Independent thinking for complex markets and current events
Our societal breakdown is happening by design. via YAHOO: Losses from retail crime ticked up in 2022, causing many retailers across the country to change the way they do business, according to a survey released on Tuesday by the National Retail Federation. “Retailers are seeing unprecedented levels of theft coupled with rampant crime in their …
LAS VEGAS (KLAS) — The teenager who police say intentionally struck and killed a retired police chief in Las Vegas said he would get a “slap on the wrist” after he was taken into custody, the 8newsnow.com Investigators have learned. Jesus Ayala, 17 at the time, appeared to show no remorse while being taken into …
ALERT: A Major War Escalation may be about to happen!! There is no doubt that Elon Musk may have prevented a retaliatory Nuclear Strike from Russia after Ukraine attempted to sink the Black Sea fleet using Starlink Satellite services. The US military has now been given control of Starlink and thereby the Ukrainians. We can …
“As Canadian, I strongly believe that this country will face one of the biggest collapse in housing bubble. This government, speculators could try to delay it, but no one could stop it. The fact is here, and no one can deny ! History repeats itself, is chosen. It has begun!” As Canadian, I strongly believe …
BULLETIN Hurricane Idalia Advisory Number 11 NWS National Hurricane Center Miami FL AL102023 400 AM CDT Tue Aug 29 2023 …IDALIA NOW A HURRICANE… …EXPECTED TO RAPIDLY INTENSIFY INTO AN EXTREMELY DANGEROUS MAJOR HURRICANE BEFORE LANDFALL ON WEDNESDAY… https://www.nhc.noaa.gov/text/refresh/MIATCPAT5%20shtml/290856.shtml With an inner core now present, the stage is set for Idalia to rapidly intensify before …
by mark000 https://edition.cnn.com/markets/fear-and-greed Has dropped from 83 five weeks ago to 44 today. Global: market crash + financial system crisis + economic depression approaching. Or worse…… Bulls, is this a good idea? You can't always tell. pic.twitter.com/mPetdsVxxi — Mac10 (@SuburbanDrone) August 25, 2023 He got away with it last time. pic.twitter.com/s4gHCrrUFw — Mac10 (@SuburbanDrone) August …
Life insurance actuaries are reporting that many more people are dying – still – than in the years before the pandemic. And while deaths during COVID-19 had largely occurred among the old and infirm, this new wave is hitting prime-of-life people hard. No one knows precisely what is driving the phenomenon, but there is an …
Energy stocks are only 5% away from recent highs. If historical correlations matter, it is hard to believe oil won't follow the same path. That alone would imply a 48% return from its current levels. As a crucial contributor to inflation, rising energy costs could have a… pic.twitter.com/fBZ60dhWlO — Otavio (Tavi) Costa (@TaviCosta) August 11, …
by betsharks0 Didn’t they literally say no rate cuts before 2025?
