If she was making $200k a year our economy is f**ked
If she was making $200k a year our economy is fucked — CrazyCuck69 (@CrazyCuck69) August 8, 2024
economy
One must wonder how much a 6% GDP deficit in a 2% GDP economy is hiding actual recession.
One must wonder how much a 6% GDP deficit in a 2% GDP economy is hiding actual recession. Here is the monthly hiring rate: pic.twitter.com/nVNbmA9ANm — Mac10 (@SuburbanDrone) August 8, 2024 Simple https://t.co/pnXlhL7zAN pic.twitter.com/mPqlutVkDc — Alessio (@AlessioTMAD) August 8, 2024 https://twitter.com/RJRCapital/status/1821526742135079234 This is the highest S&P 100 (mega cap) volume since the pandemonium. The top …
This Is What The Final Stages Of A Bubble Economy Look Like Just Before A Collapse Happens
by Michael 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 …
Harris-Biden Treasury Sec. Janet Yellen says their “transition to a lower carbon global economy” will “require no less than $3 trillion” each year
Harris-Biden Treasury Sec. Janet Yellen says their "transition to a lower carbon global economy" will "require no less than $3 trillion" each year pic.twitter.com/Ho5AoT3e9e — RNC Research (@RNCResearch) July 28, 2024 This idiot wants $78 Trillion to fight the weather. U.S. Treasury Secretary Janet Yellen said during a speech in Belem, Brazil, on Saturday that …
Bidenomics Kicks in, Economy is on a tear, Inflation plunges and Unemployment Falls!
BY DAVID HAGGITH And I’m DEAD WRONG on all of it (if all that you read is true)… but so is the Fed! Photo by Andrej Lišakov on Unsplash I’ve had, one might say, a great run for all of my predictions this year. Every step along the way, I was able to show where they came true. …
Car repossessions skyrocket. Economy at tipping point.
Car repossessions have surged recently. In 2024, car repossessions increased by 23% compared to the previous year, which is also 14% higher than pre-pandemic levels. This rise is largely attributed to financial distress among consumers, with many struggling to keep up with their car payments due to higher interest rates and overall economic pressures.
The “Blue Screen Of Death” Could Throw The Global Economy Into A State Of Chaos For Weeks
by Michael It has become glaringly obvious that we are way too dependent on our computers. The “largest IT outage in history” has thrown the entire global economy into a state of chaos, and we are being told that it could take “weeks” to fully recover. Countless flights have been canceled, hospital services have been disrupted, online …
The Bloom is off the Rose for this Economy (and the Sunflower Ain’t so Sunny either)
BY DAVID HAGGITH The fall in stock values widened significantly today; unemployment rose to recession levels; oil prices say stagflation through the summer; and the Houthis still rule. Photo by Jennifer Uppendahl on Unsplash Here’s a quick rundown on the economy from today’s news. Stocks take a bath Stocks are still tanking. Today, the Dow joined the tumble …
Across China, multiple indicators of social stress are flashing red as weakness in the economy takes its toll.
In the predawn darkness, the Houba labour market in Guiyang is a sea of construction helmets as day workers seek temporary jobs in the south-western Chinese city. But many of these so-called migrant workers, labourers who have left their homes in mostly rural areas to find jobs in the city, will leave disappointed. China’s property …
Stocks Soar for Economy in Doldrums
BY DAVID HAGGITH And Fed feints toward a September rate cut because the economy is slowing. Photo by Annie Spratt on Unsplash Traders are now betting 100% odds that Powell & Co. will lower interest rates in September, and Powell’s dovish tones, as talked about in my last editorial, certainly sound like he is preparing to move that …
SHOCK REPORT: 40 Chinese Banks VANISH IN ONE WEEK, marking severe consequences for the global economy.
Western MSM minions like NYC, CNN, WSJ, BBC, DW etc are silent about whats happening in China. Because they get millions of dollars from Chinese companies. Its only because of whistle blowers and local translators through social media that this kind of news surfaces. — The Macro Story (@themacrostory) July 12, 2024 Background: China’s regulators …
FICO TELLS THE WAR ECONOMY MILITARY INDUSTRIAL COMPLEX TO F**K RIGHT OFF!
🇸🇰 Slovakia says "no" to Ukraine Slovakian Prime Minister Robert Fico stated that his party will not support Ukraine's entry into NATO, citing concerns that it would lead to the Third World War. pic.twitter.com/7uUY3fT1rw — DD Geopolitics (@DD_Geopolitics) July 11, 2024 Slovakian Prime Minister Robert Fico recently expressed his opposition to Ukraine’s NATO membership. He …
HEADS UP – Lumber Is Proof Of A Crashing Economy…
Long Term Unemployment = Jay Powell’s Unexpected Weakening = Recessions It was in his May FOMC presser that he said that an ‘unexpected weakening’ of the labour market could cause the Fed to change course. Two months on he’s got one. Long term unemployment, defined by being… pic.twitter.com/4TgxSrznMP — PPG (@PPGMacro) July 10, 2024
US Economy Slowing Like Biden, Down To 1.7% (According To Hot ‘Lanta Fed), Mortgage Payment As % Of Income Near Highest Since Early 1980s
by confoundedinterest17 Hot ‘Lanta! Or perhaps COLD ‘Lanta! And despite what Biden says, thiere isn’t an economic revival. Yes. everyone can see the mental decline in President Biden and he should be in a nursing home. While he vows to run for President against Donald Trump, can you imagine what he will be like in 2 years? …
3rd largest economy is in a recession. Households spending declined in the last 14 out of 15 months.
