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Items tagged with: affordability
All of that will be inflationary, prompting bond markets to raise borrowing #costs worldwide. Forget about rate cuts. Of the five #CentralBanks meeting next week in the United States, Europe, Britain, Australia & Canada, traders bet none will be easing & one - Australia - will be hiking.
#Trump #US #Iran #war #ForeverWars #inflation #economy #affordability #CostOfLiving #oil #energy #geopolitics #MiddleEast
#MojtabaKhamenei statement cont∶
“One point I must emphasize is that, in any case, we will obtain compensation from the enemy. If it refuses, we will take from its assets to the extent we deem appropriate, & if that is not possible, we will destroy its assets to the same extent.”
#TrumpsWar #US #Iran #Israel #war #ForeverWars #Trump #RulesOfWar #law #Congress #WarPowers #geopolitics #MiddleEast #inflation #economy #affordability #CostOfLiving #oil #energy
Higher #MortgageRates could widen that gap even further, making it harder for many households; wealthier buyers & investors are more likely to pay in cash.
The geopolitical tensions driving #energy prices higher are also complicating the outlook for #InterestRates. Expectations that the #FederalReserve might begin cutting rates have faded as #markets worry #inflation could stay higher for longer than anticipated.
#WealthDivide #inequity #economy #affordability #CostOfLiving #housing #Trump
“Investors” accounted for 30.2% of home purchases in 2025, nearly double their share at the start of the #pandemic, according to data from Cotality. A report from Realtor.com found the change wasn’t because of a surge of investor activity, but rather a pullback from traditional buyers who could no longer afford today’s prices.
#WealthDivide #inequity #economy #affordability #CostOfLiving #housing #Trump #trumpcession #recession
The strain in the #housing market has become a key political issue, & #Trump has raised a number of [impractical] ideas for how to address the costs — like introducing 50-year mortgages, barring Wall Street investors from buying single-family homes & directing Fannie Mae & Freddie Mac to purchase $200 billion in mortgage-backed bonds. His admin has yet to follow through on most of them.
#economy #affordability #CostOfLiving #trumpcession #recession
But if the recent uptick continues, #MortgageRates will add to a list of concerns that could keep #home buyers on the sidelines, said Hannah Jones, a senior economic research analyst at Realtor.com.
“Spring feels very uncertain,” Jones said. “This definitely feels like we’re back where we were a year ago: #tariff uncertainty, #economic uncertainty, #geopolitical uncertainty. All of this is making the path ahead seem really unclear.”
#Home buyers have already been struggling with high #prices, as well as rising #insurance & #property #taxes. #MortgageRates were one source of relief, having fallen from much higher levels in recent years. Even at 6.11, rates are well below their recent peak of 7.8% in October 2023, which was the highest level in decades as the #economy was recovering from the #pandemic. Back then the yield on the 10-year Treasury note was approaching 5%.
When the #US & #Israel attacked #Iran, setting off an #energy crisis & raising new #inflation concerns in #FinancialMarkets. The result has been a jump in the yield on government bonds, & falling expectations for #InterestRate cuts later this year. The yield on the 10-year #Treasury note, which acts as a broad reference interest rate that underpins the US #mortgage market, climbed to 4.25% Thursday, up from below 4% before the war began.
#MortgageRates Rise as #Iran #War Ripples Through #FinancialMarkets
#Mortgage are climbing again as new #inflation concerns have roiled financial #markets.
The average 30-year fixed-rate mortgage rate in the #US rose to 6.11%, the mortgage-financing giant Freddie Mac said Thursday, the second week in a row that rates have risen.
#economy #affordability #CostOfLiving #Trump #trumpcession #recession
nytimes.com/2026/03/12/busines…
And across the United States, Canada, Europe, Britain & Mexico, #farmers blanched at the surge in #fertilizer costs.
The widening #war in #Iran has delivered a stunning punch to a worldwide #economy that has already been walloped by a breakdown of the international trading order, war in Ukraine & Trump’s chaotic policymaking.
#TrumpsWar #US #Iran #war #Trump #RulesOfWar #law #WarPowers #geopolitics #MiddleEast #inflation #economy #affordability #CostOfLiving #oil #energy #EnergyCrisis
#Oil Shock’s Tentacles Grip #WorldEconomy: ‘This Really Is the Big One’
Countries already walloped by a breakdown of the international #trade #chaos brought on by #Trump #tariffs, #war in #Ukraine & chaotic #US policymaking are facing lasting economic damage.