Home foreclosures starting to explode Have you been looking around the housing market and thinking “There goes the neighborhood”? Well, you are not alone. In May of this year, ATTOM recorded a sharp uptick in foreclosure rates around the United States. Adding up notices of default, repossession by banks and auctions on the calendar, the …
by DesmondMilesDant Caption: Atlanta Fed Q3 GDP est will update on Aug 1 which will be 3.9% up from 3.5%. Caption: Cleveland Fed suggests August cpi in September to be 3.9% but generally, it comes a % down. What this means is rates are 100% going 6% and then it upto our Jamie Dimon if …
by Dismal-Jellyfish Table 1 (PDF) | Table 2 (PDF) | Charts (PDF) Wut Mean?: Commercial and Industrial (C&I) Lending: Banks tightened standards for C&I loans to businesses of all sizes. All loan terms for C&I loans, like rate spreads, premiums on riskier loans, credit line costs, and many others, were tightened. Both large and other banks tightened C&I lending …
by confoundedinterest17 Will this be the last time for a Fed rate hike? Today, The Fed raised their target rate to 5.50%, up 525 basis points from 0.25% on 3/15/2022. That is one big rise in rates over a short period of time. Will they stop with one rate hike? If The Fed Funds Futures …
via mishtalk: Nonrevolving credit posted its first negative reading since April of 2020. The net change is the lowest since November 2020. The Fed will be pleased with this report. Consumer credit data from the Fed, chart by Mish The Bloomberg Econoday consensus was for credit to rise by $20.0 billion. Instead, the rise was …
Tight monetary policy has significantly deteriorated the housing market % of houses featuring price cuts reached record levels in 2022 Even though the % has reduced since, it's still historically very elevated pic.twitter.com/lnrApBVay0 — Bravos Research (@bravosresearch) June 29, 2023 Stronger than expected GDP. Rate hike odds now 90%, market's about to explode. pic.twitter.com/9FEzipo4SI — …
by confoundedinterest17 Bidenomics? Yes, an economy where inflation crushes the middle class and low wage workers with 2 years of negative wage growth and now 24 or the last 25 months of negative growth rates of Pending Home Sales YoY. After existing home sales were flat and new home sales exploded higher, pending home sales …
The Airbnb collapse is real. Revenues are down nearly 50% in cities like Phoenix and Austin. Watch out for a wave of forced selling from Airbnb owners later this year in the areas hit hardest by the revenue collapse. 1) What's scary for the US Housing Market is just how many Airbnbs there are. Data …
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 …
https://www.youtube.com/watch?v=u9TBs8-ddmc The nightmare in the retail sector never seems to end, and now Amazon, the second largest online and physical retailer in the world, is giving up on its brick-and-mortar operations, according to a new report and warnings issued by the company’s CEO Andy Jassy. Its stores continue to disappear amid the most dramatic shift …
via mishtalk: The Fed’s Dilemma The lead chart shows CPI inflation cooled from 9.1 percent to 4.0 percent. Core CPI inflation, excluding food and energy only decline modestly, from 6.6 percent to 5.3 percent. The Fed’s preferred measure if inflation, PCE, declined only from 5.4 percent to 4.7 percent. The Fed says it will get …
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 …
by confoundedinterest17 Now that I know that the US is building a railroad from the Pacific Coast to the Indian Ocean (according to Resident Joe Negan), I feel so much better. /sarc On the other hand, The Philadelphia Fed’s Business Outlook index for June fell to -13.7. On the positive side, retail sales surprised to …
“Economists polled by Reuters expect another move of the same magnitude in July before the ECB pauses for the rest of 2023. ECB President Christine Lagarde is nevertheless expected to keep a further hike in September in play during her press conference on Thursday, and to push back against traders’ bets that the central bank …
by AssuredlyAThrowAway On May 31, 2023, Reddit announced a policy change that will kill essentially every third-party Reddit app now operating, from Apollo to Reddit is Fun to Narwhal to BaconReader, leaving Reddit’s official mobile app as the only usable option; an app widely regarded as poor quality, not handicap-accessible, and very difficult to use for moderation. In …
Hedge funds are continuing to bet against short-dated Treasuries, extending their record selling streak as wagers mount that the Federal Reserve’s tightening cycle is far from over. https://t.co/98PnJfM6c7 pic.twitter.com/fFQVUQb7Hp — Mo Hossain (@MoHossain) June 12, 2023 🚩 Deutsche Bank expects an imminent default wave, with a peak in the fourth quarter of 2024. It forecasts …
First-time jobless claims rose sharply last week in a potential sign that the labor market is softening up after more than a year of interest rate hikes. Initial filings for unemployment benefits totaled a seasonally adjusted 261,000 for the week ended June 3, an increase of 28,000 from the upwardly revised level of the previous …
How many times does a report have to come in better than expected before you adjust your models? pic.twitter.com/4S7Yb8dD2Q — Bespoke (@bespokeinvest) June 2, 2023 And here are the BLS revisions for the fake Q1 2023 data they released. Don't be surprised. The CPI data is fake also, massaged downwards to make inflation appear lower …