Independent thinking for complex markets and current events
🚨 EU TO DELIST TETHER'S $175 BILLION USDT FROM LICENSED EXCHANGES Major exchanges including Binance, Coinbase, Kraken, and Crypto .com have removed USDT for EU users after Tether chose not to seek approval under Europe's MiCA regulations. Meanwhile, Circle's USDC has secured… pic.twitter.com/HAVrClNkTq — Coin Bureau (@coinbureau) June 15, 2026 h/t jlee2027
🚨 JUST IN: Somali Rep. Ilhan Omar is REFUSING to turn over all documents to the Minnesota fraud committee regarding her involvement in a $250M scandal, despite today being the deadline Ilhan Omar's name appeared in a chain with the fraudster who led the scheme, MULTIPLE times… pic.twitter.com/CcRVHhnjtL — Eric Daugherty (@EricLDaugh) May 5, 2026
Bonds do not move with stock prices like shares do. If the stock market crashes, Trump’s bond holdings (especially the many municipal bonds and U.S. Treasuries) should stay much steadier. The issuers — cities, states, school districts, or the U.S. government — still have to pay the same fixed interest on schedule and repay the …
The world is about to pay for the Iran war in real dollars at the pump and on Wall Street. Ready for another red week or weeks?👇 pic.twitter.com/r4pZbw322T — Johnny (@NorthstarJohnny) March 7, 2026 The Kobeissi Letter @KobeissiLetter US futures open in less than 24 hours: Yet, we have not seen any indication of de-escalation …
The advancement of AI-generated art suffered a crucial blow this week when the Supreme Court left in place a lower-court ruling that such works cannot be protected under U.S. copyright law. The original plaintiff, a computer scientist from Missouri named Stephen Thaler, appealed to the Supreme Court after “lower courts upheld a U.S. Copyright Office …
The U.S. Supreme Court has declined to hear two cases filed on behalf of Air Force personnel who sought back pay and affirmation of their religious First Amendment rights after they were kicked out of the service for refusing to comply with the Defense Department’s 2021 vaccine mandate. The justices denied petitions Monday for Poffenbarger …
We need to build Trump homes https://t.co/HrDRzlzIn3 — Don Johnson (@DonMiami3) February 4, 2026 Homebuilders are drafting a plan to construct nearly a million “Trump Homes” in a bid to tackle the US housing affordability crisis, Bloomberg News has reported. Follow: @AFpost pic.twitter.com/x1rVXOtOfC — AF Post (@AFpost) February 3, 2026
U.S. Population Growth Slows Sharply as Immigration Numbers Plunge New census estimates show the effects of falling birthrates and President Trump’s anti-immigration policies. As his term continues, immigration is expected to drop even further. The United States population grew last year at one of the slowest rates in its history, according to new numbers released …
by confoundedinterest17 There was a rush from the northeast US to Florida, now we are seeing a reversal in home prices. Punta Gorda FL, a suburb of Ft Myers, leads the nation with a -20.4% decline from its peak. Austin TX is second at -17.3% from peak. And Fort Myers FL is third at -15.0% …
by Martin Armstrong US manufacturing turned down in October on the PMI index, dropping from 49.1 in September to 48.7 in October, marking the eighth consecutive month of contraction. Price pressure may have eased (58 from 61.9), but production (48.2 from 51), inventory (45.8 from 47.7), and deliveries (54.2 from 52.6) have all declined. Employment …
Authored by Mike Shedlock via mishtalk, Consumer credit is weak in nominal terms and negative in real terms. Nominal Consumer Credit, Data from the Fed, Chart by Mish Nominal consumer credit has started to flatline. In real terms, credit is declining. Real Consumer Credit in Billions of Dollars Real Consumer Credit Data from the Fed, …
By the time the implosion of Housing Bubble 2.0 finishes playing out, I suspect a lot of unhappy landlords will be forced to slash rents to attract or keep quality tenants. 17% of Home Sellers dropped their asking price in August pic.twitter.com/oeOxYJ6s4N — Barchart (@Barchart) October 3, 2025 h/ty Boo_Randy_II
by confoundedinterest17 US home prices are downshifting to a lower gear. Home prices across the top 20 cities in the US fell by 0.07% MoM (less than the 0.2% decline expected) – the fifth straight monthly drop in prices. This pulled the YoY price appreciation down to 1.82%, the lowest since July 2023. The U.S. housing market …
>a black man is asked to leave a gym>he chooses to square up with police >the officer declines his offer to fight pic.twitter.com/ba938jY5Ex — David Santa Carla 🦇 (@TheOnlyDSC) August 21, 2025
Here’s a crazy idea.. give mothers at least 12 months maternity paid, give fathers six months, tax rebates to families with children until 18 and subsidies for daycare.. There’s no reason for women to have children if they’re gonna be broke the rest of their lives… — Tiffiny Fawcett (@tiffinyfawcett) April 22, 2025 The second …
by Mike Shedlock Economists expected a $15.0 billion rise in consumer credit. The Fed reported -$0.8 billion. The Bloomberg Econoday consensus outlook “Expected up another strong $15.0 billion in February after rising by $18.1 billion in January.” January was revised from $18.1 billion to $8.9 billion. That’s a net miss of $25 billion. Real Consumer …
