Small Business Optimism Index hits lowest since Dec 2012, marking 3rd consecutive decline, 50th straight month below 50-year average.

The outlook for small business sales is beginning to decline, historically signaling a challenging macroeconomic environment. The Small Business Optimism Index plummeted to its lowest level in March since December 2012, marking the third consecutive decline and the 50th consecutive month below the 50-year average of 98. Small biz sales outlook starting to deteriorate… Historically …

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Market climbs as implied ERP for S&P 500 hits 4.23%, lowest since 2008. S&P 500 pricey based on 19/20 metrics.

The paper is verbose (155 pages) and not riveting reading, but it does include everything I know about equity risk premiums and their estimation. My first update was written in 2009, during the financial crisis, and I have updated it annually since. https://t.co/wZcZy5Az5C pic.twitter.com/dFUA7sbVNr — Aswath Damodaran (@AswathDamodaran) March 30, 2024 The standard approach to …

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Japan issues strong warning as yen hits lowest level since 1990.

Japan Steps Closer to Intervention as Yen Hits Lowest Since 1990 Japan stepped closer to currency intervention with its strongest warning yet after the yen slid to the weakest level in about 34 years against the dollar. “We are watching market moves with a high sense of… pic.twitter.com/TJbwb6ZeKj — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) March …

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Steel Production Down to Lowest in 15 Years in Germany

by Chris Black The incredible part is that there is no plan to fix any of this. The German government has effectively said “this is just going to keep getting worse and worse.” It’s a complete deindustrialization project, the explanation being that the leaders of Germany don’t like the leaders of Russia. Remix: Steel production …

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China’s Economy Grows by 5.2% in 2023; Stocks Hit Lowest Valuation Against S&P 500 Since 2010 – Government Warns Against Institutional Stock Sales

BREAKING: China economy grew around 5.2% in 2023: Premier READ: https://t.co/YFpRF9hjFj pic.twitter.com/kC6OyTC4YN — Insider Paper (@TheInsiderPaper) January 16, 2024 Chinese Premier Li Qiang said Tuesday the country’s economy was expected to have grown by around 5.2 percent in 2023, as he addressed an annual meeting of global elites in Davos. The figure would represent an …

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China Now Has the World’s LOWEST Fertility Rate

by Chris Black As per the Tweet below, China’s fertility rate is currently 0.88 children per woman. This is LOWER than South Korea AND UKRAINE!! Leaked figures suggest that the birthrate in China dropped 18% in 2023. It stood at 0.88 births per woman in 2023 compared to 1.07 in 2022. Via @MoreBirths pic.twitter.com/zt9DKXUNs9 — …

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‘Wonder how Airbnb owners will react when they have to sell with pending home sales the lowest in 22 years’

They know pic.twitter.com/y8yh6PPLRb — Life curious 🤔 (@ThelifeCurious) December 2, 2023 Pending home sales in the US have moved down to their lowest level since April 2020, a month where much of US economy was shut down. The housing market is frozen. pic.twitter.com/tg5dDVL24H — Charlie Bilello (@charliebilello) November 30, 2023 Car payments now look like …

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Survey of Consumer Expectations: U.S. households probability of being able to come up with $2,000 if an unexpected need arose within the next month falling to its lowest level since 2013.

Source: https://www.newyorkfed.org/microeconomics/sce/credit-access#/financial-fragility1 Wut Mean?: Overall Decline in Consumer Credit Demand (2023): General weakening in most credit application rates. Credit card limit increase applications rose. Rejection Rates Trends: Overall rise in rejection rates for credit applications. Decline in rejection rates for credit card limit extensions and new mortgage applications. Higher creditworthiness among those applying for new …

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NBC’s Kornacki: Biden’s Job Approval Is ‘Lowest’ Ever Measured in Our Poll (video). NBC polls show Trump defeating Biden

The significance is that is the lowest President Biden has ever measured in our poll in terms of job approval. Just look at the sea change from the start of this year. Recall, remember, Democrats coming off strong from the 2020 midterms, he was almost even. Now he’s 17 points underwater. …… To go a …

