Turkish Lira is not a currency that's predestined to fall for ever. It's fallen for the past 10 years due to a policy choice: use one credit boom after another to boost short-term growth. If these credit booms end - even with a difficult election outcome - Lira will recover...
The average 30-year mortgage rate hit 6.5% this week
The median home price is $400,000
You'd need to put $80k down and pay $2,008 a month, before insurance, property taxes, or maintenance.
Can the average American really afford that?
Bitcoin has fallen over the past week (black), to the dismay of HODLER bros everywhere. It's falling as market pricing for the Fed is becoming more hawkish again (blue). Bitcoin falls when markets price a more hawkish Fed and vice versa. Bitcoin is just another bubble asset...
The US Conference Board LEI takes the 10 most effective leading indicators and aggregates them into an index
The YoY change dropped further below -7%
Over the last 40+ years, every time this indicator drops < 0 and stays there for 2+ months we are in a recession
100% hit rate
The average 30-year mortgage rate hit 6.43% this week
The median home price is $400,000
You'd need to put $80k down and pay $2,008 a month, before insurance, property taxes, or maintenance.
Can the average American really afford that?
NEWS: The Canadian Broadcasting Corporation has halted its use of Twitter after being labelled “government-funded media,"
The public broadcaster says this label undermines its credibility.