by Mike Shedlock Homebuilder confidence is lowest level in seven months. The NAHB/Wells Fargo Housing Market Index (HMI) dropped again in march. NAHB Key Findings March 2025 Current sales conditions fell three points to 43. Sales expectations in the next six months held steady at 47. Traffic of prospective buyers dropped five points to 24. 29% of …
A federal judge on Friday declined to block Elon Musk’s government cost-cutting department from accessing the U.S. Department of Labor’s systems, an initial setback for the government employee unions resisting his efforts to shrink the federal bureaucracy. The temporary ruling by U.S. District Judge John Bates in Washington, D.C., is the first step in a …
Atlanta Fed GDPNow estimate moves lower, real gross private domestic investment growth decreased from 1.3 percent to -0.7 percent, while the nowcast of fourth-quarter real government expenditures growth increased from 2.6 percent to 2.9 percent. #math pic.twitter.com/3xqmr0b3YB — Market Rebellion (@MarketRebels) January 2, 2025 Interesting We’ve almost given back the whole bounce since Trump was …
Economic data keeps surprising to the downside!! Citi Surprise Index 👇 pic.twitter.com/DPdKUV0ji2 — James E. Thorne (@DrJStrategy) December 29, 2024 They are currently 10 million Americans who are delinquent on their student loans. On January 1, they are going to start seeing their credit scores deteriorate. Not a good outcome for consumer credit growth! pic.twitter.com/IjOZy4tos1 …
Bitcoin Keeping it simple Below 96700 for more than 72 hours and its lights out. Either way, its lights out in the not to distant future. pic.twitter.com/COraOh44fL — The Great Martis (@great_martis) December 21, 2024 will be zero soon https://t.co/1tVncx2mhD — Martin Shkreli (@MartinShkreli) December 21, 2024 Who farted? Guess who's next? pic.twitter.com/9EbuQT0vKn — The …
⚠️BRACE FOR MORE US JOB MARKET DATA REVISIONS⚠️ Nonfarm payrolls will likely be revised DOWNWARD by another ~300,000 jobs for 2Q 2024. This is according to the QCEW data released by the BLS. If this trend continues, it will turn out that August and October saw JOB LOSSES. pic.twitter.com/rA3cgv6En6 — Global Markets Investor (@GlobalMktObserv) December …
by confoundedinterest17 I call it the DC Stomp! Where The Federal Government finances its GDP growth through debt. In Q2 2024, the NET real GDP was negative at -4.7% YoY (real GDP growth less public debt growth). Under Biden/Harris, only Q2 2021 saw a positive net real GDP of 4.5% YoY. All other quarters saw a …
by confoundedinterest17 SF Woman. That is my name for Kamala Harris, the ultimate political changeling, taking full credit for the economy, then trying to distance herself from Biden. As the US economy continues to contract. The Conference Board Leading Economic Index® (LEI) for the US declined by 0.5% in September 2024 to 99.7 (2016=100), following a 0.3% …
by Mike Shedlock Industrial production declined 0.3 percent in September. Negative revisions lopped off another 0.5 percent. The Bloomberg consensus was a decline of 0.1 percent. Factoring in negative and positive revisions the decline was about 0.5 percent. Blame the Hurricanes The Fed blames the hurricanes in its September Industrial Production Report. Industrial production (IP) decreased …
What even are her policies? Hahah — AddyDaddy (@addydadde) October 15, 2024 Trump is a legend. He sits down with Bloomberg hack, tells him to his face that he is fake news, and the crowd of business people are all cheering him on in agreement. This is exactly why the MSM didn’t want Trump to …
BREAKING: The number of people working MULTIPLE jobs in the US hit 8.66 million in September, a new record. This is ~300,000 above the peak seen before the pandemic and ~600,000 above the 2008 peak. Furthermore, the number of part-time jobs has jumped by ~3 million over the… pic.twitter.com/znOOEMR6Ln — The Kobeissi Letter (@KobeissiLetter) October …
Joni Teves, precious metals strategist at UBS Investment Bank, says macroeconomic factors are what “ultimately” drive gold prices despite rising geopolitical tensions. Teves says the “expectation that the US fiscal deficit is going to deteriorate, regardless almost of who wins the elections, is seen to be positive for gold over the medium- to long-term.” She …
Donald Trump said Wednesday he would not be getting intelligence briefings as the Republican nominee for president for fear of being accused of leaking classified information. U.S. spy agencies offer briefings to presidential candidates once they have secured their party’s nomination to prepare them for life as commander in chief. But after the F.B.I. recovered …
Vice President Kamala Harris’s 2024 presidential campaign reportedly “declined requests for comment” about when Harris will stop declining the media’s requests for comment. “The Harris campaign has declined requests for comment about when Harris plans to stop shunning media availability,” the Daily Beast reported on Thursday. The outlet pointed out that reporters “have not been …