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Wall Street Silver @wallstreetsilv ·

27 Jan

US paid $853 Billion in Interest for $31 Trillion Debt in 2022; More than Defense Budget in 2023.

If the Fed keeps rates at at these levels (or higher) we will be at $1.2 trillion to $1.5 trillion in interest paid on the debt.

The US govt collects about $4.9 trillion in taxes.

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Lisa Abramowicz @lisaabramowicz1 ·

27 Jan

More Americans are falling behind on their car payments than during the financial crisis. In December, the percentage of subprime auto borrowers who were at least 60 days late on their bills rose to 5.67%, vs the crisis peak of 5.04% in January 2009. https://www.bloomberg.com/news/articles/2023-01-27/car-repossessions-grow-as-inflation-slams-consumers?utm_source=website&utm_medium=share&utm_campaign=twitter

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Paul Williams @paul_o_williams ·

27 Jan

You have to decide if you're going to wilt like a daisy or if you're just going to go forward and live the life that you've been granted. -- Kevin Costner

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Lance Lambert @newslambert ·

26 Jan

Wells Fargo: "We look for total housing starts to decline 16.6% to an average pace of 1.28 million in 2023. Single-family starts likely will be the primary source of drag on overall starts."

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Charlie Bilello @charliebilello ·

26 Jan

The 30-year US mortgage rate has moved from 7.08% to 6.13% over the last 11 weeks, the largest 11-week decline (-95 bps) in rates since January 2009.

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