Independent thinking for complex markets and current events
Congress Scrambles To Avoid Friday Government Shutdown Again! Congress has until Friday to avert yet another government shutdown with a game of kick-the-can (via Continuing Resolution, or CR), and a bipartisan funding deal is nowhere in sight. Here’s where things stand; though no one expects the lights to actually go out in Washington, this week …
If you needed any further proof of how banks are “fabricating deposits” via playing ping pong with cash between each other to hide their liquidity hemorrhage here you have it 👇🏻 No you aren’t having hallucinations: US banks alone lost ~1 trillion $USD in the past 9 months If you needed any further proof of …
Déjà vu 2008 pic.twitter.com/V6ZMYE5wKF — C invest (@mikael_aune) December 9, 2024 Government jobs keep making NFP look (a bit) stronger than it is. One might say, who cares whether the government or private sector created jobs? A job is a job. However, government jobs mostly don't add new value like private-sector jobs and over the …
by confoundedinterest17 The Biden/Harris economy is a disaster. After last month’s catastrophic JOLTS report, which was a disaster across the board, and which was meant to give the Fed a green light to cut rates more after Biden won the election (which he didn’t, but the Fed still had to cut even if Trump is …
If real ID is required to fly, then I refuse to go to any of these Blue states until they require ID to vote. pic.twitter.com/8Rjv3RhgwL — synergytruth (@synergytrusa) November 30, 2024
Cattle lured in. My BS-indicator has moved into RED 😉 The amount of wise guys calling for Bull Market to continue for 12 months or SP500 to continue to 7000 or higher is spiking! Top is closing in! Not here yet – but soon😉 This is SO MUCH 2022 – just opposite end of the …
MicroStrategy has acquired 55,500 BTC for ~$5.4 billion at ~$97,862 per #bitcoin and has achieved BTC Yield of 35.2% QTD and 59.3% YTD. It's now been four weeks since $MSTR announced its three-year plan to spend $42 billion buying #Bitcoin. MSTR has already spent $10 billion. At this rate, the three-year plan will be completed …
Sweden tells citizens to prepare for WAR: Five million households get pamphlets on how to get their home ready for nuclear armageddon… as Biden is accused of trying to start World War Three. Sweden is sending out five million pamphlets to residents urging them to prepare for the possibility of war, with instructions on how to …
2008 was nothing. Only some people who were in bad mortgages. This is a whole new thing and much worse. S&P500 Best to buckle up .🚨 Next few months are going to be wild. Don't be alarmed; it get's much worse. pic.twitter.com/lK4iZytrJn — The Great Martis (@great_martis) November 1, 2024 https://twitter.com/MrMikeInvesting/status/1852568047573221610 🚨 BREAKING NEWS 🚨 …
https://x.com/TruNorthAdvice/status/1852330810516406334
Job cuts accelerate in October with strikes, mass furloughs, layoffs, & small business closures at elevated levels. Over 109,000 cuts per our preliminary figure. Final figure available on Sunday, as always. #MacroEdge #DrivenbyData pic.twitter.com/9cPnR1qDr9 — MacroEdge (@MacroEdgeRes) October 31, 2024 *US BLS: OCT. TRANSPORT EQUIP. JOBS FALL 44K, REFLECTING STRIKE *US BLS:HURRICANES LIKELY AFFECTED OCT. …
Boeing has reported a staggering net loss of $8 billion for the first nine months of 2024, largely driven by escalating operating costs linked to ongoing strikes and necessary safety changes. The International Association of Machinists and Aerospace Workers (IAM) initiated a strike on September 13, 2024, which significantly disrupted Boeing’s operations and production timelines. …
Tommy Robinson has been jailed for 18 months after admitting contempt of court by repeating false allegations against a Syrian refugee, in breach of an injunction. The political activist, whose real name is Stephen Yaxley-Lennon, admitted ten breaches of a High Court order made in 2021 at the start of a hearing at Woolwich Crown …
by confoundedinterest17 SF Woman. That is my name for Kamala Harris, the ultimate political changeling, taking full credit for the economy, then trying to distance herself from Biden. As the US economy continues to contract. The Conference Board Leading Economic Index® (LEI) for the US declined by 0.5% in September 2024 to 99.7 (2016=100), following a 0.3% …
