Independent thinking for complex markets and current events
via Mike Shedlock: Median new home prices are plunging. What will homebuilders do for an encore to entice buyers? Median new home sales prices vs new home sales, data from the Census Department, chart by Mish Existing homes sales prices remain stubbornly high as measured by Case-Shiller repeat sales of the same home. In contrast, …
Exposure to extreme heat and pollution may double risk of a deadly heart attack, study shows As heat waves and wildfire smoke continue to affect parts of the United States, doctors are warning that people need to watch their heart health — particularly if they live in areas with high pollution levels. The risk of …
by Chris Black The funny thing is that most than half of the population of Hamburg-Mitte is made up of ethnic minorities, which presumably means their foodis really, really good. Now, even if this is all just the result of immigration – would you really prefer to not have insanely tasty kebab? Remix: Violent crime …
by Chris Black A drastic increase in violent crime is a great sign for society. Crime skyrocketing in Washington DC. (And not just in the White House).https://t.co/je23FxrzvG — RAMZPAUL (@ramzpaul) July 24, 2023 You can’t stop “theft.” It’s not even theft. It’s called “reparations.”
They are pumping the Stock Market up for the Fall 2023 Crash. Invest Wisely. Active managers had less than 20% exposure to equities last October when the S&P 500 was at 3,500. Today their equity exposure has jumped above 99% with the S&P 500 above 4,500. This is the highest exposure since November 2021. pic.twitter.com/61vcbdEbvl …
Mass brawls have been breaking out in Helsinki, Finland among the youth in migrant communities. What is now a common sight in Sweden, England, Netherlands, Portugal, Belgium and France is becoming more and more common in every part of Europe. pic.twitter.com/uAFqJfefat — Ian Miles Cheong (@ianmiles) July 21, 2023 🇫🇷 #France is going through a …
https://twitter.com/BernieSpofforth/status/1682283846761324544
The rise in continuing claims by 33,000 suggests increasing challenges for job seekers as job openings continue to drop. Trend continues to follow your typical rise in continuing claims after the 10 year / 3 month inverts. pic.twitter.com/xUlNwKmlo2 — Don Johnson (@DonMiami3) July 20, 2023 The initial jobless claim remains within the typical trend that …
You will own NOTHING and you’ll be happy! Since REINSURANCE companies are global (not based in the US), they aren’t subject to US laws/regulations. Guess which group of international GLOBALISTS own the REINSURANCE companies? Many insurance companies are deciding to pull out of the California market altogether, leaving home owners with no options. This in …
by Dismal-Jellyfish Source: https://www.bls.gov/news.release/cpi.nr0.htm All items less food and energy: Inflation and Housing: The overall index for items excluding food and energy increased by 0.2% in June. The cost of housing, represented by the shelter index, rose by 0.4% in June. Rent increased by 0.5%, and owners’ equivalent rent (for homeowners) increased by 0.4%. However, …
by LeonQuin From over-representing minorities to the algorithm showing you content guaranteed to make your blood boil there is seemingly no end to the amount of ragebait. Picking a mainstream movie is a matter of how much you want to be lectured at by the arrogant elite. Watching the news is less about important subjects …
Inflation isn't really falling like headlines say. Core +5.3%, food +6.7%. The only reason headline was 4% is gas/fuel oil at -11.7%. @BobEUnlimited has an excellent series of tweets that talk about wages +5.7% w/ -0.7% productivity and structural inflation. pic.twitter.com/GlMTzeDjWs — Dan Davis (@DanDavi47038421) July 5, 2023 AAA – Fed funds curve has inverted …
by confoundedinterest17 Welcome to why I am always dubious about Federally-reported economic numbers, like GDP. GDP was adjusted up to 2% QoQ for Q1. But what was the reason for the dramatic revision? Net trade was the biggest change: exports were revised from 0.58% to 0.86%, while imports subtracted only -0.28% from the bottom line …
by BoatSurfer600 This recession will turn into a depression real quick. Americans under 25 racked up more credit card debt than any other age group last year – and they’re about to run into trouble as financial conditions tighten and inflation stays high “Defaults and delinquencies could spike among young adults who’ve racked up credit …
via theguardian: Car insurance is the latest household bill to go through the roof, with angry motorists complaining that prices are shooting up by as much as 70% when their policy comes up for renewal. While fuel prices have dropped back from 2022’s record highs the latest inflation bulletin from the Office for National Statistics (ONS) showed a new …
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 …
Usage of Fed discount window and Bank Term Funding Program (BTFP) has continued to creep higher over past handful of weeks pic.twitter.com/PFUyEo7Lbp — Liz Ann Sonders (@LizAnnSonders) June 20, 2023 Wall Street Sours on America’s Downtowns
US cities where the tax rate jumps most between $100,000 and $250,000, per Bloomberg: pic.twitter.com/gQ5DojPsLS — unusual_whales (@unusual_whales) June 8, 2023 In New York and San Francisco, a $250,000 salary has the purchasing power of only about $83,000 after accounting for taxes and adjusting the remaining amount for the local cost of living, per Bloomberg. …
First-time jobless claims rose sharply last week in a potential sign that the labor market is softening up after more than a year of interest rate hikes. Initial filings for unemployment benefits totaled a seasonally adjusted 261,000 for the week ended June 3, an increase of 28,000 from the upwardly revised level of the previous …
by B3stAuD1t0rofA11tiME I’m sick of this shit If the goal is 2% inflation and we are at 5% per the imaginary numbers they report you don’t just skip a rate hike Especially when true inflation is 20%+ Just look at the price increase of a Big Mac pre-pandemic and today I trust that more as …
