A hub for independent voices and hard truths
As Germany’s economic model falters, the ECB faces the challenge of sustaining the troubled Euro experiment. 🇩🇪German Industrial Production Drops for the Fifth Month pic.twitter.com/wbTw4FAaIn — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) December 7, 2023 The Euro which ruined economies in the South was kept alive by Germany‘s strength. With German …
More disturbing news from #Germany. German #Construction #PMI cratered to 36.2 in November, approaching #COVID lows. https://t.co/rwnjssSGh5 pic.twitter.com/Xr82qi8J7y — jeroen blokland (@jsblokland) December 6, 2023 🇩🇪 The HCOB Germany Construction PMI 36.2 Lowest since April 2020!Excluding pandemic, lowest ever! Chart: https://t.co/ow763W0Jf1 #recession pic.twitter.com/8p3Nvnt1e9 — Alex Joosten (@joosteninvestor) December 6, 2023
by EuthanizeArty Think twice the next time you say Tesla relies on subsidies: Ford is cutting its own investment to 2.5B, while the state is providing 1.75B in known handouts(Some estimates put the total subsidies at 2.2B) Jobs created are only expected to pay 20/hr, lower than state median wage, …
Everywhere You Look, Rates Traders Are Piling Into Rate-Cut Bets (Bloomberg) — Positioning for an economic hard landing and aggressive Federal Reserve easing next year is spreading across the US interest-rate markets. In the cash bond market, JPMorgan Chase & Co.’s Treasury client survey, conducted weekly since 1991, found that …
Deutsche Bank (DB) has dealt a significant blow to Germany’s economic outlook, reducing its 2024 GDP forecast by a substantial 0.5 percentage points to -0.2%. The revision follows a budget crisis triggered by a Constitutional Court hearing, pointing to low growth exacerbated by challenges within the German legal system. DB’s …
via Daily Caller Diversity, equity and inclusion (DEI) initiatives lost steam in 2023 compared to previous years as companies increasingly shift resources due to tightening economic conditions, according to Paradigm. The total percentage of American organizations with a DEI budget dropped 4 percentage points, from 58% in 2022 to 54% …
With disconcerting parallels to the financial crisis of 2008, warning signals are intensifying. A stark divergence between large and mid caps, soaring borrowing costs for S&P 500 companies, a prolonged crude oil decline, and soaring hedge fund exposure all contribute to an uneasy market outlook. The historical correlation of the …
via thehill: “We cannot, just through sheer repetition, convince voters of something that is not their lived reality when it comes to economics,” said Adam Green, co-founder of the PCCC. Democratic messaging, including that coming from Biden, should be “acknowledging pain and pivoting to a contrast,” Green said, and it …
As economic indicators signal a slowdown and companies prepare to cut back amid diminishing business activity, the prospect of a similar raise to the previous year dims for many workers. With the CFNAI pointing to a slowdown in economic growth in October and JPMorgan forecasting declines in key economic metrics, …
A new congressional report highlights the alarming economic toll of illegal immigration, estimating a burden ranging from $150 billion to $450 billion per year on taxpayers. This translates to approximately $13,000 for every individual migrant, with a mere 20 cents contributed for every dollar taken. The report attributes the fiscal …
via politico: The national debt has reemerged as a paramount economic issue for the first time in nearly a decade, raising alarms from Congress to Wall Street. But even with all the outward drama, there’s little evidence that Washington is ready to stem the tide of red ink. In interviews …
UBS forecasts a 2024 gold upswing amid global uncertainties and central banks’ expected rate cuts. Advising a shift to high-quality stocks, UBS suggests moving from cash to quality bonds as rate cuts commence. Simultaneously, the Dutch Central Bank’s 612-tonne gold reserve underscores gold’s role in economic stability. This aligns with …
Investor sentiment surveys are expressing overwhelming positivity, suggesting a rosy outlook, while economic surveys paint a contrasting picture, indicating a deteriorating situation. This stark dichotomy between investor optimism and the grim economic reality underscores a perplexing divergence in current perceptions. "Basically investor sentiment surveys are saying everything is awesome again, …
In the midst of a severe recession in the freight market, marked by an oversupply of trucks and a scarcity of freight, the logistics industry faces a wave of bankruptcies, closures, and layoffs, with notable companies like Yellow Corp. and Convoy being casualties. This downturn, contrary to some analysts’ expectations, …
by confoundedinterest17 Biden’s terrible economic policies and horrid fiscal managment has put stress on The Federal Reserve. The Federal Reserve paid an estimated $76 billion to the Treasury in 2022 while banks’ willingness to lend has plummeted. First, let’s look at Biden’s and The Fed’s Brawndo. One of the key ways central banks …
