Rising to new heights, housing prices have surged significantly, matched in intensity by the upward trajectory of mortgage rates. These combined forces serve as a stark indicator that the cherished concept of the American Dream, entwined with homeownership aspirations, is undergoing a profound transformation. The once-attainable notion of owning a home, intertwined with financial security…
The results of the June 2023 survey conducted by the RV Industry Association reveal a significant decline in total RV shipments. The month ended with 24,095 units shipped, showing a considerable decrease of 46.4% compared to June 2022 when 44,942 units were shipped. The overall trend for RV shipments this year has been on a…
The recent experience of the Federal Reserve dealing with high inflation should serve as a cautionary tale for the Bank of Japan, urging them to be careful in their desire for higher inflation. The Bank of Japan faces a crucial moment in its monetary policy as it tries to avoid falling below its 2% inflation…
The amount of distress in the U.S. Commercial Real Estate increased to USD 71.8 billion during the middle of the year, marking the fourth consecutive quarter of growth. Distress refers to financially troubled assets and properties taken back by lenders. In the last quarter, distress exceeded property owner and lender workouts by approximately USD 8…
The Federal Reserve Faces Insolvency Amidst Rising Losses But Is Being Saved by Controversial Accounting Methods
According to a forthcoming book titled “Rigged” by BBC economics correspondent Andy Verity, banks were purportedly coerced by central banks and governments into manipulating the London Interbank Offered Rate (Libor) in an effort to instill confidence in the financial sector.
U.S. crude oil output increased by 5.6%, or 0.6 million barrels per day (b/d), from 2021 to 2022, average 11.9 million b/d. Texas and New Mexico, the two states that make up the Permian Basin, contributed most to the increase in U.S. crude oil output in 2022. Oil production in these two states is dominated…
The Systemic Nature of the Regional Banks’ Meltdown The meltdown in regional banks has emerged as a systemic crisis, triggering concerns among the investors. This downturn is characterized by a series of interconnected issues plaguing regional banks, with far-reaching implications for the industry as a whole. Note: KRE or SPDR® S&P® Regional Banking ETF, an…
Capital expenditure (CapEx) refers to the financial investment made by businesses to acquire, enhance, and maintain physical assets like buildings and machinery. These projects often necessitate thorough planning because once initiated, they tend to be expensive, protracted, and difficult to halt. The willingness of a company to undertake capital expenditures can serve as an indication…
Blueprint for Mitigating the Burden of US National Debt