Independent thinking for complex markets and current events
by confoundedinterest17 Bidenomics is a windfall for the donor class (high rate of return on campaign contributions) while the middle class gets beaten to a pulp. Waiting for Biden to lean over and creepily whisper “It’s working!” Even though it is clearly not working, at least for the middle class. Evidence that Bidenomics is not …
by confoundedinterest17 Bidenomics is a windfall for the donor class (high rate of return on campaign contributions) while the middle class gets beaten to a pulp. Waiting for Biden to lean over and creepily whisper “It’s working!” Even though it is clearly not working, at least for the middle class. Evidence that Bidenomics is not …
via housingwire: In this brutal housing market, you’ll need to make $115K to buy the typical US home It is almost 3 times more than what the standard American household makes. The last two years of soaring mortgage rates and rising home prices have brought the fastest erosion in housing market affordability in modern history, …
The Nasdaq’s return compared to US Treasuries is now at a record high, surpassing levels seen during previous bubbles and indicating a significant gap between equity and bond returns. So many unsustainable metrics out there right now. This also underscores the significant outperformance of the S&P 7 to the remainder of the index. Markets are …
https://twitter.com/Kacper_PK_CH/status/1713631923891745067 https://twitter.com/JustinRose/status/1713736857622651300
"47% of my income goes to rent currently" "I could never buy a home; I currently don't save any money" How will this younger generation ever be able to afford anything? 🔊 … 🚨🚨🚨 Cost of living for rent and food has gotten too far ahead of real income. It doesn’t matter if… pic.twitter.com/KjF7IQKw57 — …
US housing market affordability is, by far, at its lowest point in history. Even in the worst part of the 2008 financial crisis, affordability was ~15% BETTER than its current levels. With the recent move higher in treasury yields, we should see 8%+ mortgages within a week or… pic.twitter.com/fhfRwmMcSf — The Kobeissi Letter (@KobeissiLetter) September …
With the median mortgage payment exceeding the cost of rent by $1,000 per month and average new car payments and used car loan interest rates reaching new highs, households are feeling the strain of increasing expenses. The milestone of $1 trillion in credit card debt, coupled with record-high interest rates of 25%, underscores the growing …
by TonyLiberty US States with the highest income taxes: 13.3% California 11% Hawaii 10.9% New York 10.75% New Jersey 9.9% Oregon 9.85% Minnesota 9% Massachusetts 8.75% Vermont 7.65% Wisconsin 7.15% Maine US States with no State Income Tax: • Texas • Alaska • Florida • Nevada • Wyoming • Tennessee • Washington • South …
The contrast between the United States in 1960 and 2023 is quite striking when you look at these key economic figures. Back in 1960, the median family income stood at $5,600, while the median cost of a house was $11,900. These numbers illustrate a very different economic landscape, where incomes were considerably lower compared to …
by confoundedinterest17 Here are some bits and pieces about the US economy and interest rates. The Federal Reserve, the most powerful Socialist machine on the planet, is considering rate their target rate after some bad economic news. First, real median household income (released yesterday for 2022) showed a decline of -2.3%. That is the worst …
by confoundedinterest17 Bidenomics is a train wreck. But unlike E. Palestine Ohio, the site of a train derailment and massive toxic spill (for which Biden has yet to visit), Bidenomics is a continuing train wreck. The first chart is the record decline in US net cash farm income. Now in negative growth! Second, US office …
by confoundedinterest17 The glories of Bidenomics is on fully display. Despite what Lyin’ Biden says, Bidenomics is only working for the elites (top 1%). How Soviet/CCP command economy of him! Here is an ugly chart showing Bidenomics in action! We all know that Covid unleashed a torrent of Fed monetary stimulus AND Federal spending on …
Due to the housing bubble, much higher interest rates, banking crisis and the softening economy. The middle class are being thrown to the curb on house ownership. You will own nothing. These are medians, people Sure, everyone knows a plumber foreman, nurse practitioner, construction manager, and tenured teacher making bank That is not the NORM …
