Independent thinking for complex markets and current events
President Joe Biden’s average job approval rating across his third year in office languished at the lowest point of any U.S. president since Jimmy Carter was in the White House, a Gallup poll released Thursday shows. Biden’s third year extended from Jan. 20, 2023, to Jan. 19, 2024 during which time he had an average …
via Mike Shedlock: Hertz is dumping EVs but the decline in the price of used Teslas started long before that. $2 Billion in Subsidies, Only 2 EV Stations Opened On January 18, I commented $2 Billion in Subsidies, Only 2 EV Stations Opened, the Holdup is Social Justice In yet another example of Biden incompetence, the …
by confoundedinterest17 Bidenomics has cast a gloom over the housing market. Mortgage rates up 130% under Biden while housing prices have soared. For the average American, 2023 was the worst year ever for housing affordability—and now there’s more data to back it up. According to Redfin data analyzed by Creditnews Research, the average U.S. household …
by Ihateshortseller 2015 – 12M 2016 – 16M (39% increase) 2017 – 22.6M (40% increase aka IPO year) 2018 – 28M (21% increase) 2019 – 34M (23% increase) 2020 – 42M (28% increase) 2021 – 47M (10% increase) 2022 – 50M (5% increase) 2023 – 72M (44% increase) $RDFN is growing much faster than Zillow …
https://www.realclearpolitics.com/epolls/2024/president/us/general-election-trump-vs-biden-7383.html
by Stephen Green Colorado’s year-over-year inflation continues to outpace the national rate of 3.1%. While inflation rates in the Denver metro area have dropped to 4.5% in November, down from 5.4% in September, Colorado’s year-over-year inflation rate still surpasses the national average of 3.1%. According to analysis conducted by the Colorado State Initiative (CSI), the average …
via Naturalnews: One of the euthanasia capitals of the world, Canada, is back in the news for the high number of citizens that die throughout the country via assisted suicide every single day. According to the latest figures, 36 Canadians die every single day with the help of a government-approved doctor. In fact, euthanasia is now so …
This is scary. Remember according to DSM-IV criteria,7 an individual is diagnosed with mental retardation if they have significantly below average intellectual functioning, as defined by an intelligence quotient (IQ; measured using a standardized, individually administer/red intelligence test) at or below 70 I took the numbers from these 2 sites. https://www.cia.gov/the-world-factbook/field/birth-rate/country-comparison/ https://worldpopulationreview.com/country-rankings/average-iq-by-country I made a …
Another record credit card debt Collectively, Americans now owe $1.08 trillion on their credit cards, according to a report from the Federal Reserve Bank of New York. Steadily, persistently higher prices have caused consumers to spend down their savings and increasingly turn to credit cards to make ends meet. At the same time, credit cards are one …
I don’t see realty as a human job in 15 years It’s on the way out 1% Redfin feee seems legit — someone from Redfin takes the pics , lists it for you , people shop these homes like Amazon merchandise Or even do it yourself h/t TonyLiberty
First comes the shock to T-Bill yields, then comes the shock to jobless claims. pic.twitter.com/DWIf9dN7S6 — Jeff Weniger (@JeffWeniger) November 1, 2023 This is THE US tightest monetary policy seen since the 1980s Something is bound to break pic.twitter.com/vbr6Y44x3r — Bravos Research (@bravosresearch) November 1, 2023 S&P 500 closed just under the 200D moving average. …
by Mysterious_Comb9550 Using the current average US rent price of $1,372, to match a mortgage payment with a 20% down payment, the home value would have to be around $200,000. Considering that the median home price is currently $410,000, this means that median home would have to drop over 50% to match the average rent. Source:https://t.co/0Jc89FHlmi — …
JPMorgan’s CEO Criticizes Central Banks for ‘Dead Wrong’ Forecasts Jamie Dimon of JPMorgan lambasted central banks for their glaring past forecasting errors, casting doubt on their ability to navigate the looming economic uncertainties. He drew a grim parallel between today’s economic situation and the wasteful 1970s, while dismissing the potential impact of rate …
New inflation numbers are running hot, at 5% on an annual basis. That means prices are up 17% since Joe Biden was installed, making the average American family $7,300 poorer. And analysts are predicting high inflation for years to come. Toss in Biden's green agenda and… https://t.co/qXMifIUTYb — FXHedge (@Fxhedgers) October 20, 2023 $XAU Gold …
