Looking at the past 50 years, 30–year mortgage rates have averaged nearly 8%.
Mortgage #interest rates have risen since their all–time low in January 2021, and will likely keep rising through 2022.
We can reasonably expect to see a #Fed rate hike as early as next September.
@InvesTradeLearn@KobeissiLetter Logical, but the people it impacts would need to write the law then vote on it.
Even if the law was passed, the lawyers in Congress would change how the deficit is calculated or change the meaning of “re-election”.
Netflix’s crackdown on password sharing isn’t yet delivering the sales growth analysts anticipated.
$NFLX shares are trading down about 8% this morning.
There are plenty of other streaming choices that allow password sharing. For now. @netflix
During a certain period, Sears offered complete houses in large do-it-yourself (DIY) kits through their catalogs. These kits were transported by train and encompassed around 30,000 components, including wiring, plumbing, and heating, which collectively weighed over 25 tons.
Customers had the option to choose from more than 370 designs, and each kit included a 75-page instruction manual. Sears asserted that an individual with "average" skills could construct the entire house within a span of 90 days.
Between 1908 and 1940, Sears managed to sell over 70,000 DIY homes at prices ranging from $600 to $6,000 (approximately equivalent to $8,400 to $84,000 in today's currency). One notable model, known as the Martha Washington (as depicted in the accompanying images), was sold for $3,028 (equivalent to $45,538 today) in 1921.
In 2016, the same Martha Washington model was purchased for $1.06 million in Washington D.C. Remarkably, almost 70% of these Sears DIY houses are still standing today.
Lately people seem to worry about the USD losing its reserve currency status.
The #DebtCeiling debacle is not doing the dollar any favors, as it relates to maintaining this status.
There needs to be a permanent fix.