Month: August 2023

In the year ending 3/23, foreigners spent $53.31 billion buying U.S. homes, the sixth straight annual decline, and the lowest level since at least 2011. Foreign sales volume peaked in 2017 at $153.01 billion. From 4/22-3/23, foreign sales were less…

23Q2 GDP growth at a seasonally adjusted annualized rate of 2.4% gives the feeling that a recession is not near. However, in 23Q2 the Conference Board’s index of coincident economic indicators was at a 0.8% annual rate, while the index…

Today, Fitch Ratings downgraded the U.S.’s credit rating by one notch from a pristine AAA to AA+. In 2011, S&P was the first to downgrade the country’s rating from AAA to AA+, and that downgrade caused substantial market ructions. This…