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When the G20 pledges of $100 billion of SDR recycling materialize, there will no doubt be much self-congratulatory celebration. But the celebrations will be meaningless if the SDRs do not make their way to the low- and middle-income countries (LMICs) that need them. Will we be able to tell if the SDRs are hitting their mark? At this stage it seems most of the recycled SDRs will flow through the IMF’s Poverty Reduction and Growth Trust (PRGT) or Resiliency and Sustainability Trust (RST). As we have noted elsewhere, tracking SDRs is akin to tracking Bigfoot—you can see the prints but rarely ...

SavingAdvice.com Blog Housing Market Peaking? Home sales continue at record levels. However, prices show signs of easing — indicating a slightly more buyer-friendly market.  “Even though homes continue to sell faster in what is solidly a sellers’ housing market in most areas, another jump in the number of new sellers compared to a year ago has caused some of our weekly metrics to take a tiny step in a more buyer-friendly direction,” writes Danielle Hale, chief economist for Realtor.com. “Home price gains eased this week although they continue to grow at a double-digit pace. On top ...

SavingAdvice.com Blog Surge in Municipal Bonds Municipal Bonds have never been sexy unless you like steady tax-free income. Interest from munis is free from federal and state taxes if you are a resident of the state where the bonds are issued. President Biden’s planned tax hikes have been credited with sending more money into munis. That has resulted in higher returns. In fact, municipal bonds have outperformed treasury bonds for seven straight months. More To Come With more cash pouring into municipal bond mutual funds, most analysts see strength in the market. In a March report, Bank of A...

Rental car prices skyrocket while copper is entering a boom, employment fraud is increasing and video game stock prices have declined.