Independent thinking for complex markets and current events
Homebuyer traffic has experienced a significant decline, nearly 40% since the beginning of 2023, reaching levels not seen since the 2020 lockdowns, the 2008 financial crisis, and the 1980s housing crash. What makes the situation intriguing is the recent surge in new home sales, rising by 12.3% in September, defying expectations of a decline, all …
by DesmondMilesDant Caption: Dow Jones : 1929 Caption: SPX : 2023
Probably nothing .. #gold pic.twitter.com/A4pVOmDAlx — Willem Middelkoop (@wmiddelkoop) October 21, 2023 h/t j_stars
During an argument related to pricing with two customers outside of the used car and repair shop, police said one of the customers started a physical fight. The other took out a gun and shot the employee twice. “He had an argument with customers over a vehicle transaction,” HPD Homicide Commander Christopher Hassig said. “Unfortunately, …
Chipotle Mexican Grill plans to raise menu prices for the fourth time in two years. Millennials and Gen-Zers will have a shitfit when they discover additional price hikes. “For the first time in over a year, we will be taking a modest price increase to offset inflation,” Chipotle Chief Corporate Affairs Officer Laurie Schalow wrote in …
by VPee In a surprising turn of events for tech giant Apple Inc., the company’s stock price is poised for a significant downturn in the final quarter of 2023. The just broke it’s 4 days winning streak and the volume is much lower than normal. Numerous indicators, including a decline in projected sales and worrisome economic …
Hamas and Hezbollah now reporting that Iran helped plan the Hamas terror attacks for weeks. Who opened the floodgates and supplied Iran to the tune of $100+ billion? Obama. Biden. Valerie Jarrett. The Iran Deal. This situation is far beyond just Israel and Palestine. pic.twitter.com/dTNv5ZavGp — Clandestine (@WarClandestine) October 8, 2023 The Hamas terrorists have …
The jump in various food commodity prices is not entirely due to inflation. However, rising food prices certainly are contributing to the ongoing issue. It truly is a unique time to be an investor/trader. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) October 5, 2023 https://t.co/sLpTGRJBZU — Win …
“According to Reuters, the US currently has just 17 days of supply left in the Strategic Petroleum Reserves (SPR). This is roughly half the historical average of ~33 days dating back to 1990. Meanwhile, oil prices are still almost 30% above the target price the US set to refill them. Tomorrow, an OPEC meeting kicks …
by IceIceBaby1233 Chart courtsey : Trading Economics BREAKING: Crude oil prices surge toward $94 and are now trading at their highest levels since August 2022. Oil prices are up 38% in just 3 months and the national average gas price is about to cross $4.00. Furthermore, oil prices are now 35% ABOVE where the US …
Surging over $92 a barrel today, oil continues to climb since late June to exceed a 30% price increase over 90 days. (click on “1D” above chart) https://www.investing.com/commodities/crude-oil With the extension of the Russia/Saudi production cut as of 09/05/2023 past 12/31/2023, this trend is likely to continue and exceed $100 a barrel before September’s end. …
The Fed can’t print oil, & Brandon has drained the Strategic Petroleum Reserve via theguardian: Oil prices are on track to reach $100 a barrel this month for the first time in 2023 after surging by almost 30% since June, after Russian and Saudi Arabian production cuts and rising demand from China. Brent crude, the …
by Dismal-Jellyfish https://www.bls.gov/news.release/pdf/ppi.pdf https://data.bls.gov/timeseries/WPSFD4&output_view=pct_1mth The Acceleration of Inflation in the Second Half Has Begun, “Disinflation” Honeymoon Terminated The Consumer Price Index (CPI) jumped by 0.63% in August from July, the biggest month-to-month increase since June 2022. Annualized, this amounts to a red-hot 7.8%. This jump comes despite the still ongoing ridiculous monthly adjustment to the health …
via CNBC: During the pandemic, shoppers splurged on higher-end new cars. Now, given the current high car costs and interest rates, drivers are shifting their focus to less expensive models. Finding one, however, might not be easy. More shoppers are opting for vehicles that fall in the $45,000-$50,000 range, the price point of mid-to-high-trim three-row …
