Independent thinking for complex markets and current events
Some pretty startling numbers regarding planned layoffs in 2024 according to a recent survey Buckle up. https://t.co/Q5Q0w0rmfA — QE Infinity (@StealthQE4) January 10, 2024 Massive Layoffs Are Coming in 2024 Mass layoffs are in store for 2024, and it might end up affecting nearly half of companies, according to a new poll. That’s the latest …
by confoundedinterest17 Are US financial conditions loose as a goose? Despite resilience in US data, 30Y Yields have plunged back below the 4.00% Maginot Line this morning… Source: Bloomberg The last few weeks have seen US macro data reverse its recent trend of disappointment… Source: Bloomberg The long-end of the curve is outperforming… Source: Bloomberg But, …
The market is literally bullying the @federalreserve – i.e., loosening financial conditions w/ "core" CPI at 2x the @federalreserve's target. This, as @elerianm correctly stated, is what happens when you have a communication problem at the Fed (as we currently do). This is (very)… — Gordon Johnson (@GordonJohnson19) December 21, 2023 Perhaps. But that’s: (a) …
The New York Police Department (NYPD) is grappling with an alarming exodus as more than 2,500 officers have resigned in 2023. This marks the fourth-highest number in the past decade, reflecting a 43% increase from 2018. New York’s Finest continue to bolt from the job at an alarming rate, according to new data obtained by …
As Thanksgiving approaches, the financial markets reflect a robust performance, with the S&P 500 ETF ($SPY) marking an 8.8% increase for the month and a remarkable 20.3% gain for the year. The Nasdaq 100 ($QQQ) outshines, boasting an impressive 47.1% surge. Global stock funds experience a notable influx, attracting around $40 billion in the two …
by Michael The seemingly endless drought in the heartland of America is not going to be good for food production. For years, I have been relentlessly warning my readers that Dust Bowl conditions would return to the middle of the country. And now, Dust Bowl conditions have returned to the middle of the country. In …
Here’s a map of notable store closures in downtown San Francisco. As foot traffic has declined and theft has grown, stores are closing down. Yet another sign of the pain consumers are feeling from inflation. Follow us @KobeissiLetter for real time analysis as this develops. pic.twitter.com/CKf75xUiB9 — The Kobeissi Letter (@KobeissiLetter) August 30, 2023
Credit conditions are likely to worsen in H2 2023 Commercial bank deposits have been contracting sharply, pointing to a decline in lending pic.twitter.com/L2HRt5ZT1n — Bravos Research (@bravosresearch) August 30, 2023 High bond yields imperil America’s financial stability Don't forget, $140 billion in OCE loans by these banks are required to be paid back to the …
The Biden Administration announced intent to refill reserves almost a year ago. A target price of $67-$72 per barrel of crude oil was established. Currently, we are almost 20% above that level. A major issue. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) August 5, 2023
Credit Crunch Alert! Rejection rate for Americans applying for credit – whether it’s a mortgage, new car loan, or a credit card – increased to 21.8%, the highest level since June 2018. Borrowing money is getting tougher, folks! — Genevieve Roch-Decter, CFA (@GRDecter) August 2, 2023 https://t.co/KWFwz5TumF — Genevieve Roch-Decter, CFA (@GRDecter) August 2, 2023 The …
The European Central Bank just raised rates for the 9th consecutive time Inflation in Europe is still 5.5% Rates are now at a 23-year high in Europe: pic.twitter.com/YSpUeBSw1H — Genevieve Roch-Decter, CFA (@GRDecter) July 27, 2023 Business credit conditions in the EU at 2008 levels ⚠️ pic.twitter.com/uH6x9eiT1E — Longview Economics (@Lvieweconomics) July 27, 2023 Home …
by DAVID HAGGITH It always rains in Washington, even during extreme droughts. In yesterday’s editorial, I wrote about the “emergency drought” Gov. Jay Inslee’s Dept. of Ecology declared over parts of Washington State, including particularly the county I live in, telling what a lie that declaration and the stories about it were. My county was, in …
Darth Powell knows: This is the result of economic and social terrorism caused by the elite/donor class and Federal Reserve. Rewarding the most worthless, least productive members of society (asset price speculators) over actual production/innovation. https://t.co/UhRkGnrXJL — Darth Powell (@VladTheInflator) July 25, 2023 How long can the Fed & its PE accomplices delay the inevitable? …
https://twitter.com/FinanceLancelot/status/1679903651026829346 “In June of this year, many major Texas counties have either reached or surpassed pre-pandemic levels in terms of posting counts and completed foreclosures” The confluence of extremely bullish conditions we saw for housing in 2020-2021? Never happening again pic.twitter.com/lZrFtI4hDS — Amy Nixon (@texasrunnerDFW) July 15, 2023 Source:https://t.co/Uaqt9BLNIg — Wall Street Mav (@WallStreetMav) July …
452k additional part-time jobs from economic reasons:“partially reflecting an increase in the number of persons whose hours were cut due to slack work or business conditions…"More people are trying to get full-time jobs at same time businesses are cutting them… — E.J. Antoni, Ph.D. (@RealEJAntoni) July 7, 2023 Revisions for Apr and May were negative …
via Gloom Boom Doom: Monthly Market Commentary: July 1, 2023 America Still Leads But Its Allies Are Uneasy, is the title of a recent Bloomberg opinion piece by Niall Ferguson. I have some reservations about Ferguson as an historian but to be fair to him, he is extremely knowledgeable and he is well connected around …
by confoundedinterest17 The University of Michigan consumer survey results are out and there is good news! Sort of. The UMich Buying Conditions for Houses rose to 47 in July! That is the good news. The bad news? It was at 142 in the last month before Covid and the economic/school shutdowns. That is -67% lower …
by BoatSurfer600 This recession will turn into a depression real quick. Americans under 25 racked up more credit card debt than any other age group last year – and they’re about to run into trouble as financial conditions tighten and inflation stays high “Defaults and delinquencies could spike among young adults who’ve racked up credit …
Our favorite restaurants are vanishing from sight as worsening economic conditions continue to squeeze U.S. businesses. With shoppers eating out less and tightening their budgets, even big names in the industry are seeing their operations rot from within. Over the past three years, over 160,000 restaurants have been permanently closed around the country, and unfortunately, …
by Michael Every time I write about this, conditions are even worse. If you look at the latest map from the U.S. Drought Monitor, you will see that almost all of America’s heartland is now in some state of drought. Much of Kansas is dealing with either “severe” or “exceptional” drought, and in previous articles I …
by confoundedinterest17 As I discussed yesterday, the Misey Index under Biden remains elevated compared to that of Trump pre-Covid despite massive financial stimulus from Green Man (The Federal Reserve under Jerome Powell). Now we have more evidence of an impending recession with the Philly Fed General Business Conditions index falling to -16.6 in June as Green …
Trump Pleads Not Guilty, No Further Conditions Imposed, No Travel Restrictions, No Cash Bond Imposed (VIDEO) President Trump has pleaded “not guilty” to Joe Biden’s political witch hunt and assault against America’s President over the “documents hoax.” President Trump was indicted on 37 counts last week in Special Counsel Jack Smith’s classified documents case: 31 …