Homebuyers today face paying $500,000 more in the course of a 30-year mortgage than they would have done two years ago after rates shot up to 8 percent. Analysis by DailyMail.com found that in 2021, an individual purchasing a $400,000 home would pay just $1,621 each month on their loan. However, today that figure stands …
🚨🚨🚨 The average 30-year fixed mortgage rate hits 8.00% for the first time since 2000. Taking into account mortgage rates, incomes, and house prices, October 2023 stands out as the least affordable month for U.S. housing this century. Spread: 308 bps pic.twitter.com/2MH8BlaXJM — Lance Lambert (@NewsLambert) October 18, 2023 Ladies and gentlemen: Introducing the Nasdaq …
by John-Wetter-2310 If you’re picturing a bunch of bank executives in capes, cackling maniacally as they raise interest rates, you’re not alone. The incredibly sharp rise in mortgage rates has left prospective buyers shocked. In fact, mortgage demand is at its lowest levels since 1995. Why is this happening? Two main reasons: The Federal …
“According to Reuters, the US currently has just 17 days of supply left in the Strategic Petroleum Reserves (SPR). This is roughly half the historical average of ~33 days dating back to 1990. Meanwhile, oil prices are still almost 30% above the target price the US set to refill them. Tomorrow, an OPEC meeting kicks …
Adults should be able to cover rent for a one-bedroom apartment AND groceries. h/t ChefAccurate942
The average family health insurance premium has increased 249% since 2000. Biggest beneficiaries of this massive increase: health insurance companies. UnitedHealth (largest US insurer) is up 4,120% since 2000 vs. 340% gain for the S&P 500. $UNH pic.twitter.com/KveFDbHvXi — Charlie Bilello (@charliebilello) September 28, 2023
The main world aggressor is the USA, not Russia – ex-CIA analyst Over the past 32 years, the United States has conducted an average of eight military operations per year, recalled former CIA analyst Larry Johnson. “Now let’s look at Russia, how long has it spent? Five? And all… pic.twitter.com/Gf6KhCZLmD — Sprinter Press (@SprinterPress) September …
via CNBC: During the pandemic, shoppers splurged on higher-end new cars. Now, given the current high car costs and interest rates, drivers are shifting their focus to less expensive models. Finding one, however, might not be easy. More shoppers are opting for vehicles that fall in the $45,000-$50,000 range, the price point of mid-to-high-trim three-row …
Italy’s new ‘Far Right’ Prime Minister Giorgia Meloni: “I would be the first to throw myself into the water to save migrants AGI – Regarding the issue of migrants, “the point is that we can continue to grab as much as we want, but if we don’t understand that the only way to stop …
American households now have an average of $10,170 credit card debt, as record numbers say they are worried about being cut off from access to loans. Data from the New York Federal Reserve shows nationwide credit card debt swelled by $43 billion in the second quarter of the year – the second largest increase on …
by TonyLiberty Median salary in 1980 was 21k. Now it’s 57k. 1980 rent was 5.7% of income, now it’s 38.7% of income. 1980 median home price was 47,200, now it’s 416,100 A home was 2.25 years of salary. Now it’s 7.3 years of salary.
US records highest credit card debt level at $1.03 trillion, 4.6% increase from Q2, with 20.63% interest rate, 47% cardholders carry monthly balances, and $7,227 average debt, with Connecticut and New York having the highest. ✅ US credit card debt surpassed the one trillion dollar mark and is now at the highest level ever recorded …
"The average worker should feel as if he has been ripped off — and he has," says GMO's Co-founder Jeremy Grantham on wage stagnation in the US. pic.twitter.com/l6IQD64Nuh — Win Smart, CFA (@WinfieldSmart) September 4, 2023
via CNBC: Part time workers will make $21 from currently $15.50. Full time workers will be paid $49 an hour an increase of $7.50 over the contract. Total compensation with benefits will be $170,000. Average base pay before overtime or benefits will be approximately $102,000. The new contract includes pay raises for both part-time and …
Sales of previously owned homes dropped 2.2% in July from June to a seasonally adjusted, annualized rate of 4.07 million units, according to the National Association of Realtors. Sales were 16.6% lower compared with July of last year. Homes sold at the slowest July pace since 2010. This count is for closings, so contracts were …
