Full Width 
Shortcuts 
Sign Up 
Log In 
Articles 
Reading List More from Seeking Wisdom
Use Insulin wisely Life on Earth started simple. For nearly 2 billion years, tiny single-celled organisms dominated. Then, a lucky accident changed everything. One cell swallowed another, and the swallowed cell became mitochondria, the powerhouse of complex cells. This chance event led to all complex life, including plants, animals, and us. This microscopic accident is…
Woorkeri Raman, a former Indian cricketer and former coach of the India women’s national cricket team, has two non-negotiables. As an offspinner, you must never get cut, and you must never get driven through the covers. Even when Ravichandran Ashwin takes five wickets, Raman will still point out if he got cut or driven off…
We all know avocados are healthy, and coke is bad. Yet we can’t help but gulp down a coke with a plate full of french fries. It takes an enormous amount of energy to break bad habits. I’ve broken bad habits under two conditions: (a) it’s a do-or-die situation, or (b) you have a device…
IPL is one of the greatest entertainments for a cricket lover like me. Chennai Super Kings (CSK) is my favorite team. Ruturaj Gaikwad, the new CSK captain for the IPL 2024 season, lost 10 out of 13 tosses: LLLLWLLLLLLWL. The probability of seeing the sequence LLLLWLLLLLLWL is 0.513 or 0.00012. Unsurprisingly, the odds of seeing…
More in finance
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. mortgage purchase applications index. FOMC Meeting Announcement. No change to policy is expected. Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.
The battle for artificial intelligence supremacy has taken a new turn, and it’s raising major concerns about intellectual property, competition, and the future of AI development.
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 24, 2025. This week’s results include an adjustment for the Martin Luther King holiday. The seasonally adjusted Purchase Index decreased 0.4 percent from one week earlier. The unadjusted Purchase Index decreased 4 percent compared with the previous week and was 7 percent lower than the same week one year ago. emphasis added Click on graph for larger image. The first graph shows the MBA mortgage purchase index. Red is a four-week average (blue is weekly). Purchase application activity is up about 30% from the lows in late October 2023 and is now 8% above the lowest levels during the housing bust. The second graph shows the refinance index since 1990. The refinance index is very low.
Artificial intelligence (AI) is transforming creative industries, but it has also raised serious legal and ethical questions.
Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 1.1% Below 2022 Peak It has been over 18 years since the housing bubble peak. In the November Case-Shiller house price index released yesterday, the seasonally adjusted National Index (SA), was reported as being 77% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 12% above the bubble peak (and historically there has been an upward slope to real house prices). The composite 20, in real terms, is 3% above the bubble peak. The second graph shows the same two indexes in real terms (adjusted for inflation using CPI). House Prices: 7 Years in Purgatory) There is much more in the article!
