Chart crime of the month?

Isn’t it amazing that RMB has overtaken USD in trade finance? Chart crime of the month? 🙂 pic.twitter.com/mXTDIxyR7Y — Michael A. Arouet (@MichaelAArouet) May 8, 2024

104,073 job cuts this month

April > Jsmuary = NOT SEASONALLY NORMAL https://t.co/4hnbj3Qu3b — Danielle DiMartino Booth (@DiMartinoBooth) April 25, 2024 Consensus is changing.. "At the end of the day, the interest-rate structure had to go higher for longer, and in turn, eventually, you did have a recession, and that's how you eventually crushed the …

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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 …

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NYC begins handing out debit cards to Illegals, $1,400 per month; Chicago reveals costs of sheltering illegal aliens; The Inn – $344,000 weekly (1.5k beds).

New York City will move forward with a plan to give migrant families debit cards loaded with cash to buy food and baby supplies. NBC keeps asking Chicago how much they are spending to shelter illegal aliens. Chicago provided the numbers for 9 of the 27 shelters in the city: …

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ISM Manufacturing Contracts 16th Month, Much Weaker Than Expected

via Mike Shedlock Economists expected ISM manufacturing to improve to a nearly flat 49.5. Instead the index fell to 47.8 from 49.1. ISM chart and excerpts below by permission from the Institute for Supply Management® ISM® Please consider the February 2024 Manufacturing ISM® Report On Business® emphasis mine. The U.S. manufacturing sector contracted …

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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 …

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Dude lives in laundromat for $1,900 per month.

When Sampson Dahl, 28, found a former laundromat in Maspeth, Queens on an online forum back in 2019, he had no idea how much the space would become his life. Early last year, CNBC Make It met Dahl after his former laundromat-turned-apartment went viral on TikTok. At the time, he …

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What Do You Call It When The Number Of Layoffs In The U.S. Goes Up By 136 Percent In Just One Month?

by Michael Wow, our economic problems really are starting to accelerate at a shocking pace.  I know that I have been writing about layoffs a lot lately, but what is happening to the employment market right now is definitely big news.   Day after day, more large companies are announcing mass layoffs.  …

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The insurance on my 2012 Mazda went up 72% to $233 a month!’ Americans are battling soaring car and home premiums – which insurers blame on storms, wildfires and inflation…

They say ‘What happens in Vegas stays in Vegas’ – but the eye-watering auto insurance bill city resident Simon Edwards recently received is just one example of the staggering rises in premiums consumers are facing all across the US. The 2012 Mazda 5 owner was shocked to find his monthly …

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Government Power! Core Producer Prices Up 17% Under Biden But 3rd Straight Month Of ‘Deflation’ (Consumer Purchasing Power Down 15% Under Biden)

by confoundedinterest17 Government power is causing inflation and middle class economic repression. For example, US credit card debt is at an all-time high as consumers attempt to cope with inflation under Biden. While inflation RATE is finally cooling off, the LEVEL of inflation remains high. Purchasing power for consumers is …

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White House in Disarray: Biden Unaware of Defense Chief’s Health for a Month… Leadership Questions Loom.

by Ed Driscoll WHO IS IN CHARGE AT THE WHITE HOUSE? Biden in dark over defense chief’s cancer for month. President Joe Biden was kept in the dark over his defense secretary’s cancer diagnosis and subsequent hospitalizations for about a month, the White House admitted Tuesday, as details of Lloyd Austin’s deeply unusual …

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The Fed Killed Inflation? US Home Prices Surged For 9th Straight Month In October (+4.8% YoY), Led By Miami And Detroit(?)

by confoundedinterest17 So much for “The Fed killed inflation” narrative. Inflation is still alive and well in housing prices. Particularly in cities like Miami and Detroit? Maybe the Lions winning their division for the first time in 30 years helped! The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, …

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