Americans' Average Monthly Mortgage Payment Tops $2000 For The First Time Ever

Winning? Do We Need To Understand UBI Submitted by Peter Tchir of Academy Securities Winning? Do We Need To Understand UBI Iran (and the potential for a deal) has continued to move markets. As the 30-year bond rose above 5% earlier this week, we got news that we have a new approach to resolving the conflict – a one-page MOU. Markets (ex-oil) rallied around various “deal” headlines all week. Spider, Bret, and I spent some time discussing this on Friday’s Podcast – The U.S. Proposal to End the War (also available on Spotify...

The Monumental Mistake Of Raising Rates In September Authored by Daniel Lacalle, Three members of the Federal Open Market Committee voted to raise rates in July. However, the Committee held the federal funds target at 3.5%-3.75% by a 9-3 vote. Bank of America, Deutsche Bank, and J.P. Morgan all expect a September hike. Across the Atlantic, the European Central Bank raised rates by 25 basis points in June and is expected to raise them again in September. It would be a monumental mistake. The diagnosis is wrong on both sides of the Atlantic. There...