Independent thinking for complex markets and current events
by ChampionshipUsed9855 Long-term Treasury rates increased from 3.5% to 5% during last 6 months. It may push long-term inflation above current expectations. US government has debt of 120% GDP and duration of 7+ years, therefore this 1.5 percent increase in long-term interest rate will increase interest payment by 1.8% GDP. It may look tiny, but …
Transit fees for oil tankers and several other types of vessel passing through Egypt’s Suez Canal will rise by as much as 15 per cent from mid-January, the waterway’s authority said on Tuesday. The increase will apply to crude oil tankers, petroleum derivative carriers, liquefied natural gas carriers and liquefied petroleum gas, container ships and …
View post on imgur.com Approximately 70 million Americans will see a 5.9% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2022. Federal benefit rates increase when the cost-of-living rises, as measured by the Department of Labor’s Consumer Price Index (CPI-W). The CPI-W rises when inflation increases, leading to a higher …
What’s behind the Washington, DC murder spike? The capital of the United States of America is threatening to reclaim its reputation as the nation’s murder capital, as well. According to preliminary data for 2023 from Washington, DC’s Metropolitan Police Department, a total of 214 homicides had been committed in the metropolis as of September 29, …
Russia has announced it is withdrawing from nuclear test ban treaty Russia to Reverse Nuclear Test Ban Pact Ratification, Envoy Says Russia’s envoy to the Comprehensive Nuclear Test Ban Treaty Organization (CTBTO) said on Friday that Moscow will revoke its ratification of the pact, a move that Washington denounced as endangering “the global norm” against …
The jump in various food commodity prices is not entirely due to inflation. However, rising food prices certainly are contributing to the ongoing issue. It truly is a unique time to be an investor/trader. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) October 5, 2023 https://t.co/sLpTGRJBZU — Win …
Netflix Plans to Raise Prices After Actors Strike Ends Company to become the latest streamer to lift fees; Disney weighs launching a new live-sports tier abroad Netflix NFLX -0.94%decrease; red down pointing triangle plans to raise the price of its ad-free service a few months after the continuing Hollywood actors strike ends, the latest in …
via MSN: CVS is set to close hundreds of stores across the country as it undergoes a complete retail overhaul – as more outlets move towards online sellers amid rampant increases in crime. The major drugstore chain is coming to the end of a policy launched in 2021 which will see 300 stores closed each …
via DCG: America is in decline, particularly in democrat-run cities. As a result, our nation is facing the folowing: Increased inflation and interest rates Increased debt (both for the nation and many individual households) Disasterous “Defund the Police” policies Increased crime with soft-on-punishment policies Open borders with thousands of illegal aliens arriving daily as well …
Hospitals in Maryland has seen a spike in serious injuries and deaths among patients caused by medical errors during fiscal year 2022, according to a new report from the Maryland Department of Health’s Office of Health Care Quality. The state reported a total of 832 adverse events — defined as an unexpected occurrence related to …
CVS is set to close hundreds of stores across the country as they undergo a complete retail overhaul – as more stores move towards online sellers amid rampant increases in crime. The major drugstore chain is coming to the end of a policy launched in 2021 which will see 300 stores closed each year – …
by Dismal-Jellyfish https://www.bls.gov/news.release/pdf/ppi.pdf https://data.bls.gov/timeseries/WPSFD4&output_view=pct_1mth The Acceleration of Inflation in the Second Half Has Begun, “Disinflation” Honeymoon Terminated The Consumer Price Index (CPI) jumped by 0.63% in August from July, the biggest month-to-month increase since June 2022. Annualized, this amounts to a red-hot 7.8%. This jump comes despite the still ongoing ridiculous monthly adjustment to the health …
Makes sense, with the acceleration in credit card defaults hitting levels higher than even the 2008 Financial Crisis pic.twitter.com/AA0i4w9S97 — Bravos Research (@bravosresearch) September 12, 2023 BREAKING: Delinquency rates among credit cards issued by smaller banks are the highest on record, per Apollo Group. — unusual_whales (@unusual_whales) September 12, 2023 The crashing office market will …
by Chris Black It’s almost like the whole world is filled with hormone-disrupting chemicals, huh? Daily Mail: Record numbers of young girls are hitting puberty too soon – with some as young as four – as experts blame obesity as a key factor. New data shows the number of times girls were seen at hospital …
