Independent thinking for complex markets and current events
*US TO CUT TARIFFS ON CHINESE GOODS TO 30% FROM 145% FOR 90 DAYS *CHINA TO LOWER TARIFFS ON US GOODS TO 10% FROM 125% FOR 90 DAYS China going to 10% is where I expect both sides to be at by the end of these talks. The US needed to save face and stay …
Appreciate the critical comments. More context was needed for this post. • This policy was proposed to a 35 yr old• Pitched as the best wealth tool• Told they could borrow whenever Not all insurance is bad. This was not remotely suitable. — Ryan Greiser, CFP® (@Greiser) May 11, 2025
by Michael When you don’t have enough money to pay the bills, it can make for a lot of sleepless nights. If you are in that position right now, I want you to know that you are definitely not alone. I have heard from so many people that are being absolutely crushed by our ongoing …
An 80% levy would be a significant reduction from the 145% tariff currently facing many Chinese goods. However, that number could still be seen as prohibitive to trade. It is unclear if Trump wants the 80% rate to be the long-term tariff for China, or whether it should be viewed as a step in negotiations. …
pic.twitter.com/NUzf0I3VGX — Darth Powell (@VladTheInflator) May 3, 2025 Florida housing market always the canary in the coal mine https://t.co/G5gtaf0CbQ pic.twitter.com/MxB4PFuxpl — Darth Powell (@VladTheInflator) May 4, 2025
Electricity in Spain is up 450% . Spaniards had to live with the consequences of a 12h blackout. And now, we have to pay for it. This is ridiculous. — Ada Lluch (@AdaLluch) May 1, 2025 After the blackout in Spain that lasted throughout Monday and a big part of Tuesday morning in some areas, …
S&P 500 earnings are expected to grow 11% this quarter and another 26% next year. We better hope there’s no recession, because if there is, a sharp downgrade in earnings estimates could be a real drag on the market, in my view. pic.twitter.com/gDXHwh4KDC — Otavio (Tavi) Costa (@TaviCosta) April 28, 2025 Goldman Sachs is now projecting …
https://x.com/MarioNawfal/status/1916978229815939483 April 28 (Reuters) – Levi Strauss (LEVI.N), opens new tab shareholders voted against a proposal for the company to end its diversity, equity and inclusion (DEI) efforts, it disclosed in a filing on Monday. https://www.reuters.com/sustainability/society-equity/levi-strauss-shareholders-vote-against-proposal-end-diversity-programs-2025-04-28/
TRUMP MAY CUT CHINA TARIFFS TO EASE TENSIONS The Trump administration is weighing major tariff cuts on Chinese imports—possibly by over 50%—to reduce trade tensions, sources say. No final decision has been made, and options remain open. One idea is a tiered system: 🔸 35% tariffs on non-strategic items 🔸 100%+ tariffs on goods tied …
by Mike Shedlock Trump does not seem concerned about services. He should be. International Tourists Pull Back on U.S. Travel and Purchases NBC News reports International Tourists Pull Back on U.S. Travel and Purchases The combination of President Donald Trump’s trade policies and hostile rhetoric toward much of the rest of the world is creating a …
by Michael Americans watch more television than anyone else in the world, and as we watch television we are constantly being bombarded by commercials from pharmaceutical companies. As I discussed in a previous article, pharmaceutical companies spend more than 15 billion dollars on television advertising each year. The reason they do this is because it works. We …
Powell isn't wrong: If you think hiring is stable, think again – There is a 32% INCREASE in mid-term unemployment and that was just in Feb. It's taking longer and longer to get a job. More people are inching toward long-term unemployment, and the market isn’t absorbing them… https://t.co/VKIuWJAtag pic.twitter.com/hmN1UbZyzt — Amanda Goodall (@thejobchick) April …
BREAKING: China says it is aware that certain goods are facing a 245% US tariff and they will ignore the "numbers game." China repeats it will "fight until the end" in the tariff war. https://t.co/dPO65I0YEA — The Kobeissi Letter (@KobeissiLetter) April 16, 2025
US stocks turned higher on Friday to cap a chaotic week on Wall Street, as investors weighed the latest tariff-related developments in the trade war between the US and China. The S&P 500 (^GSPC) rose 1.8% after seesawing earlier in the session. The tech-heavy Nasdaq Composite (^IXIC) climbed 2.1%. The Dow Jones Industrial Average (^DJI) …
"Xi can only stay the Supreme Leader if people are employed." "America is the #1 economy on earth with all the cards. We will not have that forever. It's time to squeeze Chinese heads into the wall." Kevin O'Leary calls for 400% tariffs on China. pic.twitter.com/8bDrttjsBw — Thomas Hern (@ThomasMHern) April 9, 2025 China vs …
