Independent thinking for complex markets and current events
https://finance.yahoo.com/news/rich-heres-americans-think-considered-182847861.html Top 10% wealth: The top 10% of the population has a net worth of approximately $854,900. h/t HighYieldLarry
"Why is it so expensive just to live … to breathe?" 🔊 pic.twitter.com/djoRRK3KTL — Wall Street Mav (@WallStreetMav) February 6, 2024 People buy in bulk at Costco or Sam's Club in order to save money. Does it seem like even buying in bulk isn't working any more? It is crazy expensive even at the warehouse …
by confoundedinterest17 Treasury Secretary Janet Yellen just admitted what the rest of Americans already knew: high prices are here to stay. Example? Food prices (CPI) are up over 20% under Inflation Joe while gasoline prices are up 38% under Clueless Joe. On the housing front, the Case-Shiller National Home Price Index is up 33.2% under …
The S&P 500 rose Monday and closed at a fresh record high as Wall Street looked toward several mega-cap tech earnings reports and the Federal Reserve’s rate policy decision. The benchmark index climbed 0.76% to 4,927.93, topping its highest ever close of 4,894.16, reached Jan. 25. The Dow Jones Industrial Average added 224.02 points, or …
by confoundedinterest17 Americans are addicted to gov. And government is addicted to spending (and creating more debt). Let’s look at wage growth for government apparatchiks relative to private sector workers. While wage growth overall was modest, it is government wage growth that is driving it – now at a record high! Source: Bloomberg And on the back …
by confoundedinterest17 Baby, it’s cold outside! Of course, government still wants to ban natural gas and coal. The average price of electricity has risen a whopping 24.25% under Biden and Bidenomics. Brrr!! No wonder Biden only wants to talk about unlimited abortion and NOT the immigration (Fentanyl, child trafficing, crime, etc) fiasco at the border and …
As the United States strives to regain a sense of normalcy after the pandemic, a growing financial concern is looming over the nation. According to Bloomberg, the cost of living has surged in various aspects, with groceries marking a 25% increase, used cars seeing a staggering 35% climb, and rents escalating by approximately 20%. While …
Stocks rose to start the last week of the year, pushing the S&P 500 closer to record levels. The S&P 500 climbed 0.42% to end at 4,774.75, while the Nasdaq Composite advanced 0.54% to settle at 15,074.57. The Dow Jones industrial Average gained 159.36 points, or about 0.43%, to close at 37,545.33. The Nasdaq 100 …
🚨#BREAKING: Propane Truck Crashes into Railroad Bridge Triggering a Massive Explosion⁰⁰📌#Glenville | #Newyork ⁰⁰Numerous emergency crews are at the scene in Glenville, New York, after an 18-wheel tractor-trailer carrying propane crashed into a railroad bridge, triggering a… pic.twitter.com/u8eX7FFARS — R A W S A L E R T S (@rawsalerts) December 22, 2023 h/t Skid …
by confoundedinterest17 Biden is hoping for one more term as President. And declining oil prices might help him get re-elected. But we have a battle brewing! The United Nations and World Economic Forum (and their proxies John Kerry, Greta Thunberg and Green Joe Biden) against …. everyone else. Despite Biden’s lame attempts (through climate envoy John …
by ChampionshipUsed9855 VIX is below 13 again. QQQ has been basically flat for nearly a month. The FOMC is next week, could be a pivot point. Even the perma-bull just admitted this market is high on crack:https://t.co/OOk8ZN4gf9“Buyers have gotten drunk as a proverbial skunk, buying the worst of the worst…there’s a nasty hangover on the …
See the trades https://t.co/CiBCx6TZqy — Insider Tracker (@TrackInsiders_) November 29, 2023
by confoundedinterest17 Where has all the GDP gone? Not to wages. As expected, Q3 Real GDP was revised upwards to 5.2% annualized. Of course, this shatters JKP’s talking points that Biden inherited a train wreck of an economy from Trump. Q3 2020 Real GDP grew at over 30%. And on a year-over-year (YoY) basis, US real GDP grew …
by Chris Black Congratulations, Memphis! Breaking records!
