4.9%, Archives - Citizen Watch Report

Pushed Too Hard By The Fed? Existing Home Sales Drop -4.9% From December As Mortgage Rates Remain Near 7% (Mortgage Rates UP 164% Under Biden!)

February 23, 2025 9:02 am

by confoundedinterest17 Did Jerome Powell and The Federal Reserve push markets too hard? Sales of existing single-family houses, townhouses, condos, and co-ops that closed in January dropped by 4.9% from December, seasonally adjusted, to an annual rate of 4.08 million sales, according to the National Association of Realtors today. This rate of sales was up just 2.0% …

US Real GDP (3rd Try) Soars To Annualized +4.9% (Private Goods Save The Day!)

December 21, 2023 2:01 pm

by confoundedinterest17 The third revision to Q3 Real GDP was a doozy! Based on updated consumer spending, Q3 Real GDP was revised to an annual rate of 4.9%. Real gross domestic product (GDP) increased at an annual rate of 4.9 percent in the third quarter of 2023, according to the “third” estimate. In the second quarter, …

China’s economy at a critical juncture: Q3 growth at 4.9%, Real Estate Market down 81% (2021-2022) and 64% (2023), Shanghai Composite tests 20-year ‘Fate Line.’

December 8, 2023 7:12 am

China’s economy is teetering at a “critical stage,” expanding a modest 4.9% in Q3, below the five percent target. The aftermath of draconian Covid measures persists despite their removal in 2022. Surprisingly, an economic model reliant on debt-fueled construction faces challenges. Ghost cities, idle airports, and vacant skyscrapers showcase the limitations of this approach. China’s …

Prime Minister of Barbados Says Her Country is Owed $4.9 Trillion in Slavery Reparations

October 18, 2025 10:47 pmDecember 7, 2023 9:04 pm

by Chris Black No joke: I’d rather give the money to Barbados than to Ukraine and Israel. It’s not an option to spend the money on our own people, so give it to Barbados. At least they’re probably friendly and good natured, and won’t use the money to murder innocent people. The Guardian: King Charles’s …

The +4.9% GDP growth, amidst worrying economic indicators, prompts a critical inquiry into its underlying source.

October 26, 2023 11:03 pmOctober 26, 2023 10:03 pm

The apparent contradiction of +4.9% GDP growth amid concerning economic indicators raises questions about the true source of this growth. Notably, spiking continuing claims in unemployment and the drop in UPS shares, driven by decreased package demand and a collapse in U.S. demand for cardboard boxes, underscore the uncertainty surrounding the reported economic expansion. With …

Grocery prices rise 3.6%, food prices 4.9%, surpassing overall 3.2% increase of consumer prices

August 15, 2023 9:46 pm

Grocery prices rose 3.6% for the year, higher than the overall 3.2% increase of consumer prices, per CNN. Food altogether, including menu prices, went up 4.9%. — unusual_whales (@unusual_whales) August 15, 2023 Food and Gas Prices Continue to Rise, Putting Strain on Americans’ Budgets Gas prices have risen significantly in recent weeks, according to pricing …