Author: support

For years, private equity firms have been buying single-family houses to rent out at premium prices, a trend that accelerated during the COVID War as the firms broadened their portfolios to include apartment buildings and even student housing. As home prices have skyrocketed, investment companies have swooped in, offering cash on the spot to sellers...

The high cost of houses and apartment rents has pushed more people with low incomes into mobile home parks, where surging demand is driving up rents in what has become the last housing refuge for those of modest means.  About 6 percent of U.S. residences are so-called “manufactured homes,” housing roughly 20 million Americans, according...

While the mainstream media ignored our forecast, and President Joe Biden, as we reported extensively, told the American people and the world that the sanctions he and NATO imposed on Moscow would hurt Putin and not We the People, they are now changing their tune. The economic sanctions that Western allies imposed on Russia after...

Consumers spent 0.3 percent less in May on retail and food-service purchases than in April, confounding analysts’ prediction of a 0.1-percent gain and notching the first monthly decline in consumer spending this year. April’s spending edged up 0.7 percent, month on month. May sales actually rose 0.5 percent when vehicle purchases were excluded from the...

U.S. industrial production edged up just 0.2 percent in May, compared to 1.4 percent in April, while factory output slipped 0.1 percent, its first slip since January, the U.S. commerce department reported. Industrial production measures economic activity among manufacturing, mining, and utilities. Mines’ output rose 1.3 percent; utilities delivered 1 percent more. Factories in the...

Consumer spending is softening, home starts and sales are down, industrial output is weakening with factory production in decline, and the U.S. Federal Reserve has just boosted its key interest rate the most in one jump since 1994. The Federal Bank of Atlanta’s closely-watched GDPNow gauge of economic strength indicates the U.S. economy will flatline...

On 15 June, the U.S. Federal Reserve raised its benchmark interest rate by three-quarters of a point, the largest such increase since 1994. The Fed also indicated that it will continue to raise rates at every meeting this year in its attempt to quell inflation, which set a 40-year record pace of 8.6 percent in...

During the week ending 15 June, investors took $6.6 billion out of funds that buy high-yield “junk” bonds, raising the total withdrawal this year to $35 billion, data service EPFR reported. The spread between treasury yields and those of junk bonds moved up two-thirds of a point last week to 5.17 points, the widest gap...