by Michael E Dehn | Sep 19, 2023 | Banking and Finance, Breaking News
Auto suppliers say if UAW strikes expand to more plants, it could mean the end for many (msn.com)
by Michael E Dehn | Sep 19, 2023 | Banking and Finance, Breaking News, Chicago centric content
Highest vacancy rates in 75(!) years. I'm afraid everything written here will fall on deaf ears. The only thing Brandon Johnson's cutely titled plan "Bring Chicago Home" will bring is vacancies, disinvestment and hardship for working...
by Michael E Dehn | Sep 18, 2023 | Banking and Finance, Latest News
BREAKING: For the first time in history, total US Federal debt crosses $33 trillion. Since the debt ceiling “crisis” the US has added $1 trillion in debt PER MONTH. Over the last 5 years, the US has added a total of $11.5 trillion in debt. At the same time, we are on...
by Michael E Dehn | Sep 18, 2023 | Banking and Finance, International insights
Three of Canada's largest banks are seeing ~20% of their outstanding mortgages in negative amortization. What does this mean? Monthly payments on ~20% of mortgages at BMO, TD, and CIBC are no longer enough to cover interest expense. This means you end up owing...
by Michael E Dehn | Sep 18, 2023 | Banking and Finance, Breaking News
Currently, just 3.3% of mortgages in the US are delinquent. But how, mortgage rates are at a 20-year high? The answer to this question is that 90% of borrowers have rates below 5%. This is why we are NOT in a 2008-style housing bubble. It will take external factors...
by Michael E Dehn | Sep 18, 2023 | Banking and Finance, Breaking News
Professors Point to JPMorgan Chase as Poster Boy of a Financial System Dependent on Corruption to Sustain...
