by Lance Roberts | Jan 13, 2023 | alerts, Markets/Economy, Real Investment Advice
Home prices have started to correct as interest rates rose sharply in 2022. However, the real problem for home prices is still coming in 2023 as the standoff between sellers and buyers comes to a head. However, before we get there, let’s review how we got here. Since...
by Lance Roberts | Jan 10, 2023 | alerts, Markets/Economy, Real Investment Advice
The lag effect of monetary policy changes will surprise the Fed as the fiscal “pig” of stimulus begins to exit the economic “python.” For those unfamiliar with the term “pig in a python,” it refers to when a python consumes its prey. It does so by swallowing it whole,...
by Bloomberg.com | Jan 9, 2023 | alerts, Markets/Economy
US consumer borrowing climbed in November by more than forecast as credit-card balances increased by the most in three months. Total credit rose $28 billion from the prior month, Federal Reserve figures showed Monday. The median forecast in a Bloomberg survey of...
by John Mauldin | Jan 6, 2023 | alerts, Markets/Economy, Mauldin Economics
“Every new beginning comes from some other beginning’s end.” — Seneca, the Elder “Democracy is the theory that the common people know what they want and deserve to get it good and hard.” — H.L. Mencken Welcome to 2023. It’s Forecast Season on Wall Street, the time...
by Lance Roberts | Jan 6, 2023 | alerts, Markets/Economy, Real Investment Advice
Just recently, James Bullard, President of the St. Louis Federal Reserve, suggested the central bank might need to employ the “7% solution” to ensure the complete destruction of inflation. As we have discussed previously, the fear is repeating the policy errors of the...
by Bloomberg.com | Jan 5, 2023 | alerts, Markets/Economy
Census data shows that households are struggling to cover bills as pandemic savings run out. The number of Americans relying on credit cards to cover daily expenses jumped in December as households battered by inflation find their regular income is no longer enough to...
