Independent thinking for complex markets and current events
WASHINGTON — A federal judge on Thursday ordered former Trump adviser Steve Bannon to report to prison on July 1 to begin a four-month prison sentence for defying subpoenas from the Jan. 6 Committee after a higher court rejected his appeal. Bannon was found guilty on two counts of contempt of Congress in July 2022 …
The strength of this monthly candle is really Bullish. If we have no manipulation I see no reason that $40 should be a problem. In Trader terms this is what we call a Blue Sky Breakout! Rare or unchartered territory! h/t lifeofleisure2068
McDonald’s $5 value meal will run for roughly a month, beginning on June 25. The offering will include four items — a McChicken or McDouble, four piece chicken nuggets, fries and a drink. The monthlong promotion comes at a time when restaurants are finally beginning to feel a long-anticipated consumer pullback. McDonald’s is set to …
via Mike Shedlock Rents were not falling as reported recently by Apartment List. Nor are Apt List estimates correct now. Let’s discuss what’s really happening and why Truflation is wrong as well. Data courtesy of Apartment List, chart by Mish Please consider the Apartment List National Rent Report for May (April Data). Welcome to the May 2024 …
FL home owners insurance is $1000/mo on average LOL pic.twitter.com/qKyh2EzQUY — Darth Powell (@VladTheInflator) May 11, 2024 10 most expensive states for home insurance A couple of coastal states that face hurricanes and flooding damage have the highest home insurance costs, but others that are impacted by wildfires and tornadoes are also among the top 10 for …
Biden Unveils Latest $400M Package For Ukraine, But US Artillery Shells Already Depleted The Biden administration on Friday announced its third tranche of new aid for Ukraine since President Biden signed into effect Congress’ $95 billion foreign aid package, which includes $60 billion total funding for Ukraine. This newest authorized package is for $400 million …
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
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 excesses and inflation," she said. …
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 …
via Mike Shedlock Let’s investigate US treasury debt issuance by month and year. Data courtesy of SIFMA, chart by Mish Chart Notes Bills: Treasury bills are short term debt ranging from four weeks to 52 weeks. Bills are sold at a discount or at par (face value). When the bill matures, you are paid its …
Write up and emailable formathttps://t.co/24fSqKlyyG — aussie17 (@_aussie17) April 1, 2024
Starbucks terminates Christian employee Taylor Trice for objecting to pronoun policy during Pride Month. “I’m willing to call you by your name. I’m willing to avoid using the pronouns you don’t want me to use, but it’s against my faith to lie and say… someone is a woman if… pic.twitter.com/9m2MBe1CPW — AF Post (@AFpost) March …
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: 1. The Inn: $344,000 weekly …
Tesla CEO Elon Musk sent an email to employees on Monday informing them they have to show customers how to use “FSD” before completing a delivery in North America. “I know this will slow down the delivery process, but it is nonetheless a hard requirement,” Musk wrote in the email. Tesla is trying to avoid …
“LANSING, Mich – The Office of Global Michigan have rolled out it’s plan to pay Michigan residents $500 per month to house migrants. The website states, “The Newcomer Rental Subsidy program provides Refugees and other Newcomer population-eligible households with rental assistance up to $500 per month for up to 12 months, with eligibility based on …
An Ohio woman whose toddler died after she left her alone for more than a week while she went on vacation was sentenced to life in prison without parole Monday, the Cuyahoga County prosecutor said. Kristel Candelario, 32, pleaded guilty in February to aggravated murder and endangering children in connection with the death of her …
The cost of living in Geneva Our lease is open-ended, and any rent increases are linked to an index based on inflation. We haven’t experienced a rent hike in the past 15 years, primarily because there hasn’t been significant inflation here. When we first signed the lease, the security deposit was set at three months’ …
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 in February, as the Manufacturing …
Queens business owner housed EIGHTY SEVEN Senegalese migrants in basement and charged them $300-a-month each for shelter and three meals a day, netting him $313,000 in annual rent A Queens business owner housed 87 migrants in a basement, charging them a $300 monthly fee for shelter and food, and earning $313,000 in the process, according …
by Michael It seems odd to talk about 2021 as “the good old days”, but the truth is that the cost of living was far lower just three short years ago. Earlier today, I did an interview with Sam Rohrer of Stand In The Gap Today in which we discussed how food prices have gotten wildly out …
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 …
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 was paying $1,850 a month …
ERS-2 launched in 1995 to collect data on Earth’s land, oceans and polar caps It’s finally coming back to Earth – but experts can’t say exactly when or where It’s been floating above our planet for nearly 30 years. But a satellite launched by the European Space Agency (ESA) is finally set to crash back …
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. Why would all of these …
Hot tip: don’t have credit card debt h/t TonyLiberty
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 bill from Geico had rocketed …
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 down 15% under Vacation Joe. …
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 disappearance raised questions about leadership …
via Naturalnews: Company records have revealed that New York City is paying millions of dollars a month for meals that are meant to feed migrants. However, thousands of these meals are never eaten and thrown away, according to the internal company records reviewed by the New York Times (NYT). The meals are provided by DocGo, a medical services company …
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, covering all nine U.S. census …