On 27 September, lumber futures prices dropped to $429.30 per thousand board feet, falling 60 percent from their peak last March to levels preceding the COVID era and its building boom, according to Random Lengths, an industry research service.
Category: TRENDS ON THE U.S. ECONOMIC FRONT
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U.S. MORTGAGE RATES HIGHEST IN 15 YEARS
Last week, U.S. mortgage interest rates rose to their highest levels since July 2007 during the Great Recession.
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NEW WORLD DISORDER TREND: DOLLAR WREAKING HAVOC IN EMERGING MARKETS
The U.S. Federal Reserve is watching the turmoil that the strong dollar is causing in emerging markets, but still will continue to raise interest rates in its struggle to control inflation, Fed vice-chair Lael Brainard said at a Fed-sponsored conference last week.
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ECONOMIC UPDATE – MARKET OVERVIEW
Watch, look, and listen. The global economy is going down the drain. It has been flushed into ruin by egotists called politicians, central bankers, and bureaucrats that the masses look up to and obey.
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KEY INFLATION GAUGE COMES IN HIGHER THAN EXPECTED
Despite the Federal Reserve raising interest rates five times this past year, inflation continues to be much higher than the central bank’s 2 percent target. The Personal Consumption Expenditures inflation measure, which was released Friday, showed the index rose last month by 6.2 percent from a year ago, which was slightly down from 6.4 percent...
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HOME PRICES, SALES FALL AS INTEREST RATES RISE
Sales of existing homes slipped 0.4 percent in August from July and fell 19.9 percent below August 2021, making it the slowest sales month since May 2020 when the housing market froze at the onset of the COVID panic. Aside from that blip, August was the worst sales month for existing home sales since November...
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FED RAISES RATE THREE-QUARTERS OF A POINT AS RECESSION LOOMS
The U.S. Federal Reserve added 0.75 percent to its key federal funds interest rate on 21 September, raising it to a range of 3 to 3.25 percent, a level last seen in 2008 during the Great Recession. It was the third such boost in the Fed’s last three meetings, the central bank’s most aggressive campaign...
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ECONOMIC SPECIAL: NATURE’S WILD CARD
As the summer of 2022 came to a close, countries in nearly every continent were impacted by historic heat waves and droughts that not only threatened lives, but also threatened economies reliant on water for energy production. Gerald Celente, the publisher of The Trends Journal, has identified these acts of nature as “wild cards” and...
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ECONOMIC UPDATE – MARKET OVERVIEW
“All things are connected, like the blood which unites us all,” said Chief Seattle. And when analyzing the socioeconomic and geopolitical connections to the current events forming future trends, unless there is a major movement for peace, the blood which unites us will flow across the planet. Speaking at a rally this past week, former...
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THE RAMPANT CORRUPTION OF “LEGAL” CONGRESSIONAL STOCK TRADING HITS A NEW LOW
Roughly one in four politicians serving in Congress (or their immediate family members) have traded individual stocks over the past several years. And nearly one-fifth—97 lawmakers—bought or sold assets in sectors that coincided with their legislative committee assignments and work. Partly by using data from the trade monitoring platform Unusual Whales, The New York Times...