march

SCE Labor Market Survey: The proportion of individuals who reported searching for a job in the past four weeks rose to 28.4% from 19.4% in July 2023, highest since March 2014. The average expected likelihood of becoming unemployed in the next four months reached a series high.

Source: https://www.newyorkfed.org/microeconomics/sce/labor#/ TLDRS: The Federal Reserve Bank of New York’s July 2024 SCE Labor Market Survey reveals significant changes in the job market, with 28.4% of individuals actively searching for jobs, the highest level since the survey’s inception in 2014. The rise in job searches was particularly pronounced among those over 45, without a college degree, …

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Over $2.9 trillion erased from major indices today amid global recession fears; worst since March 2020.

Over $2.9 trillion has been wiped out from major indices and stocks this morning due to growing fears of a global recession. byu/External-Noise-4832 inconspiracy Stocks sunk on Friday morning after investors were spooked by a weak jobs report. The unemployment rate fell to the lowest level in almost three years – hitting 4.3 percent in …

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Dumb money just went all-in on stocks, while the U.S. economic surprise index has plummeted to its lowest level since March 2019.

2/ Over the last 50 trading sessions, investors have grown increasingly bullish on the market This optimism has reached levels of complacency similar to December 2021 Just months before the market began a 25% drop pic.twitter.com/HvhkblDRMP — Bravos Research (@bravosresearch) June 20, 2024 4/ When many investors are bullish, smart money gets defensive, scaling back …

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India’s stock market crashes, worst day since March 2020.

The steep fall is due to the results so far falling short of the exit polls, which the market had discounted yesterday. Moreover … it is possible that Modi 3.0 may not be as reform-oriented as the market expected and may turn more welfare- riented. — stan1m1r (@stan1m1r) June 4, 2024

Simply Unaffordable? US Home Prices Reached New Record High In March, Despite Soaring Mortgage Rates (Home Prices UP 34.5% Under Biden, Mortgage Rate 157%)

by confoundedinterest17 Housing in the US is simply unaffordable. Home prices in Biden’s America are up 34.5% even though mortgage rates are up 157%. Home prices in America’s 20 largest cities rose for the 13th straight month in March (according to the latest data from S&P CoreLogic – Case Shiller – data today), up 0.33% (more than the …

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Federal Reserve lent big banks $152B in March 2023 to avert crisis; regional banks rely on discount window; California banks are most exposed.

Unveiling a little-known intervention, the Federal Reserve injected $152 billion into big banks in March 2023, surpassing aid provided during both the 2008 and 2020 crises. As regional banks, grappling with precarious balance sheets, increasingly turn to the discount window for support, questions arise about the Fed’s strategy and the future of banking stability. I …

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Price cuts in Florida hit highest levels since GFC, 30.1% of house listings had price reductions in March 2024.

Florida’s housing market is facing a storm as price cuts hit record levels, signaling potential price drops and posing challenges for both buyers and sellers alike. Key Points: Price cuts in Florida have surged to their highest level since the Global Financial Crisis (GFC). In March 2024, 30.1% of all house listings in Florida experienced …

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Commercial Real Estate Foreclosures Jumped 117% in March

The cracks in the economy are getting bigger. It’s only a matter of time before more banks fail. Article is below. The commercial real estate market is starting to buckle under the weight of higher interest rates and remote work. There were 625 commercial real estate foreclosures in March, up 6% from February and 117% …

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Deja Vu All Over Again: Biden Administration Charts Another Massive Budget Deficit in March

via moneymetals: It was deja vu all over again. The Biden administration ran yet another massive budget deficit in March. Tax receipts were up last month compared to February, but so was spending. That led to a $236.46 billion budget shortfall, according to the latest Monthly Treasury Statement. With another huge monthly deficit on the books, …

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US Industrial Production Is Flat YoY In March

by confoundedinterest17 Watch KJP launch into song about March’s Industrial Production report. “The economy is going loop-de-loop.” In actuality, it rose by zero. US Industrial Production rose 0.4% MoM in March – as expected – which was… wait for it… the same rise as in February after that data was revised notably higher. However, even with the …

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US Housing Starts Collapsed In March – Biggest Drop Since COVID Lockdowns (1-Unit Housing Starts Decline)

by confoundedinterest17 Come feel the noise! After steady growth in 1-unit housing starts under Trump, housing starts have been eratic under Biden despite the foreign invasion force of millions … of low wage workers. The roller-coaster ride in housing permits, starts, and completions in the last few months is set to continue today… and ‘surprise’ they …

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Bloomberg: “Argentina Monthly Inflation Slowed More Than Expected in March”

Consumer prices in March rose 11% m/m versus est. 12.1.% Argentina central bank cut benchmark rate Thursday to 70% Monthly inflation in Argentina slowed more than expected in March, cooling for the third straight print as President Javier Milei’s austerity hurts consumer spending. Consumer prices rose 11% from February to March, less than economists expectations for 12.1%, according …

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S&P 500 futures plummet as March CPI inflation spikes, signaling sustained inflationary pressures.

