Independent thinking for complex markets and current events
“Despite US economic activity sharply contracting, the market has been moving higher This is not the time to FOMO” Despite US economic activity sharply contracting, the market has been moving higher This is not the time to FOMO pic.twitter.com/LymLphScDd — Bravos Research (@bravosresearch) July 5, 2023 “The labor market has begun weakening Jobless claims has …
The third OPEC+ oil cut. Oil ended down on the news. Sign of an extremely weak global economy. pic.twitter.com/Ic3kgQWpFf — Mac10 (@SuburbanDrone) July 3, 2023 Optimism around the Chinese consumer has faded following the re-opening A weakening Chinese economy is a major red flag for the global economy pic.twitter.com/8sDZ0BweP2 — Bravos Research (@bravosresearch) July 3, …
“If the economy is re heating and we are avoiding a recession then inflation will also re heat and they will raise more and we will still end up in a recession. Yes, it is that simple.” If the economy is re heating and we are avoiding a recession then inflation will also re heat …
by BoatSurfer600 via reuters: A total of 130 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half in advanced development, pilot or launch stages, a closely-followed study shows. The research by the U.S.-based Atlantic Council think tank published on Wednesday said significant progress over the past …
via Karl Denninger: I know, you won’t read this if you’re even slightly-leftward because…. it’s Fox. Louisiana environmentalists and locals are growing increasingly concerned about certain carbon capture projects supported by President Biden’s climate initiative, as nearby Black communities grapple with already elevated cancer risks from existing chemical plants. The EPA was never intended to be able …
by Michael Despite so much evidence to the contrary, the Biden administration continues to insist that the U.S. economy is on the right track. But is that really true? Thanks to the Federal Reserve, interest rates are now much higher and the money supply has been contracting at the fastest pace since the Great Depression. …
by Dismal-Jellyfish Source: https://www.bankofcanada.ca/2023/06/summary-governing-council-deliberations-fixed-announcement-date-june-7-2023/ Highlights: “the economy remained clearly in excess demand and that the rebalancing of supply and demand was likely to take longer than previously expected.” “members felt that enough data had accumulated to convince them that more restrictive policy was needed.” Growth of gross domestic product (GDP) in the first quarter was …
by TonyLiberty It is no surprise that student loan debt in the United States has reached such a high level. With the cost of college tuition continuing to rise, more and more students are taking out loans to pay for their education. This problem is only compounded by the fact that many graduates are struggling …
via theorganicprepper: When banks began collapsing one after another back in March, a lot of people were spurred into action. They pulled out cash, moved large sums of money around, and made tangible investments to protect themselves. Then, First Republic failed a few months later. But then something mysterious occurred. People became complacent about the economy. Maybe it’s …
The largest restaurant chains in America are struggling to overcome waning demand as the economy continues to slow down. Even giants like Domino’s Pizza, which operates almost 19,000 stores worldwide, are reporting a series of challenges and financial losses in 2023. The chain is now closing thousands of underperforming locations after recent price hike controversies …
Are you completely exhausted from seeing your bills piling up every month? Do you feel like no matter what you do, your financial situation never actually improves? Are you noticing that your purchasing power can’t afford the same it used to just a few years back? Money trouble is keeping a growing number of Americans …
"Deutsche Bank's "top minds" put recession risk at 100%. Avoiding hard landing would be unprecedented" Therefore, it's consensus.https://t.co/tbpQWAhxxK — Mac10 (@SuburbanDrone) June 16, 2023
Guest Post from James Bosco via chicagocontrarian.com There are perils to empowering the state to pick economic winners and losers In August 1923, with the unexpected death of President Warren G. Harding, Vice President Calvin Coolidge became the 30th president of the United States. At that time, the gregarious Harding’s presidency was mired in scandal. For many, …
