Food: Grow garden, storable food.
Water: Harvest, well, spring.
Income: Start eCommerce business, side hustle.
Skills: Take courses.
TOPICS AND TIMESTAMPS:
Middle Class Takes A Hit 0:00
The Inflation They Hide 1:19
Economic Drag 5:32
Be Prepared 11:52
Markets soared, but what was the catalyst? Did you notice?
Stocks have been rising for a month: Anticipation of a Fed Pivot.
No supporting evidence for pivot whatsoever. But this is just based on hope.
If you truly believe and trust the Fed, then it’s time to go all in 100% leverage everything.
If you take a more cautious approach, you must reevaluate the business cycle.
Mortgage demand drops to a 22-year low as higher interest rates and inflation crush homebuyers
Surging inflation and interest rates are hammering American consumers and weighing on the housing market.
Mortgage demand fell last week, hitting the lowest point since 2000, according to the Mortgage Bankers Association.
Buyers have lost considerable purchasing power as rates have almost doubled since earlier this year.
The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers.
Mortgage demand fell more than 6% last week compared with the previous week, hitting the lowest level since 2000, according to the Mortgage Bankers Association’s seasonally adjusted index.
Applications for a mortgage to purchase a home dropped 7% for the week and were 19% lower than the same week in 2021. Buyers have been contending with high prices all year, but with rates almost double what they were in January, they’ve lost considerable purchasing power.
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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.
#recession #inflation #investing
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