Next Week's News
303No events Monday
China Enters the Doom Loop
"China's authoritarian gerontocracy has built a Doom Loop with Chinese characteristics, with over half the economy now crashing."
https://www.profstonge.com/p/chinas-empty-factories
China Enters the Doom Loop
"China's authoritarian gerontocracy has built a Doom Loop with Chinese characteristics, with over half the economy now crashing."
https://www.profstonge.com/p/chinas-empty-factories
Re: News
304The Kobeissi Letter @KobeissiLetter
1d
Homeowners are now spending a record 40% of their gross income on their mortgage. This is ABOVE the 2008 high of 39% and up sharply over the last 2 years. After paying income taxes and mortgage costs, most homebuyers have less than 30% of their income left. This is concerning.
"After paying income taxes and mortgage costs, most homebuyers have less than 30% of their income left."
‘Infinity mortgages’ have arrived that stretch far beyond 50 years.
When George Chalmers looked at how long his mortgage had grown due to rising rates, he saw something he never though he’d see: An infinity symbol where the amortization period should be.
https://archive.ph/Ig4kc#selection-4439.26-4439.93
Japan's trade balance crash
308Japan's trade balance fell back into the red in July with a deficit of 78.7 billion yen ($538 million) as exports dropped for the first time in over two years, raising uncertainty over economic growth prospects, government data showed Thursday.
- These users thanked the author Ogee for the post (total 3):
- Jimmy, boytoy, ChuChu Rocket
Nikkei's 10 year uptrend
309OuchOgee wrote: Thu Aug 17, 2023 3:46 pm Japan's trade balance fell back into the red in July with a deficit of 78.7 billion yen ($538 million) as exports dropped for the first time in over two years, raising uncertainty over economic growth prospects, government data showed Thursday.
Hopefully just a bump in the road. Nikkei is still heading towards 35,000 mark and at an all time high
- These users thanked the author ChuChu Rocket for the post:
- Ogee
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