Month: May 2023

Debt Ceiling
Economy

Markets Week Ahead: Nasdaq, Gold, US Dollar; Debt Ceiling, US PCE, Germany Ifo, UK Inflation, RBNZ, Australia Retail Sales

May 22, 2023 Mark Paul Cervantes Comments Off on Markets Week Ahead: Nasdaq, Gold, US Dollar; Debt Ceiling, US PCE, Germany Ifo, UK Inflation, RBNZ, Australia Retail Sales

Global equity markets jumped while gold dropped in the past week on growing hopes of a deal in Washington to raise the debt ceiling to avoid a catastrophic default. However, some of the optimism scaled back after […]

Fannie Mae
Economy

Fannie Mae: The housing market recession isn’t over—and soon it’ll help spur a ‘mild’ U.S. recession

May 22, 2023 Mark Paul Cervantes Comments Off on Fannie Mae: The housing market recession isn’t over—and soon it’ll help spur a ‘mild’ U.S. recession

Combined with tightening credit for construction lending, which we expect will soon be realized by a slower new project pipeline, we are expecting a significant slowdown in starts later this year,” wrote Fannie Mae economists […]

Home
Economy

People are flooding open houses and feverishly bidding on homes even after predictions of a market crash and bargain-basement prices. Here’s why.

May 22, 2023 Mark Paul Cervantes Comments Off on People are flooding open houses and feverishly bidding on homes even after predictions of a market crash and bargain-basement prices. Here’s why.

After a grueling winter of dashed hopes, US home shoppers are going through a brutal spring homebuying season. If you’re in the market at all, odds are that you’re paying up for a home instead […]