China. Economic catastrophe unfolding
Zerohedge explains why, in great detail too.
Politics in the Zeros
"A republic, if you can keep it." Defeat MAGA
Politics in the Zeros
"A republic, if you can keep it." Defeat MAGA
Category recession
Phoenix fixing its own housing market as foreclosure sales go crazy
In Phoenix, the real-estate market is fixing itself with no help from the government. How? Houses owned by folks who can’t afford to own them are being sold at auction. In some cases, happily, the buyers are then turning around…
A message to all you perkypants out there
We’ve “stopped falling off a cliff.” Oh, sure, sure. Now we’re bouncing down the scree: Housing starts unexpectedly slid 13 percent to an annual rate of 458,000, led by a 46 percent tumble in multifamily starts, which tend to be…
Mothballed condo project in Irvine CA
Calculated Risk, in their first video, shows an empty, never-used condo project in Irvine. The lights are on, but no one is home. Ever. New condos like this are shadow inventory – they are not included in the Census Bureau…
33% of homeowners w/mortgages are underwater
That’s a lot of pain…