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Student delinquencies up as U.S. household debt hits another record

Reuters, Released on 11/16/18 Student loan delinqencies rose to the highest level in seven years. Continue……

Why Chinese Authorities Are Freaking Out

Alhambra Investments, Released on 11/9/18 At Alhambra Investments we seek to create informed portfolio strategies that, like the Alhambra, stand the arduous test of time. We are best known for…

Fed Cites “Strong Economic Activity”, Then Does Nothing

Mish Talk, Released on 11/8/18 Continue… Mike “Mish” Shedlock a registered investment advisor, representative for Sitka Pacific Capital Management and he operates one of the most popular websites about the…

The State of the American Debt Slaves, Q3 2018

Wolf Street, Released on 11/7/18 Consumer debt – or euphemistically, consumer “credit” – jumped 4.9% in the third quarter compared to the third quarter last year, or by $182 billion,…

Mortgage applications drop to 4-year low as interest rates hit 8-year high

CNBC, Released on 11/7/18 Rising rates are now clearly having an affect on potential homebuyers. Total mortgage application volume fell 4 percent last week from the previous week Continue……

Housing Least Affordable in a Decade

Mish Talk, Released on 11/5/18 It now takes 23.6% of median income to make the monthly payment on the average-priced home, making housing the least affordable it’s been in nearly…

Chinese yuan falls to lowest level since 2008 global financial crisis as trade war with US heats up

RT, Released on 10/30/18 The People’s Bank of China has allowed the yuan to depreciate to a 10-year low against the dollar. A cheaper renminbi helps Chinese products mitigate the…

China to propose 50 percent cut to car purchase tax

Reuters, Released on 10/29/18 China is proposing a cut in the tax levied on car purchases by half, as the trade war between the United States and China continues to…

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