A hub for independent voices and hard truths
JUST IN: Target, $TGT, says stores have seen a 120% increase in theft involving violence the first 5 months of 2023. Earlier this year, Target said they expect to lose $1.3 BILLION due to theft in 2023. This is up …
by Dismal-Jellyfish https://www.newyorkfed.org/medialibrary/media/Survey/business_leaders/2023/2023_08blsreport.pdf Wages and Prices expected to continue rising over the next 6 months. TLDRS: New York Federal Reserve Bank’s August 2023 Business Leaders Survey shows the region’s (New York, southern New Jersey, and southwestern Connecticut) service sector activity …
Real yields on 10-year Treasuries closed yesterday at the highest since 2009. pic.twitter.com/Ujfb0Lco7l — Lisa Abramowicz (@lisaabramowicz1) August 15, 2023 Nominal yields keep going higher and this affects corporate bonds $LQD, therefore cost of refinancing is increasing. We can expect …
As long as companies are interested in generative artificial intelligence, Nvidia stands to benefit. Nvidia shares closed up more than 7% on Monday, underscoring how investors believe the company’s graphics processing units, or GPUs, will continue to be the most …
Reality is all that previous excessive money printing has goosed up prices far above the long term core trend. And only a hard landing would even have a shot at bringing it back to trend, otherwise the future is clear: …
So Lahaina, Hawaii has a population of about 13,000 residents. The entire city was burned to ashes in about 6 hours, most of it in 2 hours. There was nowhere to evacuate to… “As of the 2020 census, Lahaina had a …
by Michael Over the past few years, we have seen food prices in the United States and other wealthy countries do things that they have never done before. Unfortunately, this is just the beginning. Global food supplies are getting tighter, …
The US govt is dramatically increasing its planned amount of debt it issues in the next 12 months. 🚨 Monthly Auction Sizes +60% by August Next Year vs the previous year. The USA has to finance over $2 trillion …
Great chart from PPG Macro showing delinquency issues beyond the large lenders. It seems that small lenders are increasingly exposed to overly risky loans. Commercial real estate loans are yet another example. Follow us @KobeissiLetter for real time analysis as …
by Chris Black Japanese investors have already begun adjusting investment portfolios away from U.S. bonds in light of rising FX hedging costs (https://archive.is/BGtTQ) and in anticipation of higher J… Continue reading by subscribing. Username Password Remember Me Forgot …
by DesmondMilesDant This is concerning for bondholders. Stock holders love real GDP going higher. Inflation running above 4% is bad for both though.
via Michael Lebowitz: Jerome Powell and his colleagues endlessly reassert their “higher for longer” plan for interest rates. They aim to weaken economic growth, bringing inflation back to pre-pandemic levels. The Fed has little choice because the government can’t afford …
by DesmondMilesDant Europeans are facing a new economic reality, one they haven’t experienced in decades: they are becoming poorer, per WSJ — unusual_whales (@unusual_whales) July 25, 2023 https://twitter.com/runews/status/1683903111046234122
Authored by William Astore via AntiWar.com/Bracing Views, Days ago, I got a story in my New York Times email feed on “A Turning Point in Military Spending.” The article celebrated the greater willingness of NATO members as well as countries like Japan …
This chart is FASCINATING! Corporates have seen NET INTEREST payments fall bc they fixed debt when rates were low (2020/21) and now are benefitting from higher rates on their cash. A reason why higher interest rates slow to drive a …
An inverted yield curve systematically leads to a higher unemployment This time is not different pic.twitter.com/nynrlZ2eAZ — Bravos Research (@bravosresearch) July 20, 2023 Charts picturing the blow through of pandemic consumer savings are a fun way to view data But …
2/ Rising bankruptcies coincides with bond yields hitting 4%, a level previously associated with the Silicon Valley Bank collapse and UK pension fund crisis pic.twitter.com/tcC6aBY9UD — Bravos Research (@bravosresearch) July 20, 2023 4/ A Deutsche Bank survey indicates that over …
via naturalnews: Rates of car insurance have hit highest levels in the past 30 years as cost of claims soared since the pandemic, due to more accidents, higher repair costs, bigger medical bills and increased litigation. The Wall Street Journal reported that many insurers have experienced …
via mishtalk: Interest rate odds still imply no rate cut by the Fed until March of 2024 despite year-over-year CPI inflation falling to 3.0 percent. Higher for Longer According to CME Fedwatch, the first rate cut will not be until March …
Its basically avg house price divided by avg income, so it shows how many years it takes to buy a house outright California median house payment doubles since 2020, limiting pre-tax income to just 39% For comparison, here's the same …
I mean let’s get real. How does the housing market stabilize given these numbers? How many people have the income to qualify for a loan at an over 7% mortgage rate? The monthly payment is up around 40% yet people …
by Martin Armstrong Fannie Mae admitted their forecast of declining home prices was incorrect. They initially projected that housing would fall by 1.2% in 2023, followed by 2.2% in 2024. Housing prices remain strong because this in an inventory crisis. …
15% of new cars sold near end of 2022 have a $1,000 or higher car payment. A $700/mo car payment is a bad idea. A $1,000/mo car payment is a horrible idea. pic.twitter.com/UFyoALCXN6 — theficouple (@theficouple) July 5, 2023
“Despite US economic activity sharply contracting, the market has been moving higher This is not the time to FOMO” Despite US economic activity sharply contracting, the market has been moving higher This is not the time to FOMO pic.twitter.com/LymLphScDd — …
via WSB: In the rapidly evolving world of technology, NVIDIA has emerged as a leading player in the semiconductor industry. Known for its advanced graphics processing units (GPUs) and artificial intelligence (AI) technologies, the company has garnered significant attention from …
via bloomberg: Gold edged higher as investors assessed increasing geopolitical uncertainty and recessionary signals. Bullion rose as much as 0.6% on Monday after Russian mercenary leader Yevgeny Prigozhin’s extraordinary mutiny. Still, the upside for the haven was limited after Prigozhin …
by Dismal-Jellyfish Source: https://www.federalreserve.gov/econres/notes/feds-notes/distressed-firms-and-the-large-effects-of-monetary-policy-tightenings-20230623.html TLDRS: Since March 2022, U.S. monetary policy has become tighter. More businesses are financially distressed now than in previous instances of tightening since the ’70s. Studies suggest that these conditions could lead to significant declines in investment …
