Mortgage applications turned lower this week after a counter trend move in most of October and November. The data shows no sign of a reversal…
Here’s what Bloomberg had to say about this morning’s reported jump in pending home sales (signed sales agreements). Pending sales of U.S. existing houses unexpectedly…
A hidden catastrophe is unfolding in the US housing market. Mainstream media outlets are not telling the story because they are focused on misleading data…
Purchase mortgage applications dropped to near record lows last week as government programs to suppress mortgage rates first failed to stimulate demand, and now seem…
Previously was discussed that Chinese economy depends mostly on real estate and infrastructure development for its 10% GDP growth, while the export cannot growth that fast. The real estate shows all signs of a major bubble, however more research is nee…
In the previous part I discussed the balance sheet of the People Bank of China. Relative to GDP, PBC book is about 4x times bigger than Federal Reserve, with most of the assets in dollars and most of the liabilities in Yuan. In Spring 2010 one of the B…
US 10yr Notes have had a tough few days with yields rising some 15bp. If a few days yield rise of 15bp can be described…
Two key economic reports out today require closer scrutiny. Their positive readings may not be all that they appear to be on the surface. Both…
Ask the average guy on the street if we need another world war and he might respond with, “We need another world war like I…
The NAR should report a temporary uptick in closed sales for October as contracts were up in August, but contracts plunged sharply in September to…
