Independent thinking for complex markets and current events
IMF forecasts, Canada will be fastest growing economy in G7 in 2025 🤣 https://t.co/lU8nK2w8Vb — Financelot (@FinanceLancelot) August 13, 2024 Interesting, to see this data. People in the UK should be asking their leaders, why the low growth? pic.twitter.com/9ZQkAkKRUS — floridanow1 (@floridanow1) August 13, 2024
US Supercore inflation increased 5.0% year-over-year in May, its highest level since April 2023. Supercore inflation is a key metric the Fed follows which includes core services inflation less shelter. Over the last 8 months, it has seen a significant increase from ~3.8% in October. This is despite core CPI inflation declining to 3.4% year-over-year …
The over-7% mortgage rates seem to have become a fixture in the housing market. The average conforming 30-year fixed mortgage rate edged up to 7.07% in the latest week, and has now been above 7% since early April, according to the Mortgage Bankers Association today. During Rate-Cut-Mania, the average mortgage rate had dropped to 6.76% …
The US Treasury grapples with dwindling cash reserves, teetering on the brink of a debt crisis as tax day’s boost fades into obscurity. With just $45 billion remaining before hitting the theoretical limit, the nation faces an imminent surge in national debt, signaling turbulent times ahead for the economy. April’s tax day influx of $250 …
Global crypto funds just recorded 3 consecutive weeks of outflows for the first time ever. Over the last 3weeks, total crypto fund outflows were $767 million. Last week alone, ~$435 million of crypto assets were removed from these funds, the most since late March. The majority… pic.twitter.com/ltVY6gce2K — The Kobeissi Letter (@KobeissiLetter) April 29, 2024 …
That's a whole lot of construction employees… 🚈 — Don Johnson (@DonMiami3) April 21, 2024 Manufacturing Capacity Utilization w/12mma lag decreased to 78.97% in March pic.twitter.com/wv8uiHAuqE — MacroEdge (@MacroEdgeRes) April 21, 2024 Intriguing. pic.twitter.com/jY5G19CaT0 — Don Johnson (@DonMiami3) April 21, 2024 h/t DesmondMilesDant
The U.S. Federal Aviation Administration (FAA) is investigating a Boeing whistleblower's claims that the company dismissed safety and quality concerns in the production of the planemaker's 787 and 777 jet. Read more: https://t.co/6JOFWmU0m3 — unusual_whales (@unusual_whales) April 10, 2024
It ain’t over, folks. While much fanfare has been made about the emotional effects/havoc of Monday’s total solar eclipse and the communication breakdown of Mercury retrograde in Aries , the best/worst is yet to come. On April 20, Uranus — the planet of chaos, freedom, change and lightning — will meet up with Jupiter, the …
California’s fast-food industry is undergoing a major shift with the implementation of a new minimum wage law, set to increase hourly wages for fast-food employees to 20 dollars. This significant hike, amounting to a 25% raise from the previous rate of 16 dollars, has sparked debates and concerns among restaurant owners, franchisees, and consumers alike. …
Anyone else wondering why out of all the days they could have chosen, CERN chose to restart the Large Hadron Collider during the Solar Eclipse on April 8th? pic.twitter.com/9AhTdvGA8c — Champagne Joshi (@JoshWalkos) April 2, 2024 CERN LHC Large Hadron Collider To Fire Up During Solar Eclipse On April 8 “CERN to test world’s most …
33-36" of snowfall in Marquette, Michigan in the Upper Peninsula. Enormous snowfall totals for January let alone the first week of April — nearly unprecedented. The "climate-fueled" snowfall will bury the entire Upper Peninsula. pic.twitter.com/AydOKJHjmA — Ryan Maue (@RyanMaue) April 2, 2024 The massive snowstorm last weekend shoved many northern Michigan cities into record territory …
CERN’s Large Hadron Collider (LHC) is set to commence a crucial experiment on April 8, aiming to uncover dark matter following a two-year enhancement! This facility will propel trillions of protons close to the speed of light, orbiting its 17-mile circumference more than 11,000 times per second. The objective is to reveal dark matter, constituting …
James O’Keefe is retiring After 20 years of doing undercover investigations, I’m sadly announcing I’m stepping away from journalism and will intend to live a private life away from the spotlight. It has been too hard on me. The millions in legal fees, the constant defamation, the psychological toll of being targeted by the government …
