From Joe
Everything You Need to Know About Money is Now at your Fingertips
I've created a library of training material to teach you how money works so that you can make more money and protect it.
It's more important than ever to understand how to allocate your portfolio to eliminate risk. How to use the advanced options strategies that professionals use to hedge, produce income, and make low-risk trades with huge payoffs. How to get out of debt fast. How to pick the best stocks and make sure you are buying them at a great price.
Members of Heresy Financial University get all of this, and more. As a member you'll get access to every course in the library of training material, and you'll get automatic access to every future course I launch as well.
There's never been a time where financial education is more important. Don't wait any longer, sign up today.
News
US 30-Year Mortgage Rate Slides to 6.67%, Lowest Since June
Mortgage rates in the US continued their slide, dropping to the lowest level since June and bolstering hopes for a housing rebound in the new year. The average for a 30-year, fixed loan was 6.67%, down from 6.95% last week, Freddie Mac said in a statement Thursday. Borrowing costs have fallen each week since peaking at 7.79% in late October. The decline is welcome news for would-be homebuyers who’ve been postponing purchases in one of the least-affordable housing markets on record. Many economists expect demand for homes to increase and mortgage rates to slip further as the Federal Reserve winds down its inflation-fighting campaign.
Rothbard and Mises vs. Calhoun on the Natural Right to Secede
There are many reasons to support the breaking up states into smaller pieces. This is done via secession, and acts of secession produce smaller states. All else being equal, smaller states tend to be richer and they tend to have lower taxes. They tend to exercise less power over the resident population—because it's easier for people to escape smaller states than larger ones. Moreover, setting these tangible and practical considerations aside, secession may also be desirable simply as a matter of freeing minority populations from the control of a larger dominating majority.
US new-vehicle sales to rise 13% in December on discounts, inventory - report
U.S. new-vehicle sales are expected to rise about 13% in December from a year earlier, driven by strong discounts and vehicle availability, industry consultants J.D. Power and GlobalData said in a joint report on Thursday. Total new-vehicle sales, which include retail and non-retail transactions, are estimated to reach about 1,396,700 units in December, a 13.2% increase from a year ago, according to the report. The automotive industry is set to enjoy a robust year as total sales were just under 15.5 million, a significant 12.8% increase from last year's sales, the report said. Inventory levels are also currently at their highest since the early spring of 2021, leaving dealers and automakers scurrying to make way for new models, which are set to pour in by January.
Container prices hit $10,000, freight inflation soars in Red Sea chaos
With the Red Sea diversions by shipping companies including Maersk continuing amid the risk of attacks by the Houthis, global logistics managers are faced with a two-front storm of rising ocean and air freight prices and stranded cargo. Both are threats to the global supply chain after three tumultuous years of inflationary pressures and delays from Covid disruptions which recently seemed to finally have been vanquished. The ceiling in ocean freight prices shot up in a matter of hours on Thursday as a result of more vessels diverting from the Red Sea.