Biden can pretend this economy is improving, but the lived experiences of Americans tells a different story People talk to me & I haven’t heard this many financial troubles in years Layoffs, debt, struggles to buy food & pay bills People are struggling The recession is here — DC_Draino (@DC_Draino) November 13, 2023 To Biden, …
Average credit card balances top $6,000, a 10-year high, as delinquencies rise. “Balances jumped 15% from a year ago, according to a separate quarterly credit industry insights report from TransUnion, while the average balance per consumer hit $6,088, the highest in 10 years.” And we haven’t even hit the Christmas shopping season. h/t SG
Another record credit card debt Collectively, Americans now owe $1.08 trillion on their credit cards, according to a report from the Federal Reserve Bank of New York. Steadily, persistently higher prices have caused consumers to spend down their savings and increasingly turn to credit cards to make ends meet. At the same time, credit cards are one …
by TonyLiberty The cost of housing in the United States has reached an all-time high, with Americans now needing to make $114,600 per year to afford the median-priced home. To put things in perspective, the median household income is only $75,000. Homeownership is becoming increasingly out of reach for many Americans. If you’re looking to …
Bowman calls out she is in the rates higher for longer camp while leaving room to continue raising rates. She calls out the PCE index rising but fails to mention that it was being undercounted previously and is actually HIGHER going back the last two years and registered at 3.5% in August, still WELL above the 2% …
by Chris Black The easiest solution to dealing with the loneliness and soul-crushing alienation caused by modern utopian society is to die of a fentanyl overdose. Dying from a drug overdose is a solution to the biggest challenges we face every day as a result of living in a utopia. ABC News: The overdose crisis …
‘Higher for longer’ tracking for much higher default rates. The free money has been taken away by the Fed. All yields are taking a dump on the party. Central planners at the FED have really done it. Onset of the Economic Avalanche Becomes Clear https://jensendavid.substack.com/p/onset-of-the-economic-avalanche-becomes h/t j_stars
“JUST IN: Nearly 700 US banks now exceed the 2006 Commercial Real Estate (CRE) loan concentration guidance. What is the CRE loan concentration guidance? It’s guidance by the FDIC for the amount of exposure that small banks should have to CRE loans. Currently, small banks hold over 70% of CRE loans which is $2 trillion …
by betsharks0 If you take out food, rent, energy, and transportation Egypt is doing great!
Climate change will affect the way the Reserve Bank sets interest rates and the stability of the entire financial system, with incoming bank governor Michele Bullock warning it will affect property values, the way we work and the location of our communities. Bullock, speaking at the Australian National University in Canberra on Tuesday evening, said …
We were higher now we are lower lol pic.twitter.com/2RCUYU1tLT — The Coastal Journal (@1CoastalJournal) August 29, 2023 Over the last 3 months, 2.55 million job openings have been filled. This is by far the largest 3-month decline in JOLTS on record. Despite an incredibly challenging economic situation, the job market remains strong. The Fed will …
For the first time in history, the median monthly mortgage payment is nearing $3000/month. Mortgage rates are now at their highest since 2002. Inflation has made many basic necessities into unaffordable things. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) August 20, 2023 https://t.co/iEvXXZxXfn — Win Smart, CFA …
by confoundedinterest17 This is very strange. Global Treasury Yields just rose to a 15-year high (2008). This is primarily due to Central Bank moneta And REAL 10-year Treasury yields also the highest since 2009. At the same time, US industrial production is at the same level as pre-financial crisis (2007). Despite Federal Reserve monetary stimulypto …
B of A: “.. US debt to GDP is at an all-time high, and the US now ranks in the bottom 5 (vs. Top 5 in 2000), in line with Emerging Europe. Worldwide Governance Indicators data show the US shifting closer to emerging economies on other measures like political stability ..” pic.twitter.com/AyEAwXRdqb — Carl Quintanilla …