The new regulation in Canada removes any legal requirement for continuing care operators to provide a minimum number of hours of nursing care to residents. This means that there is no longer a standard set for the amount of care residents must receive in these facilities. As a result, there is a risk that residents …
The New York Division of Homeland Security and Emergency Management is warning New York State residents of a cell phone outage during the Eclipse. The New York Division of Homeland Security and Emergency Management has a few things they want New York State residents to know. They are getting ready for the influx of people coming …
Leo Eric Varadkar announced on Wednesday that he is soon resigning as prime minister of Ireland – just days after meeting with President Biden in Washington, D.C. At a press conference, Varadkar said he is resigning as president of the Fine Gael Party effective on Wednesday. He said he will also step down from the …
The Supreme Court reportedly will on April 25 hear oral arguments on whether former President Trump is immune from criminal charges in his federal election interference case. The date is being reported by CNBC. The Justice Department’s case is on hold while the high court considers Trump’s argument that an ex-president cannot face charges for official …
JetBlue Airways Gary Leff at ViewFromTheWing.com found that JetBlue had offered to pay 350 pilots half of their maximum hours (or 2/3rds of average compensation) for the month of April to not fly at all. He points out that following the retirement of CEO Robin Hayes, and the entry of investor Carl Icahn, the carrier …
https://tradingeconomics.com/united-states/durable-goods-orders Signs that the economy is slowing down. Fed plan is working, now they have to thread the needle on when to start lowering rates to balance out inflation. h/t Aegidius25
BELL COUNTY, Texas – Bell County, Texas has declared a local state of disaster as it prepares for an influx of visitors for this April’s total solar eclipse. The county where the city of Killen and Fort Cavazos are located is in the Path of Totality, where the moon completely covers the sun. Bell County, …
The 2023-24 term at the Supreme Court will close out regularly scheduled oral arguments with three high-profile disputes over the interpretation of the federal criminal law that is at the center of Special Counsel Jack Smith’s prosecution of former President Donald Trump, the constitutionality of an Oregon city’s law regulating camping on public property, and …
by Michael I am going to share something truly amazing with you in this article, and once again a lot of naysayers out there will dismiss it as a “coincidence” that really doesn’t mean anything. But how is it possible that such a vast number of “coincidences” just happen to take place in April 2024? …
The recent decline in China’s Shanghai Composite Index, plummeting below 2,900 and marking a 15% drop from its April peak, raises concerns about the nation’s structural challenges. This significant 28% performance gap when compared to the MSCI World Index (USD) since April underscores a deeper issue at play. While psychological explanations for economic conditions are …
by confoundedinterest17 The Talking Heads said it best. Bidenomics is burning down the housing market. Bidenomincs (or trying to recover from Yellenomics) is responisble for interest rates rising to flight inflation and the collapse of mortgage lending. And she was … Janet Yellen. Mortgage demand (applications) decreased 4.2 percent from one week earlier, according to data from …
https://twitter.com/Barchart/status/1690117530449235968 https://twitter.com/SuburbanDrone/status/1690096400414003200 https://twitter.com/SuburbanDrone/status/1690091076390920193
US job openings fell in June to the lowest level since April 2021, suggesting some softening in demand for workers in an otherwise resilient labor market. pic.twitter.com/fXipTISecT — Cheddar Flow (@CheddarFlow) August 1, 2023
In April, out of the 1.1 million listings on the market, middle-income buyers could only afford approximately 23% of them. Read more: https://t.co/pxwjiRR5xA — unusual_whales (@unusual_whales) July 27, 2023
by confoundedinterest17 Biden loves to brag about Bidenomics, or should I say selective stats like the labor market. But the mortgage market hurts so bad. Mortgage applications decreased 1.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 21, 2023. The Market …
