by Michael E Dehn | Oct 1, 2023 | Banking and Finance, Breaking News, consumer spending and sentiment
Since the Fed started raising rates, a record $870 billion of deposits have left US banks. This is by far the biggest deposit flight in US history and it’s not even close. That’s nearly $73 billion PER MONTH or $2.5 billion PER DAY. Needless to say, why keep your...
by Michael E Dehn | Oct 1, 2023 | Breaking News, consumer spending and sentiment, General interest, Latest News, Media
Key Events This Week: 1. Fed Chair Powell Speaks – Monday 2. ISM Manufacturing Data – Monday 3. JOLTS Jobs data – Tuesday 4. OPEC Meeting – Wednesday 5. September Jobs Report – Friday 6. Total of 13 Fed speaker events Big week with the...
by Michael E Dehn | Oct 1, 2023 | consumer spending and sentiment
We are stunned at the shelf space surrendered to the sugar infused processed crap. Prudent purchases of certain frozen organic fruits and vegetables, the Kirkland Greek yogurt and organic eggs and mushrooms, Kirkland organic olive and coconut oils and bulk fresh fish...
by Michael E Dehn | Sep 30, 2023 | Banking and Finance, consumer spending and sentiment
Here's a housing market stat that might surprise you: It is now ALMOST cheaper to buy a new house than and existing house. The median new house is selling for $416,000 while the median existing house is selling for $396,000. How is this possible? Because existing...
by Michael E Dehn | Sep 29, 2023 | 2024 election realities, Biden the miscreant, Breaking News, consumer spending and sentiment, Crime, General interest, General politics, Humanoid endeavors, Latest News, Media
Philly business owner says there’s a ‘get out while you can’ mentality in the city after store is looted | Watch (msn.com)
by Michael E Dehn | Sep 29, 2023 | Banking and Finance, Breaking News, consumer spending and sentiment
You can’t make this up: 1. Median Mortgage Payment: $2,900 2. Median Rent Price: $1,900 It now costs ~$1,000/month more to buy a house than to rent. Meanwhile, the average new car payment is now at $750/month. The average interest rate on a used car loan just hit a...