*TRUMP: RAISING THE TARIFFS ON CHINA TO 125 PERCENT — zerohedge (@zerohedge) April 9, 2025 BREAKING: Trump is raising tariffs on China to 125%, but pausing tariffs on reciprocal and 10% tariffs on other countries for 90 days. This is AMAZING news. — Ian Miles Cheong (@ianmiles) April 9, 2025
by Michael I am trying to find the words to describe the economic carnage that we are witnessing right now. Even before President Trump unveiled his new tariffs, the U.S. economy was rapidly heading in the wrong direction, layoffs were soaring, and stock prices were steadily falling. But now it is as if enormous amounts of gasoline have been …
The stock market was pounded for a second day Friday after China retaliated with new tariffs on U.S. goods, sparking fears President Donald Trump has ignited a global trade war that will lead to a recession. Here’s a tally of the stock market damage: The Dow Jones Industrial Average dropped 2,231.07 points, or 5.5%, to 38,314.86 on Friday, the …
by Michael I am trying to find the words to describe the economic carnage that we are witnessing right now. Even before President Trump unveiled his new tariffs, the U.S. economy was rapidly heading in the wrong direction, layoffs were soaring, and stock prices were steadily falling. But now it is as if enormous amounts of gasoline have …
AT WHAT COST Millions of shoppers forced to pay new fee on groceries and goods under April 1 law and they’re not happy about reason Two cities in Southern California now have the highest sales tax in the country after the law went into effect The increase also means that two cities in northern Los …
Shares of conservative news channel Newsmax plunged more than 70% on Wednesday as its meteoric rise as a new public company proved to be short-lived. The stock tumbled a whopping 77.5%, following a 2,230% surge in Newsmax’s first two days of trading after debuting on the New York Stock Exchange. At one point, the rally …
Latest estimate: -3.7 percent — April 01, 2025 The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -3.7 percent on April 1, down from -2.8 percent on March 28. The alternative model forecast, which adjusts for imports and exports of gold as described here, is …
Used vehicles sold in the United States rose 16 percent from January to February “…this year’s 16% increase is the largest jump seen in recent years.” -Scott Vanner, Economic Analyst “A total of 1.57 million used vehicles were sold at retail—from both franchised and independent dealers—during February, up 6 percent year-over-year. February sales up 6% …
by confoundedinterest17 The US economy is gradually recovering from Bidenomics (government/donor dictated spending). Mortgage applications increased 11.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 7, 2025. The Market Composite Index, a measure of mortgage loan application volume, increased 11.2 …
It’s alarming to see New York’s judicial system coddling violent criminals at the public’s expense. Violent offenders, some with shocking records, are released without a second thought, often before their trials even begin. In a city struggling with rising crime, these judges are failing us miserably. Woke NYC judges are cutting ‘dangerous’ perps loose at …
Nvidia shares fell nearly 9% on Monday after President Donald Trump confirmed that tariffs from Canada and Mexico will go into effect on Tuesday. The company’s shares are now trading at the same price they were in September, before the U.S. presidential election. Nvidia, having shed its $3 trillion market cap, is worth $2.79 trillion …
by Mike Shedlock As borrowers struggle to keep up with car payments, auto lenders offer payment extensions to keep those loans from going bad. Car Dealership Guy reports Auto Lenders Increasingly Turn to Payment Extensions. Payment Extension Trap 60+ day auto loan delinquencies in the subprime cohort (less credit-worthy borrowers) hit 6.56% in December 2024—the highest …
by Mike Shedlock The share of spending by the top 10 percent keeps rising. Economy Increasingly Dependent on the Wealthy The Wall Street Journal reports The U.S. Economy Depends More Than Ever on Rich People Many Americans are pinching pennies, exhausted by high prices and stubborn inflation. The well-off are spending with abandon. The top 10% …
by Mike Shedlock A Modern Monetary Theory “Superbonus” trial is underway in Italy. The state pays 110 percent of home renovations. In an effort to stimulate the economy during Covid, MMT proponent and then Prime Minister Giuseppe Conte came up with a not so brilliant idea that is now so popular no politician has been …
by Mike Shedlock Normal trade math does not add up. US imports and China exports are not in sync. China’s Bermuda Triangle UBS comments on China’s Bermuda Triangle (Download) When looking at Sino-US trade, the value of China’s exports to the US should be less than the value of US imports from China. This is …