Real Estate

“[Florida] Property prices boomed here during Covid – they are now being slashed as soaring numbers of homes sit unsold”

“Its warm weather, low taxes and relatively affordable housing market attracted a surge of Americans to Florida during the Covid-19 pandemic, pushing up home values in the state. But as prices stagnate and supply soars in some areas, it seems that Florida’s housing bubble… Continue Reading…

Economy

“Why so many men in the US have stopped working”

“ America’s men are working at much lower rates than they used to — and the reasons are a mixed bag of positive and negative economic news…” https://www.msn.com/en-us/money/careersandeducation/ar-AA1nO1oI The two main reasons why less men are working are not covered in this… Continue Reading…

Cryptocurrencies, Economy, Precious Metals

“Worsening US debt outlook seen more in gold and bitcoin than in bonds”

“…The U.S. budget deficit widened to $1.7 trillion in fiscal year 2023 and is on track to reach $2.6 trillion by 2034, according to the Congressional Budget Office. U.S. government debt held by the public, meanwhile, is on pace to… Continue Reading…

Economy

“Biden visits his Pennsylvania hometown to call for more taxes on the rich and cast Trump as elitist”

“President Joe Biden made a nostalgic return to the house where he grew up in working-class Scranton on Tuesday, kicking off three days of campaigning across Pennsylvania by calling for higher taxes on the rich and casting Donald Trump as an out-of-touch… Continue Reading…

Economy

“Mike Johnson sets up weekend showdown on foreign aid bills”

“House Republicans are prepared to unveil the much-anticipated foreign aid bills on Wednesday, Speaker Mike Johnson told members this morning. Why it matters: The timing sets up weekend votes on bills for foreign aid, national security and the southern border — and… Continue Reading…

Business

“Bank of America accused of religious and political ‘discrimination’ by ‘de-banking’ or refusing to service Trump supporters, Christian churches and Republican-led states want answers”

“A dozen Republican-led states plan to send a letter to Bank of America demanding an explanation for why it allegedly de-banked Christian and other conservative groups…” https://www.dailymail.co.uk/news/article-13310697/republican-states-bank-america-trump-christian-loan-blocking-discrimination.html  No need to long quotes everyone gets the point. It’s obvious Bank of… Continue Reading…

Economy

“A tax mystery: Why are fewer people getting refunds?”

“If it seems like you’re not getting a tax refund like you used to, you’re not alone. The share of taxpayers who get money back at tax time is slowly and, a little mysteriously, shrinking. At the same time, the… Continue Reading…

Economy

“IMF Steps Up Its Warning to US Over Spending and Ballooning Debt”

“The International Monetary Fund leveled an unusually direct criticism at US policymakers Tuesday, saying the country’s recent standout performance among advanced economies was in part driven by an unsustainable fiscal policy…” https://www.bloomberg.com/news/articles/2024-04-16/imf-steps-up-its-warning-to-us-over-ballooning-debt The U.S. has unsustainable debt. It doesn’t take a rocket… Continue Reading…

Economy

“Retail sales rose sharply in the first quarter — and could boost U.S. GDP”

“The numbers: Sales at retailers rose a robust 0.7% in March and outlays in the prior month were also stronger than previously reported, indicating the economy got a boost from consumer spending in the first quarter. Economists polled by The… Continue Reading…

Energy

“Proposals for New US Power Plants Jump 90% on Surging Demand”

“As utilities race to keep ahead of rising electricity demand, developers have proposed a surge of new power plants across the US — and very few of them would run on fossil fuels. The generating capacity of proposed plants seeking… Continue Reading…