A hub for independent voices and hard truths
12 HOUR NEWS RECAP 1. Taylor Swift said she was in complete shock after 3 children were killed and 8 were injured during a mass stabbing at a Taylor Swift-themed yoga and dance class for kids in Southport yesterday. 2. At least 7 people were killed in protests over Venezuela’s …
All good things come to an end! The S&P 500 $SPX 400 trading day stretch without falling by more than 2% has ended. pic.twitter.com/rgXR1xL3lo — Barchart (@Barchart) July 24, 2024 Interesting to see the 10 year yield actually move higher during the most intense part of the selling. Are treasuries …
The S&P 500's price to peak earnings ratio has moved up to 25.9, its highest level since 2000 and 50% above the historical median. $SPXhttps://t.co/l5IYmkf6Ih pic.twitter.com/DFI74St163 — Charlie Bilello (@charliebilello) July 17, 2024 Nasdaq Large Engulfing candle, followed by a falling window 2 major warnings🚨 Engulfing is a bearish trend …
Meanwhile new car inventory looks like a rocket ship https://t.co/xCj5YuJXlS pic.twitter.com/yvUdx69WGl — Darth Powell (@VladTheInflator) July 10, 2024 People are not buying new cars: People don’t have money New Cars/trucks still so expensive (and increasing the last 5 years) High interest rates Harder getting a loan etc Dealers have 150 …
via notayesmanseconomics: This summer was badged as being a time when we would see a change in something which has existed since the early 1990s. It has been a major theme of Japanese policy since the original plans of Abenomics in 2013. Abe-sans “three arrows” were supposed to end deflation …
Result of industrial overcapacity in one picture, btw, not only for cars. Coming to cinema near you. pic.twitter.com/b40it8jOPb — Michael A. Arouet (@MichaelAArouet) June 23, 2024
The global trade war is well under way. The European Union on Wednesday announced tariffs of up to 50% on electric vehicles from China, just days after Turkey imposed new tariffs on imports. The U.S. increased its own tariffs a couple of weeks ago. It is also the clearest sign …
High Volume of Recent Sales: Since 2000, a large proportion of residential property sales in China have taken place in recent years: 56% of all sales occurred after 2015. 38% of all sales occurred after 2018. Falling Property Prices: Second-hand property prices have fallen back to their 2018 levels. Potential …
The demand for diamonds has declined as its allure fades in a key consumer market: China. “Diamonds don’t really fit in anymore despite the strong legacy of De Beers under Anglo,” said independent diamond industry analyst Paul Zimnisky. Diamond prices have fallen 5.7% so far this year, according to Zimnisky’s …
Home prices are dropping thanks to high mortgage rates weighing on demand. The 30-year fixed mortgage rate edged up last week, hovering above 7%. Real estate experts expect affordability to slowly improve as inventory rises and borrowing costs ease. Home prices are falling at the fastest pace in over a …
The impressive run that created the biggest housing bubble in all America’s history is officially over, and now something really disturbing is happening in the U.S real estate market. After an impressive boom during the pandemic, which led average home prices to jump by more than 40% over a span …
Economic woes, including rising mortgage rates and inflation, coupled with a declining middle class, are fueling dissatisfaction among youth, exacerbating political tensions. For the first time in our history, kids are doing worse than their parents. So, yes: They killed the Golden Goose. This is making the young depressed. And …
People from all over the U.S. are getting outraged by the price increases they’re seeing at grocery store chains operated by Amazon. The behemoth retailer is also raising service fees, and shutting down more unprofitable locations this month, even after laying off almost 30,000 employees over the last year, and …
A tourist plunged 250 feet to her death into a volcano as she posed on the crater while her husband took a picture. The victim, 31-year-old Chinese national Huang Lihong, tumbled into the Ijen Crater in Banyuwangi, East Java, Indonesia, on April 20, according to local media. It is understood …