Notice the set-up. One of these two central banks' balance sheets is growing…and it isn't the Fed. The People's Bank of China has increased its balance sheet by $560 billion in four months. That is a 9.4% jump. Feel free to ignore it. pic.twitter.com/3toz8nvh8Z — Jeff Weniger (@JeffWeniger) October 19, 2024
“While September CPI inflation is at 2.4%, inflation is much higher in many basic necessities: 1. Car Insurance Inflation: 16.3% 2. Transportation Inflation: 8.5% 3. Homeowner Inflation: 4.9% 4. Car Repair Inflation: 4.9% 5. Rent Inflation: 4.8% 6. Hospital Services Inflation: 4.5% 7. Food Away From Home Inflation: 3.9% 8. Electricity Inflation: 3.7% Core CPI …
“Is the market volatility set to surge in the coming months? Over the last 30 years, US yield curves have been a leading indicator for the volatility index, $VIX, with roughly a 36-month lag. The periods of flattening and inverted yield curves have been associated with suppressed volatility. On the other hand, once yield curves …
Elon Musk is planning to attend ex-President Donald Trump’s Butler, Pa. rally over the weekend, the billionaire Tesla CEO announced late Thursday. “I will be there to support!” Musk wrote in a retweet of Trump’s promotion for the rally on Saturday. The Republican presidential nominee shared the infamous photo of himself raising a first in …
SHOCK: FBI Whistleblower Urges Americans to Vote, Arm Themselves, Stock up 3-4 Months Supply of Food and Water, and Pray. pic.twitter.com/ckX3rN0BZw — @amuse (@amuse) September 26, 2024 Holy shlit. Democrat delegate to the US House of Representatives accidentally says the quiet part out loud. She admits the DOJ and FBI are weaponized to go after …
by Stargazer5781 Since the 10 – 2-year yield curve recently normalized I was curious if the same were true of the near-term forward spread (10-year – 3-month), which the Federal Reserve previously announced as the most accurate predictor of recession available. It is still inverted as I write this, but what I found more interesting …
This is why I start working in July pic.twitter.com/ystKrwMX7M — Discern 𝕏 (@Discernability) September 18, 2024
by confoundedinterest17 If this isn’t election interference, I don’t know what is. The Fed today slashed interest rates by the biggest amount in 16 YEARS, a whopping 50 basis points from 5.50% to 5.00%. With the economy roaring along (thanks to Covid-related massive Federal spending), there was no good reason to slash rates. Other than …
D.C.’s signature program for first-time home buyers has run out of money this budget cycle after just three months, disrupting home searches for eligible residents for the second time since June. The District’s Home Purchase Assistance Program (HPAP), intended to lift people with very low to moderate incomes into homeownership with significant loan assistance, has …
Nonfarm payrolls expanded by 142,000 during August, down from 89,000 in July and below the 161,000 consensus forecast. The unemployment rate ticked down to 4.2%, as expected. However, the “real” unemployment rate edged up to 7.9%, its highest reading since October 2021. The previous two months saw substantial downward revisions. The BLS cut July’s total …
by Mike Shedlock ADP data shows small businesses with 1-49 workers have been reducing workers for four months. Those with 20-49 workers have shed workers for 7 straight months. The ADP Employment Report shows the economy added 99,000 jobs in August. That is a considerable slowdown. Importantly, a breakdown of jobs by firm size shows small businesses …
A bipartisan group of senators is demanding immediate action from USDA Secretary Thomas Vilsack after several tribal nations reported that a federal food distribution program they rely on has not fulfilled orders for months, and in some cases has delivered expired food. Last spring, the USDA consolidated from two contractors to one for deliveries of …
Plans for a $400 million solar cell facility in Colorado have been scrapped just two months after Secretary of State Anthony Blinken highlighted the project as an example of world-leading foreign investment. The Intel semiconductor plant in Colorado Springs was slated to be converted into a solar cell facility by the Swiss solar panel manufacturer …
