This clock reports an estimate of current student loan debt outstanding, including both federal and private student loans. Total student loan debt outstanding exceeded total…
The 1st Q reserve numbers for the Swiss National Bank tell an interesting story. For a second quarter in a row, the foreign reserves have declined.
There is only one way that this could have happened; the SNB offloaded a portion of the EURCHF posit…
The fact that this writer is still relying on the Case Chiller shows that he’s a bit clueless, but I found it interesting that prices…
A sound system of credit is built on collateral. A doomed system of debt sits precariously on phantom collateral.
The global “recovery” is based not on reducing debt but on increasing it. Nice, but where’s the collateral? The basic idea of de…
Taxes and Employment By BRUCE BARTLETT Bruce Bartlett held senior policy roles in the Reagan and George H.W. Bush administrations and served on the staffs…
This is a short excerpt from this week’s Professional Edition Fed Report to be posted Tuesday. The ICI reports mutual fund inflows weekly with a…
I have long made the argument that shadow inventory is a bogeyman which, like shadow boxing, won’t hurt anyone, or at least won’t hurt the…
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Reposted with the kind permission of James Howard Kunstler A few weeks ago I flew to Chicago, hopped into a rent-a-car, and navigated my way…
U.S. homeownership rate drops to 15-year low in Q1
Reuters – 44 minutes ago.. .
WASHINGTON (Reuters) – The share of privately owned U.S. homes fell to a 15-year low in the first quarter, government data showed on Monday, suggesting that falling hous…