Independent thinking for complex markets and current events
THIS HAS BEEN A LONG TIME COMING, WITH PLENTY OF BLAME TO GO AROUND WASHINGTON, THE PENTAGON, AND THE NAVY ITSELF: U.S. Naval Deterrence Is Going, Going, Maybe Even Gone. This was only one of several recent assaults on American naval assets in the region. They have happened despite the presence of the Ford carrier strike …
China’s central bank has made a historic move by injecting a record $112 billion into the financial system, according to reports from Bloomberg. This substantial cash injection comes as the Chinese yuan experiences depreciation against the US dollar, posing challenges for exporters and raising concerns about potential inflation. The Chinese economy has been grappling with …
via Naturalnews: Israel’s previously considered plan to flood Gaza’s underground tunnel network, aiming to flush out and neutralize Hamas operatives, is now in motion. According to reports from the Wall Street Journal, Israel has begun pumping seawater from the nearby Mediterranean Sea into the extensive tunnel complex in Gaza. This strategic move is part of a comprehensive effort …
In a rollercoaster ride for investors, Nvidia, a colossal $1.2 trillion company, briefly witnessed a nearly 7% dip in its stock after posting stellar Q3 results exceeding expectations. With revenue at $18.1 billion and EPS at $4.02, the top 10 largest company in the world showcased its ability to move significantly, rallying nearly 30% in …
CNN – Restaurant prices are way up. You might want to head to the supermarket. “If you’re watching your budget, it might be time to skip the drive-thru and head to the supermarket. In the 12 months through October, higher restaurant prices drove food prices above overall inflation, even as grocery prices were relatively low. …
Inflation in essential areas, including car insurance, car repair, transportation, rent, homeowner costs, and food away from home, far exceeds the 3.2% CPI headline rate, challenging the notion of a broader decline in prices and signaling an ongoing affordability crisis for consumers. While CPI inflation is at 3.2%, inflation is much higher in many basic …
via naturalnews: The government of the United States recently announced that it has agreed to purchase Japanese seafood for its military to help ease the economic fallout from Japan’s decision to release radioactive wastewater from the damaged Fukushima Daiichi Nuclear Power Plant into the Pacific Ocean. In an interview, U.S. Ambassador to Japan Rahm Emanuel said the …
Even with $9t in stimulus, MASSIVE welfare programs for homeowners to avoid foreclosure, 3 years of not having to pay any bills (including your mortgage) Foreclosures have already returned to 2005 levels. Terrifying pic.twitter.com/8ggF7WShPG — Darth Powell (@VladTheInflator) October 19, 2023
via Mike Shedlock: Fed Chair Jerome Powell says the “Federal Reserve is not and will not be a ‘climate policymaker.’” Actions prove otherwise. The Fed’s New Climate-Change Mandate Please consider the Fed’s New Climate-Change Mandate The Federal Reserve, Federal Deposit Insurance Corp., and Comptroller of the Currency on Tuesday published guidance directing banks on how to …
These entrepreneurs, spanning various sectors, face challenges such as limited credit access, rising debt, reduced consumer spending, and escalating labor costs. One poignant example is a retail store owner, who, after a decade in the community, had to return to a corporate job to keep the business afloat. “The Economy is doing well” Let’s talk …
Despite western propaganda and support from the corrupt hypocrites who run the ‘rules based international order’ Israel is losing globally because decades of abuse against the Palestinians have not gone unnoticed. The potential for escalation is evident. https://t.co/qe0tZsDnVO — Kim Dotcom (@KimDotcom) October 23, 2023
A Texas judge ruled that Infowars host Alex Jones cannot use bankruptcy protection to avoid paying Sandy Hook massacre victims’ families more than $1.1 billion for his conspiracy theories that the 2012 shooting was a hoax. U.S. District Judge Christopher Lopez of Houston issued the ruling Thursday. “The families are pleased with the Court’s ruling …
From a government spending perspective, the increasing tensions between Israel and Hamas arguably carry an even greater significance. Unlike the Russia-Ukraine war, the recent conflict will likely receive bipartisan support for additional military aid due to Israel's strong… pic.twitter.com/gbvZW5MqKq — Otavio (Tavi) Costa (@TaviCosta) October 9, 2023 Winners: Weapon-makers: Lockheed Martin (LMT) gains +8.93% General …
https://twitter.com/NorthmanTrader/status/1708798044680974489 Good Morning Everyone! I was shocked to learn that the US government is now spending more to pay interest on its $33 trillion national debt than it does on national defense. What’s the plan here? Honest question. pic.twitter.com/Dehia0RPz2 — Genevieve Roch-Decter, CFA (@GRDecter) October 2, 2023 US equity markets are 'outperforming' today, and market …
