- $1 trillion in credit card debt August 08, 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 [Americans have accumulated over $1 trillion in credit card debt]( in less than a week, with outstanding balances reaching $1.03 trillion in the second quarter. Despite economic challenges, increased debt seems manageable due to cautious lending practices, but concerns arise with the potential end of the student loan payment pause. [Philadelphia Fed President Patrick Harker suggests]( the Federal Reserve could maintain steady interest rates, citing positive economic data and bank discussions. Harker believes previous rate increases are aiding in lowering inflation, indicating a patient approach to monetary policy moving forward. [In 2023's first seven months, the US economy defies predictions]( with growth and a resurgent stock market. Inflation falls, home prices hold despite high mortgage rates, and spending continues. Yahoo Finance Chartbook reflects these trends but also a lurking unease, as investors eye credit spreads, indicators, Fed actions, and consumer shifts. The corporate trend of AI subtly underscores these themes, capturing the elusive investor consensus. ð Hot or Not? [Amid 7% mortgage rates and rising home prices,]( 82% of consumers deemed it unfavorable to buy a home in July, up from 78% in June, as per Fannie Mae's Home Purchase Sentiment Index, influenced by high prices and mortgage rates. [Housing inventory hits historic lows, impacting the US housing cycle](. Buyers increase, but supply shortage due to low existing home numbers. Homebuilders thrive as people opt to build. Mortgage rates near 7% deter trade-offs, potential for recovery hindered. Yun suggests rate drop would boost demand and supply. [In 2021, 7.9 million Americans moved to different states.]( Identified top metros with high out-of-state homebuyer interest. Affordability drives this trend, as buyers seek bargains in the South and Midwest. High prices and mortgage rates deter coastal city choices. Data collected from over 900 metros determined the list. Crypto Chronicles ð¥ [On Tuesday, cryptocurrency markets are surging due to a significant drop]( in global government bond yields following disappointing Chinese trade data for July. This rise comes after PayPal's announcement of a stablecoin launch. Bitcoin increased by 3% to reach $29,910, driving a 2.7% rise in the CoinDesk Market Index (CMI). Solana (SOL), Toncoin (TON), and Chainlink (LINK) also recorded gains over 4%. [Mega Dice is making strides in crypto casino adoption]( by introducing the world's first licensed crypto casino accessible through the Telegram app. This innovative move takes advantage of blockchain's transparency and trust aspects, setting a higher fairness standard in the industry. Despite [Stake.com]( being the largest crypto casino globally, estimated to earn $2.6 billion in 2022, Mega Dice's Telegram casino is surpassing it in targeting the gambling audience. [On August 7, Cathie Wood, CEO of ARK Investment Management](, revealed in an interview that the US Securities and Exchange Commission (SEC) could potentially grant approval for several spot-Bitcoin exchange-traded funds (ETFs) simultaneously. This contrasts with her earlier anticipation of her firm being the first to receive approval for this highly anticipated financial product. Wood suggested that the SEC might approve multiple Bitcoin ETFs at once, signaling a potential shift in regulatory approach. ð¸ Money Moves ð° [These 7 companies hire remote workers]( and help pay off student debt [Soft landing vs. mild recession:](What advisors are telling their clients about the economy [As credit card debt tops $1 trillion for the first time](, âa huge testâ for cardholders is coming 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!](
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