As the U.S. seeks to curb its dependence on foreign suppliers of lithium, American developers are colliding with a jumble of laws and regulations that leave them unable to proceed with any confidence…
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Apr 16 2024
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SOARING CAR INSURANCE PREMIUMS ARE DRIVING INFLATION
The cost of car insurance rose 2.7 percent in March and has shot up 22.2 percent year on year, CNBC reported. Car insurance makes up 2.85 percent of the Consumer Price Index.
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PRODUCER PRICES RISE IN MARCH
The prices factories charge for their products rose 2.1 percent in March from a year earlier, the sharpest monthly increase since last April, The New York Times reported.
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RISING MORTGAGE RATES SPOOK HOME BUYERS
The average U.S. rate on a 30-year, fixed-rate mortgage rose last week to 6.88 percent from 6.82 percent the week before, the Federal Home Loan Mortgage Corp. (Freddie Mac) reported.
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HOME AFFORDABILITY FALLS TO LOWEST IN 40 YEARS
Buying and owning a home takes a bigger slice of a household’s income than it has at any time in the last 40 years, The Wall Street Journal reported.
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SPECIAL REPORT: THE NEW BULL MARKET IN COMMODITIES
Gold for June delivery reached $2,448.80 on 13 April before ending the day at $2,374.10, with central banks still on their gold-buying spree.
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ECONOMIC UPDATE – MARKET OVERVIEW
Here is the hard fact. No one in the world, other than The Trends Journal, had forecast that a Top Trend of 2024 would be a “GOLDEN YEAR FOR GOLD.”