Independent thinking for complex markets and current events
Barack Obama’s half-sister was hit with tear-gas on Tuesday in Kenya as she rallied with protesters demanding that legislators vote against a bill to raise taxes. Auma Obama, a Kenyan activist and half-sister of the former president, was shown wiping her face and struggling to breathe as she spoke with CNN moments after she said …
Policymakers at the Fed are starting to question if they are being restrictive enough with interest rates at 5%. Rate hikes are definitely back in the debate. No one knows what the neutral rate is now for interest rates. Rate cuts are off the table. At least for now. pic.twitter.com/DBOmIsBmIN — QE Infinity (@StealthQE4) June …
CNBC: 282 Banks at "risk of failure" from commercial real estate and Fed rate hikes. When the Fed was founded it solemnly swore to protect the dollar. That has morphed into a bailout industrial complex — a "third mandate" — that is increasingly too big to bail out. pic.twitter.com/VMeBe5wmE8 — Peter St Onge, Ph.D. (@profstonge) …
Illinois Senate advances largest spending plan in state history to House. In fiscal year 2019, the state spent around $36.4 billion in state taxpayer funds. The proposed plan for fiscal year 2025 that begins July 1 is more than $53 billion. Considering total taxpayer spending, including federal passthrough dollars, in fiscal 2019 taxpayers spent $71.8 …
via Mike Shedlock The market’s reaction to the May FOMC meeting was dovish. The minutes are another matter. Rate cut odds for July and September dropped on hawkish comments. Chart courtesy of CME Fedwatch Fed May 1 Minutes Key Snip Participants remained highly attentive to inflation risks and noted the uncertainty associated with the economic outlook. Although …
Consumers Unable To Access Equity, Recent Survey Finds A recent Bankrate survey reveals that rising interest rates have created significant barriers for Americans seeking loans and financial products. Since the Federal Reserve began increasing its benchmark rate in March 2022 to combat inflation, nearly half of all applicants have been denied, according to the survey. …
In the clash between economic realities and political aspirations, California’s fast-food industry finds itself at the forefront. As the state raises its minimum wage, businesses are forced to adapt or face financial strain. The result? A rapid shift toward automation, leaving workers grappling with the harsh consequences of policy decisions. Key Points: Recent minimum wage …
The Federal Reserve may need to raise interest rates if inflation doesn't cool down warns Federal Reserve Governor Michelle Bowman pic.twitter.com/D8FAhtlfge — Win Smart, CFA (@WinfieldSmart) April 6, 2024 Gold is headed to $3,000 according to Rosenberg Research pic.twitter.com/bY8wWUFbzy — Win Smart, CFA (@WinfieldSmart) April 4, 2024 Gold prices settled at a record high for …
The United States economy is preparing for challenges as the Federal Reserve, the central bank of the United States, plans to increase interest rates. At the same time, there’s also the possibility of significant tax hikes on the horizon. This intricate and delicate situation has raised concerns among economists, policymakers, and the public, as the …
“America’s working families and small businesses are facing immense challenges including high energy prices,” senators wrote. Two dozen Republican U.S. senators are pushing back against the Biden administration’s plan to increase taxes on the U.S. oil, natural gas and coal industries to the tune of over $110 billion. U.S. Sen. John Barrasso, R-Wyo., led a …
via NYP: President Biden unveiled his election-year budget pitch Monday, calling for $5.5 trillion in tax increases by raising rates on the wealthy and corporations — while spending $7.3 trillion on defense, federal benefit programs, affordable housing and student debt cancellation, among other proposals. The fiscal year 2025 budget — which is highly unlikely to …
In a move that could reshape the nation’s financial landscape, President Biden has revealed a budget proposal of unprecedented proportions, amounting to a staggering $7.3 trillion for the fiscal year 2025. This budget, while reflecting ambitious plans for tax increases and increased spending on various fronts, has ignited concerns about the escalating U.S. debt trajectory. …
WOW 🚨 I Think We Just Figured Out How New York Is Planning On Paying For All Their Illegal Immigrants This Man Got His New Tax Assessments & Costs Are Increasing On ALL Businesses & Properties, Some Up 75% From Previous Year!! GET OUT OF NEW YORK ‼️ “All the New Yorkers in… pic.twitter.com/XJsFgoJYP7 — …
via Mike Shedlock Prices at fast food restaurants in California are set to jump in April as huge minimum wage hikes kick in. Escalating restaurant prices won’t be limited to California. Expect to Pay More California already has some of the highest fast food prices in the nation. Expect to pay still more, and not …
