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34 days ago

Martin Rowson has been drawing for the Guardian since the 1980s; Ella Baron since 2022. In paint and pixels, each is tasked with capturing the chaos and absurdity of our political moment

Photographs a…

4 months ago

Today, in the Calculated Risk Real Estate Newsletter: Lawler: NAR “Fixes” Median Sales Price for July

A brief excerpt:
From housing economist Tom Lawler:

While many folks didn’t notice it, the Natio…

9 months ago

Gangsters chasing submerged bullion in 1940s Australia have not reckoned on a man-eating bull shark patrolling the river above it

Here is a shark attack movie with a period twist: it is set in 1946, a…

11 months ago

Lawler: Some Observations on the Federal Reserve’s Balance Sheet Wind-Down and Reinvestment “Strategy” (Still in Quantitative Easing Mode, Just Less So)

From housing economist Tom Lawler:

From the beginning of 2020 to early June of 2022 the Federal Reserve’s balance sheet more than doubled to an almost inconceivable $8.9 trillion, with almost all of…

Lawler: Federal Reserve Earnings Still Running Negative; No Remittances to Treasury for a While

From housing economist Tom Lawler: Federal Reserve Earnings Still Running Negative; No Remittances to Treasury for a While

The sharp runup in short-term interest rates over the last few years that f…

Lawler: Treasury Secretary Wrongly Says Fed Has Been “Big Seller” of Treasuries

From housing economist Tom Lawler: Treasury Secretary Wrongly Says Fed Has Been “Big Seller” of Treasuries

In an interview last week, Treasury Secretary Bessent said that any plans by the Treasury t…

12 months ago

Earlier, in the CalculatedRisk Real Estate Newsletter on January existing home sales, NAR: Existing-Home Sales Decreased to 4.08 million SAAR in January, I mentioned that the median price typically b…

14 months ago

From housing economist Tom Lawler:

Since September 17th the Federal Reserve has lowered its federal funds rate range by 100 basis points. Below is a table showing Treasury and MBS rates since Septe…

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