NY Fed: Mortgage Originations by Credit Score, Delinquencies Increase, Foreclosures Remain Low; Calculated Risk Newsletter The NY Fed released the Q3 Quarterly Report on Household Debt and Credit this morning. Here are three charts from the report. The first graph shows mortgage originations by credit score (this includes both purchase and refinance). Look at the difference in credit […]
– by New Deal democrat Today’s CPI report for October generally showed stable monthly increases, but slight increases in YoY comparisons. But as usual, it was almost all about the usual culprit of shelter, as more fully parsed below; to wit: – Headline CPI increased 0.2% for the month, the fourth month in a row […]
We had rooftop solar on our house for eight years before we moved. Half the price was paid by Ameren, the electric utility, and we got a 30% tax rebate on the balance. Even with that steep discount, we never got back our put, even in nominal dollars. Solar panels are much cheaper now, and […]
Robert Devereaux, MD wrote a piece on upcoding at MedPage. “The Trouble With Upcoding Extends Far Beyond Ethics.” This is a topic I have touched upon a couple of times and have experienced myself. Fix the issue I am telling you about if you can or pass me along to someone who can. “The practice […]
Why does it take, take a seven-foot-tall former professional basketball player to deliver the bad news. What about? How the citizens of the US misinterpreted the pricing of a dozen eggs as a bellwether for the US economy. The news is the economy was not bad. We weathered a pandemic because a president and a […]
Tuesday, November 12, 2024 – by New Deal democrat On Friday I wrote about how the Fed likely contributed, via hurting aspiring homeowners, to the outcome of the Election last week. Today I want to take a look at another issue – wages. As it happens, while I was writing this Paul Krugman put up […]
The Trump administration is threatening to deport >10 million people. These are people who, regardless of their immigration status, are contributing to the economy and jobs by purchasing goods and service (“job creators”) and contributing to social programs like Social Security and Medicare. Indeed, if they are undocumented, they will never see benefits to the […]
Watch Months-of-Supply! by Bill McBride Calculated Risk Both inventory and sales are well below pre-pandemic levels, and I think we need to keep an eye on months-of-supply to forecast price changes. Historically nominal prices declined when months-of-supply approached 6 months – and that is unlikely any time soon – however, as expected, months-of-supply is above 2019 […]
Since we have a new president who favors Tariffs, we should start talking about how those Tariffs will impact the US Economy and Citizens. The Tax Foundation offers up a brief explanation which should be readily understandable for Angry Bear readers. If Trump is able to pull this off and get it out of Congress, […]
A comparison of US Fiscal Deficit prompted me to post this at Angry Bear. I believe it will be interesting to see how Trumps fiscal policies playout over the next four years. Check out The Guardian’s Economics Editor’s commentary on Trumps economic plans. The Issue: With continued high fiscal deficits likely for the foreseeable future, […]