- Consumers are still spending and borrowing July 18, 2023 | [Read Online]( Check this out: - Trend Tracker - Up To Date News and Trends On The Stock Market ð - Hot or Not? - All Your Real Estate Needs ð - Crypto Chronicles - Basically the Avengers of Crypto! How Cool Is That? ð¦¸ââï¸ - Money Moves - Who doesnât wanting to be making money moves? Latest on your Personal Finance. ð Trend Tracker [Bank stocks led the Dow Jones Industrial Average higher]( on Tuesday as stocks extended their recent upswing. Investors digested a stream of quarterly earnings, with Bank of America and Morgan Stanley among those reporting. The Dow was up more than 350 points, or over 1%, in midday trading. [Big banks are reporting that consumers are still spending](and borrowing, even as the Federal Reserve raises interest rates. This suggests that the US consumer is still resilient, despite rising inflation and economic uncertainty. [The Biden administration has discharged $39 billion in student loan debt](for 804,000 borrowers. The debt relief was granted under a one-time payment adjustment for income-driven repayment (IDR) plans. The adjustment counts certain months that were previously ineligible toward student loan forgiveness under IDR plans. In Partnership With Gold Allied Trust To help you take cover FAST the smart way, Iâd like to give you a FREE copy of the NEW 35-page Gold & Silver Info Kit that shows you: - How a little-known IRS exception allows you to move a portion of your savings into a GOLD self-directed IRA â tax-free and penalty-free - Why central banks worldwide are buying up gold by the ton â what it means for you, and how it could impact your financial future - Why Goldman Sachs believes the price of gold could skyrocket to $2,500 (and some are saying HIGHER!) - And so much more If you absolutely refuse to let the actions of Washington and the Fed impact your savings strategy ⦠[>> Click HERE Now to Get Your 100% FREE 35-Page Gold & Silver Kit Now]( Thereâs no cost, obligation or catch. Just a chance to access ultra-valuable and immediately useful information you can use to help hedge against inflation and recession. [Free Gold Kit]( ð Hot or Not? [Home sales in the U.S. are slowing down as mortgage rates rise.]( According to real estate brokerage Redfin, only 1% of the nation's homes have changed hands so far this year. This is down from 19% in 2019, before the pandemic. The slowdown is being driven by rising mortgage rates, which have made it more expensive to buy a home. [The housing market is hot, but there are a number of myths]( about it that are not true. These myths include: (1) Good-credit buyers are subsidizing buyers with bad credit; (2) New homes lose their value faster than pre-existing properties; (3) The housing market is about to crash; and (4) You can't afford to buy a home right now. [Builder confidence in the housing market rose to 83 in July](, the highest level since June 2022. The increase was driven by strong demand for homes, as well as rising prices. However, builders are concerned about rising costs and supply chain disruptions. Crypto Chronicles ð¥ [Binance Coin (BNB) has been facing growing pessimism]( in the crypto derivatives market. The token's futures open interest has declined by over 50% since January, and its spot trading volume has also fallen. This is likely due to a combination of factors, including the recent bear market in cryptocurrencies and regulatory uncertainty in the crypto space. [Reddit's community tokens, MOON and BRICK,]( have surged in price in recent days amid speculation that the company is planning to make changes to its tokenized Community Points system. MOON is up over 170% in the past week, while BRICK is up over 300%. The price increases have been driven by speculation that Reddit will give more attention to Community Points and allow them to be used for more purposes. [Analysts caution that Coinbase faces significant regulatory]( pressure despite Ripple's court win. The SEC's case against Ripple was a setback for the agency, but it is not clear whether the ruling will have a lasting impact on the cryptocurrency industry. Coinbase is still facing scrutiny from regulators in the United States and abroad. ð¸ Money Moves ð° [Biden has a new student loan forgiveness plan,]( and you can join a public hearing on it now [More Americans rejected for loans]( just as they may be feeling tapped out [How interest rates on even the best credit card]( offers can zoom from 0% to 30% You got it! Alright, financial mavericks, it's time to wrap up today's discussion. But fear not, we can keep the conversation going like the true money mavericks we are. Share Financial Maverick Calling all Financial Mavericks! To help out a family and friend in need by sharing this newsletter. Tell you what if you ever wanted to be a Hero, Financial Guru, or a Nice Person this is your time! [Click to Share]( Did today's newsletter hit the spot? ð - [Heck Yeah! Money Moves!](
- [Nah! Was More like Financial Dumpster]( DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. Â [fb]( [tw]( [ig]( Update your email preferences or unsubscribe [here]( © Financial Maverick 19354 Watermark Drive, Suite 202
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