A Housing Crisis Is Brewing Because 4.3 Million People Can’t Pay Their Mortgages

Over 4 million individuals have not been able to pay their mortgage payments for 30 days or more. The housing market may see additional selling pressure as pressure on homeowners mount. Renters have also been unable to afford payments, putting additional risks on leasers. A staggering 4.3 million people have been unable to make their …

Analysts Are Too Optimistic About the Economy & Stock Market; Here’s Why That’s Dangerous

Morgan Stanley raised its stock market forecast as it expects a V-shaped recovery. But the U.S. economy likely won’t return to normal. A deeper market crash could be coming. The S&P 500 plunged 6% last Thursday as investors fretted the possibility of a second wave of infections. But analysts are still bullish about the U.S. …

U.S. Stock Rally Gets Supercharged as the World Unites Against China

Eight major nations have united in a coalition to counter China and its threat against ‘global trade, security and human rights.’ The battle against China is no longer exclusive to the U.S., as American allies unite. The rallying U.S. stock market is likely to boost with the unified stance of Europe’s biggest economies against China. …

IMF’s Fed Reserve Warning Risks Rattling U.S. Stock Market Rally

The U.S. stock market slightly declined as the International Monetary Fund (IMF) released a statement. The IMF hinted policymakers may not be accurately assessing economic data after the pandemic. With a drop in consumer spending, exports, and business productivity, policymakers have lots of data to process. The U.S. stock market is probably not accurately pricing …

This Crucial Housing Market Stat Has Surged 54% in Six Weeks

A crucial housing market statistic has surged 54% in six weeks after bottoming out in early April. Mortgage applications for home purchases, a proxy for homebuyer demand, have achieved a V-shaped recovery. Economists say the strength in the housing market could help support the broader economy. The U.S. economy may not be able to mount …

Bizarre Stock Market Rally Leaves Wall Street’s Best Billionaires Dumbfounded

Wall Street billionaires have little intention of re-entering the stock market despite its strong rally. Carl Icahn’s failed $1.5 billion bet on Hertz shows why billionaires are cautious. Big cash-buffer at a time like this is necessary to rescue struggling businesses. Carl Icahn is the latest billionaire to be on the wrong side of the …