Independent thinking for complex markets and current events
VOTERS TRUST TRUMP ON 4 MOST IMPORTANT ISSUES Former President Donald Trump holds a double-digit lead over President Joe Biden on the four most important issues facing Americans today, according to new polling from @ScottWRasmussen. The @RMG_Research survey asked registered… pic.twitter.com/AgJf3mpQT1 — Rob Bluey (@RobertBluey) June 14, 2024
Just a decade ago, Indian GDP was the eleventh largest in the world. Now, with 7 percent growth forecast for 2022, India’s economy has overtaken the United Kingdom’s in terms of size, making it the fifth biggest. That’s according to the latest figures from the International Monetary Fund. India’s growth is accompanied by a period …
The Russian economy has overtaken Japan to become the fourth largest in the world in PPP terms (purchase power parity), according to revised data from the World Bank released at the start of June. As bne IntelliNews reported in August, Russia had already overtook Germany to become the fifth biggest economy in adjusted terms. Hit …
by confoundedinterest17 Joe Biden is a dishonest politician, so it is no wonder that he ignores actual data. Like claiming that crime is down under his leadership, when it is actually large cities like New York and Los Angeles not reporting their crime data to the FBI. Take the May jobs numbers. The BLS reports …
by Mr8472 They tell us that government DATA is more real than our wallets and that we are just too stupid to comprehend how good the economy is. Bulls**t! 2/3 of Americans dont have 1000 Dollars in case of an emergency 3/4 of the Middle Class are “gasping for air” Inflation was easily 2x what …
h/t BLOWED UP REAL GOOD
The US economy is edging precariously close to a recession, and it's flashed a handful of warning signs in just the last week that suggest a downturn is on the horizon, according to Société Générale + BI. — unusual_whales (@unusual_whales) June 11, 2024 This is crazy. They are calling 2024 “Restaurant Armageddon” as the consumer …
Tensions between China and the United States have been escalating for years, fueled by economic competition, geopolitical disputes, and a series of diplomatic confrontations. Recently, China has taken a significant step that further complicates this fraught relationship by cutting ties with a record number of US treasuries and agency debt bonds worth $53.3 billion. This …
Canada and EU has already cut rates this year The global economy awaits the most coordinated easing since the Great Financial Crisis. 10 out of 11 major central banks are expected to cut rates in the second half of 2024, the most banks in 16 years.👇https://t.co/4SILXocj5M — Global Markets Investor (@GlobalMktObserv) June 8, 2024 Today's …
The dreaded stagflation. Govt spending can’t cure it. The only fix is to purge the economy with fire and let bloated businesses go bust which no govt will allow to happen. So they’ll fight it with even more debt and only make the final result worse. h/t Perfect_Alarm_2141
🚨BANK OF CANADA CUTS RATES🚨 Why does this matter? They did so in the face of persistent shelter inflation In Canada in March, shelter prices increased by 6.5% year-over-year, with rent increasing by 8.5% THEY CUT ANYWAY. America, your move next 🇺🇸 https://t.co/dT8nXxwplx — Amy Nixon (@texasrunnerDFW) June 5, 2024 Rates are cut 25 basis …
Recent economic updates from the U.S. paint a bleak picture, stirring deep unease among investors. The latest indicators, including the sharp decline in the Bloomberg Economic Surprise Index, signal a worrisome underperformance reminiscent of the tumultuous trends observed in 2019. This downturn in economic sentiment comes at a precarious moment, with all eyes fixed on …
via notayesmanseconomics: The economic theme of 2024 so far has been the expectation of and then the failure to appear of interest-rate cuts in the United States. This has a particular feature in that one member of the US Federal Reserve Neel Kashkari has apparently been on quite a journey and let us start with …
via Mike Shedlock Today the BEA released April data on inflation-adjusted income and spending. Let’s discuss the charts. Data from the BEA and BLS, chart by Mish Personal Income and Wages Key Points DPI stands for Disposable Person Income. Disposable means after taxes. Real means inflation adjusted. Income includes wages, dividends, rent and all sources …
