According to Harvard University’s Leading Indicator of Remodeling Activity, Americans will spend $427 billion on home improvement spending this coming July through September. That’s a 20% increase over the same period last year. And it’s the highest rate of increase in decades.But while homeowners are reviewing floor plans and picking paint colors, most are forgetting an essential step: having a conversation with their insurance agent.
The housing market has cooled off a bit after an incredibly hot stretch fueled by the pandemic. That doesn’t mean it’s about to be 2007 all over again. America’s housing market is in far better health today. That’s thanks, in part, to new lending regulations that resulted from that meltdown. There aren’t as many risky loans or mortgage delinquencies, although high home prices are forcing many people out of the market.
In late 2021, Proshares launched the first Bitcoin linked ETF after the cryptocurrency had returned 10,500%. It’s now launching a way to short Bitcoin through an EFT after Bitcoin has lost 66%.
A slowdown is all but certain. But does it turn into a recession? Does it turn into a deeper recession than expected? Does it spill over into credit markets and cause a debt deflation.
Looking back at historical bear markets in terms of length and magnitude.
A standoff between the PGA and an upstart tour backed by the Saudi Arabian government has divided the sport. The short-term future of golf is two Triple-A leagues rolling around in the mud with each other.
Bill Gates share his summer reading list.