The private, nonprofit Campaign Legal Center (CLC) has filed legal complaints prompted by a recent Wall Street Journal report that thousands of appointees at 50 federal agencies held stock in companies that were affected by their policy decisions.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Nov 29 2022
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INVESTORS SCALE BACK ON BUYING HOMES: WHAT TO EXPECT
Private equity funds poured billions of dollars into the housing market since the COVID era began, buying up tens of thousands of single-family homes in a trend we documented in articles such as “Rents Soar as Investors Buy Properties and Raise Rates” (14 Sep 2021) and “Homes Sales Up as Money Gang Gobbles Up Houses” (23 Nov 2021).
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HOME SALES UP 7.5 PERCENT IN OCTOBER
The number of new U.S. homes sold in October was 7.5 percent greater than in September, the U.S. commerce department reported, reversing an 11-percent slide the month before.
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INVESTORS WARY OF STOCK MARKETS’ FUTURE
European and U.S. stock markets have bounced back from their late September lows, with the Standard & Poor’s 500 index reclaiming about 13 percent.
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ECONOMIC UPDATE – MARKET OVERVIEW
It’s all about the bottom line. And since the Panic of ’08 when the Bankster Gangsters began a scheme called quantitative easing and shrunk interest rates to negative and zero rates...the bottom line was cheap money printed out of thin air and backed by nothing that artificially drove up U.S. and European economies.