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News & Articles By Belle Carter
10/27/2022
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By Belle Carter
Mortgage rates surge to 20-year high, causing massive drop in home sales
The 30-year mortgage rate is now at 20-year high 6.94 percent, according to finance company Federal Home Loan Mortgage Corporation’s (FHLMC) latest weekly survey. As per FHLMC, also known as Freddie Mac, the 30-year mortgage rate was at 6.92 percent last week and only 3.09 percent on average last year. The report further indicated that […]
10/26/2022
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By Belle Carter
Shipping cost from Asia to US West Coast drops 84% year-over-year as consumer demand plunges
The current season is turning to be a dull one for the transportation-logistics industry as economic activities in the ports of Los Angeles and Long Beach in Southern California, the heart of U.S. supply chain congestion, began to dampen. This led to a massive drop in the cost of shipping containers. In September 2021, the average […]
10/17/2022
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By Belle Carter
Bank of America warns: US economy could lose 175,000 jobs a month next year due to Fed’s inflation policies
The Bank of America (BofA) has warned that the U.S. could lose close to two hundred thousand jobs a month next year due to the Federal Reserve’s policies on battling inflation. President Joe Biden’s regime still added 263,000 jobs despite American employers slowing down and freezing hiring processes in September. According to the Bureau of Labor […]
10/13/2022
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By Belle Carter
B-Alert News with Bishop Leon Benjamin: Fall of US money system is God’s prophecy coming true, says Bo Polny – Brighteon.TV
The looming collapse of the U.S. financial system is a fulfillment of God’s prophecy as outlined in the book of the Prophet Daniel, according to markets analyst Bo Polny. “We’re not watching, experiencing and witnessing Daniel 2 come to fruition,” he told Bishop Leon Benjamin during the Oct. 10 episode of “B-Alert News” on Brighteon.TV. […]
10/11/2022
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By Belle Carter
Home buyers hesitate as US mortgage rates soar to 16-year high
More Americans are hesitating to get a housing loan as mortgage rates hit 6.75 percent – the highest in 16 years. The rate hike serves as another blow to a population already haunted by inflation and economic woes. Based on data released Oct. 5 by the Mortgage Bankers Association, the contract rate on a 30-year fixed […]
10/11/2022
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By Belle Carter
Americans suffer most severe pay cut in 25 years due to inflation
Americans are taking the most severe pay cut in 25 years when adjusted for inflation. “We find that a majority of employed workers’ real (inflation-adjusted) wages have failed to keep up with inflation in the past year,” the Federal Reserve Bank of Dallas. “For these workers, the median decline in real wages is a little more than […]
10/07/2022
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By Belle Carter
Inflation continues to hurt Americans despite Biden’s claim of strong economic recovery
Inflation has been continuously hurting Americans from all walks of life that even renting to own furniture, appliances and electronics has become difficult for middle-income people. Rent-to-own company Rent-A-Center (RAC) attested to this, lowering its third-quarter guidance on Sept. 27. Mitch Fadel, CEO of the Plano, Texas-based firm, cited economic conditions – including inflation – for RAC adjusting […]
10/06/2022
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By Belle Carter
China is winning the economic war while watching West self-destruct, Bill Holter tells Mike Adams
Writer and precious metal specialist Bill Holter shared what he thinks is China’s winning formula in the worldwide economic war during his recent guesting at the “Health Ranger Report” podcast. “The best way to win a war without ever firing a shot or doing anything aggressive is to let your enemy destroy themselves,” Holter told host Mike Adams, referring to […]
10/04/2022
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By Belle Carter
Survey reveals 29% of Americans are withdrawing their savings to cover basic costs of living
A recent edition of Forbes Advisor-Ipsos Consumer Confidence Weekly Tracker revealed that 29 percent of U.S. consumers have been raiding their savings and not replenishing them as the U.S. economy continues its decline. The report found “a significant increase in the number of Americans who are withdrawing from their savings more than usual and investing or […]
10/04/2022
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By Belle Carter
Survey: 79% of Americans NOT satisfied with the way things are going in the US
A recently concluded poll found that 79 percent of Americans are not happy with the direction the country is headed as opposed to the 21 percent who say they are satisfied. Consulting and global research firm Gallup released last week the September 1-16 survey data. Out of the 20 categories of potential issues listed in the […]
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