Independent thinking for complex markets and current events
During an interview on FOX Business’ “The Big Money Show,” JKC Trucking co-owner Mike Kucharski explained that while he supports the integration of green energy, new EPA regulations are “extremely frustrating” and cautioned that technology could come at a “catastrophic” price. He warned that the trucking industry is particularly susceptible to the consequences of pushing …
via Mike Shedlock: There’s a recurring claim that the price of rent will decline as soon as the near-record number of housing units under construction are completed. Let’s investigate the claim. Housing units completed from the Census Department, Rent of Primary Residence from the BLS, chart by Mish. The price of rent has gone up …
The recent tumult in Chinese stocks has sent shockwaves through the nation’s asset management sector, resulting in a notable uptick in mutual fund closures. In 2023, around 240 local mutual funds were liquidated, marking the highest closure rate since the industry underwent a significant shakeup in 2018 due to more stringent asset management regulations. What’s …
pic.twitter.com/r4RKCZl7hA — QUACK (@RichQuack) January 18, 2024
In a recent CNBC appearance, Jamie Dimon acknowledged that voters support Trump for his stances on critical issues like the economy, immigration, and China. Despite disliking Trump’s communication style, Dimon emphasized the importance of respecting fellow citizens’ perspectives. He cautioned against negative discourse around MAGA, suggesting it could have repercussions for Biden’s campaign. Dimon’s insights …
Democrats Introduce Bill to Effectively Destroy the Constitution’s Last Line of Defense Against Tyranny, ENDING Militias and the 2nd Militias who like to spend their weekends training to overthrow the government could find themselves running afoul of federal law, under new legislation being proposed in the House and Senate Thursday that seeks to curtail paramilitary …
Yep, I talked to the owner of a pizza place in Las Vegas last year. Great location amongst all the downtown casinos. His rent was 30k month. Probably 25 ft wide by 100 ft deep. 2500 sq feet. $64 for a large pepperoni or $8 slice. 468 pizza/month plus other cost to break even. — …
2/4Lower deposit rates may be justified, given low and negative inflation, but their impact on Chinese consumption is complex. On the one hand, they may encourage Chinese households to save less out of current income, although this depends on their saving targets. — Michael Pettis (@michaelxpettis) December 22, 2023 4/4The best way to redirect demand …
Washington Democrats propose law to jail citizens who use gas-powered lawn tools A bill pre-filed by state Rep. Amy Walen, D-Kirkland, would amend the state’s Clean Air Act to ban new “gasoline-powered and diesel-powered landscaping and other outdoor power equipment.” The bill states that gas-powered lawn equipment contributes to climate change and claims such tools …
A new congressional report highlights the alarming economic toll of illegal immigration, estimating a burden ranging from $150 billion to $450 billion per year on taxpayers. This translates to approximately $13,000 for every individual migrant, with a mere 20 cents contributed for every dollar taken. The report attributes the fiscal strain to factors such as …
https://twitter.com/Econimica/status/1723988990091575624 https://twitter.com/Econimica/status/1723988071333642376
This one is going to hurt. The UAW strike is having a massive impact on trucking volumes. I haven't seen this big of a drop in trucking contract volumes outside of a holiday since the start of COVID. Contracted load volumes are down over 12%. https://t.co/7Kd2M98QnO pic.twitter.com/1aD3gwJ9Qt — Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) October 4, 2023
Paul Krugman: “Inflation is way down. Presumably this hasn’t broken through at all to the wider public.”
A long way till possible landfall and model trends are having the forecast shift west. The 0z KOREAN has a stronger storm that’s west of the 12z run yesterday. 🤔 pic.twitter.com/TIjNqL4WVn — The Meteorological Eclipse (@reid_lt) September 6, 2023 Oh come on Euro, whatcha doing at the end? Lee pulls in closer pic.twitter.com/OhiGBtQruE — Ralphs …
To be clear I shouldn’t of said 43 million, that’s all Americans with student loans. According to Forbes 6.4m are still in school and 500k are making payments. So about 36 million is a more accurate number. Concept remains the same. — George Gammon (@GeorgeGammon) August 16, 2023
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 this chop into the market to keep going while investors move from growth to value …
The strategic destruction of food storage & processing facilities that the US has been enjoying over the last two years is making its way to Europe https://youtube.com/shorts/xkDR43l7NUs?feature=share Original source: https://twitter.com/YWNReporter/status/1688525440107814912?t=dV621j5G0QpjrVESs2fEyA&s=19 h/t UniversalSurvivalist
What amazes me is people looking at something as simple as the yield curve and saying “this time it’s different” w/o giving any explanation why there’s so much demand at the long end of the curve. It’s not different this time, this cycle is playing out like every other cycle. — George Gammon (@GeorgeGammon) July …
In the first half of 2023, 340 U.S. firms filed for bankruptcy, setting a new 13-year high, per CNBC: pic.twitter.com/O0LPgwa4VP — unusual_whales (@unusual_whales) July 29, 2023
According to federal guidance circulated among hunting education groups and shared with Fox News Digital, the Department of Education determined that, under the Bipartisan Safer Communities Act (BSCA) passed last year, school hunting and archery classes are precluded from receiving federal funding. The interpretation could impact millions of American children enrolled in such programs. “It’s …
via notayesmanseconomics: Today is the morning after the night before and let me hand you over to the Financial Times to explain why. The Federal Reserve raised its benchmark interest rate by a quarter of a percentage point on Wednesday to the highest level in 22 years, as it wrestles with how much more to …
The media are full of news about UK mortgage rates going higher. But when we get to the cost of living and inflation they ignore its impact over the past year.CPI 0%CPIH 0%RPI 55.1% Give the RPI the credit for telling the real story.https://t.co/7Dm3FbbX7I — Shaun Richards (@notayesmansecon) June 21, 2023 That is an absolutely …
BREAKING: @BlackRock Recruiter Who “Decides People’s Fate” Spills Info on Company’s World Impact “It’s not who the president is- it’s who’s controlling the wallet of the president” “You got $10K? You can buy a senator" “War is real f***ing good for business” #BlackRockExposed pic.twitter.com/DZIy1DuZKF — James O'Keefe (@JamesOKeefeIII) June 20, 2023 James O’Keefe and O’Keefe …
Guest Post by Nick Giamburno at International Man: It’s been rightly said that “he who holds the gold makes the rules.” After World War 2, the US had the largest gold reserves in the world, by far. Along with winning the war, this let the US reconstruct the global monetary system around the dollar. …