Existing Home Sales Beat In October As Mortgage Rates Tumbled
Existing Home Sales Beat In October As Mortgage Rates Tumbled With mortgage rates tumbling, housing market participants have been disappointed by the lack of enthusiasm by homebuyers to apply for mortgages (though there was a decent bounce in refi activity)… Source: Bloomberg This morning’s existing home sales data (admittedly for October) will give us a […]
Is The Gold Market Frothy?
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As Energy Costs Remain High, Utility Debt Builds For Millions Ahead Of Winter
As Energy Costs Remain High, Utility Debt Builds For Millions Ahead Of Winter Authored by Tom Ozimek via The Epoch Times (emphasis ours), An increasing number of American households are falling behind on their utility bills as energy costs remain elevated heading into winter, according to a new analysis from two nonprofits. Steam rises from […]
“What Has Become Of Us”: Rosie O’Donnell May Have Just Handed Trump A Golden Defamation Lawsuit
“What Has Become Of Us”: Rosie O’Donnell May Have Just Handed Trump A Golden Defamation Lawsuit Authored by Jonthan Turley, I have previously expressed skepticism over some defamation cases against the media brought by President Donald Trump under existing case law. However, comedian Rosie O’Donnell may have supplied the President with a another defamation case […]
Japan Bond Yields Soar To Record, Slamming Door On Stimulus Just As Economy Implodes Amid Escalating China Clash
Japan Bond Yields Soar To Record, Slamming Door On Stimulus Just As Economy Implodes Amid Escalating China Clash Back in 2024, it was the story of the summer, but now with a relentless waterfall of news stressing traders – and that excludes the hourly blasts from Trump’s truth social account – it has become impossible […]
Elliott Mgmnt Builds ‘Large’ Stake In Barrick Mining As Central Bank Gold Buying Accelerates
Elliott Mgmnt Builds ‘Large’ Stake In Barrick Mining As Central Bank Gold Buying Accelerates Elliott Management has built a large stake in Barrick Mining Corp., the Financial Times reported, citing people familiar with the matter. Elliott’s stake – valued at at least $700 million – puts it among Barrick’s 10 biggest investors, the FT cited […]
‘Goldilocks’ Empire Fed Manufacturing Survey Surges To One Year High
‘Goldilocks’ Empire Fed Manufacturing Survey Surges To One Year High Amid the last month’s absence of hard economic data, investors have had to rely on soft survey data (and alternative providers) and that has been somewhat optimistic… Today, we saw yet another soft survey data point beat expectations as the NY Fed’s ‘Empire State Manufacturing […]
US Debt Rose By $620 Billion During The Government Shutdown
US Debt Rose By $620 Billion During The Government Shutdown By Eric Peters, CIO of One River Asset Management “This package demonstrates that we can govern without surrendering to big spending or letting Democrats dictate priorities,” wrote the House Freedom Caucus in some talking points released to the media. “We successfully stiff-armed a massive omnibus […]
The Debt-Reduction Playbook: Can Today’s Governments Learn From The Past?
The Debt-Reduction Playbook: Can Today’s Governments Learn From The Past? Authored by Joe Sullivan-Bissett via BondVigiliantes.com, Government debt levels continue to linger in uncomfortable territory across developed markets, with fiscal deficits stubbornly high despite reasonably resilient growth and employment – especially when compared to past norms. This is not a post-crisis or post-war moment, yet […]
Goldman Sees Brighter US Housing Outlook Taking Shape For 2026
Goldman Sees Brighter US Housing Outlook Taking Shape For 2026 Conversations around the housing market this week revolved around Housing Finance Agency (FHFA) Director Bill Pulte floating the idea of 50-year mortgages, pitched by the Trump administration as a clever way to make homes more “affordable” by lowering monthly payments, expanding access, and attracting more buyers. […]