via Mike Shedlock: If the Fed is taking economic clues from the Services ISM or from energy, it’s not done hiking. Manufacturing is a different story. ISM chart and excerpts below by permission from the Institute for Supply Management® ISM® Please consider the August 2023 Services ISM® Report On Business® emphasis mine. Economic activity in the services sector …
by confoundedinterest17 Another (economic report) bites the dust! U.S.-based employers announced 75,151 cuts in August, a 217% increase from the 23,697 cuts announced one month prior. It is 267% higher than the 20,485 cuts announced in the same month in 2022, As M2 Money growth collapses to Great Depression levels. Instead of The Dust Bowl, we can call …
by EuphoricTrilby Bidenomics: Create 15% food inflation with reckless Covid policy and mandates, then take credit for when inflation “falls” to 6%. https://www.ers.usda.gov/data-products/food-price-outlook/summary-findings/ Americans work three jobs in a single household to put food on the table. Americans on Maui are still digging their dead children from the rubble. And the most most corrupt administration …
via wikipedia: The candy bar protest, also known as the 5 cent chocolate war, the 5 cent war and the chocolate candy bar strike,[1] was a short-lived 1947 protest by Canadian children over the increase in price of chocolate bars from five to eight cents.[2][3] The strike began in Ladysmith, British Columbia, and spread across …
via CNBC: Part time workers will make $21 from currently $15.50. Full time workers will be paid $49 an hour an increase of $7.50 over the contract. Total compensation with benefits will be $170,000. Average base pay before overtime or benefits will be approximately $102,000. The new contract includes pay raises for both part-time and …
via Mike Shedlock President Biden accuses China, Germany, and Canada of dumping steel used to package canned goods. The result will be higher prices for everything canned including soup, sauces, and vegetables. New Tariffs on Food-Can Metal From China, Germany and Canada Please expect the price of all canned goods to rise due to New …
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 as stable for the second month in a row. Remember, services are where ~2/3 of …
Grocery prices rose 3.6% for the year, higher than the overall 3.2% increase of consumer prices, per CNN. Food altogether, including menu prices, went up 4.9%. — unusual_whales (@unusual_whales) August 15, 2023 Food and Gas Prices Continue to Rise, Putting Strain on Americans’ Budgets Gas prices have risen significantly in recent weeks, according to pricing …
Bankruptcies by sector are even more concerning Consumer discretionary leads with 48 bankruptcies, a sign that consumers are feeling the pain. Industrials is next, at 46, another sign of pain from higher rates. Follow us @KobeissiLetter for real time analysis as this develops. pic.twitter.com/zBQBeElwpK — The Kobeissi Letter (@KobeissiLetter) August 15, 2023
by Chris Black Not sure why the US wasn’t able to predict this when they did those sanctions! Remix: Russia has now become the main crude oil supplier of India, one of the world’s largest consumers, Hungarian daily Magyar Hírlap reports. According to the data, export volumes were almost 11 times higher than last year’s shipments …
The Fed has been clear that 2% is their inflation target. Now, we have inflation rising again and hovering near the 3% mark. Will the Fed raise their inflation target or will they finally get it under control? Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) August 10, …
Higher cost for consumers… ” How Yellow’s Bankruptcy Is Rippling Through the U.S. Economy – WSJ ” ” Industry experts say they expect prices to rise with Yellow’s rates now off the table for many shipping customers.” https://www.wsj.com/articles/yellow-bankruptcy-us-economy-e2761b0b “… we are anticipating that freight rates will actually increase over these next few months, because Yellow …
https://twitter.com/Econimica/status/1686999658483314688 Stages of a Super Bubble (used S&P 500 from 2010 to 2023). There's nothing to fear, Minsky Moment is here… pic.twitter.com/tdc025i3pd — Minsky Moment (@BP_Rising) August 2, 2023 https://twitter.com/Econimica/status/1686861898225246208
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 in deficits, plus refinance all of the maturing debt at the new… pic.twitter.com/9HbpkN7USD — Wall …
Florida has seen a huge surge in leprosy cases, with rising evidence suggesting the disease is becoming endemic in the southeastern United States. Leprosy, which is scientifically known as Hansen’s disease, is a chronic infectious disease that primarily affects the skin and peripheral nervous system. The number of reported leprosy cases in the southeastern states …
