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via YAHOO: (Bloomberg) — US consumers, particularly those with lower incomes, are running into financial trouble as pandemic savings disappear, a headwind for lenders ranging from banks to asset-backed securities investors. The credit outlook is expected to deteriorate later this year when almost 27 million borrowers have to resume making …
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 for sale has vanished. The face of Bidenomics, code for …
BEIJING — China’s Commerce Ministry on Wednesday said non-economic factors were growing and interfering with the country’s foreign trade which was facing an “extremely severe” situation in the second half of this year. “Some countries’ forceful push for ‘decoupling,’ ‘severing [supply] chains’ and so-called ‘de-risking’ are human-made obstacles blocking normal …
Earnings beyond the US are picking up, but whether this is organic growth or the product of a falling dollar is unclear, because the MSCI earnings estimates are all quoted in dollars. With the DXY decisively breaking through support, it likely is a factor to some degree. pic.twitter.com/Bwqyv4dEqu — Jurrien …
Likely to keep normalizing/decelerating! https://t.co/iMfSx7EFLY — Caleb Franzen (@CalebFranzen) July 19, 2023
by Dismal-Jellyfish https://www.newyorkfed.org/medialibrary/media/research/snapshot/Snapshot_July2023.pdf Overview of the July 2023 Snapshot GDP growth slowed: Q1 GDP was about .5% below what it would been if since Q42019, it grew at a rate close to long-term forecasts. Consumer real spending on services up 2.6%—still greater then 2%… Average hourly earnings up 4.4% …
“The weakening external demand continues to impact China’s trade,” said Lyu Daliang, spokesman of the the General Administration of Customs. “The global economy’s recovery is lacking a driver. Global trade and investment is slowing, while unilateralism, protectionism and geopolitical risks are rising.” https://ca.finance.yahoo.com/news/china-worse-expected-exports-deal-045804232.html China’s Drop in Exports Signals Deepening Slowdown in …
by confoundedinterest17 As M2 Money growth has stalled, we are seeing inflation cool a bit. Core inflation YoY is now down to 4.8% (still >2x Fed target). The good news? REAL average hourly earnings YoY is finally positive for the second time under Bidenomics. It is now 1.2% YoY. Too …
by confoundedinterest17 Bidenomics, which Bumbling Biden can’t explain, and his Press Secretary Karine Jean Pierre only utters “top down was a failure, we are trying the opposite!” Sorry Karine, Bidenomics personifies top down economic (mis)management where DC picks winners and losers as opposed to the free market. Under Biden’s corrupt …
by confoundedinterest17 To quote Bill Paxton’s character from Twister: “It’s Already Here!” The feared recession, that is. The year-over-year growth rate in Household Net Worth has been negative for 3 consecutive quarters, the worst growth since The Great Recession and Financial Crisis of 2008/2009. Of course, the Biden family household net …
by confoundedinterest17 Cry for Argentina! The people, not their government or Central Bank. Argentina has similar problems to the US in terms of the Covid outbreak in 2020. Their Central Bank went wild (as did The Federal Reserve) in terms of printing money. Argentina is still printing like mad. At 81% …
by confoundedinterest17 Bidenomics is based on massive Federal spending and massive Fed monetary stimulus. But like all stimulus, it wears off. Such is the case with bank lending as The Fed raises interest rates. US bank credit year-over-year (YoY) has stalled to a lowly 0.7% rate as M2 Money growth …
by confoundedinterest17 Sweet Home Chicago? The Chicago Business barometer printed at 41.5, still in contraction as M2 Money growth evaporates. living la vida Biden! Meanwhile, the US Treasury 10Y-2Y yield curve remains inverted at -105 basis points.
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 …
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 continues a steep downward trend from the unprecedented highs experienced …
by confoundedinterest17 I could have used 3 shades of Joe, but 50 shades of Joe sounds better! But the fact remains that Americans are far more miserable under Biden than they were under Trump before the Chinese Wuhan Covid virus was unleashed. 9.03 today (Core CPI YoY + U-3 Unemployment) …
PEG ratio measures what investors are willing to pay for a company's earnings growth — Bravos Research (@bravosresearch) June 19, 2023 Apple $AAPL made a new all-time high last week and is now just over 3.1% away from a $3 trillion market cap. pic.twitter.com/HgLmSUskG9 — Bespoke (@bespokeinvest) June 19, 2023 …
🇺🇸 US advance real retail and food services sales -2.4% YoY. Retail sales are flat ahead of #recession. pic.twitter.com/H0lh2sE15j — Alex Joosten (@joosteninvestor) June 15, 2023 🇺🇸 US larger corporate bankruptcy filings 286 YTD. Highest since 2010! (Publicly traded companies with at least $2 million in assets or liabilities and …
by confoundedinterest17 Okay, Joe Biden was generally regarded as the dumbest member of the US Senate and mean-spirited (I won’t repeat podcaster Joe Rogan’s opinion of Biden). Now we realize how brazenly corrupt Biden is (taking bribes from China and Ukraine to influence American poliicies). Not only is Biden an …
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 …
The eurozone contracted for two consecutive quarters, data out Thursday shows, meaning it has entered a technical recession, signaling a loss of growth momentum in the single currency area buffeted by energy shocks, war, inflation, and monetary tightening. Eurozone GDP fell by 0.1 percent over the first three months of …
by Martin Armstrong Inflation has hurt everyone. It is no surprise that a recent poll by Rasmussen Reports indicates that US voters are now prioritizing economic growth of equality. The latest survey found that 64% of voters favor policies that contribute to economic growth, while only 27% said they prioritized economic fairness. …
by BoatSurfer600 Some of the countries in Europe whose economies have a high share of manufacturing are witnessing enormous contraction in cyclical activity. Higher interest rates are taking a toll on economic activity. Source: Sagar Singh LinkedIn With China's economy being pulled into the global recession and with no real …
FACT: Under Biden, inflation has outpaced wages for 25 consecutive months. pic.twitter.com/InhJtCrww6 — RNC Research (@RNCResearch) June 2, 2023 Recession Alert: Record Number Of Americans Worse-Off Financially https://t.co/2mQtXWe4Iv — zerohedge (@zerohedge) June 2, 2023 https://twitter.com/PeterSchiff/status/1664648156850581505 *WALMART SAYS DRY GROCERY INFLATION IS OVER 20% OVER TWO YEARS — zerohedge (@zerohedge) June …
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.
