Independent thinking for complex markets and current events
A number of foreign firms that once rushed into China to catch a rising tide are now retrenching. Last month, the beauty retailer Sephora, an arm of the French luxury group LVMH, announced that it was cutting jobs because of “the challenging market.” IBM is shutting its two research and development centers in China. And …
Canada is run by inept idiots & a bubble economy with little backing it. — Don Johnson (@DonMiami3) September 7, 2024 Canada is run by inept idiots & a bubble economy with little backing it. — Don Johnson (@DonMiami3) September 7, 2024 Canada shows that this is not true as it relates to full time …
by confoundedinterest17 We are dancing the Grizzly Bear with jobs reports. The more truthful ADP report is out and it shows a wimpy 1.3% YoY addition in jobs. So much for a dynamic, growing economy under Biden/Harris. The Covid era Federal spending has run out of steam. Ahead of tomorrow’s “most important data point in history” payrolls print, …
by Michael When U.S. consumers are doing well, the U.S. economy does well. But of course the opposite is also true. When U.S. consumers are not doing well, the U.S. economy really suffers. The government has been trying really hard to put a happy face on things, but the truth is that the standard of …
This a real example of how socialism embeds itself across an economy. I doubt the small and family farms can adapt to her vision. — Jay (@BigJTA) September 4, 2024
Semiconductor stocks are leading benchmarks across Asia lower following a drop in US equites after Nvidia Corp. suffered a record-setting $279 billion rout. The US Justice Department sent subpoenas to Nvidia and other companies as it seeks evidence that the chipmaker violated antitrust laws. https://www.bloomberg.com/news/articles/2024-09-03/stock-market-today-dow-s-p-live-updates?embedded-checkout=true Nvidia down 2% in premarket trading after plunge that wiped …
💥 August saw an even steeper drop in incoming orders, killing off any hope for a quick bounce back. 💥 Inflows of new work posted the steepest decline since November last year. 💥 August saw faster reductions in both backlogs of work and employment, pointing to spare capacity at factories. 💥 Goods producers were therefore …
We’re not getting ahead. We’re scraping by! byu/Fun_Balance_1809 ineconomicCollapse Inequality is skyrocketing. It’s not good for anyone. The average age of marriage is approaching 30. Recent college grads are going $40k into debt to get a $40k job if they’re lucky. It’s real bad out there.
by Michael It is incredibly sad to watch the U.S. economy slowly but surely come apart at the seams all around us. For most of our history, the rest of the world marveled at our economic performance, and that is because we embraced economic values that led to great blessing. In recent decades, we have …
The Chinese yuan has recouped much of its losses against the dollar in August, sitting around 7.09 yuan to the dollar, after steadily weakening for much of the year. The gains have been aided by Chinese leader Xi Jinping’s calls for a strong currency and policymakers trying to nudge Chinese government bond rates higher. Though …
#Stocks are increasingly sure that the #economy will avoid a #recession.#Bonds…..not so much.h/t @SoberLook pic.twitter.com/jGH6KyX8eY — Lance Roberts (@LanceRoberts) August 30, 2024 The 10y2y Yield is back to the 0 line. The Inverted Yield Curve is one of the most accurate recession indicators. The longest inversion prior to 2022: 16 monthsThe current inversion: 24 months …
"It was all going so well" pic.twitter.com/ywaWoUuh9d — Mac10 (@SuburbanDrone) August 29, 2024 Explain this!Germany’s DAX Index Hits Record High while the economy is in recession! #Germany #Stocks #Gold #Recession #Inflation pic.twitter.com/DiLIwRZL8K — Anas Alhajji (@anasalhajji) August 30, 2024 Dollar General Misses Q2 Earnings, Lowers View on Soft Sales Trends Shares of Dollar General Corporation …
Textbook recession: 2 consecutive quarters of negative real GDP Textbook depression: 12 consecutive quarters (3yrs) of negative real GDP 🇺🇸 currently in 9th consecutive quarter of negative real GDP ⚠️ — CJK (@CJKonstantinos) August 29, 2024 31% of parents say they are unable to afford back-to-school shopping for their kids this year, per Credit Karma. …
“The question is how much longer can the US economy be propped up by asset prices?” The answer is: the economy is being propped by government spending that gooses asset prices at the expense of the people that pay for it through #inflation https://t.co/a96qCMia2P — JustDario 🏊♂️ (@DarioCpx) August 29, 2024 Initial claims begins to …
by confoundedinterest17 08/24/2024•Mises Wire•Daniel Lacalle Price controls, higher taxes, government intervention, and subsidies paid for by printing a constantly devalued currency. These are the essential pillars of “21st century socialism” and the radical left Peronism that obliterated Argentina. These are also the main elements of the economic plan presented by Kamala Harris and the Democratic Party. Undoubtedly, …
https://www.youtube.com/watch?v=NCVYN0e4pNU Has corruption destroyed the U.S. economy and who’s benefiting? Can affordability return?