Crickets sound around this all across FinTwit… 🦗🦗🦗 https://t.co/lO1isTZN07 — JustDario 🏊♂️ (@DarioCpx) May 31, 2024 Recessions are contagions in a global economy. Because we buy and sell so much to one another. Who are the primary buyers of Hong Kong products? That will tell you who’s already in recession. https://t.co/AJfk6kSlkV — Uncle Milty’s Ghost …
John Legend claims Black voters leaving Biden because of ‘masculinity,’ ‘disinformation’ on economy Liberal singer John Legend blamed “disinformation” and ideas about “masculinity” for driving Black and Latino voters to support former President Trump this election. “I do think Trump performs a form of masculinity that is appealing to some men,” Legend reacted to a …
"If the U.S. economy is headed for trouble, no one told the junk-bond market."@Vlajournaliste pic.twitter.com/s3WVZCToIH — Daily Chartbook (@dailychartbook) May 23, 2024 Pay attention. It's begun! pic.twitter.com/ozFRa1xB6y — The Great Martis (@great_martis) May 23, 2024 👀 👇For the first time in the history of the United States, interest payments will likely overtake defense spending in …
11% of Americans are on Food Stamps … But yeah, there is no recession … Everything is just hunky dory. 🚨🚨🚨 pic.twitter.com/fFb4ylz7LC — Wall Street Mav (@WallStreetMav) May 22, 2024 A wave of America’s retirees are dusting off their résumés and stepping back into the workforce, seeking financial stability as inflation changes the trajectory of …
Former Chrysler and Home Depot CEO Bob Nardelli warned that the fault lines of the economy are “about ready to crack” on Monday, adding that the Biden administration’s alleged policy missteps could leave a cumbersome mess for the next person who sits in the Oval Office to clean up. “What I’ve seen over the past …
Joe Biden has just passed numerous tariffs against China. But these tariffs will not help America close the manufacturing gap with China, nor will it stop China’s rise. The real loser in this entire trade war is the American consumer who will pay more for the products they need. In today’s video we break down …
“President Javier Milei of Argentina continues to stun his critics with an economy that has outperformed expectations and continues along an ambitious path for national security, including pursuit of a NATO global partnership. “The fact that you have a president, head of state, who is defending the free market, who is defending the role of …
Average Americans are feeling more anxious about money than ever before. After enduring one financial disruption after another, it’s hard to feel positive when you don’t know what’s around the corner. Experts called it “financial shock fatigue,” – a phenomenon that helps to explain why so many people are worried about their financial security right …
https://x.com/Gr8fulAmerican/status/1791454188037198161 https://x.com/jamesross/status/1791468603260256658
Trigger Warning: Chart of the Day: Citi Surprise Index vs SFR9 My hypothesis is that the US economy has begun to slow due to the long and variable lags of monetary policy finally starting to offset the positive benefits that have come from higher government deficits putting… pic.twitter.com/KP9FXPKLqH — Craig Shapiro (@ces921) May 16, 2024 …
You just have to look around and see what’s happening to the restaurants in your area to understand that the U.S. economy is headed in the wrong direction. When the economy is booming, restaurants are full and chains open more locations to expand their business. But when the economy is struggling, restaurants get increasingly emptier, …
Financially stressed consumers are ushering in an economic slowdown Wednesday’s retail report is another piece of evidence that the economy is slowing. That’s good in the sense that it doesn’t give retailers the ability to pass along higher prices to consumers if they aren’t willing to accept them, which had previously been the case. “But …
by alcatpone Throughout this year, the prevailing narrative has been one of a robust economy, with assurances of widespread prosperity: low unemployment, rising wages, and increased earnings for the populace. However, from my perspective, this portrayal doesn’t resonate with reality The US economy is officially in stagflation, possibly worse, and I believe it’s in a …
