But under the headline image there is a more complex reality: strong growth, high profits, however much of the speed is uneven, concentrated, and partly destroyed by currency fluctuations. A new report by McKinsey & Company shows that the banking sector in Africa generated about $99 billion in 2024 and is estimated to reach about … Read more
Last week, President Donald Trump made two ridiculous moves on Iran. He began by threatening to “destroy” Iran’s energy plants unless the Strait of Hormuz was safely opened. He gave a deadline of 48 hours. Then, before that deadline came, Trump backed down. But minutes before he did, the oil markets saw a huge spike … Read more
Mortgage rates are sitting at 6.38%, according to the latest data from Freddie Mac – up slightly from earlier this year, but still lower than last year (in January 2025, rates rose to a little over 7%). (You can see mortgage rates in your area herefrom our marketing partner Bankrate.) So what’s next for mortgage … Read more
Market_Recon_TSP1_KL “A true leader always has something mysterious, which others cannot understand, but which keeps his people happy and breathing.” – President Charles de Gaulle of France Take it twice Your favorite businessman, investor, economist, infantry NCO, hockey player and financial writer are enjoying a meal with someone special on Monday evening. He passed Wawa … Read more
Market_Recon_TSP1_KL “A true leader always has something mysterious, which others cannot understand, but which keeps his people happy and breathing.” – President Charles de Gaulle of France Take it twice Your favorite businessman, investor, economist, infantry NCO, hockey player and financial writer are enjoying a meal with someone special on Monday evening. He passed Wawa … Read more
There seems to have been a change in vibe in the US housing market over the past six months. What started in places like Austin, Texas with falling rents and home prices, seems to have spread to other parts of the country. As you can see in the table below, Austin isn’t the only one … Read more
NEW YORK — US gas prices rose above an average of $4 a liter for the first time since 2022 on Tuesday as the war in Iran pushed up global fuel prices. According to the AAA motor group, the national average for a gallon of regular gasoline is now $4.02 – a dollar more than … Read more
A growing number of Americans are looking for the worst. A recent survey conducted by YouGov found 42% of Americans believe that the country will experience a “complete economic collapse” in the next ten years, while more than a third think that a civil war is likely (1). That level of pessimism reflects a broader … Read more
Market Bottoms The S&P 500 is looking to start in a positive position for the second day in a row, but the market’s biggest problem remains the same: investors are using energy to limit positions. Trump News That Influenced the Future This morning’s hope is due to a Wall Street Journal report that President Trump … Read more
The chairman of the Federal Reserve Jerome Powell gave a strong assessment of the health of the American finances on Monday, telling a Harvard economics group that while the national debt of $ 39 trillion is not immediately dangerous, the way the country is in requires urgent attention from the lawmakers. Powell said during a … Read more