by confoundedinterest17 Biden and The Fed are playing their own version of Johnny Horton’s “Sink The Bismarck!” This version is called “Sink The Economy!” The commercial real estate space is experiencing stress following the recent turmoil in the regional bank sector, with the rapid rise in interest rates, tightening lending standards, and structural changes, such as sliding demand …
🤣🤣🤣🤣🤣🤣🤣 https://t.co/oxH5lDpA4H — Darth Powell (@VladTheInflator) June 8, 2023 US credit card delinquency rates are currently at "normal" 2019 levels but there are some ominous signs for the consumer credit market. Are we going to see a "newly prime" lending crisis this time? pic.twitter.com/i2xDXpNY3Y — Boaz (@sobradob) June 1, 2023 Credit Card Debt Keep Surging …
https://twitter.com/NorthmanTrader/status/1666781333668913152?cxt=HHwWgICz-deyzKEuAAAA Janet Yellen, with one of the worst records ever of making predictions … now says this. pic.twitter.com/uv82aT3fgz — Wall Street Mav (@WallStreetMav) June 8, 2023 h/t Simian_Stacker
by confoundedinterest17 Fed inferno! One has to wonder about The Feral Reserve. Since The Great Recession of 2008, The Federal Reserve has printed a staggering amount of money (know as QE). There is still about $8.3 TRILLION in monetary stimulus sloshing around the economy. And M2 Money printing is up 167% since November 2008. So, …
by confoundedinterest17 Welcome to the Bidenville Mortgage Depot! Where Bidenflation (caused by idiotic energy policies, crazy Fed money printing and insane Federal spending) has caused The Fed to raise rates crushing the US mortgage market. Mortgage applications decreased 1.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications …
via naturalnews: Major retailers are sounding alarm bells over the current state of the economy in light of shifting customer demand at their stores as they struggle to find new ways to remain profitable. Big chains like the department store Macy’s and warehouse club Costco report that shoppers are changing their purchases and spending less …
via CNBC: Millionaire investors are adding to their mountains of cash, betting on higher interest rates and weak stock markets in 2023, according to the CNBC Millionaire Survey. More than a third of millionaire investors, 34%, report keeping more of their money in cash, according to the survey, which surveys households with $1 million or …
HOLD ON TIGHT: Top economist David Rosenberg says the US economy is a ‘dead man walking’ – and warns of a ‘hard landing’ ahead. “You look at the United States and it seems to me that we’re still making this transition from expansion to recession,” Rosenberg said. “I know it sounds extremely controversial to talk about …
by Charles Hugh-Smith Now that the US economy is totally dependent on trillions of dollars in stimulus and speculative gains reaped from the stimulus, there is no Real Economy left to pick up the pieces when the credit-stimulus-speculation bubbles all pop. When economists speak of organic growth, they’re referring to growth that arises naturally from the expansion of population, advances in productivity gained from better training and wise …
by Michael We are in far more trouble than most people realize. In recent months, our rapidly growing economic problems have gotten a lot of attention, and without a doubt our economy is heading into really hard times. The greatest debt bubble in the history of the world has started to implode, and the end of this “mega-cycle” is going to cause an immense amount of …
by Shaun Richards The economic story of 2023 was supposed to be one where the re-opening of China after Covid saw its economic growth surge again.Except as we have been noting increasingly the economic engine has been rather stuttering. Back on the 17th of this month we looked at some disappointing manufacturing and production figures for April and this morning there …
by confoundedinterest17 Another day under Biden/Yellen. Last night, “Republicans” joined Democrats to allow unlimited Federal spending and debt for the next two years. Way to go “Benedict McCarthy”! But today, we saw that ISM Manufacturing printed at 46.9 for May, the 7th consecutive month of contraction. Meanwhile, the Biden family twists the night away while Americans are ravished by inflation caused by bad …
by confoundedinterest17 So much for Biden’s “miracle economy.” Challenger jobs cuts report is out for May and job cuts soared 286.7% year-over-year (YoY). As M2 Money growth crashes.
by Chris Black Goldman Sachs’ online bank, Marcus, is the only large bank offering a competitive interest rate (https://www.bankrate.com/banking/money-market/rates/) on its savings accounts – over 400 times that being offered by JPMorgan Chase, Bank of America, and even Citibank. Marcus (https://www.marcus.com/us/en/savings/high-yield-savings) is the online banking platform offered by Goldman Sachs Bank USA – which is …