Independent thinking for complex markets and current events
Ford Motor Company announced it is projected to lose a whopping $4.5 billion from electric vehicles (EVs) this year, up from the previous projected loss of $3 billion. The company released its second-quarter financial results on Thursday. The U.S.-based automaker’s EV division, called “Ford Model e,” has lost $1.8 billion so far this year, according …
via fee.org: In April, the International Energy Agency released a report in which it predicted EV sales to increase 35 percent after a record-breaking year. But economists I spoke with said such predictions were overly optimistic considering current macroeconomic conditions. This invites important questions. Is the glut of EVs simply a product of tightened money …
https://twitter.com/BernieSpofforth/status/1682283846761324544
Taiwan semiconductor warned that Artificial Intelligence is not as good as it sounds.https://t.co/ENHumo5m4y"TSMC's second-quarter earnings call may go down as one of the more pessimistic calls in recent history" Just another rope-a-dope. pic.twitter.com/1YtEEDD7Xc — Mac10 (@SuburbanDrone) July 20, 2023 Bulls the highest since the left shoulder over two years ago: pic.twitter.com/v0CmBacGO5 — Mac10 (@SuburbanDrone) July …
“If federal censorship is not stood up to aggressively, it will expand to every corner of online discourse.” NEW: @Kat_Cammack Asks About Govt Censorship: Wait Till You Hear @RobertKennedyJr’s Response SAUER: “If federal censorship is not stood up to aggressively, it will expand to every corner of online discourse.” MORRIS: “I can’t even believe this …
2/ Tech is currently the most expensive it has been since the Financial Crisis, at 1.4x the S&P 500 The only time it was more expensive was during the Dot Com bubble pic.twitter.com/RQilbntVFZ — Bravos Research (@bravosresearch) July 18, 2023 4/ The PEG ratio shows what investors are willing to pay for a company's earnings …
via mishtalk: Interest rate odds still imply no rate cut by the Fed until March of 2024 despite year-over-year CPI inflation falling to 3.0 percent. Higher for Longer According to CME Fedwatch, the first rate cut will not be until March of 2024. CME data represents the futures and options positioning of traders. Only recently did …
by Dismal-Jellyfish Source: https://www.bls.gov/news.release/cpi.nr0.htm All items less food and energy: Inflation and Housing: The overall index for items excluding food and energy increased by 0.2% in June. The cost of housing, represented by the shelter index, rose by 0.4% in June. Rent increased by 0.5%, and owners’ equivalent rent (for homeowners) increased by 0.4%. However, …
I mean let’s get real. How does the housing market stabilize given these numbers? How many people have the income to qualify for a loan at an over 7% mortgage rate? The monthly payment is up around 40% yet people like Fortune magazine think housing prices will stabilize and move higher. I just don’t get …
Biden provoked the War in Ukraine by insisting on NATO membership. Now that 300,000 Ukrainians are dead or wounded, the country is destroyed, and Russia is winning, Biden says "just kidding" and that Ukraine not ready for NATO membership. What an idiot.https://t.co/ojRYah24lI — Jim Rickards (@JamesGRickards) July 9, 2023 “We have surrounded Russia with missiles …
View post on imgur.com via BBC: In a small room near the Alps in northern Italy, containers filled with millions of crickets are stacked on top of each other. Jumping and chirping loudly – these crickets are about to become food. The process is simple: they are frozen, boiled, dried, and then pulverised. Here at …
So let me get this straight… The WH was evacuated & HazMat teams were dispatched to secure this bag of schedule 1 narcotics You have a visitor log of everyone that entered You have video footage Possible fingerprints & DNA evidence on the bag And its owner is a “unlikely to… pic.twitter.com/yXZgWxsKVl — DC_Draino (@DC_Draino) …
ALAMEDA, Calif. – A 69-year-old woman who was dragged by a robber’s car in Alameda said Monday that she would do it all over again. “For me, to fight all the way to the end, I feel good about it,” the woman, who requested anonymity, told KTVU. Surveillance video shows the robber taking off in …
Today is worse, today you need like four min wage hours to cover door dash fees to get the Bic Mac delivered to you pic.twitter.com/P1lcJmWfkX — Travis H ✞ (@hallectj) June 17, 2023
via naturalnews: Local officials in the small city of Steubenville, Ohio are installing a new generation of powerful and pervasive surveillance systems to impose maximum surveillance on some of the neighborhood’s least affluent residents, and all the while these same officials claim the new surveillance apparatus will help lessen crime. This scenario is occurring all across the …
by confoundedinterest17 Don’t kid yourself. The talking heads at The Federal Reserve (more like Feral Reserve) are only about halfway there in terms of rate hikes. There is still over $8 trillion in monetary stimulus sloshing around the economy. The Taylor Rule implies a target rate of 10.12% while the current target rate is just over half that rate at 5.25%. A little over halfway there and The Fed is likely to pause rate hikes. Of …
Guest Post from Wolf Richter at WolfStreet.com: Where does the money come from? They now out-earn inflation, they earn interest income, and they dipped into their assets whose prices ballooned over the years. Consumer spending, adjusted for inflation and for seasonal factors jumped by 0.5% in April from March, after two months of declines and …