US Consumers Rattled
U.S. consumer sentiment is plunging against a backdrop of stubbornly high inflation and slowing economic momentum, a survey showed Friday
US weekly jobless claims highest in more than eight months as labor market eases

Around 1 in 37 homes are now worth much less than their remaining mortgage balance, according to new data released Thursday.

Nationally, the share of “seriously underwater” mortgages — meaning homes with an outstanding loan at least 25% more than the market value — rose from 2.6% to 2.7% in the first quarter, per real estate data firm ATTOM.

hm we’ve been down this path before.


There are some economists and agencies that consider it a lagging indicator, or one that changes after another related economic variable changes. Other organizations, such as the OECD, consider it to be a leading indicator.