Independent thinking for complex markets and current events
Interesting that the ‘usual’ boomer toys (convertibles and coupes) are holding up the best. Only in America would people sign up for one or multiple >$1,000 a month car payments. Car market is large risk that not many talk about. — Don Johnson (@DonMiami3) August 13, 2023
Rents in Manhattan hit a new high in July, as higher interest rates and low supply continued to drive up prices. The average monthly rent in July was $5,588, up 9% over last year and marking a new record. Median rent, at $4,400 per month, also hit a new record, along with price per square …
Alarming Financial Stats of 2023: – U.S debt at record high – Interest expense on U.S debt to reach a record $1 trillion annually– Credit card debt at record high – Average credit card interest rate at a record 20.69% These are records we don’t want to be setting 🙈 pic.twitter.com/B5Aoaj4FFV — Genevieve Roch-Decter, CFA (@GRDecter) August 2, …
For the first time in history, total credit card debt is about to cross $1 trillion. Since Q4 2020, total credit card debt is up over $200 billion. Americans currently hold a record $986 billion in credit card debt. 2/7 pic.twitter.com/L2cfwDWWEY — The Kobeissi Letter (@KobeissiLetter) August 1, 2023 According to a survey conducted in …
via justthenews: The Great Lakes states, let alone the nation, don’t have the infrastructure necessary for the transition to electric vehicles, a car search and research company reported. BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group and Stellantis NV announced Wednesday they’re collaborating to install 30,000 high-powered charge points in urban and highway …
Meanwhile, numerous politicians continue to trade. Follow their trades at https://t.co/iZcT1t1j6d — unusual_whales (@unusual_whales) July 31, 2023 Campaign finance charges on Sam Bankman-Fried of FTX have been dropped. This is unusual. He gave millions to politicians. And there wasn't a list of who which politicians and groups he gave money to. Until now. See it …
Gas prices in the US have surged to an eight-month high after foreign suppliers slashed production, and experts are warning that a hurricane in the Gulf of Mexico could trigger further increases. On Friday the national average price of regular gasoline stood at $3.73-a-gallon, a sharp increase from $3.55 one month ago, though still well …
by DesmondMilesDant Why do those years sound so familiar… Oh right! 1929: The first crash of the Great Depression 1970: Dawn of Stagflation 1987: Black Monday Naw just has to be coincidence right? Right? Dow officially has the longest daily win streak since 1987. Ultra bullish. pic.twitter.com/3mLedordLU — Mac10 (@SuburbanDrone) July 26, 2023 13 straight …
A new Center for Immigration Studies video report highlights Texas Governor Abbott’s “Operation Hold the Line”, which has state police and National Guard block immigrants at the Rio Grande River’s edge, and President Biden’s undermining of the state’s efforts to enforce the laws. https://cis.org/Video/Cold-Border-War-Breaks-Out-Between-Abbotts-Texas-and-Bidens-White-House The border agents are making on average $105k a year. https://mint.intuit.com/salary/border-patrol-agent …
by pman6 People like to focus on YoY inflation compared to previous year, ignoring 2-3 years ago. Things went from relatively stable 2-3% yoy inflation prior to covid, to a quick jump during 2021-2023. So cpi July 2021 was 5% over July 2020, July ’22 was 9% over 2021. July ’23 will be 3% over …
by Dismal-Jellyfish https://www.newyorkfed.org/medialibrary/media/research/snapshot/Snapshot_July2023.pdf Overview of the July 2023 Snapshot GDP growth slowed: Q1 GDP was about .5% below what it would been if since Q42019, it grew at a rate close to long-term forecasts. Consumer real spending on services up 2.6%—still greater then 2%… Average hourly earnings up 4.4% in June. The employment-to-population ratio for …
Options traders are loading up on contracts that will jump in value should equities see a big drop NEW YORK, July 12 (Reuters) – Options traders are taking advantage of muted U.S. stock market gyrations to load up on contracts that would jump in value should equities see a big drop, boosting the number of …
What Fintwit sees: Powell successfully bringing us disinflation What the Average American sees: Everything is still way too expensive pic.twitter.com/OQ8yZDLOPO — Amy Nixon (@texasrunnerDFW) July 12, 2023 CPI heat map. Additionally, they have changed the way this metric is calculated, in an effort for it to APPEAR to be better. pic.twitter.com/6DccZPmuoX — Wall Street Mav …
Average credit card interest rate hits new record high 22.2% pic.twitter.com/1RcUKBNGP3 — zerohedge (@zerohedge) July 10, 2023 The US 30-year #mortgagerate has spiked to a new high of 7.38%. This is the highest level in more than 22 years. It does not require rocket science to figure out that the spike will have a massive …
Housing Bubble 2.0 is bursting, & the wipeout of fake “value” created by fake money is going to be epic. via dailymail.co.uk: House prices in Britain fell at the fastest annual rate in 12 years in June, latest figures show. Halifax said the annual fall of 2.6%, equating to around £7,500 being wiped off the …
NEW month, NEW record. Average auto loan rate on a new car: 8.99% APR 🥵 Absolutely bonkers. (via dealertrack) — Car Dealership Guy (@GuyDealership) June 20, 2023 Car prices were also >50% lower… — Car Dealership Guy (@GuyDealership) June 20, 2023 h/t Simian_Stacker
BREAKING: Median asking rent for a US home rises 1.4% in May to $1,995/month. Meanwhile, the average new car payment is now $800/month. On top of this, the average American is paying $430/month in credit card debt. This means the average person is now paying $3,225/month for… — The Kobeissi Letter (@KobeissiLetter) June 12, 2023 …
I’d like to see a study about how much taxes europeans would have to pay if they had to support their own armed forces instead of the US having to do it for them. h/t KlutzyArmy2
