Buyers’ Strike Deepened in August Despite Lower Mortgage Rates. Listings Surge, Home Sellers Slowly Drop Prices
In August, “the housing market slowed considerably as both buyers and sellers patiently wait for a lower mortgage rate environment,” Realtor.com reported today, along with »
A Wall Street Regulator Is Understating Margin Debt by More than $4 Trillion – Because It’s Not Counting Giant Banks Making Margin Loans to Hedge Funds
Most market watchers rely on the monthly margin debt figures published by Wall Street’s self-regulator, FINRA, as the reliable gauge in determining how much of »
The Zimbabwe Currency Situation Has Gotten Worse!
JPMorgan top economist says the Fed should cut rates by a half point this month
The Federal Reserve should cut interest rates by 50 basis points at its September meeting, according to JPMorgan's Michael Feroli. "We think there& »