Are America's 129.9 million outstanding retail credit cards with rates of 33% a ticking time bomb? Or is it business as usual?
Money
Goldman Sachs bond leader says inflation bigger threat than recession for now
Today’s softer than expected CPI feels backward looking. Going forward the Fed is likely to face a difficult trade-off as tariff-driven price increases start to feed through to the inflation data. We expect the Fed’s initial reaction to be cautious.
Tariffs pose both inflation and recession risks, complicating Fed cut (dovish) or hike (hawkisk) decisions. Minneapolis Fed president Neel Kashkari skews on side of hawkish pause.
Market experts Larry Summers, Nouriel Roubini, Mohamed El-Erian, and others offer advice and reactions to tariffs
MUST READ: Bridgewater’s Dalio says tariffs are taxes, and lays out first and second order consequences.
The Basis Point is hosting a Close To Home affordability workshop to update lenders & realtors on consumer finance & homeownership trends.
Former Treasury Secretaries Rubin, Summers, Geithner, Lew, Yellen detail “the risks of arbitrary and capricious political control of federal payments” by DOGE
Trump administration ordered Consumer Financial Protection Bureau to stop nearly all work, effectively shutting down agency created to protect consumers after 2008 financial crisis
The big deal about DeepSeek isn't that it's a new AI competitor. It's that it represents lower AI costs for mortgage lenders and other firms.
A budget blueprint prepared by GOP members on the budget committee pledged to stop Biden's "student loan bailout," saying that "our budget resolution stops all forms of these unconstitutional, inflationary, and regressive student loan debt cancellations."
Everyone's eagerly awaiting the Fed's upcoming rate cuts, including mortgage rate shoppers and loan officers expecting rates to drop more. There's just one problem.
The American Dream now costs $4.4 million, which is estimated lifetime cost of getting married, raising 2 kids, buying a home, having new cars, saving for retirement, and going on yearly vacations
These are critical Road House management techniques I learned from watching Patrick Swayze play PhD bouncer Dalton. Learn his Zen rules today.
Strong consumers & stubborn inflation delay rate cuts, but Fed still cuts about 0.75% in 2024
Goldman Sachs buy side betting U.S. commercial real estate near bottom
We think we're going to bump along the bottom for a while, as a lot of these over-levered situations get worked through.