By Graham Summers, MBA | Chief Market Strategist The stock market has finally woken up to what I’ve been warning about for weeks… namely that inflation is rebounding. By quick way of review, the Fed stopped raising interest rates in July 2023. It then started talking about cutting interest rates …
New Home Prices are now down 20% from their highs, in bear market territory, and falling faster than rates seen in 2008. 🔥🔥🔥 Source Re:Venture Consulting pic.twitter.com/ZCSU0jgxVA — Wall Street Mav (@WallStreetMav) March 27, 2024 So far, the demand signals have only continued to decline Mortgage apps were down YoY …
The job market is falling off a cliff.Most my friends that got laid off can’t apply for unemployment until severance runs out. Biden admin mandated 2 months WARN nationwide. There is a lag in the employment data no one (except DDB at QI) talks about!!!! Recession is here folks — …
Uncover the bitter truth surrounding the fate of the middle class in the United States through these 30 eye-opening statistics. From income stagnation to rising economic challenges, prepare to witness the many factors that have been plaguing and swallowing the backbone of America’s workforce today. https://www.youtube.com/watch?v=6j1lqon93Gw
Very bearish chart. Finding good ‘quality labour’ is no longer a problem in the US. Sharp increase in labour supply is underway (as per today’s NFIB report). Not what a soft landing looks like pic.twitter.com/KyA51rL28w — Longview Economics (@Lvieweconomics) March 12, 2024 US NFIB has declined 0.5 points to 89.4This …
Increased focus on the Japanese yen as carry trade comes to an end. Nikkei index reaches all-time highs after three decades, despite aging population and extreme debt-to-GDP ratio of over 250%. Global macroeconomic landscape experiencing significant shifts. h/t theSilverVigilante
Haiti ‘will go hungry soon’, it has been warned, as looting sparks a food shortage in the Caribbean country where out-gunned police are battling rampaging gangs. Despite Haiti’s government on Thursday extending a state of emergency and nighttime curfew by a month to try and curb the violent gang attacks, …
A lot of Texans are falling behind on their credit card bills 😬 pic.twitter.com/NJZLFvlJjY — Amy Nixon (@texasrunnerDFW) March 4, 2024 In the Texas economy this is really amplified. Lots of 50k millionaires driving 80k trucks — Amy Nixon (@texasrunnerDFW) March 4, 2024
Does it matter how much data they have if they are training their AI to ignore basic facts of life? h/t Outrageous_Car_6437
President of El Salvador Nayib Bukele reflects on the Collapse of America from within: “The most powerful Country is falling so fast…it makes you rethink what are the real reasons. Something so powerful can’t be destroyed…unless the enemy comes from within…” President Nayib Bukele reflects on the Collapse of America …
A sense of foreboding emerges as 91% of fund managers unite in the belief that interest rates are destined to fall. This unnervingly high consensus has historically preceded major market downturns, reminiscent of the Dotcom bear market in 2000-2001, the Global Financial Crisis in 2008, and the Covid panic in …
A reminder that an unprecedented $8.2T of Treasuries will be maturing in 2024. More importantly: If yields continue to fall, given the recent criticism for not issuing enough long-term Treasuries at historically low interest rates, Janet Yellen might face significant political… pic.twitter.com/eudnTHfYTi — Otavio (Tavi) Costa (@TaviCosta) December 31, 2023 …
2/2 But is this the wrong metric? This chart may be the better way to look at it. If so, the US economy still has $2.9 trillion of "excess" money to keep CPI "sticky." pic.twitter.com/WnkjnEAelr — Jim Bianco (@biancoresearch) December 17, 2023
by confoundedinterest17 Like the spaghetti western “The Good, The Bad And The Ugly,” Bidenomics has had similar effects on financing. Some good, some bad and a lot of uglies. The good! For investors like pension funds the own US Treasuries, inflation has led The Federal Reserve to raise interest rates. This is good …
via bettermarkets: Dennis M. Kelleher, Co-founder, President, and CEO of Better Markets issued the following statement in response to the testimony of Wall Street’s CEOs today before the Senate Banking Committee. “Wall Street’s CEOs testified before the Senate Banking Committee today as if they were the chief employment and economic growth …