The soaring Debt to GDP ratio at 124%, driven by the government’s extensive money printing, poses a heightened risk of long-term economic consequences and increased inflationary pressures. Despite a slight dip from the previous peak in 2020, the current ratio remains a cause for concern. ‼️DEBT TO GDP: 🚀 – …
The sustained 18-month decline in the Conference Board Leading Indicator is a worrying trend reminiscent of historical economic crises, particularly in 1973-74 and during the Global Financial Crisis. The current -7.8% decrease aligns with significant economic downturns over the past six decades, indicating a potential hard landing. This, coupled with …
A potential economic downturn in the next 11 months could boost Trump’s chances. Efforts might include redefining recession and manipulating data to present a façade of control. https://twitter.com/BradHuston/status/1724878352605991045 https://twitter.com/unusual_whales/status/1724831374673395795
The skepticism towards government data, particularly from the Bureau of Labor Statistics, has reached a point where credibility is questioned. Does anyone seriously believe the government data from the Bureau of Labor Statistics anymore? Their credibility is worse than the CDC and the FDA. Soft landing … Cooling economy …. …
As gold in Japan inches closer to another record-breaking high, the economic woes persist, with the country’s economy contracting at its most rapid annualized quarterly pace in two years during the third quarter. This juxtaposition underscores the prevailing economic challenges and the continued appeal of gold as a safe-haven asset …
The economic landscape is marked by several concerning indicators, as evidenced by the S&P 500 margins trending lower, reflecting potential challenges for companies. The National Federation of Independent Business (NFIB) reports a deterioration in sales, indicating a worsening scenario for small businesses. Additionally, a growing number of companies are expressing …
China’s economic landscape appears fraught with concerns as the rebound in consumption stalls and private business confidence loses momentum. In October, key indicators like the QuantCube Technology recreation and transport demand measure and the Morning Consult consumer sentiment survey recorded troubling declines. Furthermore, the Cheung Kong Graduate School of Business …
Eurozone data paints a bleak picture of economic distress: retail sales plummet, wages pose risks, but savings have drained, financing is tight, and uncertainty looms, likely leading households to curb spending. Germany’s industry remains in a slump, facing weak demand and declining production. Despite a glimmer of hope in high …
Recent reports have sparked concerns as multiple indicators paint a grim picture for the economy. In line with JP Morgan’s data, hedge funds are observed to be drastically reducing their long exposure, reflecting an unprecedented level of caution in financial markets. Meanwhile, the trucking and freight industries are showing signs …
The global economic landscape is sounding alarm bells. 🌍 World manufacturing PMIs GDP weighted 47.6 Deeper in #recession territory! Chart: @PkZweifel pic.twitter.com/SycowQ6W06 — Alex Joosten (@joosteninvestor) November 8, 2023
The dwindling demand for oil-based lubricants, reaching its lowest point in over four decades, is a stark indicator of the challenges facing the manufacturing sector in the United States. This decline in demand is far from indicative of a ‘soft landing,’ and while circumstances may differ this time, historical data …
Over the past decade, there has been a notable trend in the reduced economic interdependence between China and the United States. Currently, 15% of U.S. imports originate from China, a significant decline from the 22% reported in 2016. Simultaneously, the United States represents just 15% of China’s total exports, down …
Under Justin Trudeau’s lengthy leadership, Canada grapples with an infuriating reality: a shocking 2 million people now rely on food banks in a single month. These startling numbers showcase the escalating economic hardships faced by countless Canadians. Trudeau’s era has seen the worst inflation rates in four decades and the …
Many are realizing the US government manipulates economic data through various means, raising concerns about data authenticity. Others are catching on to the fact that the US government is faking economic data. There are thousands of economic PhDs and statisticians whose entire job is to massage the data so that …
But the breakneck speed of Chinese urbanization led to an unsustainable boom in infrastructure, and the mounting debt that funded these projects is the first of four destructive forces now jeopardizing the country’s economic stability. The post-COVID collapse of China’s housing market, for example, is leaving numerous large complexes unfinished …