A hub for independent voices and signals
JUST IN CASE YOU WERE WORRIED ABOUT HUNTER, LOOKS LIKE HE IS DOING FINE. Four California homes in four years – Hunter Biden is on the move again. The beleaguered First Son and his wife Melissa Cohen have moved into …
by Dismal-Jellyfish https://www.newyorkfed.org/medialibrary/media/Survey/business_leaders/2023/2023_08blsreport.pdf Wages and Prices expected to continue rising over the next 6 months. TLDRS: New York Federal Reserve Bank’s August 2023 Business Leaders Survey shows the region’s (New York, southern New Jersey, and southwestern Connecticut) service sector activity …
The only question on the table is can "stocks" rally without the Tech sector. The answer is they didn't last time. Here we see the Dow peaked about a month after Tech stocks in 2021. And next week is a …
Rents in Manhattan hit a new high in July, as higher interest rates and low supply continued to drive up prices. The average monthly rent in July was $5,588, up 9% over last year and marking a new record. Median …
Bidenomics: Small Business Outlook Remains Dismal For 19th Straight Month The Biden White House has been struggling to get the American public to buy into its positive spin on the economy, which it has dubbed Bidenomics. On Tuesday, a survey …
Moody’s waits for a four month short covering rally to end and then downgrades bank stocks.https://t.co/8o2SYHn0u5 Third wave down confirmed. pic.twitter.com/U24Azjooza — Mac10 (@SuburbanDrone) August 8, 2023 .. worst day since May 4th $KRE @CNBC pic.twitter.com/m6hKEXyKoo — Carl Quintanilla (@carlquintanilla) …
by confoundedinterest17 “One of the most cowardly things ordinarily people do, Is to shut their eyes to facts.” – C.S. Lewis Okay, we know Biden lies constantly and misrepresents facts (hey, he is a politician like Adam Schiff (D-CA). But …
via Mike Shedlock For July, the BLS reports 187,000 jobs vs the Bloomberg Econoday consensus estimate of 200,000. ADP reported gain of 324,000. Last month, ADP reported a stunning jobs gain of 497,000 vs a BLS report of 149,000 private …
by Dismal-Jellyfish Source: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/july-filings-propel-2023-us-corporate-bankruptcy-tally-past-2022-s-total-76838356 US corporate bankruptcies rose again in July as high interest rates and a challenging operating environment continue to push US companies over the brink. S&P Global Market Intelligence recorded 64 corporate bankruptcy filings in July, the …
Just in from NASA satellites: – July 2023 was NOT the warmest month on the satellite record… an honor still held by February 2016. – July 2023 was about as warm as April 1998. Not that average global temp is …
Zillow has gone full-blown housing bull. Zillow expects U.S. home prices to rise 6.3% between June 2023 and June 2024. Among the 200 largest housing markets, Zillow thinks 48 markets will see a jump of 7.0% or greater pic.twitter.com/ibsa0ivR3V — …
by Dismal-Jellyfish https://www.bea.gov/news/2023/personal-income-and-outlays-june-2023 Wut mean?: In June, people earned $69.5 billion more, which is a 0.3% monthly rise–more money earned more money to spend, adding to inflation… Prices of things people bought (PCE price index) went up slightly by 0.2%. Even …
Richmond Fed manufacturing index showed the sector contracting in the district for the 10th month out of the last 12. This data looks more stagflationary then a substantial recession, still. Actual -9, previous -8 pic.twitter.com/D82XqiDoRm — Don Johnson (@DonMiami3) July …
by confoundedinterest17 Its not always sunny in Philadelphia, particularly when The Philly Fed (Phed?) business outlook is down in July again for the 11th straight month at -13.5. Let’s see how long The Fed (aka, Green Man) keeps removing monetary stimulus. …
by confoundedinterest17 Wasting away again with Bidenomics. US existing home sales crashed by -19% in June, the 23rd consecutive month of declines. At least the median price of existing home sales is decreasing as Fed stimultypto vanishes. Just like inventory …
Microsoft shares rose as much as 5.8% Tuesday after the company announced a new artificial intelligence subscription service for Microsoft 365. The company will charge users an additional $30 per month for the use of generative AI with tools such …
Here's the US deficit by month for both FY 2022 and FY 2023 YTD. In March, when the regional banking crisis began, the US added a whopping $378 billion to the deficit. September 2022 added $430 billion. Follow us @KobeissiLetter …
Ukraine is losing 10,000 drones a month! Russia is using 60,000 artillery shells a day! That’s over 2 million shells a year! h/t Mathetes 2.0
by confoundedinterest17 Livin’ la vida Biden! The Biden Administration has got a line on you! Unfortunately that line is choking America’s middle class and low wages workers with inflation and rising interest rates. Auto loan rates are now up to 7.65%, …
The average 30 year mortgage rate just hit 7.22% That rate was about 5% a year ago Yet the median sale price has only slightly decreased This housing market is strong pic.twitter.com/jlJvl4DAKZ — Genevieve Roch-Decter, CFA (@GRDecter) July 6, 2023 …
If you think #gold & #silver are slow at the moment,consider this $XAUTRY chart. Gold rose 21x vs Turkish Lira last 10 years.20% THIS month alone. It will happen to your currency.Have to play this commodities bull right, your future …
by Chris Black There was never any stated plan to reinforce the German economy. It’s in a death spiral as a result of the sanctions on Russia. Reuters: German business morale worsened for the second c… Continue reading by subscribing. …
by confoundedinterest17 Dallas after (economic) midnight! Particularly after 5 consecutive months of negative readings. For the fifth straight month, the Dallas Fed’s Texas Manufacturing Outlook survey disappointed expectations, printing -23.2 vs -21.8 exp) and is negative for a fifth straight month. …
by confoundedinterest17 It is truly a Fed Inferno! Money supply growth fell again in April from Jerome Powell And The Fed, plummeting further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. April’s drop …
Where do they get this kind of money from? The pharma industry must be making a killing promoting this. Thanks for keeping on paying your taxes. via latimes: The city of San Francisco this week launched a guaranteed income program …
by TonyLiberty It is no surprise that student loan debt in the United States has reached such a high level. With the cost of college tuition continuing to rise, more and more students are taking out loans to pay for …
Yet the bulls in the daily thread still think everyone is bearish There has never been a bigger disconnect between stock market and real world. https://www.yahoo.com/news/rising-rents-diminishing-aid-fueling-042214895.html h/t Witty_Information923
Starbucks Is Banning Pride Decorations, Workers Union Alleges Starbucks has banned Pride decorations in stores halfway through Pride Month, the company’s workers union claimed Tuesday. If true, it would be a stunning cave to far-right anti-LGBTQ fury—but the coffee chain …
More Suspected Terrorists Found Illegally Crossing Southern Border In April Than In Four Trump Years Combined Border Patrol agents caught 16 people on the FBI’s terror watch list trying to illegally cross the U.S. southwest land border between entry ports …
You will own nothing and be happy: ‘A universal basic income of £1,600 a month is to be trialled in England for the first time in a pilot programme. Under the pilot programme, 30 people in two areas will be …