#TrumpsWar #war #ForeverWars #law #Congress #WarPowers #geopolitics #MiddleEast #inflation #affordability #CostOfLiving #energy #EnergyCrisis
“All the key measures are moving in the wrong direction.”
Economic growth was much slower at the end of 2025 than data first showed & inflationary pressures persisted at the start of this year, a troubling snapshot of an #economy on unsteady footing before #war with #Iran upended #oil & #FinancialMarkets.
#economy #Trump #inflation #affordability #CostOfLiving #recession
nytimes.com/2026/03/13/busines…
He noted that the price of Russian #oil had been rising since the #war in #Iran started, & that it was likely that the #sanctions relief could be extended indefinitely.
“I do worry that this is effectively the destruction of the oil sanctions on #Russia,” said Mr. Fishman….
#TrumpsWar #US #ForeverWars #Trump #Ukraine #law #Congress #WarPowers #geopolitics #MiddleEast #inflation #economy #affordability #CostOfLiving #energy #EnergyCrisis
…Top #Senate #Democrats assailed the #Trump admin for easing #sanctions on #Russia, saying that it was done to mitigate a #war of Trump’s own making.
“This war has resulted in huge spikes in gas prices for Americans, who are now paying more at the pump than at any point in either of President Trump’s two terms,” they wrote in a joint statement.
#TrumpsWar #US #Iran #law #Congress #WarPowers #geopolitics #Ukraine #inflation #economy #affordability #CostOfLiving #oil
banking.senate.gov/newsroom/mi…
Senate Democratic Leaders Release Joint Statement on Trump Administration's Weakening of Sanctions on Russian Oil in Attempt to Dampen Economic Impacts of Trump's Iran War | United States Committee on Banking, Housing, and Urban Affairs
The Official website of The United States Committee on Banking, Housing, and Urban Affairswww.banking.senate.gov
The other option? Don’t attack #Iran. Idiots.
#Trump Removes #Sanctions on #Russia to Help #Oil Flow Amid Iran #War
The #US on Thursday temporarily lifted sanctions on Russian oil that is currently at sea, allowing it to be shipped to buyers around the world as the Trump admin scrambles to contain #energy #prices that have been soaring because of the war in Iran.
#TrumpsWar #law #WarPowers #geopolitics #Ukraine #inflation #economy #affordability #CostOfLiving
nytimes.com/2026/03/12/us/poli…
"According to Gas Buddy, the national average price for a gallon of regular gas is now up to $3.59 a gallon. This is a 62-cent jump from February 28th.
Largest oil disruption ever in history.
Brent is up 12.5% right now. That is up to 104.30. Crude oil is up 12%."
~ David Shuster
#Trump #Iran #war #oil #gas #economy #prices #affordability
/13
blueamp.co/p/shusters-weekly-w…
Shuster’s Weekly Wrap-Up: Trump’s Iran War Sends Oil Prices Soaring
Trump’s Iran strikes trigger soaring oil prices, job losses, and rising inflation fears. David Shuster breaks down the economic fallout and political chaos.Blue Amp Media
(continued from /19)
"his insistence that tuning the economy to the benefit of a few favored producers is a victory, even if it harms the vast majority of consumers."
#Trump #Iran #war #oil #gas #prices #affordability #economy #MAGA #billionaires #oligarchy #EconomicElites
/20
The Bulwark today headlines its morning report: "Trump to America: Thank Me for Your Gas Bill." Andrew Egger writes:
"[Trump's statement about how *we* benefit from higher gas prices is] an illustration of the exact mindset that led Trump to do so much damage to the U.S. economy even before the war:"
#Trump #Iran #war #oil #gas #prices #affordability #economy #MAGA #billionaires #oligarchy #EconomicElites
/19
thebulwark.com/p/trump-to-amer…
Trump to America: Thank Me for Your Gas Bill
Higher prices = more money, according to the president.William Kristol (The Bulwark)
"According to petroleum analyst, Patrick DeHaan, Americans today will spend roughly $250 million more on gasoline than they did 30 days ago. That’s over $1.5 billion per week."
#Trump #Iran #war #oil #gas #prices #affordability #economy #MAGA #billionaires #oligarchy #EconomicElites
/18
"Trump isn’t even trying to hide it anymore. When he says 'we' make a lot of money, he means oil executives, and he means himself. Because that’s all Trump cares about. How he can put more money in his own pocket and deliver a payout for his billionaire cronies."
