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News & Articles By Belle Carter
10/11/2022
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By Belle Carter
Home buyers hesitate as US mortgage rates soar to 16-year high
More Americans are hesitating to get a housing loan as mortgage rates hit 6.75 percent – the highest in 16 years. The rate hike serves as another blow to a population already haunted by inflation and economic woes. Based on data released Oct. 5 by the Mortgage Bankers Association, the contract rate on a 30-year fixed […]
10/11/2022
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By Belle Carter
Americans suffer most severe pay cut in 25 years due to inflation
Americans are taking the most severe pay cut in 25 years when adjusted for inflation. “We find that a majority of employed workers’ real (inflation-adjusted) wages have failed to keep up with inflation in the past year,” the Federal Reserve Bank of Dallas. “For these workers, the median decline in real wages is a little more than […]
10/07/2022
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By Belle Carter
Inflation continues to hurt Americans despite Biden’s claim of strong economic recovery
Inflation has been continuously hurting Americans from all walks of life that even renting to own furniture, appliances and electronics has become difficult for middle-income people. Rent-to-own company Rent-A-Center (RAC) attested to this, lowering its third-quarter guidance on Sept. 27. Mitch Fadel, CEO of the Plano, Texas-based firm, cited economic conditions – including inflation – for RAC adjusting […]
10/06/2022
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By Belle Carter
China is winning the economic war while watching West self-destruct, Bill Holter tells Mike Adams
Writer and precious metal specialist Bill Holter shared what he thinks is China’s winning formula in the worldwide economic war during his recent guesting at the “Health Ranger Report” podcast. “The best way to win a war without ever firing a shot or doing anything aggressive is to let your enemy destroy themselves,” Holter told host Mike Adams, referring to […]
10/04/2022
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By Belle Carter
Survey reveals 29% of Americans are withdrawing their savings to cover basic costs of living
A recent edition of Forbes Advisor-Ipsos Consumer Confidence Weekly Tracker revealed that 29 percent of U.S. consumers have been raiding their savings and not replenishing them as the U.S. economy continues its decline. The report found “a significant increase in the number of Americans who are withdrawing from their savings more than usual and investing or […]
10/04/2022
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By Belle Carter
Survey: 79% of Americans NOT satisfied with the way things are going in the US
A recently concluded poll found that 79 percent of Americans are not happy with the direction the country is headed as opposed to the 21 percent who say they are satisfied. Consulting and global research firm Gallup released last week the September 1-16 survey data. Out of the 20 categories of potential issues listed in the […]
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 […]
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