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Click On Picture To See Larger PictureChina is in a debt bubble, buckle up its going to get bumpy. Mortgage applications are dropping. People cannot afford homes. Janet Yellen says cost of living has always been high, the question is why? Three things happened in the past that brought us into a recession and its happening now. The [DS] is panicking over [KH], they know she is weak and she will not be able to beat Trump. [BO] says they have time are they getting ready to have [KH] become the Acting Resident to get a bump. Will they swap [KH] at the last minute, Trump says since the interview was edited she should be removed from the campaign. Trump lets everyone know who the enemy from within is.

 

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Economy

https://twitter.com/KobeissiLetter/status/1847023935981817908

 Non-financial corporates have the highest ratio, at 171%, followed by the government sector, at 86%. Households and financial entities' debt-to-GDP is 64% and 45%, respectively. Stimulus won't solve China's debt crisis.

https://twitter.com/KobeissiLetter/status/1846942676068749456

  week, with the 30-year fixed rate reaching 6.52%, the highest since August. On top of that, the mortgage purchase applications recorded its worst September since 1994. As a result, the mortgage demand index is down ~60% since the January 2021 peak and sits at near the lowest level in 29 years. Mortgage demand is still collapsing.


Los Angeles Has The Highest Home Price-To-Income Ratio In The US 





 But which U.S. cities are the least affordable?




Housing Affordability Worst in Coastal U.S. Cities
Below, we show the home price-to-income ratio, median home price, and median household income, for 54 large cities in the United States of America.




Rank
City
State
Price-to-income
Median home price
Median household income




1
Los Angeles
CA
12.5
$953,501
$76,135


2
San Jose
CA
10.5
$1,406,957
$133,835


3
Long Beach
CA
10.3
$825,502
$80,493


4
San Diego
CA
9.9
$994,023
$100,010


5
New York
NY
9.8
$732,594
$74,694


6
Miami
FL
9.2
$558,873
$60,989


7
San Francisco
CA
9
$1,236,502
$136,692


8
Oakland
CA
8.4
$780,188
$93,146


9
Boston
MA
8.3
$718,233
$86,331


10
Seattle
WA
7.3
$847,419
$115,409


11
Portland
OR
6.5
$524,870
$81,119


12
Denver
CO
6.4
$563,372
$88,213


13
Tucson
AZ
6.4
$327,123
$51,281


14
Washington
DC
6
$610,180
$101,027


15
Austin
TX
6
$533,719
$89,415


16
Nashville
TN
6
$432,592
$71,767


17
Aurora
CO
5.9
$483,228
$81,395


18
Sacramento
CA
5.9
$472,412
$80,254


19
Las Vegas
NV
5.9
$407,969
$68,905


20
Raleigh
NC
5.8
$434,407
$75,424


21
Fresno
CA
5.8
$370,798
$64,196


22
Colorado Springs
CO
5.7
$449,123
$78,568


23
Phoenix
AZ
5.6
$422,001
$75,969


24
Mesa
AZ
5.5
$434,369
$79,496


25
Charlotte
NC
5.3
$391,750
$74,401


26
Bakersfield
CA
5.3
$380,862
$72,017


27
Tampa
FL
5.3
$375,241
$71,089


28
Albuquerque
NM
5
$321,411
$64,757


29
Virginia Beach
VA
4.7
$391,244
$83,245


30
Atlanta
GA
4.7
$390,373
$83,251


31
Dallas
TX
4.7
$307,990
$65,400


32
New Orleans
LA
4.6
$241,369
$52,322


33
Arlington
TX
4.5
$315,222
$70,433


34
Houston
TX
4.4
$264,626
$60,426


35
San Antonio
TX
4.3
$253,762
$58,829


36
Minneapolis
MN
4.2
$312,872
$74,473


37
Fort Worth
TX
4.2
$302,359
$71,527


38
Jacksonville
FL
4.2
$294,