Fed rate hikes during a recession could possibly be explained by the need to prop the US dollar.
Currency Wars
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Finconomics 101
Money Doesn’t Grow on Trees
Hopefully, the US soon will realize that real money doesn’t grow on trees! MMT is an unhinged theory that acts to undermine the confidence people have in the integrity of the US dollar.
Gas Prices Drive the Economy
Gas prices are playing a huge role in consumer spending as reported by a number of restaurant chains but also most recently by AutoZone.
Lowe’s Comments About Housing Market
90% of Lowe’s customers have existing fixed interest rate mortgages (sub 3%) & are immune to Fed rate hikes.
How the Fed Can Help
Why doesn’t the Fed ensure the availability of affordable mortgages in order to support the residential real estate market?
Dollar General’s CEO Comments
Comments from Dollar General’s CEO shed light on their consumer’s financial situations.
Understanding the Fed Fund Rate
The Federal Funds Rate is the short-term interest rate at which depository institutions lend overnight to each other within the Federal Reserve system.
The Ugliest House on the Block
Total home sales declined -11% y/y during 2Q22 as the 30-year fixed rate mortgage increased from 3% during 2Q21 to 5.2% in 2Q22.
Auto Sales
The decline in vehicle sales illustrates how our current bout with inflation is a function of supply shortages as opposed to an over-heated economy.
Consumer Confidence and Gas Prices
Gas prices and consumer confidence are directly correlated.
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