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Monthly Archives: May 2022
Grim home affordability finally starting to dent buyer demand
Sales of new US homes plummeted last month to the slowest rate since April 2020 as buyer ability shrank under the weight of inflated home prices, higher rates, food and fuel. See Business Insider: New Home Sales just plunged to … Continue reading
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The Fed’s controlled demolition plan?
This is a worthwhile discussion. Lots of food for thought. You can make the argument that Fed policy was the largest single driver sending financial asset prices every higher over the past 10 years. You can also make the case … Continue reading
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Crypto crash: suicide of the ignorant led by the reckless
In October 2017, Bitcoin rose to $19,376 before plunging to $3200 by December 2018 and trading below $5300 to March 2020. Then, pandemic lockdowns, government subsidies and payment deferrals enabled financial speculation as an international obsession. As shown below, the … Continue reading
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