 1.1%
"Even if Congress lets the new tax and spending policies expire as scheduled, interest costs could climb to $965 billion by 2028."
Join Mike Maloney & Stefan Molyneux as they explore the unintended consequences that await us due to the immoral acts perpetrated by government & the Federal Reserve system.
Eric Sprott says that gold will jump again once the Fed raises rates next week. Here's why...
"At the start of February, the Atlanta Fed's Q1 GDP expectation was an exuberant 5.4%. As of March 14, their outlook had collapsed to just 1.9%."
Amid two months of dismal housing sales data, and after spiking in January, starts and permits just plunged in February, driven by a collapse in multi-family unit data.
That is the best YoY reading since 2011. Capacity utilization rose to 78.1% in February, the highest since January 2015. Deregulate, deregulate, don't dance to their music!
Machinery, equipment saw the largest monthly increase in almost ten years.
"...there are many arguments for both being bullish and bearish...our forecast is skewed to the upside in terms of the fundamentals..." Here's more...
The power of society-wide financial delusion is strong, and we have learned no lessons from its pre-2008 incarnation.
Unsecured debt has climbed to highest level since 2008
"Italy’s two largest lenders, Unicredit and Intesa Sanpaolo, have exposure to Italian government bonds that represent the equivalent of 145% of their tier 1 capital."
The ECB says it expects rates to stay at current record-low levels until “well past” the end of asset purchases.
As the curve flattens further.
"For most retailers except a handful of very prominent online names, the situation is not only not improving, but it's never been worse."
Mr. Kuroda has repeatedly said the BOJ won’t change its easy-money policy unless inflation gets to 2%. The central bank has time and again had to delay when it thinks such price growth will occur.
"Economic warfare can in some cases be just as devastating as nuclear warfare. It can wipe out entire populations, give rise to tyrants and enslave the minds of individuals through the weaponization of resource scarcity."
The previous high was last August due to North Korean tensions.
The Treasury International Capital (TIC) flows for January are out today. As we suspected, foreign central banks have been net sellers over the past few months. Looking at both private and offic…