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21 Million Renter Households Spent Over 30% Of Their Income On Housing Costs

21 Million Renter Households Spent Over 30% Of Their Income On Housing Costs

Nearly half of all renter households are distressed. I am not surprised.   Distressed HouseholdsThe Census Department reports Nearly Half of Renter Households Are Cost-Burdened, Proportions Differ by Race   Over 21 million renter households spent more than 30% of their income on housing costs in 2023, representing nearly half (49.7%) of the 42.5 million renter […]
American Express Stock Has Upside, But A Pullback Can’t Be Ruled Out

American Express Stock Has Upside, But A Pullback Can’t Be Ruled Out

Image Source: Unsplash American Express (AXP) stock has done well as we predicted in our last article in April when we compared it with Mastercard and Visa. It has soared to a record high of $271.35, bringing its year-to-date high gains to almost 50%, making it one of the best-performing companies in finance.AXP is beating some of the […]
You Party, I Party, Chart Party

You Party, I Party, Chart Party

 I’ll be on a soccer field in a few hours, watching a herd of six-year-old girls travel around in a pack behind a soccer ball.This herd is no different from the wild pack of algorithms, institutions, retail investors, and others… all with the same names…Over and over… stimulus pump by stimulus pump… rate decision by rate decision… […]
Britain’s Energy Transition

Britain’s Energy Transition

I spent two weeks recently touring southern England with my wife. It’s 42 years since I moved to the US, and I appreciate my old country more now than as a teenager itching to escape to the new world. We did some sightseeing and saw old friends. As we traveled around, the British approach to […]
The Coming US Election And What It Means For America’s Fiscal Future

The Coming US Election And What It Means For America’s Fiscal Future

When in the course of history’s twists and turns dire necessity becomes the mother of invention the hour is usually late. That’s the case with America’s septic fiscal derangement at the present time. There is simply not a snowball’s chance in the hot place that either the Trumpified GOP or the beltway blob-controlled Democrats will […]
Weekly Commentary: Fed Goes Big

Weekly Commentary: Fed Goes Big

Image Source: DepositPhotos This period will be analyzed for decades, if not generations. For posterity, it’s worth noting that the Fed chose to slash rates 50 bps this week, with the Atlanta Fed GDPNow (Q3) forecast at 2.93%, and August Core CPI up 3.2% y-o-y – after Q2 Non-Financial Debt grew at a seasonally-adjusted and annualized […]
The Fed’s Himalayas

The Fed’s Himalayas

The Fed began manipulating stock prices about thirty years ago. Since then, each of the households in the top 1% has gained about $32 million in wealth. Down below, the wealth gain has been negligible.  Source: DepositPhotos The Fed acted. Investors re-acted. MarketWatch:    U.S. stocks roared higher Thursday, with the Dow Jones Industrial Average topping the 42,000 […]
Fed Funds Rate And Inflation. Part 1 
                    

Introduction

Data

Analysis

Conclusion

Appendix

Footnotes

Fed Funds Rate And Inflation. Part 1 Introduction Data Analysis Conclusion Appendix Footnotes

How does CPI inflation vary as the Fed Funds rate changes? That is the next question in our investigation of possible cause-and-effect relationships for changes in inflation.   Marriner S. Eccles Federal Reserve Board Building, Wikipedia, Creative Commons Attribution-Share Alike 3.0 Unported license.  IntroductionPrevious studies have examined correlations between quantities of money and consumer inflation. This […]
Book Review: On The Edge, By Nate Silver

Book Review: On The Edge, By Nate Silver

Nate Silver published On The Edge: The Art of Risking Everything on August 13th and, well, I knew I had to jump it on the top of my reading list.    Silver is best known for creating the election-forecasting blog FiveThirtyEight, which he reconstituted on Substack in 2024 as The Silver Bulletin. For newspaper-reading political obsessives like me, it’s Nate […]
Key Levels To Watch In Gold This Coming Week

Key Levels To Watch In Gold This Coming Week

Image Source: Pixabay Tune in as Phil Streible joins the Schwab Network to analyze the current Gold and Crypto markets, after a volatile week for gold futures.Video Length: 00:07:12More By This Author:That’s A Wrap – Quick Look At A Few Markets On Our Radar Gold Rips And Bitcoin Dips. Have Wheat Futures Found A Bottom?