Fast Facts

Housing Inflation- A Simple Case of Supply and Demand Exacerbated By Low Rates

Housing demand growth is slowing, so why is housing inflation continuing at a steady pace more than twice the rate of the CPI? The answer is simple- tight supply and a mortgage rate subsidy that reduces the effective cost of a house to the buyer, thereby increasing the purchase price that buyers can pay. The initial effective cost of a house…

Wall Street Examiner Exclusives

Disaster In The European Banking System Exposed

Banks Fleeing Banks in Europe - Click to enlarge

ECB data on bank deposits for the Eurozone shows total bank deposits down sharply in July, breaking the uptrend in force since the low in 2014. That’s shocking considering that the ECB just boosted its money printing QE programs. Deposits should be rising steadily in concert with the amount of QE, not falling. But cash extinguishment and capital flight are increasing faster than the ECB can print.