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by confoundedinterest17 The Empire (State) Strikes Out! Contraction (or economic slowdown) is hitting New York State! After three strong ‘beats’ in a row, the Empire State Manufacturing Survey crashed back into contraction, well below expectations in December (from +9.1 to -14.5, …
by confoundedinterest17 Here comes Biden Claus, right down Constitution Avenue, bringing you a Christmas present of … 165% mortgage interest rates!! Mortgage applications increased 7.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly …
via CNBC: Sales of previously owned homes were 4.1% lower in October compared with September, running at a seasonally adjusted annualized rate of 3.79 million units, according to the National Association of Realtors. It was the slowest sales pace since …
by confoundedinterest17 Biden’s terrible economic policies and horrid fiscal managment has put stress on The Federal Reserve. The Federal Reserve paid an estimated $76 billion to the Treasury in 2022 while banks’ willingness to lend has plummeted. First, let’s look at Biden’s and …
GLADSTONE, NJ —Massive layoffs will soon be underway as Pfizer will be cutting nearly 800 people from its Gladstone location in the coming new year. Pfizer will lay off 791 employees on Feb. 12, 2024, from its Somerset County corporate …
via Mike Shedlock: Jim Jordan fell 17 votes short in the first round of voting. Some would consider it fitting if the process took 15 rounds because that’s how many McCarthy needed. Not Today, Maybe Tomorrow Jordan could only afford …
by confoundedinterest17 Here are some bits and pieces about the US economy and interest rates. The Federal Reserve, the most powerful Socialist machine on the planet, is considering rate their target rate after some bad economic news. First, real median …
by confoundedinterest17 The US housing market is truly bizarro world! San Francisco and Seattle are down near 10% year-over-year (YoY) while Chicago and Cleveland lead in price gains. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all …
by RedditIsOwendByTheWS Apple Microsoft Amazon NVIDIA Tesla Alphabet Meta Alphabet Class C Berkshire Hathaway UnitedHealth Group https://twitter.com/FinanceLancelot/status/1692965376055705764 https://twitter.com/SuburbanDrone/status/1692889241913643108 https://twitter.com/crossbordercap/status/1692974516236919043 https://twitter.com/WinfieldSmart/status/1691128548512485376
Shares of CVS Health (CVS) are falling after the Blue Shield of California dropped the pharmacy as its benefit manager for drug prices and other services. The Blue Shield of California is reportedly pursuing partnerships with Amazon Pharmacy (AMZN) and …
by confoundedinterest17 The US mortgage market is livin’ la vida Biden! And for the US mortgage market, la vida Biden in ugly. Mortgage applications decreased 3.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage …
‘Help me, Jesus!’ is all Peggy Jones could think to say during the snake/hawk attack. SILSBEE, Texas – A snake fell out of the sky and landed on a woman mowing her yard. The bizarre incident didn’t stop there. Peggy …
via Mike Shedlock For July, the BLS reports 187,000 jobs vs the Bloomberg Econoday consensus estimate of 200,000. ADP reported gain of 324,000. Last month, ADP reported a stunning jobs gain of 497,000 vs a BLS report of 149,000 private …
https://t.co/fZhvHiuQ6S — Win Smart, CFA (@WinfieldSmart) August 4, 2023 Number Of Americans Able To Afford $400 Surprise Bill Slides In Era Of 'Bidenomics' https://t.co/3dV6xksB5F — zerohedge (@zerohedge) August 4, 2023 #Fed QT accelerates. Fed balance sheet shrank $91bn in July, …
On top of printing $4 trillion, the Fed lowered rates to 0% overnight in March 2020. Now, we have the fastest rate hike campaign in history. It’s unclear if zero interest rate policy was a net positive. Follow us @KobeissiLetter …
by confoundedinterest17 Biden loves to brag about Bidenomics, or should I say selective stats like the labor market. But the mortgage market hurts so bad. Mortgage applications decreased 1.8 percent from one week earlier, according to data from the Mortgage Bankers …
Ron DeSantis is now polling third in South Carolina as the Florida Governor continues to slip following reports of a shakeup within his campaign. A new Fox poll of early primary contest states shows that DeSantis is now behind both …
by confoundedinterest17 Wasting away again with Bidenomics. US existing home sales crashed by -19% in June, the 23rd consecutive month of declines. At least the median price of existing home sales is decreasing as Fed stimultypto vanishes. Just like inventory …
by confoundedinterest17 Eggs, bacon and toast. All more expensive under Biden’s economy. And mortgage purchase demand is down -45.3% since Biden was elected and mortgage refinancing demand is down -91% under Biden and mortgage rates are up 128% under Biden’s economy. …
by confoundedinterest17 It is truly a Fed Inferno! Money supply growth fell again in April from Jerome Powell And The Fed, plummeting further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. April’s drop …
NEW – German IFO business climate index deteriorated substantially to 88.5 in June, more than expected. pic.twitter.com/D3DrHGfcbI — Disclose.tv (@disclosetv) June 26, 2023 BREAKING: Euro zone manufacturing PMI falls to a 37-month low of 43.6 pic.twitter.com/Tb0MAsv5uR — Bravos Research (@bravosresearch) …
Support for the Black Lives Matter movement has dropped to its lowest level in the US since the police murder of George Floyd three years ago, according to a new poll. The poll from Pew Research Center published on Wednesday …
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 …
iSource News: Serious ailment sends the former First Lady to the ER according to inside sources. “She was fine one minute and the next being rushed to the ER,” said the source on condition their name not be used, “We …
via naturalnews: Germany, home to Europe’s biggest economy, has now fallen into a recession as consumer spending drops in the wake of higher energy prices. During the first quarter of the year, the company’s GDP dropped by 0.3 percent, following …
https://twitter.com/disclosetv/status/1664346003808329738?ref_src=twsrc%5Etfw Trump Reacts to Biden’s Fall at Air Force Academy Graduation Ceremony (VIDEO) “Well, I hope he wasn’t hurt. The whole thing is crazy. You gotta be careful about that…even if you gotta tip-toe down a ramp,” Trump said poking …
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 …