Southern California home prices dipped slightly in January. It’s the third month in a row that prices have fallen, and the eighth time in the last nine months.…
Read more Housing Tracker: Southern California home values sink slightly in JanuarySouthern California home prices dropped again in December, capping off a yearlong skid that saw the average home value in the six-county region drop by more than $7,000.…
Read more Housing Tracker: Southern California home values drop in DecemberSouthern California home prices declined slightly in May compared to a year earlier, the first annual drop since 2023. In May, the average home price across the six-county…
Read more Housing Tracker: Southern California home prices dip in MayWant a house in California? It’ll likely cost you over $900,000. The statewide median sales price for a previously owned single-family house surpassed $900,000 for the first time…
Read more In a first, most California houses sell for over $900,000Peter Schiff, a well-known critic of Bitcoin, recently engaged in a thought-provoking discussion about Bitcoin’s value relative to gold. Despite his longstanding skepticism, Schiff has presented a scenario…
Read more Could Bitcoin Ever Skyrocket To $10 Million? Possible, But Based On This ConditionThe U.S. economy continues to grow despite the 5.5% benchmark federal funds interest rate set by the Federal Reserve in 2023. The Fed’s leaders expect their interest rate…
Read more Why Fed rate hikes take so long to affect the economy, and why that effect may last a decade or moreIn the U.S., 516 publicly listed firms have filed for bankruptcy from January through September 2023. Many of these firms have survived for several years with surging debt…
Read more Zombie firms are filing for bankruptcy as the Fed commits to higher ratesShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Some firms sustain their businesses by taking on more debt that they can repay. Economists…
Read more How the Fed fights zombie firmsSome say it’s the fear of stagflation. Some say it’s chaos on Capitol Hill. Some say it’s turmoil in the Middle East. But we all know the real…
Read more Here’s the real reason the stock market is so horrid. And, yes, it’s rather spooky.Mayors in cities across the U.S. want to loosen rules that can slow the pace of office-to-residential conversions. In some instances, cities have offered generous tax abatements to…
Read more East Coast mayors call for more office-to-apartment conversionsEconomists have been forecasting a recession for months, and that looming downturn is one of the most anticipated in U.S. history. But it’s not yet materialized, in part…
Read more Americans are spending big with credit cards. Here’s what that means for the possibility of a recessionThe U.S. personal savings rate remains below its historical average, according to the U.S. Bureau of Economic Analysis. The seasonally adjusted annual rate of personal saving was 4.6%…
Read more Americans are saving far less than normal in 2023. Here’s whyShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Americans started the 2020s with a personal savings boom. The trillions in excess personal savings…
Read more Why Americans are saving less in 2023ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email When members of the Federal Reserve make public statements, investors tend to listen. Over the…
Read more How the Fed affects the stock marketThe Federal Reserve, over its more than centurylong existence, has emerged as a leading force in the stock market. This stature was bolstered by the central bank’s adoption…
Read more How the Federal Reserve affected 2022’s stock market