Market turbulence ensues as S&P 500 futures plummet nearly 100 points within minutes following March CPI inflation data. Rising inflation for the second consecutive month sparks concerns and fuels speculation about potential rate cuts. BREAKING: S&P 500 futures are now down nearly 100 points in less than 10 minutes after March CPI inflation. The 3.5% …

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Another Lousy Job Market Indicator: WARNs Are Soaring… And Challenger-Grey Announced That March Saw Most Job Cuts Since January 2023

by confoundedinterest17 Bidenomics was born under a bad sign. Or born under large corporate donor payoffs. In the real world labor market, 2024 has been a deluge of layoffs of the US economy… 1. Everybuddy: 100% of workforce 2. Wisense: 100% of workforce 3. CodeSee: 100% of workforce 4. Twig: 100% of workforce 5. Twitch: 35% of …

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US credit card debt hits record $1.1 trillion in March; consumers pulling back on spending.

The US credit card debt has already reached $1.1 trillion in March, an all-time record. Moreover, even when adjusted for inflation this debt has hit a record, surpassing the 2020 levels. Are US consumers' finances seriously stretched? Full analysis below👇 pic.twitter.com/cPrbTdAcy3 — Global Markets Investor (@GlobalMktObserv) April 3, 2024 Are US consumers’ finances seriously stretched? …

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Trump needs to post an appeal bond worth more than $454 million — with $87,500 daily interest — or seizing his assets on 25 March

CNN — Former President Donald Trump must come up with the full amount to cover the $454 million verdict in the civil fraud trial, an appeals court judge ruled Wednesday. Associate Justice Anil Singh, however, lifted a ban on Trump’s ability to obtain loans from New York regulated financial institutions, which could allow him to …

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The “Blood Moon Purim Eclipse” Of March 25th Will Happen At About The Same Time “The Devil Comet” Becomes Visible To The Naked Eye

by Michael During the next couple of months, so many amazing things are going to be happening in the heavens.  For example, during the Great American Eclipse of 2024 on April 8th, the sun, the moon and the seven other planets in our solar system will all line up in the sky.  It is almost as …

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The Ides Of March! New York Community Bancorp Collapsing (Small Bank Delinquency Rate Hits 7.80%, Highest On Record!)

by confoundedinterest17 Yes, it is the Ides of March. No, not Nikki Haley trying to sabotage Donald Trump’s campaign after Nikki got clobbered in all but two state primaries. So in a sour grapes move, Haley didn’t endorse Trump. But the Ides of March refers to the stabbing of Julius Caesar (led by Brutus). Once …

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March Worries for Banks: High Interest Rates and Real Estate Debt Pile on Pressure

March is bringing more than just the promise of spring; it’s also delivering a dose of economic tension as regional banks find themselves in a pressure cooker. High-interest rates coupled with challenges in the commercial real estate market have set the stage for a financial storm, and the expiration of a short-term federal loan program …

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Ukraine cancels 2024 Presidential elections scheduled for March 31.

President Volodymyr Zelensky, the leader of the war-torn country, just received approval from his parliament to extend Martial Law another 90 days. There have been many parliamentary extensions of the wartime mandate, but this one carried special significance because the 2024 presidential elections in Ukraine were scheduled for March 31, 2024, coinciding with the end of …

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That’s Bidenomics! US Leading Indicators Decline For 22nd Straight Month, Back To March 2006 Levels

by confoundedinterest17 That’s Bidenomics for you! The Conference Board’s Leading Economic Indicators (LEI) continued its decline in January, dropping 0.4% MoM (notably worse than the -0.1% MoM expectations), and December’s 0.1% declin e was revised down to a 0.2% decline. The biggest positive contributor to the leading index was stock prices (again) at +0.10 The biggest negative contributor was …

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Massive Aggressive Layoffs Coming In March

Aggressive Layoffs Coming By March, Economy On Last Legs | Danielle DiMartino Booth with The David Lin Report Companies could be expected to ramp up layoffs come March, according to research by Danielle DiMartino Booth, CEO of QI Research. https://www.youtube.com/watch?v=ovXaIFPy-ks

BEARISH SIGNAL – Google trends searches for “Laid off” are reaching levels we have only seen since March 2020 and the 2008 recession.

by PreviousComment1 Those 300,000 new jobs created that you heard about on the news last month? They’re all from people taking part-time jobs. We’ve lost 1.3 MILLION full time jobs since November 2023. Remember that when they try to gaslight you that the economy is doing great. The household survey, of WORKERS, shows full time employment …

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Washington DC federal court no longer lists USA v. Donald Trump criminal trial on calendar for March 4, 2024.

Amid the wait for an appeals court ruling on Trump’s claim of “Presidential immunity” and other potential delays…. the Washington D.C. federal court no longer lists USA v. Donald Trump criminal trial on its calendar for March 4, 2024 Amid the wait for an appeals court ruling on Trump's claim of "Presidential immunity" and other …

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