by Michael E Dehn | Sep 21, 2023 | 2024 election realities, Banking and Finance, Breaking News, consumer spending and sentiment
BREAKING: Average interest rate on a 30 year mortgage rises to 7.59%, its highest since December 2000. With interest rate cuts now no longer expected until September 2024, it is likely we see 8% mortgages soon. On top of the Fed holding rates higher for longer, US...
by Michael E Dehn | Sep 21, 2023 | Breaking News, consumer spending and sentiment, General interest, Latest News, Media
Coupled with the DISASTER that was CNN PLus, a 300 million dollar gaffe of the highest order that remains the worst news launch failure ever in media history, these dismal stats say VOLUMES on the mood of the country as we move toward 2024. CNN just made primetime...
by Michael E Dehn | Sep 11, 2023 | Breaking News, consumer spending and sentiment, General interest, Humanoid endeavors
Walmart and Sam’s Club introduce ‘game-changing’ new feature at hundreds of stores across the country: ‘It’s a big win’ (msn.com)
by Michael E Dehn | Sep 11, 2023 | Banking and Finance, consumer spending and sentiment
Real estate markets are about to do something they haven't done since 2005. For the first time since the financial crisis, EXISTING home prices are about pass NEW home prices. The median new home sales price is now down to $416,000. Meanwhile, the median existing...
by Michael E Dehn | Sep 10, 2023 | Banking and Finance, consumer spending and sentiment
The $7.6 trillion of US government debt is currently paying very low interest rates from the years back before 2022 when rates were near 0% to 1%. As that debt matures over the next 12 months, the US Treasury will rollover the debt and issue new debt at the current...
by Michael E Dehn | Sep 10, 2023 | Banking and Finance, Breaking News, consumer spending and sentiment
The default rate on credit card loans from small banks just hit a record high of 7.5%. This is well above the 2001 high of 6.0% and 2008 high of 5.6%. Meanwhile, these same small lenders have exposure to 70% of commercial real estate loans in the US. ~$1.5 trillion of...