These are medians, people Sure, everyone knows a plumber foreman, nurse practitioner, construction manager, and tenured teacher making bank That is not the NORM — Amy Nixon (@texasrunnerDFW) August 27, 2023
It is clear that home affordability is deteriorating rapidly, and this trend is likely to continue in the near future. This could lead to another housing market crash, as people are unable to keep up with their mortgage payments. h/t bawalibaba
by confoundedinterest17 Bidenomics, which is also Yellenomics (the former Fed Chair and current Treasury Secretary) has The Good, The Bad and The Ugly to say for it. First, The Good! The Atlanta Fed’s GDP Now real time GDP tracker has Q3 GDP at … 4.12%. Pretty good, but bear in mind that there is still more than …
Inflation is rocketing again, lumber/housing prepping to get crushed pic.twitter.com/bNXL7LByYM — Darth Powell (@VladTheInflator) August 7, 2023 ⚠️INFLATION⚠️ Cost for US middle-class family of four outstripping median male income. In 1985… ◼️Costs: $17,586/yr◼️Income: $23,036/yr◼️Net: +$5,450/yr In 2022… ◼️Cost: $75,732◼️Income: $63,388/yr◼️Net: -$12,344/yr h/t @LizAnnSonders @AmerCompass pic.twitter.com/TVqfc5POXA — Hedgeye (@Hedgeye) August 7, 2023 First-time homebuyers must now …
Total US govt revenue is about $5 trillion per year from all sources. Personal income taxes are about 42% of the total, so around $2.1 trillion. So roughly 1/2 of all personal income taxes collected by the US govt is going to pay interest on the $33 trillion national debt. — Wall Street Mav (@WallStreetMav) …
Least affordable housing market so far. h/t Goldenbird666
by confoundedinterest17 Commercial real estate (CRE), particularly office space, reminds me of the Arthur Brown tune “Fire!” except that Jerome Powell of The Federal Reserve is the God of Hellfire! While fighting inflation caused by … The Federal Reserve and insane Federal spending (aka, Bidenomics). Call this the Over, Under, Sideways Down economy. The top 1% are doing quite …
by Chris Black Meanwhile, the Republicans continue to refuse to call for the IRS to be abolished, even whilst it is obviously unconstitutional. IRS will stop showing up at homes unannounced in effort to protect agents, combat scammers https://t.co/d9oDgDP9Ms pic.twitter.com/PZkatuxhMS — New York Post (@nypost) July 24, 2023 Have you seen these photos of the …
by confoundedinterest17 Alarm! The global credit correction has arrived. Or as Bill Paxton said in Twister, “It’s already here!” The question is, how far into the economy will it extend? US Gross Domestic Income YoY is still growing strong at 4.5%, but shrinking really fast as Fed monetary stimulypto wears off. S&P Global Ratings’ Credit Cycle …
JPMorgan Chase reported second-quarter earnings Friday that topped analysts’ expectations as the company benefited from higher interest rates and growing interest income. Earnings: $4.37 per share adjusted vs. $4 per share Refinitiv estimate Revenue: $42.4 billion vs. $38.96 billion estimate Net income surged 67% to $14.5 billion, or $4.75 per share. When excluding the impact …
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 investors. However, in the current economic environment, there are growing concerns that NVIDIA’s stock may …
by confoundedinterest17 Bidenomics is a great marketing ploy where you have out of control Federal spending and magically decide to reopen the economy and school after Covid and focus only on jobs added after Biden was selected President and ignore the jobs added during Trump. Real gross domestic income (GDI) is a measure of the incomes …
David Weiss allegedly tried to bring charges against Hunter in Washington D.C. and California in the fall of 2022 and had that request denied in January 2023 The unverified testimony dropped as Hunter Biden enters into agreement that will see him plead guilty to two misdemeanor tax crimes He will also avoid prison on a felony …
The IRS data showed that in 2021, New York State lost adjusted gross income worth $25 billion. Read more: https://t.co/RLnJmCQTDQ — unusual_whales (@unusual_whales) June 12, 2023 Lost of people from NY are heading to Florida
via fox26houston: HOUSTON – A new, multi-million dollar program was announced Monday in Harris County that looks to help bridge economic inequality and reduce poverty. Harris County Judge Lina Hidalgo and Commissioner Rodney Ellis introduced the $20.5 million investment program called Uplift Harris. The program will be proposed during Tuesday’s Commissioner’s Court meeting Tuesday. As the first of its …