#Trump #Iran #war #oil #gas #prices #affordability #economy #MAGA #billionaires #oligarchy #EconomicElites
/17
"Trump, in his latest spiral, just tried to rebrand soaring gas prices as a good thing.
'The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,' he wrote on Truth Social.
Who is 'we?' I’ll tell you who it’s not: the voters who put this guy in office."
~ Brian Tyler Cohen
#Trump #Iran #war #oil #gas #prices #affordability #economy #MAGA
/16
plus.briantylercohen.com/p/tru…
Trump's Soaring Gas Prices are a "Good Thing" for Anyone but You
Trump claims “we” stand to make a ton of money off the war in Iran. But the “we” does not include you.Brian Tyler Cohen
"And so now nearly all tanker traffic there is at an indefinite standstill and there’s a line of about 3,000 boats with some 20,000 crew members stuck."
#Trump #Iran #war #oil #gas #StraitofHormuz #prices #groceries #affordability #economy
/8
"Bad news, weirdos! The Gas prices have surged 20 percent over the past two weeks, after the Strait of Hormuz — which connects the Persian Gulf with the Gulf of Oman and through which 30 percent of the world’s boat-shipped oil and 20 percent of its natural gas flows — was deemed by insurance companies to be too dangerous to allow tankers to go through after the US attack on Feb. 28."
#Trump #Iran #war #oil #gas #StraitofHormuz #prices #groceries #affordability #economy
/7
"Remember how a bunch of low-information voters — that inexplicable some 4 to 6-ish percent of people who also voted for Barack Obama and also Joe Biden, or who previously didn’t vote at all — came out for Trump in ‘24 because of The Groceries and The Gas and The Inflation and the Masculine Penis Insecurities or whatever?"
~ Marcie Jones
#Trump #Iran #war #oil #gas #StraitofHormuz #prices #groceries #affordability #economy
/6
"Seven in 10 Americans say Donald Trump’s tariffs have led to them paying higher prices, according to an exclusive new poll for the Guardian."
~ Lauren Aratani and Andrew Witherspoon
#Trump #Republicans #economy #prices #affordability #tariffs #billionaires #TaxCuts #BigBeautifulBill
theguardian.com/us-news/2026/m…
Seven in 10 Americans say Trump tariffs have cost them more money
Exclusive survey finds negative economic impacts felt across party lines as White House doubles down on tariffsLauren Aratani (The Guardian)
"In a puzzling social media post on Thursday, Trump wrote, 'The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money.” Who is the “we?” Yes, he and his billionaire buddies are making out like bandits, but most of the world will suffer mightily.
Here we are, nearly two weeks in, and what Americans know about this war comes down to this:"
#Trump #Iran #war #oil #gas #economy #prices #affordability
/29
"Racing to respond to the utterly predictable impact of its Iran attack on global oil prices, President Trump made the impromptu policy announcement that the U.S. government would backstop insurers shipping through the Strait of Hormuz, but as the WSJ reports, the administration had little idea what it was proposing:"
~ David Kurtz
#Trump #Iran #war #oil #gas #StraitofHormuz #prices #economy #affordability
/10
morningmemo.talkingpointsmemo.…
Of Course It Did: Trump Tantrum Led to Reversal on Law Firm Appeals
INSIDE: Pam Bondi ... Karoline Leavitt ... Pete HegsethDavid Kurtz (Morning Memo)
"He framed the surge as a positive development while insisting the war is necessary to stop Iran from acquiring nuclear weapons. For Americans paying more at the pump, that message is likely to land very differently. But good for Trump’s wealthy oil baron friends, I guess."
#Trump #Iran #war #oil #gas #StraitofHormuz #prices #economy #affordability
/9
"Instead of expressing concern about rising costs for Americans, Donald Trump posted on Truth Social celebrating the price spikes. In his message, Trump argued that higher oil prices are good because the United States is the largest oil producer in the world and therefore 'makes a lot of money' when prices rise."
~ Ben Meiselas
#Trump #Iran #war #oil #gas #StraitofHormuz #prices #economy #affordability
/8
meidasplus.com/p/thursday-afte…
Thursday Afternoon Updates: Trump Celebrates Higher Oil Prices as Iran War Spirals — 3/12/26
It’s Thursday afternoon, and as we head toward the end of the week, there is a lot happening around the world that you need to know about.Ben Meiselas (Meidas+)