Independent thinking for complex markets and current events
by Michael All over America, our core urban areas are teeming with tent cities, hordes of homeless drug addicts, and vast throngs of newly arrived migrants that don’t have anywhere to go. When I wrote about this topic one year ago, homelessness in the U.S. was at an all-time record high, and it was increasing …
The stock market isn't a serious thing anymore How the FUCK is $KULR a $1b company with $3m in revenue in the last quarter and 50% operating LOSS pic.twitter.com/jMA6Y94PNU — Daniel Romero (@HyperTechInvest) December 26, 2024 100x P/S with such margins is bonkers — Daniel Romero (@HyperTechInvest) December 26, 2024 All this talk about the …
The median renter in America has a net worth of $10,400. The median homeowner’s net worth is $400,000 Wall Street Pours Billions Into Build-To-Rent Communities, Betting Big Against Home Ownership Amid High Prices and Interest Rates While the pillars of the stock market are highly concentrated in just a few names. Risk is truly elevated. …
This could explain a LOT about the November election. “The gap between economists’ measurements of economic well-being and what consumers actually said they were feeling puzzled many researchers.” Because the Fed and researchers measured the cost of living wrong. Still do. They lowered inflation in 1983 by changing the way they measured inflation. The red …
by confoundedinterest17 More evidence of how destructive Biden/Harris economic policies have been. The NAR data show existing home sales down 2.5 percent in August to a 3.86 million unit seasonally adjusted annual rate after a small upward revision to 3.96 million units in July. US existing home sales fell in August to near 14-year lows. …
More good news: A nice bounce in consumer sentiment in September, according to the University of Michigan Survey of Consumers. People are noticing lower prices and cooling inflation: 1-year Inflation expectations are down to the lowest since 2020. pic.twitter.com/u8KupQHMRu — Heather Long (@byHeatherLong) September 13, 2024 1. Highest consumer sentiment since May 2. Lowest 1-yr …
by confoundedinterest17 We’re going down! After May’s MoM deflationary impulse (thanks to a plunge in energy costs), June was expected to see a modest 0.1% rise (and we have seen energy prices starting to rise again). Sure enough, headline PPI printed HOT at +0.2% MoM (and May was revised higher), pushing the YoY print up …
MrBeast is suing his food-delivery-service partner. On Monday, the content creator and philanthropist, 25, filed a lawsuit against Virtual Dining Concepts alleging “inedible” and “low quality” food, court documents obtained by PEOPLE show. MrBeast, whose real name is Jimmy Donaldson, claims the company, which he partnered with in 2020 to launch MrBeast Burger, has damaged …
by confoundedinterest17 Wasting away again with Bidenomics, code for massive Federal subsidies to green energy donors. And incentives to buy impractical EVs. Imagine in an emergency and your car only goes 200 miles (and then you have to wait for an available charger to come open). Well, the top 1% are doing fine. But the bottom …
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