THIS IS REALLY CONCERNING: Japan households spending declined in the last 14 out of 15 months. Meanwhile, Japan's GDP shrank at an annualized pace of 2.9% in Q1 2024, rose slightly by 0.1% in Q4 2023 and contracted by a whopping 4% in Q3. 3rd largest economy is in a recession. pic.twitter.com/FgF9ZKzkkQ — Global Markets …
The US economy is cooling quicker than most analysts think. The Fed will be as late in starting to cut as it was too late in starting to hike.
Alas, looks like the US economy is cooling quicker than most analysts think. The Bloomberg US Economic Surprise Index has dropped to a 9-year low. pic.twitter.com/bnVdCfKfGj — David Ingles (@DavidInglesTV) July 4, 2024 🇺🇸 Although FOMC minutes included some saying rates "might need to be raised", our old Fed model continues to point to a …
US economy keeps on downshifting
BY DAVID HAGGITH Photo by the blowup on Unsplash Payroll moves down (in new jobs) are looking a little less like head fakes (or just getting better at it) as they are down in June for the 4th month in a row. Before anyone makes too much of that, though, I’d point out that this still leaves them …
Gen Zers are so disillusioned with the economy that they think it’s OK to commit fraud
Each quarter, my company Sift produces an index report to better understand the latest online fraud trends, including how businesses and consumers are affected, emerging fraud tactics, and how fraud impacts consumer behavior when making purchases online. For the past two quarters, we’ve seen a surprising generational divide emerge: Gen Z— born between 1997 and …
George Gammon: Americans are tapped out… Gareth Soloway: The economy is in trouble
And once again, another retail company signals consumer spending is stalling quickly. $NKE falls over 12% (huge move for that stock) in after-hours on lower forecast. The economy is in trouble. Will take time to develope but it is coming. — Gareth Soloway (@GarethSoloway) June 28, 2024 Top two stories on CNBC from Walgreens and …
Hey Big Spenders! 16 Nobel Prize-winning economists say Trump policies will fuel inflation (big spending gov’t +37.7%, US debt up 50% under Biden driving the economy, along with Federal Reserve)
by confoundedinterest17 Hey big spenders (Biden, Congress and the 16 Nobel prize winning economists). June 25 (Reuters) – Sixteen Nobel prize-winning economists signed a letter on Tuesday warning that the U.S. and world economy will suffer if Republican presidential candidate Donald Trump wins the U.S. presidential election in November. The jointly signed letter, first reported by Axios, says …
Commerce Secretary: ‘We Want China’s Economy to Flourish’
Raimondo answered, “I don’t have anything specific to announce or specific that we might be working on. It’s more of a — it’s a dynamic process, right? When we learn information about what China might be doing, other countries diverting chips to China, then we take action. Here’s what I will say: We want China’s …
The Stock Market WILL CRASH 80% OR MORE. Extreme Distortions…. David Rosenberg: ‘Our Economy is Running on Borrowed Time – Severe Fallout Ahead’
Despite recent highs in the S&P and Nasdaq, Rosenberg warns of imminent economic downturns that could have devastating effects. From rising delinquency rates in consumer credit to the bursting of the Canadian housing bubble, tune in to discover a what lies ahead for our economy and your portfolio.
China’s sputtering economy and failing prosperity might provoke kinetic backlash against its police state.
China’s economy is sputtering, with sales, production and investment all missing while the housing slump continues despite massive government aid. The one bright spot — exports — is now in danger of a trade war. The question from her is will the Chinese people put up with a… pic.twitter.com/OHlLz1AVF2 — Peter St Onge, Ph.D. (@profstonge) …
S&P 500 hits 31st all-time high this year despite deteriorating US economy…. It is safe to say that the stock market has topped
1) US STOCK MARKET WARNING 2) S&P 500 hit its 31st all-time high this year and is up 15%. 3) Is NVIDIA at an inflection point? 4) The US economy continues deteriorating. Read below the weekly market recap for the trading week 25/2024👇https://t.co/CtDDeknZSF — Global Markets Investor (@GlobalMktObserv) June 24, 2024 https://twitter.com/MFHoz/status/1804899212238201115 Won't be long …
The Anxiety Economy
Authored by Charles Hugh-Smith via oftwominds, We’re told to stop being so darn negative even as the tsunami of inequality washes away the beach chairs of the bottom 90%. The disconnect between the happy story of the economy is growing healthily, so all is well and the insecurity and stagnation experienced by the bottom 90% of wage …
Pensions are losing money (this doesn’t happen in a healthy economy)
by TyreeThaGod The next time some financial expert from the New York Times tells you how terrible it is that you have a 401(k) that you control instead a pension, remember this. https://www.msn.com/en-us/money/personalfinance/pensions-piled-into-private-equity-now-they-can-t-get-out/ar-BB1ogPlM Pensions piled into private equity, now they can’t get out Private-equity and pension funds seemed like a match made in heaven. U.S. …
The US Economy is a story of the magnificent 7, fiscal deficits and contradictory employment estimates
via notayesmanseconomics We have seldom been in a time where there has been so much confusion and uncertainty about the US economy. We came into 2024 with the Conference Board leafing indicators having suggested a recession on the cards and then saw that annual economic growth had been around 3%. More recently the two surveys …
Job openings plummet 42% in 2 years in world’s 5th largest economy.
https://twitter.com/GayBearRes/status/1802451948626415808 The number: California is suffering from the nation’s second-biggest drop in job openings since the Federal Reserve began hiking interest rates two years ago. The source: My trusty spreadsheet looked at job openings for the 50 states and Washington, D.C., for March – the latest available – and compared them with March 2022. The why: The Fed …