Month: July 2021

Sharing is Caring! by confoundedinterest17 REAL mortgage rates, defined as the Freddie Mac 30-year rate LESS alternative measures of inflation, vary from -1.189% (based on today’s PCE Deflator YoY) to -13.815% (based on the largest asset in a household’s portfolio, the house, that is the Case-Shiller National home price index YoY). the Then we have the
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Chrissy Teigen and musician John Legend have sold an 8,520-square-foot home in Beverly Hills for $16.8 million. The seven-bedroom, nine-bathroom mansion has been on the market for a year. John Legend and Chrissy Teigen sell their Beverly Hills home for $16.8 million Credit: Anthony Barcelo/Douglas Elliman Listing agent Marshall Peck of Douglas Elliman, Beverly Hills,
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Gabriel Makhlouf, the governor of the Central Bank of Ireland (CBI), has published a blog post in which he shares his views on the digitalization of finance. While echoing concerns expressed by his counterparts regarding cryptocurrencies, the official has also highlighted some of their positives. Don’t Ignore the Positive Elements of Crypto Technology, Central Bank
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Triple-A benchmarks were little changed on Friday while U.S. Treasuries ended the week stronger amid mixed economic data. Muni participants await a new month with growing issuance, but perhaps not quite enough as issuers are hesitant to add more debt before final word from Washington on infrastructure. The net negative supply likely will keep interest
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(Kitco News) The outlook on gold improved after the slightly dovish Federal Reserve Chair Jerome Powell’s comments this week. But can the precious metal sustain this momentum following a double-digit drop on Friday? Analysts told Kitco News to watch the July U.S. employment figures, scheduled to be related on Friday. The Fed’s announcement this week
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Whenever news about the stock market makes the headlines, a new wave of speculation arises about the people who work behind-the-scenes when these market movements occur. Wall Street stockbrokers and traders remain elusive for most people. In fact, they may as well be wizards behind curtains with special powers to influence the economy. And for
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He built the biggest independent advisory firm in the nation, selling wealth management advice through fiduciary planners and making deals to oversee the most retirement plans in the country. Now Ric Edelman, who calls himself “the most highly acclaimed financial advisor” in America, wants to be the face of cryptocurrencies for Main Street and affluent
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Bitcoin (BTC) and most major altcoins seem to be faltering near their respective overhead resistance levels. This suggests that some investors are continuing to sell at higher levels. However, 21st Paradigm co-founder Dylan LeClair said that on-chain data shows “big transfer volumes from over-the-counter (OTC) desks over the last week.” Cointelegraph also recently highlighted a
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The Federal Housing Administration (FHA) today announced an extension of its moratorium on evictions for foreclosed borrowers and their occupants through September 30, and noted the expiration of the foreclosure moratorium on July 31, 2021. The extension is part of President Biden’s announcement on July 29 that federal agencies will use their authority to extend their respective eviction moratoria
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Payments giant Paypal has outlined its plans to expand cryptocurrency services, including via a new wallet “super app,” open banking integration, U.K. expansion, and third-party wallet transfers. “We continue to be really pleased with the momentum we’re seeing on crypto and we’re obviously adding incremental functionality into that,” said Paypal’s CEO. Paypal Reveals Crypto Plans,
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Two types of early retirements have become more and more prominent through the pandemic recovery. Despite the number of job openings reaching the highest level since the Bureau of Labor Statistics began tracking the measure in 2006, labor force participation among those 55 or older continues to decline. This indicates that more people over the
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Key Takeaways Exxon’s upstream segment net income came in above consensus estimates, rebounding sharply from the year-ago quarter’s pandemic-depressed lows. The upstream segment is involved in the exploration and development of oil and natural gas properties as well as the extraction and production of crude oil and natural gas. It benefits from higher oil prices.
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