Independent thinking for complex markets and current events
Peru says all road blockades have been lifted after protests today according to Bloomberg (protests started two days ago) That said…. Peru's key mining areas support the protests This affects copper (2nd largest producer) as well as silver. It also should be noted… — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) July 20, 2023
via Julianne Geiger: Oil demand’s future is rosier than the common narrative would have you believe, according to a report released today by Energy Outlook Advisors. According to energy analyst and the report’s author Anas Alhajji, the hope that oil demand will decrease as the world transitions to clean energy is built on a lot …
“The weakening external demand continues to impact China’s trade,” said Lyu Daliang, spokesman of the the General Administration of Customs. “The global economy’s recovery is lacking a driver. Global trade and investment is slowing, while unilateralism, protectionism and geopolitical risks are rising.” https://ca.finance.yahoo.com/news/china-worse-expected-exports-deal-045804232.html China’s Drop in Exports Signals Deepening Slowdown in Global Trade Campaigns by central …
by confoundedinterest17 As Bidenomics (why Biden would brag about massive inflation in energy, food and shelter is beyond me), lurches forward, we have another shred of lousy economic news: US mortgage purchase demand fell -19% from the previous week and is how down -53% under Bidenomics). Mortgage applications increased 0.9 percent from one week earlier, …
The United Nations (UN) and the Intergovernmental Panel on Climate Change (IPCC) have recently called for a significant financial investment to combat the pressing issue of climate change. Their proposal includes the implementation of global taxes aimed at generating trillions of dollars in funding. Jamie Dimon, CEO of JP Morgan Bank, recently suggested exploring unconventional …
Post-pandemic vacay demand has fizzled out Now, whatever will we do with 5.6 million bed and breakfast rentals scattered in residential neighborhoods across the world? h/t @GypsyD24 pic.twitter.com/GAsdcwcqvL — Amy Nixon (@texasrunnerDFW) July 10, 2023 And for those implying this may be specific to Disney’s image problems, I beg to differ It’s not about wokeness, …
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 …
by confoundedinterest17 Joe Biden, or “Blow Biden” after the cocaine was discovered in the White House the other day, owns the abysmal mortgage and housing market thanks to The Fed fighting inflation caused by Bidenomics (massive Federal spending and massive Fed stimulus). Mortgage applications decreased 4.4 percent from one week earlier, according to data from …
If the chips were being used for production we would have seen a rise in memory demand. Instead these orders are being shelved in warehouses overseas in case the U.S. escalates trade tensions. — Financelot (@FinanceLancelot) June 29, 2023 Nvidia's largest 6 month gain in 20 years. pic.twitter.com/cVxTc9LyuQ — Mac10 (@SuburbanDrone) June 29, 2023 It's …
by confoundedinterest17 Eggs, bacon and toast. All more expensive under Biden’s economy. And mortgage purchase demand is down -45.3% since Biden was elected and mortgage refinancing demand is down -91% under Biden and mortgage rates are up 128% under Biden’s economy. Mortgage applications increased 3.0 percent from one week earlier (using seasonally adjusted data), according to …
by Dismal-Jellyfish Source: https://www.bankofcanada.ca/2023/06/summary-governing-council-deliberations-fixed-announcement-date-june-7-2023/ Highlights: “the economy remained clearly in excess demand and that the rebalancing of supply and demand was likely to take longer than previously expected.” “members felt that enough data had accumulated to convince them that more restrictive policy was needed.” Growth of gross domestic product (GDP) in the first quarter was …
by confoundedinterest17 The good news? Mortgage purchase demand fell only -0.05% from last week. The bad news? Mortgage purchase demand is down -35% since Resident Biden was sworn in. And mortgage refinancing demand is down a whopping -90%. Reason? Mortgage rates are up 128% under Clueless Joe. Mortgage applications increased 0.5 percent from one week …
by Simian_Stacker pic.twitter.com/mMlY5N4k2S — The Punisher (of Wall ST) (@GregCrennan) June 14, 2023 It's official! The S&P 500's (SP500) longest bear market since the 1940s has come to an end. The benchmark index closed up 0.6% to 4,294 on Thursday, vaulting it back into bull territory with a 20% advance from its October low….. go …
via gothamist: Immigrant advocates and members of the City Council are throwing their weight behind a budget-threatened, first-of-its-kind childcare program for low-income immigrants who lack permanent legal status. The exclusion of the program Promise NYC from Mayor Eric Adams’ executive budget for the next fiscal year was at the center of a City Council hearing and rally …
by confoundedinterest17 The Fed will annouce a pause at today’s FOMC meeting, so don’t look for mortgage rates to do much today. Mortgage applications increased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 9, 2023. The Market Composite Index, …
by DesmondMilesDant Do these things matter? As you can see from the chart, the corporate bond spreads for both BBB and AAA rated bonds have been widening in recent years. This is indicative of increasing risk aversion among investors, as they demand higher yields to compensate for the perceived increased risk of default. However, it …
by confoundedinterest17 Welcome to the Bidenville Mortgage Depot! Where Bidenflation (caused by idiotic energy policies, crazy Fed money printing and insane Federal spending) has caused The Fed to raise rates crushing the US mortgage market. Mortgage applications decreased 1.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications …
China increased its gold reserves for a seventh straight month, signaling ongoing strong demand for the precious metal from the world’s central banks China increased its gold reserves for a seventh straight month, signaling ongoing strong demand for the precious metal from the world’s central banks. China raised its gold holdings by about 16 tons …
Journalists at two dozen local newspapers across the U.S. walked off the job to demand an end to cost-cutting measures and a change of leadership at Gannett. via dnyuz: Journalists at two dozen local newspapers across the U.S. walked off the job Monday to demand an end to painful cost-cutting measures and a change of …
Migrants demonstrated outside their new hotel accommodation in central London, demanding better Wi-Fi, more financial assistance, and private rooms. Migrants stage pavement protest outside London hotel, demand private rooms and better Wi-Fi Better Wi-Fi, more financial assistance, and private rooms were just some of the demands made by migrants who demonstrated outside the doors of …
FOXNEWS: Target backs org pushing US demilitarization, Mt. Rushmore shutdown for being a ‘symbol of White supremacy’ FOX NEWS INVESTIGATES – Since the George Floyd protests and riots of 2020, Target Corporation said it ramped up its diversity, equity and inclusion work. This agenda extended far beyond enhancing representation and support of historically marginalized groups …
by confoundedinterest17 Under Biden, the US economy is a land of confusion. Under Biden’s Reign of Error, Mortgage Purchase Demand is down -44%, Refi Demand is down -87%, and Mortgage Rates are UP 106%. Mortgage applications (demand) decreased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for …