The number of newly built homes will increase this year by 4.5 percent compared to 2022, rising to 670,000 this year and 750,00 next year, the National Association of Realtors (NAR) has predicted.
Author: admin
U.S. MEGABANKS WRITE OFF $3.4 BILLION IN BAD LOANS
Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo Bank collectively wrote off $3.4 billion in loans gone sour during this year’s first quarter, 73 percent more than in the same period in 2022, Bloomberg reported.
FED’S EMERGENCY BANK LOANS TOP $155 BILLION
As of 26 April, the U.S. Federal Reserve had made $155.2 billion in emergency loans to banks as the industry continued to wobble following the simultaneous collapse of Signature and Silicon Valley banks in mid-March.
LAYOFFS SURGE AMONG HIGH-INCOME EARNERS
Americans earning $200,000 a year or more filed 113,796 claims for unemployment benefits in recent weeks, the highest rate since the COVID War began to wane, according to Fundstrat Global Advisors.
FASCISM: LIGHTS, CAMERA, TAX INCENTIVES FOR MOVIE MAKERS
Fascism, according to Benito Mussolini, is the merger of state and corporate powers.
WAGES AND PRICES BOTH INCREASE, PRESSURING FED TO HIKE RATE
During this year’s first quarter, wages and benefits paid to workers rose 1.2 percent, according to the U.S. labor department’s Employment Cost Index.
TOP TREND 2022, DRAGFLATION: U.S. ECONOMY GROWS AT A SLUGGISH 1.1 PERCENT IN FIRST QUARTER
U.S. economic growth slowed to 1.1 percent in this year’s first quarter, bogged down by business’s reluctance to invest amid stubborn inflation, rising interest rates, and a cloudy economic future, Bloomberg reported.
POWELL PUNKED BY CALL FROM ZELENSKY IMPERSONATOR
In January, U.S. Federal Reserve chair Jerome Powell had a phone conversation with a man he believed—incorrectly—to be Ukrainian president Volodymyr Zelensky.
BANKRUPTCIES INCREASING AMONG SPAC-MERGED COMPANIES
Merging with a special-purpose acquisition company (SPAC) was a speedy route to the stock market for hundreds of eager start-ups in 2021 and 2022.
DUH-MOCK-RACY: GIVE THE FRENCH PRESIDENT THE FINGER, GET FINED AND GO TO JAIL
It’s a sick joke. The great NATO government and the United States who launch wars across the globe, invade and occupy foreign nations and spend trillions to kill millions in the name of bringing freedom and democracy have—as we have greatly detailed in The Trends Journal—stolen it from its people.