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Only 1 New Car Model in the United States Cost Less than $20,000
As of July 2023, the Mitsubishi Mirage is the last car model in the United States that can be purchased new for under $20,000. One year prior, nearly a dozen models in the market were…
U.S. Housing Starts Drop to Three-Year Low Amid High Mortgage Rates and Limited Credit Availability
U.S. housing starts hit a three-year low in August 2023 as high mortgage rates and U.S. treasury yields have hindered demand in recent months. Furthermore, builders are experiencing more difficulty accessing affordable financing, with lenders…
Elevated Interest Rates Continue to Threaten Fintech Companies
Following the Federal Reserve’s statement that higher rates are not going away soon, fintech share prices took tumbles in the market. The reason higher rates pose such a challenge for fintech’s is that in the…
Following a Sustained Decline during the Second Half of 2022 and Early 2023, M2 Money Supply has Grown in Recent Months
M2 money supply declined by roughly $1 trillion from July 2022 to April 2023. M2 has recovered from April lows, with M2 money supply up 0.9% (roughly $200 billion) from April 2023 to July 2023. …
2023 Has Seen the Largest January to July Decline in Average New Car Transaction Price in a Decade
The average new car buyer in America paid $48,334 in July 2023. Average new car transaction prices are $1,335 (2.7%) lower than they were at the start of the year, representing the largest January to…
