October 1, 2022

Southern California home sales crash in warning to rest of nation

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By f mcguire From Newsmax Southern California home sales reportedly plunged in June, falling to the lowest reading for the month in four years. Sales of both new and existing houses and condominiums dropped 11.8 percent year-over-year, as prices shot up to a record high, CNBC reported, citing CoreLogic. The median price paid for all […]

US: Disappointing jobs report makes rate hike less likely this month

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By Joel L. Naroff From Newsmax INDICATOR: August Employment Situation and July Trade Deficit KEY DATA: Jobs: 151,000; Private Sector: 126,000; Unemployment Rate; 4.9% (unchanged); Hourly wages: +0.1%/ Trade Deficit: $5.2 billion narrower IN A NUTSHELL: “Given how robust job gains were in June and July, the August increase was quite decent, but the slower […]