Independent thinking for complex markets and current events
Tomorrow’s inflation report isn’t just another economic release. It might answer a much bigger question. Is this market rally built on earnings… Or built on hope that the Fed will eventually ride to the rescue? That’s what makes this CPI report so interesting. If inflation comes in hotter than expected, it doesn’t just delay rate …
“We don’t sell them our best stuff, not our second-best stuff, not even our third-best… You want to sell the Chinese enough that their developers get addicted to the American technology stack, that’s the thinking” https://www.msn.com/en-us/news/technology/china-reportedly-discouraged-purchase-of-nvidia-ai-chips-due-to-insulting-lutnick-statements/ar-AA1KX76p According to FT, China’s senior leaders found Secretary Lutnick's "addicted to American technology stack" comments “insulting”, leading to policymakers …
ARTIFICIAL INTELLIGENCE SOMETHING BIZARRE IS HAPPENING TO PEOPLE WHO USE CHATGPT A LOT … Power Bot ‘Em Researchers have found that ChatGPT “power users,” or those who use it the most and at the longest durations, are becoming dependent upon — or even addicted to — the chatbot. … In a new joint study, researchers …
https://twitter.com/thebrainrewire/status/1901985703866835347
The U.S. economy is on a collision course with hyperinflation and a currency reset as reckless government spending spirals out of control. Discover why stagflation and hyperinflation are inevitable, what history teaches us about economic collapse, and how you can safeguard your wealth. Learn why physical assets like gold and silver are your best defense …
US Federal debt hit $34.8 trillion for the 1st time in history It has been rising by $1 trillion every 100 days since June Deficit reached a whopping $1.7 trillion in last 12 months with $6.5tn government spending (23% of US GDP) This is a debt crisis👇https://t.co/vlghCZcVsg — Global Markets Investor (@GlobalMktObserv) July 8, 2024 …
via Mike Shedlock Buy Now Pay Later, BNPL, plans are increasingly popular. It’s another sign of consumer credit stress. The office of the Comptroller of the Currency defines BNPL as “loans that are payable in four or fewer installments and carry no finance charges.” They are generally offered to online shoppers at checkout. The New …
by confoundedinterest17 Americans are addicted to gov. And government is addicted to spending (and creating more debt). Let’s look at wage growth for government apparatchiks relative to private sector workers. While wage growth overall was modest, it is government wage growth that is driving it – now at a record high! Source: Bloomberg And on the back …
by confoundedinterest17 You might as well face it, markets are “addicted to gov.” Government monetary interference, that is. Government money printing and massive Federal spending. According to Goldman calculations, $350BN of liquidity (in USD terms) was added in November from the G4 central banks + the PBOC was nothing short of a fire hose. In fact, this was the third …
by confoundedinterest17 Bidenomics new theme song is “Addicted To Gov.” Bidenomics needs lots of Federal spending and borrowing to survive. But all this spending and borrowing is causing rapid price increases and other distortions. The US Federal government just added $600 billion in debt in ONE MONTH. And The Fed’s have borrowed $10.47 TRILLION since Covid in Q1 …
by confoundedinterest17 Housing in the US is simply unaffordable! Under Bidenomics, home prices are up 30% while real weekly earnings growth has been negative for most of Biden’s Presidency. And mortgage rates are up 178% under Bidenomics. Sky-high mortgage rates and still-rising home prices have made it harder than ever to afford a home, especially for …
by confoundedinterest17 Its the 4th of July, American Independence Day from England, but under Biden and The Federal Reserve, Americans are DEPENDENT on debt and Federal spending. In other words, Americans are addicted to gov. First, Bankrate’s 30-year mortgage rate index is up 150% under Biden. You can see the rapid rise in mortgage rates started …
Do you think 500k people watched this? She does make the Moon Pal look comfy but 500k? What do you think? pic.twitter.com/Q0JpZXRh5J — John Fio (@johnhfio) June 19, 2023 How convenient of a stance when all the users are literally not real. — John Fio (@johnhfio) June 18, 2023