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News
Construction Inflation for Nonresidential Buildings Soars amid AI Investment Mania
29+ min ago (606+ words) Banks California Canada CRE, the Epic Mess Credit Bubble Debtor Nation Drunken Sailors Europe Federal Reserve Housing Bubble 2 Inflation & Devaluation Japan Jobs Markets & Companies Oil, Gas, Power Trucks & Cars Trade & Transportation Construction of AI data centers, and the infrastructure needed…...
US Government Sold $742 Billion of Treasury Securities this Week. 30-Year Treasury Auction Yield Highest since 2001, 10-Year Auction Yield Highest since 2007
1+ day, 20+ hour ago (1019+ words) Banks California Canada CRE, the Epic Mess Credit Bubble Debtor Nation Drunken Sailors Europe Federal Reserve Housing Bubble 2 Inflation & Devaluation Japan Jobs Markets & Companies Oil, Gas, Power Trucks & Cars Trade & Transportation The US government sold $742 billion of Treasury securities during…...
My Thoughts about those July Retail Sales
2+ day, 23+ hour ago (1263+ words) Banks California Canada CRE, the Epic Mess Credit Bubble Debtor Nation Drunken Sailors Europe Federal Reserve Housing Bubble 2 Inflation & Devaluation Japan Jobs Markets & Companies Oil, Gas, Power Trucks & Cars Trade & Transportation Not seasonally adjusted, retail sales rose by 0.9% in July…...
PPI Inflation Is in the Revisions? Prior Month Services PPI & Core PPI Massively Revised Higher Today
4+ day, 2+ hour ago (523+ words) But June was substantially revised higher today, to -0.1% today from -0.28% reported originally a month ago, on a massive up-revision of the services PPI. Year-over-year, the overall PPI rose by 4.7%, still a lot of inflation, but lower than the multi-year highs…...
Here Come the HELOCs: Mortgages, Housing-Debt-to-Income-Ratio, Serious Delinquencies, and Foreclosures in Q2 2026
4+ day, 20+ hour ago (932+ words) Mortgage balances fell by $74 billion (-0.6%) in Q2, to $13.12 trillion, according to the Household Debt and Credit Report from the New York Fed, which gets the data from Equifax. The unusual decline “was due to a temporary gap in the reporting of…...
CPI Dragged Down by Energy, Hotels & Motels (Shelter), Auto Insurance, and Meat (Finally)
5+ day, 1+ hour ago (813+ words) The all-items CPI (which includes food and energy) barely inched up (+0.07%) in July from June, after the negative reading in the prior month. The “core” CPI (excludes food and energy) rose by only 0.22%, after a negative reading in the prior…...
Household Debts, Debt-to-Income Ratio, Delinquencies, Foreclosures, Collections & Bankruptcies in Q2 2026
5+ day, 15+ hour ago (943+ words) The decline in Q2 was driven by mortgage balances, which fell by $74 billion due to temporary technical reporting issues, according to the New York Fed. But HELOC balances jumped from the prior quarter, auto loan balances rose, credit card balances inched…...
US Government Sold $638 Billion of Just T-Bills this Week, 10-Year Treasury Yield Dips after Big Kahuna Yen Intervention
1+ week, 1+ day ago (807+ words) The US government sold $638 billion of Treasury bills during the week, with maturities of 1 month to 1 year, spread over seven auctions, most of them to replace maturing T-bills. At three of those auctions, the government sold more than $100 billion each....
Derivative Losses Squish Already Crushed UWM, the Largest Mortgage Lender in the US: SPACs just Keep on Giving
1+ week, 3+ day ago (399+ words) The already shredded stock of UWM Holding, the parent company of United Wholesale Mortgage, the largest home-mortgage lender in the US with $40 billion in mortgage originations in Q2, plunged another 35% today, into penny-stock territory of $1.20 a share. The company, which exclusively…...
Why the US-Japan Joint Intervention to Prop Up the Yen? Fear of Treasury Yields Blowing Out if Japan Becomes a Forced Seller
2+ week, 2+ hour ago (1128+ words) The numbers remain a secret, but the move has been confirmed by both Bessent and the Japanese Ministry of Finance: The US Treasury Department via its fiscal agent, the New York Fed, and Japan’s authorities jointly intervened in the currency…...