by confoundedinterest17 I ain’t never been to Spain, but the US under Biden is like Spain in terms of default risk. Actually, I have to Spain numerous times and love visiting Barcelona. But the US debt fiasco under Biden and Congressional spending sprees has led to … US credit default swap being priced worse than Spain’s …
by MeowMeowTiger Chuck roast was $5/lb at my local walmart in 2019, $6.5 last year, and $7.5 now 🙁 A 50% increase in price. I eat at least five pounds of chuck roast per week (I don’t eat poultry and rarely eat pork), so it costs a lot of money to me. A local restaurant …
This proves undeniably that France is willfully and wickedly suppressing our economies. See, they buy our natural resources, gold, oil, natural gas, bauxite, manganese, diamond, you name it, with the CFA franc that they themselves are printing for 14 countries. So, it means that… — Sy Marcus Herve Traore (@marcus_herve) September 5, 2023
https://www.youtube.com/watch?v=-c7EKqC-Krg Target’s products are going to get more expensive this fall. The company’s CEO is warning about tougher conditions for shoppers and also raising the alarm about the state of the U.S. economy. The retailer is one of the biggest general merchandise companies in America, and its household goods, groceries, and clothing are about to …
by confoundedinterest17 You know Bidenomics isn’t working at all when the best I can say about it is … the current housing bubble isn’t as bad as the house price bubble of 2006. We are truly in Biden’s ShamWow economy! Yes, if I look at real home prices less real median earnings we can see that …
Is our honeymoon with the electric vehicle finally over? A study found that one in five early adopters of EV cars and trucks are returning to gas-powered vehicles. As a result, used EV prices are freefalling. Why are early EV adopters returning to ICEs? The Journal Nature published a study revealing that of the folks …
⚡️Erdogan said he had extensively discussed the grain deal with Putin, “it played a huge role in preventing a food crisis” pic.twitter.com/IiSRU0xOuz — War Monitor (@WarMonitors) September 4, 2023 Erdogan:Only 6% of ships loaded with grain were destined for African countries, so Russia has every right to be angry. pic.twitter.com/c3OgexD2N5 — Sprinter Press (@SprinterPress) September …
Ideally, mortgage rates need to come down to a sweet spot. This would involve a level where existing home sales jump, but demand doesn't heat up too much. We believe that ~5% mortgage rates are that sweet spot. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) August 31, …
by Chris Black Wait until Americans learn the “democracy” they have been spending all of their tax money on, the reason why our economy is in the shitter and everything is now 2-4X more expensive is actually a dictatorship. I’ve been telling people this all along. Zelensky says he told Lindsey Graham that he will …
“US ECONOMY EXPANDS 2.1% IN Q2, LESS THAN ADVANCE ESTIMATE”: This means that the U.S. economy’s Gross Domestic Product (GDP) grew at an annualized rate of 2.1% during the second quarter (Q2) of the year. However, this growth rate was lower than what was initially estimated in the advance estimate. Ok? “US 2Q CORE PCE …
via wikipedia: The candy bar protest, also known as the 5 cent chocolate war, the 5 cent war and the chocolate candy bar strike,[1] was a short-lived 1947 protest by Canadian children over the increase in price of chocolate bars from five to eight cents.[2][3] The strike began in Ladysmith, British Columbia, and spread across …
by confoundedinterest17 The US housing market is truly bizarro world! San Francisco and Seattle are down near 10% year-over-year (YoY) while Chicago and Cleveland lead in price gains. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported 0.0% annual change in June, up from a loss of …
Sales of previously owned homes dropped 2.2% in July from June to a seasonally adjusted, annualized rate of 4.07 million units, according to the National Association of Realtors. Sales were 16.6% lower compared with July of last year. Homes sold at the slowest July pace since 2010. This count is for closings, so contracts were …
