Independent thinking for complex markets and current events
by DAVID HAGGITH Xi did not even show up to his own keynote speech, and everyone downplayed Brazil’s notion of a BRICS currency … even Brazil! First let’s talk about the US economy because financial writers are still misunderstanding where the true fault lines are, even as the pressures keep building for “the big one” …
On Monday’s broadcast of CNBC’s “Squawk Box,” White House Council of Economic Advisers Chair Jared Bernstein acknowledged that it’s “fair” to point out that prices are still elevated and things are still expensive even though the rate of inflation is going down, but said that questions about inflation hurting President Joe Biden’s job approval numbers …
Will US consumer spending lead to a “soft landing”?
We just met with the President of Serbia, Aleksandar Vučić, at the Serbian Embassy in Budapest. Here’s what happened. pic.twitter.com/R4fcTMBTlV — Tucker Carlson (@TuckerCarlson) August 20, 2023 Cold War / Arms Race of the 80s destroyed the Russian Economy. What goes around comes around. Joe Biden and Nancy Pelosi’s trillion-dollar spending spree has ruined our …
🔹$33 trillion of federal debt 🔹$70 trillion of combined government, corporate and household debt 🔹$1 trillion of annual interest payments on debt 🔹$1 trillion of annual trade deficit 🔹$1 trillion of credit card debt with 20% interest rates 🔹Massive housing bubble 🔹Stock market inflated by financial engineering 🔹$600 trillion of derivatives – fugazi – pretending …
UAW strike of all ‘Big Three’ Detroit automakers would cost economy $5.6B Less than a month remains until the September 15 deadline for new contracts Union boss Shawn Fain is calling a strike authorization vote next week A ten-day strike by the United Auto Workers that shuts down the ‘Big Three’ Detroit automakers would cost …
by Chris Black Part of this is obviously the remaining fallout from that lunatic coronavirus hoax. But a lot of it, particularly in Germany, has to do with the war and the fact that the Bidens blew up Germany’s pipes. The lack of international demand for German goods (which are mostly “luxury goods” or at …
To be clear I shouldn’t of said 43 million, that’s all Americans with student loans. According to Forbes 6.4m are still in school and 500k are making payments. So about 36 million is a more accurate number. Concept remains the same. — George Gammon (@GeorgeGammon) August 16, 2023
Another Lehman Brothers? — Mr. X 🇺🇸 (@Wonder4X) August 16, 2023 HEDGE FUNDS DUMP CHINESE STOCKS AGGRESSIVELY AS GROWTH OUTLOOK DIMS — FXHedge (@Fxhedgers) August 15, 2023 OOPS! #China 10y yields keep falling in a sign that the economy is hard landing/crashing. China 10y yield now at 2.6%, the lowest level since Corona crisis in …
Explainer-How much worse can China’s economic slowdown get? HONG KONG (Reuters) – China’s economic activity data for July, including retail sales, industrial output and investment failed to match expectations, fuelling concern over a deeper, longer-lasting slowdown in growth. THE DEMISE OF CHINA’S GROWTH HAS BEEN MISTAKENLY FORECAST BEFORE. IS THIS TIME DIFFERENT? Activity data has …
by confoundedinterest17 Inflation is a killer to the middle class and low-wage worker. Yet there are always apologists for terrible Federal spending and Federal Reserve monetary policies. Like Alex Bereson with his “How we stopped inflation without a recession (hint: by not stopping inflation).” Before I look at Berenson’s plea for more inflation, let’s see where …
by Optimizer255 For those unfamiliar with the colors of the political compass: Red is the authoritarian left. Green is the liberal left. Blue is the authoritarian right. Yellow is the libertarian right. The welfare state should be abolished, and the right libertarian position on borders should be private borders. Anyone has the right to accept, or reject, …
pic.twitter.com/uX9VoRGdXK — Genevieve Roch-Decter, CFA (@GRDecter) August 15, 2023 Does anyone remember August 2015 – Yuan deval? Well, it's about to be a lot worse this time as the Chinese government can't stimulate the economy and support the currency at the same time. So why not just let the currency do the heavy lifting? pic.twitter.com/fAcHUIQMhH …
Yet if the debt hanging over China’s economy limits the potency of the government’s response, that could bring about the worst fears — a plunge in housing prices, followed by expensive rescues of strapped lenders, and an unruly exodus of money. That outcome most unnerves government officials, given that it could bring joblessness, business insolvencies …
