Spread the lovePresident Joe Biden waded through the aftermath of the wildfires in Maui where he appeared to joke about the “hot ground.” The moment occurred on Monday as the president mingled with a first responder, prompting laughter from people…

Spread the loveSurging loan delinquencies signal that many consumers can’t afford their auto loans. Five years ago, there were a dozen models of new cars that sold for less than $20,000. In 2023, there was only one: the spartan Mitsubishi…

Spread the loveMoney will keep leaving as the diminished return on investment in China no longer justifies the risk of dealing with the Chinese Communist Party (CCP), according to Christopher Balding, an expert on the Chinese economy at the Henry…

Spread the loveAmerica’s biggest banks are taking hits to their bottom line as soaring interest rates cause billions of dollars in loans to fall apart. JPMorgan Chase, Capital One and others lost a combined $18.9 billion in the second quarter…

Spread the loveWhat happened: Evergrande Group, China’s second-largest property developer by sales, filed for bankruptcy in the US on Thursday last week.  Its collapse has opened a Pandora’s box of issues that have become a focal point for regulators, investors, and analysts around…

Spread the loveEris – the most recent “Covid variant” – is supposedly causing spikes in cases all over the world. The story goes that England, Ireland and US are all being hit hard, it’s reached Australia too. In yet another blow to the “BRICS…

Spread the loveBy Kevin Stocklin Actions by the Biden administration to expand racial equity are making their way into America’s suburbs and towns. The Department of Housing and Development (HUD) is implementing a new program that would compel any town, city, or…

Spread the loveTroubles at a big trust company are making investors worry about financial contagion from property developers’ distress. Signs of financial stress at a large asset manager in China are making investors nervous about contagion from the country’s slumping property…

Spread the loveBut the Bay Area cannot keep up with the spectacular collapse of prices during Housing Bust 1. That had been a doozie. In San Francisco, the median price of single-family houses dropped by 8.5% in July from June,…

Spread the loveThanks to people locking in historically low mortgage rates during the pandemic, many US borrowers will pay more on their student loans than their mortgage after a three-year pandemic-era student loan pause ends next month, Bloombergreports. 28-year-old Kentucky physical therapist Fikret…

Spread the loveGerman defense contractor Rheinmetall has bought 49 second-hand Leopard-1 tanks from a Belgian arms dealer for use in Ukraine, a company spokesman said last week. A spokesman for the German government said the tanks would be part of a military aid…

Spread the loveBy Michael Snyder The middle class in the U.S. has been steadily shrinking for decades, but in recent years our leaders have greatly accelerated that process.  In 2020, 2021 and 2022 they absolutely flooded the system with new…

Spread the loveAs Bloomberg’s Garfield Reynolds writes in the aftermath of last night’s unexpected Chinese rate cut, while the nation’s economic struggles were (finally) severe enough for the authorities to respond with their biggest interest-rate cut since the pandemic, it…