The everything bubble is about to burst. Worst housing crash in history expected, We’re in a more dangerous bubble and the U.S. economy is destroyed.
Bernie Sanders Calls out the DNC to Its Face, Admits Economy Is Terrible Senator Bernie Sanders delivered a pointed speech at the Democratic National Convention, where he condemned the influence of wealthy donors in American politics. Sanders, a long-time critic of big money in elections, reiterated his stance that rich donors should not be allowed …
I am at a loss. – Gold prices at their highest – Bitcoin close to highest – Inflation is sticky – National debt at its highest – Delinquencies increasing – Big 7 losing their golden earnings touch – 3 large banks still divergent on their interest rate strategies – Job… — The Rookie Consultant (@TheRookieCons) …
China’s economy has gone flat, and every effort the Communist government has made to pump it up has either failed or barely moved the needle. The Chinese go-go economy of the early years of this century has taken a tumble. The 8% growth from 2010-20 is about half that today at 4.75%. The pandemic was …
Why Millennials & Gen Z are struggling in today’s economy? byu/Fun_Balance_1809 ineconomicCollapse
How does it feel to be living on the edge of a bubble just before it bursts? Ever since the days of the Great Recession, our leaders have been going to extremes that we have never seen before as they attempt to keep our failing economy propped up. The Federal Reserve has created trillions upon …
Authored by Charles Hugh-Smith via oftwominds, As the high generated by the previous iteration of financial repression wears off, the dose increases, as do the stakes when that high wears off. You’ve no doubt heard “We had to destroy the village in order to save it.” The original quote noted by reporter Peter Arnett in 1968 was “It …
Trade Services: The claim about trade services seeing the second-largest drop on record (-1.3%) in July and now being negative year-over-year is accurate. This reflects a significant decline in margins received by wholesalers and retailers. Economic Data Surprises: Economic data surprises have indeed been weak for several months, indicating that economic indicators have been consistently …
by Michael In your opinion, does it feel like we are in the middle of a recession right now? If you feel that way, you are definitely not alone. In fact, as you will see below, most Americans believe that the U.S. is currently experiencing a recession. Large employers have been conducting mass layoffs from …
by Michael Businesses are declaring bankruptcy at a much faster rate than they did last year. Thousands upon thousands of once thriving businesses are failing, but this just must be another sign that the economy is “fine”. No matter how bad the numbers get, we are assured that the people running things have everything under …
IMF forecasts, Canada will be fastest growing economy in G7 in 2025 🤣 https://t.co/lU8nK2w8Vb — Financelot (@FinanceLancelot) August 13, 2024 Interesting, to see this data. People in the UK should be asking their leaders, why the low growth? pic.twitter.com/9ZQkAkKRUS — floridanow1 (@floridanow1) August 13, 2024
The Treasury Department is being accused of trying to juice the economy, per Axios. "Short-term debt is becoming a rising share of all outstanding debt, while the share of long-term debt, like 10-year or 30-year bonds, stays flat." — unusual_whales (@unusual_whales) August 13, 2024 We spent 33% more on servicing the federal debt than on …
US PPI Final Demand (M/M) Jul: 0.1% (est 0.2%; prev 0.2%)– PPI Ex Food And Energy (M/M) Jul: 0.0% (est 0.2%; prev 0.4%)– PPI Final Demand (Y/Y) Jul: 2.2% (est 2.3%; prev 2.6%)– PPI Ex Food And Energy (Y/Y) Jul: 2.4% (est 2.6%; prev 3.0%) — LiveSquawk (@LiveSquawk) August 13, 2024 Futures on a tear …
Authored by Charles Hugh-Smith via oftwominds, The global economy is toast. All that’s left is the distribution of the burned bits. The six one-offs that drove growth and pulled the global economy out of bubble-bust recessions for the past 30 years have all reversed or dissipated. Absent these one-off drivers, the global economy is stumbling off …