Independent thinking for complex markets and current events
A Super Bowl Ticket Costs Roughly 11.7% Of The Median Household Income teaser image “…the average price for a Super Bowl ticket on the secondary market is $9,024…”Purchasing a ticket for the Super Bowl in 2024 costs roughly 11.7% of the median household income, according to a new study by Finder. TicketIQ data used for …
It’s the house that aggregation built. Matt Drudge, the fedora-wearing conservative publisher who runs the popular link farm website Drudge Report, put his Miami residence on the market last October for $2,999,000. However, the asking price is now $2,499,500. The 6,695-square-foot home was built in 1976, and comes with five bedroom and five bathrooms, as …
A Las Vegas swingers house appearing to be models after the Playboy Mansion is having difficulty selling despite a $12 million cut in its price tag. The famous ‘Las Vegas Underground House’ on 3970 Spencer Street became available to purchase for a second time in February 2023 for $6 million. The underground house also comes …
The Yahoo Finance article sheds light on a concerning decline in consumer confidence, especially among American families earning under $100,000. While the inflation rate has ostensibly dropped to 3.4% in December 2023 from a peak of 7.2% in December 2021, the alleviation is not translating into relief for many households. The culprit? Skyrocketing interest rates. …
Arizona Senate candidate Kari Lake called on the state’s GOP chair Jeff DeWit to resign after a recording emerged of him trying to bribe Lake to stay out of politics for two years. In the recording, first reported by the Daily Mail, DeWit, 51, can be heard asking lake to name her price not to …
via Mike Shedlock: Hertz is dumping EVs but the decline in the price of used Teslas started long before that. $2 Billion in Subsidies, Only 2 EV Stations Opened On January 18, I commented $2 Billion in Subsidies, Only 2 EV Stations Opened, the Holdup is Social Justice In yet another example of Biden incompetence, the …
Do you want to be prepared for the future? Unfortunately, it looks like our wallets will be taking a hit in 2024. Get ready to say goodbye to your favorite affordable food items as we countdown the top 20 products that are predicted to have a major price increase due to inflation. From everyday essentials …
via Mike Shedlock: There’s a recurring claim that the price of rent will decline as soon as the near-record number of housing units under construction are completed. Let’s investigate the claim. Housing units completed from the Census Department, Rent of Primary Residence from the BLS, chart by Mish. The price of rent has gone up …
Actor and former US politician Arnold Schwarzenegger was detained by German customs officers at Munich Airport on Wednesday for failing to declare a valuable luxury watch. “He is sitting with us, that’s right,” a spokesman for the main customs office in Munich told dpa on Wednesday afternoon. Criminal tax proceedings had been initiated against Schwarzenegger, …
Microsoft (MSFT) on Monday announced that it is launching a paid version of its generative AI-powered Copilot platform for consumers. The option, called Copilot Pro, will cost $20 per month per user, and give users access to a number of additional capabilities including access to the latest AI models and improved AI image generation via …
Tesla Inc. reportedly has reduced prices on two models in China, where it faces stiff competition from rivals such as BYD Co. Ltd. and is grappling with a continued difficult economic backdrop. Shares of Tesla were falling more than 3% in premarket trading Friday. Investors were also grappling with news of a temporary shutdown of …
via Mike Shedlock: Economists and others have been predicting monthly increases in rent would stall or fall for two years. Year-over-year rates are down, but monthly increases are still big. Five measures of year-over-year rent increases, various sources described below, Chart by Mish Chart Notes NTR is the New Tenant Rent index from the Cleveland Fed. Lower …
😂 😭 meaning an entire board room sat down and was like “man we’re losing money. We gotta cut it to 150 or were toast.” “Ok… but double the bottle size trick the peasants we can” Shameful work — Benjamin Way (@BWay124) January 5, 2024
In case there is still any confusion: "Prices are unlikely to return to pre-Covid levels. It would probably take a historically painful recession to engineer that degree of deflation. In other words, past inflation is mostly water under the bridge for the Fed." – BofA — zerohedge (@zerohedge) December 26, 2023 The survey, which polled …
Chinese banks accelerate bad loan sales amid rising consumer defaults in the post-COVID economic recovery. Record issuance of non-performing loan-backed securities, up 40%. Real estate meltdown hits middle-class wealth, with 30% pay cuts, stock and property losses. Households reassess money priorities, facing the impact of a 5% decline in home prices wiping out trillions in …
View post on imgur.com We use the base F-150 XLT and the base Camry LE for two reasons: One, because both go back beyond 1990; and two, because both have been bestsellers in their categories, true mass-market vehicles. Other models, such as the Corvette or the Mustang, go back even further, but they have never …
Price dropped from $84,500 to 18,000 / metric ton in the last year. And the courts have just ruled that Ford was illegally forcing its dealers to sell E cars. People aren’t buying them, and nobody wants to sell them. h/t JustmeTX
by confoundedinterest17 Biden is hoping for one more term as President. And declining oil prices might help him get re-elected. But we have a battle brewing! The United Nations and World Economic Forum (and their proxies John Kerry, Greta Thunberg and Green Joe Biden) against …. everyone else. Despite Biden’s lame attempts (through climate envoy John …
Erdogan warns Israel of ‘very heavy price’ if Hamas members harmed on Turkish soil Turkey, December 4, 2023. (AP Photo/Francisco Seco) Turkish President Recep Tayyip Erdogan warned Israel on Wednesday that Israel would “pay a very heavy price” if it attempted to eliminate Hamas members in Turkey. Erdogan’s warning came several days after recordings were …
Biggest price drops since August Fun fact: Porsche Cayenne prices have dropped *over 10%* since August — more than any other Luxury vehicle. Note: "Price drop" refers to the actual transaction price, not a change or reduction in MSRP. pic.twitter.com/PYOT7TGwxb — Car Dealership Guy (@GuyDealership) December 4, 2023
https://twitter.com/AMoneyfest/status/1729481256889389358
by ChampionshipUsed9855 Another interesting point is that NVIDIA stock-based compensation equals 10% of its revenue. That is record high Pul/Call ratio on 2-year low:
Despite a decline in the value of the Japanese yen, the Producer Price Index (PPI) in Japan continues to indicate a deflationary trend. In other words, the prices that producers receive for their goods and services are still experiencing a decrease, despite the currency’s depreciation. This scenario can have implications for the overall economic conditions …
YouTube has become the latest platform to increase its prices, following in the footsteps of Netflix, Apple TV+ and Disney+. The price of the YouTube Premium family plan, which allows six accounts to use the same subscription, will increase by £2 from £17.99 to £19.99 in the UK. Meanwhile, in the US and Canada, costs …
The New York Times reveals a startling truth: while official inflation rates have fallen this year, the prices of most goods and services have not actually decreased, only the rate of increase has. This deception results from the U.S. government altering inflation calculation methods multiple times since the 1970s, aiming to present a lower official …
https://www.youtube.com/watch?v=aRUEJcosvC8 Phase two of the housing bubble burst is officially here. A major reversal has started as sellers continue to slash prices amid rising mortgage rates. A wave of price cuts is about to change everything in the market, especially with inventory levels increasing while demand is falling off a cliff. This is the turning …
via RT: The price offered by the British authorities for electricity generated by wind farms must be increased by up to 70%, according to the head of the country’s top power provider. Tom Glover, RWE’s UK Country Chair, has cautioned that without the hike, new wind parks will not be economically feasible. According to Glover, …
