Independent thinking for complex markets and current events
by Chris Black The post Covid boom is over for discretionary items. When people were locked at home, and flush with stimulus cash, they all bought new furniture and redid their homes. Furniture has insane markup. A table that costs $20 to make sells for $200 retail. Retailers believe they are entitled to the obscene …
The Wall Street Journal has recently report that due to China’s economy continuing to stumble and rocky relations with the United States, billions of dollars have been pulled out by international investors citing numerous concerns. The Shanghai and Shenzhen exchanges in China have seen $24 billion leave the market through a trading link in Hong …
by whodisguy32 US consumer credit card debt is at all time high, people don’t stay in 30% interest rate debt unless they are forced to. People are pulling back on essentials/food as reported by target. People don’t cut back on eating unless they are cut everything else. Trucking companies that are near or over 100 …
Just talked with a man who works with a local animal shelter on the Florida Gulf coast He said they’re overcapacity 10-15 new dogs coming in each day Why? He said it’s b/c families are struggling in this economy If you’re looking for new dogs for Christmas, I hope you adopt pic.twitter.com/5ODRJYDIG3 — DC_Draino (@DC_Draino) …
Sometimes, this is all it takes…those darn real estate bubbles. Goliath falls: Sudden bankruptcy of financial empire exposes Europe’s real estate bubble “for Swiss banks – what happened? With Signa Real Estate Management Germany GmbH succumbing to insolvency, Benko’s meticulously orchestrated financial symphony began to unravel. The abrupt surge in bad loan provisions by Julius …
The German economy faces increasing challenges as the latest data reveals a decline in private consumption and a drop in the IFO business confidence index. With household consumption decreasing and trade numbers showing a slump, Germany grapples with economic headwinds that contribute to a 3.8% year-on-year contraction in industrial performance. German Economy’s Downturn Driven by …
The U.S. narrowly avoids recession through exorbitant fiscal spending, raising questions about the sustainability of such measures. The ideological divide on economic policies, particularly Modern Monetary Theory (MMT), sparks debates on the feasibility of high fiscal deficits, leaving a lingering uncertainty about the future of economic stability. Exorbitant fiscal spending is probably the main reason …
Japan grapples with a pivotal moment as its key inflation measure shows the first acceleration in four months, hinting at potential inflationary pressures. Simultaneously, the nation faces a persistent downturn in factory activity, marking the sixth consecutive month of contraction, intensifying speculation about the Bank of Japan’s imminent pivot away from NIRP (Negative Interest Rate …
via naturalnews: Did you know that electricity prices in Germany are triple the cost of electricity here in the United States, all due to Germany’s “green” energy policies? In recent years, Germany has been phasing out coal and nuclear energy in a way that has been described in German media as “not well coordinated with the …
Brought to you by the same people who coined phrases like “funemployment” and “managed decline.” 40% of Gen Zers and millennials say it’s easier for them to find economic opportunities outside of traditional employment, per CNBC. — unusual_whales (@unusual_whales) November 20, 2023 SPOILER ALERT: The Fed is going to print more. Because reasons. EFFECT: This. …
https://www.cnbc.com/2023/11/15/japan-q3-economy-shrinks-far-more-than-expected.html Japan’s economy shrank way more than expected in the July-September period, provisional government data showed Wednesday, amid slowing global demand and rising domestic inflation. Provisional gross domestic product fell 2.1% in the third quarter compared to a year ago, after expanding 4.8% in April-June. This was a bigger contraction than the expected 0.6% decline …
LaToya Cantrell faces charges for violating state ethics laws The New Orleans Democrat Mayor spent $29,000 of the city’s money on first class flight upgrades She previously came under fire for treating her guards like ‘servants’ and living rent-free in a government apartment just 3 miles away from her 500k home The 51-year-old politician claimed …
The financial health of the American system is notably troubling across multiple fronts. Delinquency rates on commercial real estate loans have reached their highest levels in a decade. Bank stocks in the U.S. are faltering, hitting all-time lows when benchmarked against the S&P 500. Jamie Dimon and family are planning to divest $141 million in …
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 latest electoral projections from The New York Times and CBS paint a striking picture, indicating that if the election were held today, former President Trump would likely secure over 300 electoral votes. This is a significant shift from the 2020 election results, showcasing an 8-point swing in favor of Trump. The driving force behind …
View post on imgur.com via WSJ: Last week we learned that the economy, far from sliding toward recession as economists had predicted over the past year, has actually picked up steam thanks to indefatigable consumers. Not only has economic output made up all the ground lost during the pandemic, but it is also above where …
Biden’s Dept of Fake Data persists in downplaying the dire jobs situation, risking the stability of the economy. Job openings are plummeting, mirroring past financial crises, as the consumer’s dwindling savings set off alarming warnings about impending economic turmoil. Biden's Dept of Fake Data doing its thing: August jobs revised down by 62,000, from +227K …
US economy is nearing a sharp economic downturn Current yield curve steepening is one of the sharpest on record since 1990 Such a move has typically occurred right before or during a recession pic.twitter.com/RPs5ht81jA — Bravos Research (@bravosresearch) November 2, 2023 We are again in the everything rally mode! Gold, crude, equities, bonds and commodities. …
by DesmondMilesDant The data released by the US Bureau of Economic Analysis on October 26th showed that real GDP growth in the third quarter was 4.9 percent, 0.5 percentage points below the final GDPNow model nowcast released on October 25th. This suggests that inflationary pressures may be starting to build in the economy and could …
by j_stars The IWM ETF tracks the Russell 2000 Index, which is a market-cap weighted index of small-cap stocks. The fund has a expense ratio of 0.20%. Small business owners are struggling, despite claims of a thriving economy. Janet Yellen is (apparently) still on Mushrooms.
The cost of goods and services rose 0.4 percent for a second consecutive month in September, challenging the view that the Federal Reserve’s rate hikes are still bringing down inflation. The personal consumption expenditure price index was expected to cool slightly from the prior month. Over the past year, the index is up 3.4 percent. …
Probably Nothing A credit starved economy… https://t.co/ArAHmjtPei — The Macro Guy (@SagarSinghSetia) October 27, 2023 🇺🇸 US M2 money supply -3.58% YoY. In #recession and #depression territory! pic.twitter.com/EXWniNBrUu — Alex Joosten (@joosteninvestor) October 27, 2023
These entrepreneurs, spanning various sectors, face challenges such as limited credit access, rising debt, reduced consumer spending, and escalating labor costs. One poignant example is a retail store owner, who, after a decade in the community, had to return to a corporate job to keep the business afloat. “The Economy is doing well” Let’s talk …
Real Disposable Personal Income 1970 thru 2022 % change (Y-o-Y) in real disposable personal income. pic.twitter.com/P4zZd6EPFF — Win Smart, CFA (@WinfieldSmart) October 24, 2023 JUST IN 🚨: U.S. Mortgage Rate surges to 8.35%, the highest level in more than 23 years and quickly approaching rates not seen since 1995 👀 pic.twitter.com/I1zSxo4FI0 — Barchart (@Barchart) October …
In August, China experienced its largest monthly capital outflow in nearly eight years. China had a capital outflow of $49 billion in August, the largest monthly outflow in almost 8 years 🚨 pic.twitter.com/h9dXDHxC8s — Barchart (@Barchart) October 22, 2023 https://twitter.com/NorthmanTrader/status/1716166335049114018 China’s Country Garden risks default after ‘missing bond payment’ The crisis in China’s property sector …