Numerous statements by Chutkan suggesting Trump should be charged for January 6. Expressing disappointment that Trump was not yet charged – Criticizing a J6 Defendant's "blind loyalty to one person who, by the way, remains free to this day." pic.twitter.com/O9WVD3WdBP — Techno Fog (@Techno_Fog) September 11, 2023 Most notably, Chutkan admitted she pre-judged Trump's …
Despite receiving a substantial amount of funding, Baltimore city schools experienced a disheartening outcome. “Last year, Baltimore city schools received a record $1.6 billion plus an additional $799 million in COVID funds The result? 0 students tested proficient in math in 40% of schools. 0 students. The person in charge of Baltimore schools is Dr. …
Analysts are repeating the same mistake made during the 2008 Financial Crisis by revising earnings upwards despite a contraction in leading economic indicators, raising major warning signals. The US is experiencing deficit spending near 10% of GDP, reaching levels last seen in 2008, yet the Fed maintains that there is no recession in sight, leading …
Prior to 2020, just ~4% of all outstanding mortgages had an interest rate below 3%. Now, a massive ~23% of all outstanding mortgages have an interest rate below 3%. The share of borrowers that have an interest rate of 4% to 5% fell from 40% to 20%. Meanwhile, just 9% of all… pic.twitter.com/820WdhZgDu — The …
by confoundedinterest17 Mortgage applications increased last week, despite the 30-year fixed rate edging back up to 7.31 percent – its highest level in four weeks. Mortgage applications increased 5.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 15, 2023. Last …
Watch the latest video at foxnews.com Greenberg, 27, was discovered with a knife in her chest in her apartment during a January blizzard – covered in stab wounds and bruises. In a Wednesday ruling, an appellate panel ruled that Greenberg’s parents lacked standing in a civil lawsuit but excoriated the Philadelphia pathologist, Dr. Marlon Osbourne, …
In a surprising development, the Biden administration has appointed James Clapper, John Brennan, and Paul Kolbe, all former intelligence officials, to a DHS “Homeland Intelligence Experts Group” responsible for addressing critical national security matters. This decision has raised eyebrows and concerns due to the history of these individuals. It’s worth noting that Clapper, Brennan, and …
AOC denies being married despite listing her fiancé as ‘spouse’ on disclosures by Gabe Kaminsky, Investigative Reporter September 13, 2023 01:00 PM “Squad” Rep. Alexandria Ocasio-Cortez (D-NY) has repeatedly listed her fiancé as a “spouse” on disclosures filed with the House Ethics Committee, though the congresswoman’s office denies she has gotten married. https://www.washingtonexaminer.com/news/house/aoc-denies-being-married-despite-listing-spouse-disclosures There’s a …
https://twitter.com/usapoliticsguy1/status/1701673756085870986
Despite credit rejections rising, debt levels are skyrocketing. Total US household debt just hit a record $17.1 trillion and is expected to rise again this quarter. People are using debt to "fight" inflation. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) September 11, 2023 At a time when …
Despite All Their Oil, Texas Is Issuing Conservation Appeals ERCOT has issued a “Conservation Appeal” for the state of Texas due to the summer heat and not a lot of wind is blowing today. They have energy-saving tips! link to tips Note they have left off not charging your Electric Vehicle which is equal to …
Goldman Sachs to layoff approx ~2,500 in latest job cut announcement coming as soon as October $GS — Don Johnson (@DonMiami3) September 8, 2023 As inflation cools and employment remains resilient, a US economic downturn is becoming less likely. Goldman Sachs economists cut their 12-month recession probability to 15%, down five percentage points from their prior …
“Chinese stocks rebounded on Monday morning after Beijing unveiled a raft of measures meant to halt their nearly monthlong slide. But the rally proved to be short-lived as foreign investors used it as an opportunity to unload $1.1 billion of mainland Chinese equities, according to Bloomberg data. ” https://finance.yahoo.com/news/billions-dollars-flowing-chinese-markets-213851348.html
STOCKS VERY EXPENSIVE pic.twitter.com/rmoOk9V5Dy — Win Smart, CFA (@WinfieldSmart) August 28, 2023 Retail is about to go all in 🎲 https://t.co/tgq5NxIRhj pic.twitter.com/IFX6t5KBbk — Financelot (@FinanceLancelot) August 28, 2023 CREDIT 💳 CARDDELINQUENCY pic.twitter.com/RdciYYICEt — Win Smart, CFA (@WinfieldSmart) August 28, 2023
by confoundedinterest17 This is very strange. Global Treasury Yields just rose to a 15-year high (2008). This is primarily due to Central Bank moneta And REAL 10-year Treasury yields also the highest since 2009. At the same time, US industrial production is at the same level as pre-financial crisis (2007). Despite Federal Reserve monetary stimulypto …
by confoundedinterest17 Well, its now August 2023 and US Industrial Production for July increased … to 2007 levels. This comes after the massive spending out of Washington DC and massive Federal Rerserve stimulus. Is that all there is?? US Industrial Production is DOWN -0.23% YoY while up slightly in MoM terms. As I said a …