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News & Articles By Belle Carter
09/30/2022
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By Belle Carter
Redfin: House sales decline in Sun Belt as buyers back out due to hefty prices
A new report from renowned real-estate brokerage firm Redfin has indicated that clients are backing out of contracts in the Sun Belt due to unaffordable rates and home prices. According to the report, 15.2 percent of homes in cities in the region that went under contract in August fell through. In other words, roughly 64,000 […]
09/30/2022
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By Belle Carter
Bank of America warns: Inflation genie is out of the bottle
President Joe Biden, his administration and the Fed have been constantly assuring America that the record-breaking inflation is under control. The Bank of America (BofA) doesn’t think so. “The inflation genie is out of the bottle,” the bank wrote in a research note last week, emphasizing that it could be a long time before it […]
09/29/2022
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By Belle Carter
Aussie central bank goes BUST, declaring wiped-out reserves and bond losses
The Reserve Bank of Australia (RBA) went bust, reporting wiped-out reserves and huge bond losses. The Land Down Under’s central bank revealed its wiped-out equity, thanks to bond purchases driven by the Wuhan coronavirus (COVID-19) pandemic. These purchases sought to support economic activity during the lockdown periods. During a Sept. 21 speech in Sydney, RBA […]
09/28/2022
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By Belle Carter
Luxury home sales suffer biggest decline in 10 years, real estate firm reports
A recent report by real-estate brokerage Redfin marked a huge decline of 28.1 percent in sales of U.S. luxury homes in the three months ending Aug. 31 compared to the same period last year. Redfin’s records showed that this has been the biggest decline since at least 2012 when the company’s records began. The fall […]
09/28/2022
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By Belle Carter
WSJ journalist slammed for her “optimistic” view of the Fed giving up fight against inflation
Wolf Street founder and publisher Wolf Richter blasted Nomi Prins of the Wall Street Journal (WSJ) for her “optimistic” analysis of the Federal Reserve pivoting and surrendering in its fight against inflation. Prins, an author and journalist, said she expects the Fed to begin reversing course and becoming accommodating – given that the the U.S. already […]
09/27/2022
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By Belle Carter
The tide has turned: Shipping lines no longer interested in renting container vessels
Rates for container ship rentals are now in a nosedive, as per freight indexes. The cost of transporting goods in containers has steadily declined since reaching its highest point before the end of 2021. “What is astonishing is how quickly the market appears to turn,” ship brokerage Braemar said. “Only some weeks ago, charter rates appeared […]
09/23/2022
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By Belle Carter
Walmart, major US retailers are canceling orders as consumer demand plunges
Walmart, Target and other major U.S. retailers are canceling billions of dollars in orders ahead of the coming holiday season as part of their aggressive actions to manage inventory excesses that have accumulated in the last few quarters. Analysts say this is a replay of a strategy used at the start of the Wuhan coronavirus […]
09/23/2022
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By Belle Carter
Lockdown aftermath: Chinese copper giant hits liquidity crisis
One of China’s most influential commodities traders has recently asked for government and financial institutions’ help after liquidity issues hit him hard. He Jinbi, founder and chairman of Xi’an Maike Metals International Ltd., is now suffering a liquidity crisis, and his empire is under threat. The company handles a million tons of copper a year, amounting to a […]
09/22/2022
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By Belle Carter
HRR Situation Update: US has a zombie economy where the Fed prints money and hands it to people
For Health Ranger Mike Adams, the American economy in its current state is just a zombie economy. Consumer demand is collapsing, and individuals and businesses alike are being driven by stimulus money or funds given by the government to keep the economy going. “It’s a zombie stock market. It’s a reanimated financial zombie. It is […]
09/21/2022
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By Belle Carter
Fox News reporter interrupts Biden’s Inflation Reduction Act speech to give live REALITY CHECK
Viewers were given a reality check when a mainstream broadcaster interrupted President Joe Biden’s Sept. 13 speech celebrating the passing of his Inflation Reduction Act (IRA). During the speech, Fox News anchor Neil Cavuto cut off the White House’s stream. He then came on the screen to point out that the stock market was “tanking” […]
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