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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,