Independent thinking for complex markets and current events
Government and healthcare sectors drive job growth, with 61% of net payrolls added in the last year. Despite a recent increase in full-time work, the economy has lost full-time jobs over the past 12 months, with all net gains in part-time employment. Employment of foreign-born workers has surpassed pre-pandemic levels, while native-born Americans lag behind. …
Amazon shares rose in extended trading on Tuesday after the company reported better-than-expected revenue and earnings. Here’s how the company did: Earnings per share: 98 cents vs. 83 cents expected by LSEG Revenue: $143.3 billion vs. $142.5 billion expected by LSEG Wall Street is also watching several other numbers in the report: Amazon Web Services: …
In a revelation that shatters conventional wisdom, the correlation between the S&P 500 performance and the Fed’s balance sheet since the Global Financial Crisis remains eerily stagnant. Beneath the surface lies a stark truth: the apparent market growth is a mirage, sustained solely by the relentless influx of liquidity orchestrated by central banks. As the …
Last year’s warnings echo louder as M2 data forecasts inflation surge, dismissing deflation fears. In Florida, over half of renter households strain under excessive rent burdens. Brace for wealth erosion as Biden’s historic Capital Gains Tax proposal looms, while gold’s ascent prompts speculation of $3,000 per ounce. In situations where the government runs record deficits …
As ground is broken on the Brightline West high-speed rail system connecting Southern California and Las Vegas, anticipation builds for faster travel and economic prosperity. With speeds comparable to global high-speed systems, this project marks a significant milestone in U.S. transportation infrastructure. Key Points: Ground has been broken on a new high-speed rail system connecting …
As the IMF’s Gita Gopinath highlights the repercussions of high U.S. deficits on global economic dynamics, concerns arise over the sustainability of economic growth amid rising deficits and the need for comprehensive fiscal reforms. Important Information and Details: IMF’s Gita Gopinath highlights the impact of high U.S. deficits on global economic dynamics. U.S. deficits are …
South Korean GDP growth is forecast to slowdown even further… pic.twitter.com/oNUDjXsN0F — Longview Economics (@Lvieweconomics) April 22, 2024
Amidst concerns over global economic challenges, Swiss National Bank Chairman Thomas Jordan emphasizes the imperative of maintaining price stability in monetary policy. His remarks shed light on pressing issues such as low growth, high debt levels, and the urgent need for structural reforms to bolster productivity and ensure long-term economic resilience. Key points: Swiss National …
The best way to get investors to stop focusing on something is to stop telling them at all. Netflix said Thursday it will no longer report quarterly membership numbers and average revenue per membership starting in the first quarter of 2025. This is a significant change for the company and for the so-called “streaming wars,” …
Despite modest wage growth, the gap between income and the cost of living continues to widen in the US, making essentials like homeownership increasingly out of reach for many. As a result, more individuals are turning to innovative solutions like online property auctions to navigate the challenging market landscape. Affordability in the US is getting …
Global investors are retreating from renewable energy sector funds this year, driven by concerns over growth prospects and policy uncertainties, especially in the U.S. election year, according to fund data. Renewable energy funds see outflows on concerns over growth, policies Global investors are increasingly moving away from the renewable energy sector funds this year due …
Americas’ Unemployment Problem In 2023, the United States reported an unemployment rate of 3.4%, marking the lowest figure in 54 years with nearly 11.2 million unemployed Americans. Despite this historic low, the narrative surrounding America’s Unemployment Problem reveals a complex and multifaceted issue. The early months of 2024 have shown a robust labor market, yet …
28,577 job cuts this month so far, our highest week since we began tracking data in September #MacroEdge pic.twitter.com/qWRmCEoscN — MacroEdge (@MacroEdgeRes) April 5, 2024 Although the most recent U.S. Bureau of Labor Statistics employment report issued Friday showed that the unemployment rate “changed little” last month, a separate report found that layoffs reached a …
via Mike Shedlock China’s reliance on nonproductive debt for growth has been obvious for years. But let’s go over why that is so. 1/5Pekinology's very useful translation of Lan Xiaohuan on China's local government competition and overcapacity provides almost a definition of what the consequences are of a large and growing part of the Chinese …