Bidenomics: Small Business Outlook Remains Dismal For 19th Straight Month The Biden White House has been struggling to get the American public to buy into its positive spin on the economy, which it has dubbed Bidenomics. On Tuesday, a survey of small businesses indicated why that is such a hard sell. Small business owners have …
WASHINGTON (TND) — Despite the Fed and other major institutions – like Bank of America and JP Morgan – no longer predicting the economy will head into a recession, Americans are still not happy with the state of the economy. A recent poll from CNN shows Americans think the economy is getting worse, and another from the Associated Press found only 34% approve of …
I will reserve judgement on today's strong open until we see the close. Because that's what happens in bear markets – strong opens, weak closes. What we saw all last week. But really, what could go wrong? pic.twitter.com/PnEtb0MYXR — Mac10 (@SuburbanDrone) August 7, 2023 Big divergence between S&P 500 industrials and leading economic indicators The …
via dnyuz: Leftist Joy Behar — who reportedly earns $7 million annually as a co-host on “The View” — said on Friday’s program that “the economy is booming” and “people are having an easier time putting bread on the table” in a passionate defense of President Joe Biden. What are the details? NewsBusters noted that Behar “flipped out …
In 2008 Ben Bernanke Said the same thing. Joy Behar claims that everything is going great in the country: "The economy is booming, inflation is down…people are having an easier time putting bread on the table." Why do the fact checkers never fact check The View? pic.twitter.com/EXKYm5XSIk — Tim Young (@TimRunsHisMouth) August 4, 2023 AC
via Lance Roberts “The stock market is not the economy.” Such is the latest rationalization to support the “bull market” narrative. The question, however, is the validity of the statement. During the 2020 economic shutdown and surging market rebound I stated: “There is currently a ‘Great Divide’ happening between the near ‘depressionary’ economy versus a surging bull market in equities. …
I’ve seen the commercials on TV, get free money by claiming your business tax credit, we’ll get a check for you. Equivalent to the ambulance chasing lawyer commercials. Not sure how long this can go on, but $20-30 billion per month flowing into businesses from this program. October 1st is when student loan pause is …
by confoundedinterest17 Bidenomics is where the Attorney General Garland gives Hunter Biden blanket amnesty and arrests Biden’s Presidential opponent. Welcome to the United Venezuelan States of America!e The new regime talking points are out – namely that Fitch downgraded the US credit rating from AAA to AA+ on Tuesday because of MAGA Republicans and all …
Once people start to repay student debt again all those expensive trendy useless mall shops will start shuttering their satanicly advertised windows: US Economy Braces For Chaos As $1.5 Trillion Student-Loan Pause Ends After a three-year pause due to the pandemic, some 28 million US borrowers will once again face their student loan obligations – while grappling …
the Fed trying to cool the economy. The economy: pic.twitter.com/QomCnuccnt — The Market Dog (@TheMarketDog) August 1, 2023 https://twitter.com/NorthmanTrader/status/1686388484272234496 ISM US manufacturing employment contracted in July ISM Manufacturing Employment decreased to 44.40 points from 48.10 points in June. pic.twitter.com/4KCH2dVsoU — Don Johnson (@DonMiami3) August 1, 2023 Global Manufacturing PMIs updatesrc: BBG pic.twitter.com/KvFlPmkluJ — Axel Merk …
UK money supply is now falling. pic.twitter.com/2bzfTGGXBi — Longview Economics (@Lvieweconomics) July 31, 2023 The Chinese service sector not exactly firing on all cylinders. pic.twitter.com/zIYDn3C6XK — Longview Economics (@Lvieweconomics) July 31, 2023 Australian Business Credit y/y growth posted its slowest print of this cycle as RBA hikes begin to hit the Ozzieland… Housing sector health …
by Michael If you believe the corporate media, the U.S. economy is doing absolutely great as we start to roll through the second half of 2023. Even though inflation is out of control, the commercial real estate market is in free fall, corporate bankruptcies are surging, and large businesses all over America are conducting mass layoffs, …
What amazes me is people looking at something as simple as the yield curve and saying “this time it’s different” w/o giving any explanation why there’s so much demand at the long end of the curve. It’s not different this time, this cycle is playing out like every other cycle. — George Gammon (@GeorgeGammon) July …
by DesmondMilesDant This is concerning for bondholders. Stock holders love real GDP going higher. Inflation running above 4% is bad for both though.