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ACT Test Scores Drop to Lowest Level in 30 Years

via cleveland19 The average Composite score on the ACT test for the class of 2023 has fallen to 19.5 out of 36, according to a report. The decrease in scores marks a decline of 0.3 points from 2022, when the average score was 19.8, data released by ACT in October shows. ACT is the nonprofit organization …

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Back In Time! MBA Mortgage Purchase Demand (Applications) Decline To Lowest Level Since 1995 (Down -22% Since Last Year)

by confoundedinterest17 We are back in time … at least for the mortgage market. Thanks to Bidenomics!!!! Mortgage applications decreased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 27, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased …

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Mortgage demand drops to the lowest levels since 1996 as interest rates hit 8%. Mortgage applications for home purchases are down 22% compared to a year ago.

by TonyLiberty Mortgage demand drops to the lowest levels since 1996 as interest rates hit 8%. Mortgage applications for home purchases are down 22% compared to a year ago. ​ Rising rates are pushing more potential homebuyers out of the market but the Federal Reserve is expected to keep raising interest rates to fight inflation. …

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Global funds slash china stock positioning to lowest since 2020… Chinese developer SCE Group seeks offshore debt restructuring after default

(Bloomberg) — Global funds further trimmed their Chinese stock holdings in September, extending a relentless selloff and lowering their average position in the country to the lowest level since 2020, Morgan Stanley said. Net monthly outflows from active long-only managers in China and Hong Kong equities totaled $3.2 billion during the month largely due to …

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CNN just hit rock bottom with network’s lowest ratings ever – just 55,000 viewers watched its weekend slate of shows

Whenever you think these networks have more sway or influence than you think. Good to check on how many still watch. via trendingpoliticsnews: In a turn of events for the once-dominant news network, CNN has recorded its lowest ratings ever, marking a significant decline in its viewership. The decline is particularly pronounced in the advertiser-coveted …

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Mortgage Applications Decreased For Seventh Time In Eight Weeks, Lowest Level Since 1996 (Purchase Apps Down -11% WoW And -27% YoY)

by confoundedinterest17 Well, this isn’t good if you are a mortgage lender. Mortgage applications decreased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 8, 2023. This week’s results included an adjustment for the Labor Day holiday. The Market Composite …

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Rising Oil Prices Might Be What Tips US Into Recession As Biden Drains The Strategic Petroleum Reserve (Crude Oil Reserves Lowest Since 1985)

by confoundedinterest17 Its hard to watch Biden and The Progressive Greens destroy the enegy security of this great nation. Biden is draining the Strategic Petroleum Reserve, probably in a misguided attempt at ensuring we never go back to abundent petroleum again. Crude oil inventories are now the lowest since 1985. Authored by Simon White, Bloomberg …

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The equity risk premium (ERP) is at the lowest level since Pre-GFC; PEG ratio hit levels comparable to the Dot Com bubble

The equity risk premium (ERP) is at the lowest level since 2006 Indicating that stocks are very expensive relative to bonds pic.twitter.com/5tysUfs1Hy — Bravos Research (@bravosresearch) September 4, 2023 This ratio hit levels comparable to the Dot Com bubble We all know how it ended back then… pic.twitter.com/gb9Uzm7MPj — Bravos Research (@bravosresearch) September 5, 2023 …

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Saudi exports plunge, lowest in 2 years

Yesterday we reported that the price of oil jumped to the second highest level of 2023 amid plunging US inventories… … and news that Russia had agreed to further oil export cuts. Today, West Texas Intermediate extended its gain, surging another $2 to $85.55 and hitting the highest level of 2023  – just in time for headline inflation to surge again – …

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Burning Down The Housing Market! Mortgage Demand Decreased in Weekly Survey Purchase Applications “Lowest Level Since April 1995”

by confoundedinterest17 The Talking Heads said it best. Bidenomics is burning down the housing market. Bidenomincs (or trying to recover from Yellenomics) is responisble for interest rates rising to flight inflation and the collapse of mortgage lending. And she was … Janet Yellen. Mortgage demand (applications) decreased 4.2 percent from one week earlier, according to data from …

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