Exciting news is brewing in the financial world, particularly for India’s stock market. With a staggering 78% of equity options traded worldwide last year occurring in India, the stage is set for a potential explosion in the Indian stock market. This surge could mark a significant shift in the global investment landscape and present lucrative …
Immigration has been the biggest factor in our population growth? That’s truly surprising! https://twitter.com/LibertyPillMeme/status/1768786199240401139
Low beta and value includes sectors like energy, materials, mining, insurance… h/t mrmrmrj
Cautious #ECB last week amid upside risks to inflation due to solid wage growth. More data is needed to confirm that inflation is sustainably converging to target. Encouragingly, compensation per employee eased in Q4 to 2.8% from 3.6% Y/Y in line with negotiated wages. pic.twitter.com/rLmagWxE3n — Sabrina Khanniche (@skhanniche) March 14, 2024 The Eurozone’s economic …
AP: Russia's economy is growing despite Western pressure After more than two years of the special operation in Ukraine, little has changed economically for most Russians. And this despite large-scale sanctions that have seriously limited Moscow’s trade with Europe, the United… pic.twitter.com/6HPQ1aUAQv — Sprinter Press (@SprinterPress) March 12, 2024 https://apnews.com/article/russia-economy-putin-election-ukraine-97a5f92113e54cd9af0aa31778069a3e An interesting graph from Sky …
by confoundedinterest17 Somehow, Biden left this factoid out of his State of The Union (SOTU) address. In February, immigrants added 1,277 million jobs while native Americans lost -420,000 jobs according to the BLS. Or maybe Biden can change his campaign motto to “Make America Great Again … For Immigrants, NOT Natives.” In February, the unemployment rate unexpectedly …
INTC has been touted as the “value” play out of the semi-conductor industry as companies like NVDA and AMD are trading at insane valuations… but when does “insane” become reality? NVDA is growing into it’s valuation at an incredible pace. INTC: 10-year revenue growth of 20% (total). NVDA: 10-year revenue growth of 1,900%. Chart from ChartWiz.io …
by confoundedinterest17 Another Biden program bites the dust, this time his big push to encourage everyone to buy an electric vehicle (EV). Meanwhile, Biden keeps going on vacation (as if he REALLY cares about middle America). Cars and light trucks are seeing declining YoY sales in January (-0.7%) as M2 Money growth remains negative. Automotive News was the …
It might be the easiest answer on Jeopardy: Where is most economic growth in the United States happening? If you took “Red States” you win a cookie. The United States is experiencing rapid growth and job creation, with most of the growth occurring in red states. ABC News doesn’t quite seem to connect all the …
by confoundedinterest17 The Federal Reserve (aka, The Keep) is back in the saddle again. The Fed has been unable to control inflation since Federal government spending was so fast and furious after Covid that little thought was given to the long-term ramifications of insane spending. Not to mention The Fed’s overreaction to Covid. Example? Home price growth …
by confoundedinterest17 As Commander Cody sang, “We have too much debt.” “The prices of some things will decline. Others will go up. But we don’t expect to see a decline in the overall price level,” said Federal Reserve Chair Jerome Powell, Nvidia stock hitting new highs, its market cap soaring to $1.78trln. “That doesn’t tend to happen …
Like Japan before it, a declining birthrate and an aging population have precipitated a drop in the proportion of the working-age population and the savings rates in China, impacting long-term economic growth In response, China needs to boost the supply of labor through relaxing birth restrictions and raising the retirement age China also needs to …
At the start of the year, people thought there would be rate cuts, but now that’s not so sure. Wage growth is still high, making 2% inflation doubtful. Stocks seem tired, adding more uncertainty to the mix. There are only three certainties in life, death, taxes and markets being wrong about federal-funds rate pic.twitter.com/DAzbBsoEfO — …
Good Morning Everyone! US companies added fewer jobs than forecast in January, according to the ADP jobs report. Private payrolls increased 107,000 in January from a downwardly revised 158,000 (was 164,000) gain in December. Nominal wage also growth continued to slow. This… pic.twitter.com/lDOZGumoP1 — Genevieve Roch-Decter, CFA (@GRDecter) January 31, 2024 Jan ADP job report …
(Bloomberg) — The International Monetary Fund revised down its growth estimate for Argentina, forecasting South America’s second-largest economy will shrink for two consecutive years as President Javier Milei pushes for a “significant policy adjustment.” https://finance.yahoo.com/news/imf-sharply-cuts-argentina-growth-130000884.html?fr=yhssrp_catchall But after less than two months at the helm of Latin America’s third-largest economy, the self-described anarcho-capitalist is already facing …