“Netflix, $NFLX, is to taking away its cheapest ad-free plan, the Basic Netflix subscription that costs $11.99, per the Verge.” Netflix, $NFLX, is to taking away its cheapest ad-free plan, the Basic Netflix subscription that costs $11.99, per the Verge. — unusual_whales (@unusual_whales) January 23, 2024
And 👇https://t.co/dxd6RjI7zi — Małgorzata 🇵🇱 (@Malgorzata_PW) January 17, 2024
CPI isn’t capturing reality for most people Homeowners getting hit with whopping insurance and property tax increases as we enter 2024 And raises are long gone https://t.co/vs38A2VEjz — Amy Nixon (@texasrunnerDFW) December 27, 2023 As long as the banks continue to receive support through the not-so-hidden bailout program, there's little to worry about, except the …
The BOJ held steady on rates. Again. Bulls believe the BOJ won't ever raise rates, but the Fed will cut any day now. Either of those scenarios would explode the carry trade. Most likely, is global RISK OFF. With the Fed/BOJ both dick in hand. pic.twitter.com/Zl4hdIBW0i — Mac10 (@SuburbanDrone) December 19, 2023 JUST IN: Fed's …
by TonyLiberty Minimum wage hikes are coming to many US states in 2024. The most notable increase will be in California, where fast-food workers will be paid at least $20 per hour. Other states raising their minimum wages include: Hawaii (up 16.7% to $14), Nebraska (up 14.3% to $12), Maryland (up 13% to $15), Delaware …
Hawaii will raise minimum wages 16.7%, Nebraska 14.3%, Maryland 13% and Delaware 12.8%. The most notable wage increase of all may be California’s targeting fast-food companies, which beginning on April 1, 2024, requires big employers like McDonald’s and Chipotle to pay the state’s estimated 500,000 fast-food workers at least $20 per hour. But employers of …
YouTube has become the latest platform to increase its prices, following in the footsteps of Netflix, Apple TV+ and Disney+. The price of the YouTube Premium family plan, which allows six accounts to use the same subscription, will increase by £2 from £17.99 to £19.99 in the UK. Meanwhile, in the US and Canada, costs …
Stock Buybacks around the world have plunged to a 7-year low pic.twitter.com/QZzDD97Jwt — Barchart (@Barchart) November 1, 2023 With the rapid rise in yields since the federal reserve's last meeting, they are unlikely to change their policy stance given the rise in yields "naturally" tightens the economy. Goldman has estimated that the recent rise in …
by confoundedinterest17 Going down! The US housing market, that is! Federal Reserve Jerome Powell said at the luncheon in New York City that “Inflation is still too high”, meaning that rate cuts are on hold and maybe a rate hike or two may come. According to the National Association of Realtors, • Active inventory declined, with for-sale homes …
Breaking: "Just Stop Rate Hikes" protesters interrupt Powell's Economic Club of New York Speech — StockCats (@RealStockCats) October 19, 2023 BREAKING: Fed Chair Powell was escorted out of the room as protesters interrupted his speech at ECNY. — unusual_whales (@unusual_whales) October 19, 2023
Market loves it. Bond yields are down. via YAHOO: DALLAS (Reuters) -Top ranking Federal Reserve officials indicated Monday that rising yields on long-term U.S. Treasury bonds, which directly influence financing costs for households and businesses, could steer the Fed from further increases in its short-term policy rate and substitute the work done by financial markets …
by StatisticalMan Long bonds are not based solely on the current fed funds rate. They are based on projected short term rates over the duration of the long bond. They have a yield at a premium to short term rates due to the risk/lockup but not just the current short term rate that exists right now. They …
Canadian Inflation Climbs to 4.0% in August, Driven by Soaring Gasoline Prices – Bank of Canada Pauses Rate Hikes Amid Economic Contraction In August, Canada experienced a notable inflation rate surge, reaching 4.0%, primarily attributed to the steep rise in gasoline prices. This rapid increase in consumer prices has raised concerns about the overall economic …
Wages haven’t really kept up. Think most of the market is smoke and mirrors and resembles the run up during corona virus to me. People are poor. We are seeing more and more people living paycheck to paycheck to make ends meet. People fall back on credit cards to get by. Credit is starting to …
JUST IN: 🇺🇸 FED Chair Jerome Powell says inflation is still too high and warns more interest rate hikes are coming. — Watcher.Guru (@WatcherGuru) August 25, 2023 Powell calls inflation too high and warns to raise rates further – CNBC https://www.cnbc.com/2023/08/25/fed-chair-powell-calls-inflation-too-high-and-warns-that-we-are-prepared-to-raise-rates-further.html “Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight …
Energy stocks are only 5% away from recent highs. If historical correlations matter, it is hard to believe oil won't follow the same path. That alone would imply a 48% return from its current levels. As a crucial contributor to inflation, rising energy costs could have a… pic.twitter.com/fBZ60dhWlO — Otavio (Tavi) Costa (@TaviCosta) August 11, …