Threat level midnight! The Bipartisan Budget Act of2015 suspended the statutory debt limit through Wednesday, March 15, 2017. Beginning on Thursday, March 16, 2017, the outstanding debt of the United States will be at the statutory limit.
The January jobs report is out and it showed little change since the December report. That is, relatively low unemployment and abysmal wage growth.
Here is a chart of US bank failures from 2000-2017.
Rumpelstiltskin alert! Yellen is slowing down the production of gold from straw! (Bloomberg) U.S. mortgage rates rose, sending costs for 30-year home loans to their highest level this year before the Federal Reserve meets to consider an increase in its benchmark interest rate.
Yes, it is 2017 and the burst of the housing bubble began in Q4 2007, over 10 years ago. Yet, flipping of homes has been largely concentrated in those cities where the housing bubble created the most damage. According to Trulia, Las Vegas is the leader with 10.5% of home sales going to “flippers.” Followed […]
Oh Snap! SNAP has just sunk to $21.19. It started trading at $23.50 last week and is now below the start of trading.
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2017 is now +1.3 percent
J.C. Penney announced Friday that it would close up to 140 stores in the next couple months.
Sink the Deutsche Bank by Johnny Horton:
Several companies have produced single-family detached homes for around $10,000 and can be built in 24 hours.