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We’ve been following what we believe is the crack-up of US family finance. Real wages are falling. Mortgage rates are rising. House prices are beginning to go down.

We’ve been following what we believe is the crack-up of US family finance. Real wages are falling. Mortgage rates are rising. House prices are beginning to go down.
By Bill Bonner,

With roughly a US$1 billion market cap, and a fairly niche investment banking business model, AMTD wasn’t exactly turning heads. By all accounts, it seemed just like any other newly listed small-cap stock.
Block misses estimates as bitcoin impairment bites. Core Lithium appoints new CEO. IHL jumps on acquisition. Read more live ASX news here.

As we guessed last week, the two legs of American middle-class wealth, income and houses, are buckling. It’s still very early…but both seem to have begun downtrends.
By Bill Bonner,
ASX opened higher on Thursday but surrendered gains by market close, ending 0.01% lower as tech stocks rallied.
ASX battery tech metal stocks close higher. Stocks specializing in metals critical for producing EV batteries closed higher on Wednesday.
Investment ideas from the edge of the bell curve.
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The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.
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