prices

Enjoy the final weeks of elevated equity prices and narrow credit spreads, before a reversion to the mean. The cattle buying up here will be served during XMAS lunch.

Enjoy the final weeks of elevated equity prices and narrow credit spreads, before a reversion to the mean. Only a miracle can fix this chart. pic.twitter.com/bS0iiblkmg — Guilherme Tavares (@i3_invest) December 2, 2024 The Monday after Thanksgiving in 2021 was an up day. It was the last chance to get out. pic.twitter.com/pULj8PJcRf — Mac10 (@SuburbanDrone) …

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Egg Prices Jump Nearly 100 Percent Since October: USDA

Americans are spending nearly double on eggs compared to a few weeks ago, as bird flu cases continue to affect supplies, and frozen egg storage volumes remain lower than last year. The price of a dozen eggs has risen from $2.11 in early October to $4.16 at present, an increase of more than 97 percent …

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Pfizer and Flynn Pharma fined £69 million for charging excessive prices on epilepsy drugs

Pfizer and Flynn Pharma, manufacturers of phenytoin sodium capsules which are used to treat epilepsy, have been fined a combined total of £69 million by the Competitions Appeal Tribunal (CAT) for “charging excessive prices” between 2012 and 2016. Around 48,000 people with epilepsy in the UK depend on the drugs supplied by Flynn Pharma and …

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BlackRock, Vanguard, State Street sued for allegedly using market power to raise electricity prices.

🔥 BlackRock Inc., Vanguard Group Inc. and State Street Corp. were sued by a group of states led by Texas for allegedly breaking antitrust law by boosting electricity prices through their investments, in the highest-profile lawsuit yet against the beleaguered ESG industry. Texas… pic.twitter.com/SLo0snWnmx — Melissa Hallman (@dotconnectinga) November 27, 2024 BlackRock Inc., Vanguard Group …

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Housing market crisis: High prices, high mortgage rates, low affordability, and no demand.

Yes it’s literally this bad out there for housing. Next up, price drops. No one can afford to buy at these prices with mortgage rates this high. There’s no demand because there’s no affordability. If prices dropped, inventory would eventually start moving again. https://t.co/pyAglXFk0B — QE Infinity (@StealthQE4) November 27, 2024 Today’s new home sales …

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Case-Shiller Home Prices Rise 3.9% YoY In September (Only NYC And Cleveland Top 7% YoY)

by confoundedinterest17 Rolling into Cleveland to the lake. NEW YORK, NOVEMBER 26, 2024: S&P Dow Jones Indices (S&P DJI) today released the September 2024 results for the S&P CoreLogic Case-Shiller Indices. The leading measure of U.S. home prices recorded a 3.9% annual gain in September 2024, a slight deceleration from the previous annual gains in 2024. …

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Natural gas price surges echo past inflationary trends, often foreshadowing rising consumer costs; Lumber prices up 19.8% year-over-year.

#DEC With its resources the US will be OK. But I doubt Europe will be able to dodge this bullet again. Full blown depression there by end February 2025. — Wizard of Windsor (@WizardofWindsor) November 20, 2024 Lumber prices are now 19.8% higher than they were one year ago The framing lumber composite price increased …

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Bernanke admits: Fed’s tools manipulate asset prices, transferring wealth from the many to the few.

Lets not pretend this wasn't on purpose. Here's Federal Reserve Chairman Ben Bernanke: "the tools we have involve affecting financial asset prices, and that's, those are the tools of monetary policy." Literally purposeful manipulation stealing from the have-nots to give to the… https://t.co/Yr4oPWYWiL pic.twitter.com/ZFoGrj09ql — Darth Powell (@VladTheInflator) November 18, 2024 Its almost like they …

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Hungary’s Orbán says sanctions on Russia will ‘destroy’ EU economy due to high gas prices

BUDAPEST, Hungary (AP) — The European Union must abandon its policy of sanctioning Russia for its war in Ukraine or risk causing an economic collapse, Hungarian Prime Minister Viktor Orbán told state radio on Friday. The EU has imposed several rounds of sanctions against Moscow since Russian President Vladimir Putin launched the full-scale invasion of …

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Pennsylvania housing prices rose 440% in last 40 years

Pennsylvania home prices have spiked more than 440% over the past four decades, according to one analysis of Freddie Mac data. Why it matters: That sounds bad but we’re below the national average of nearly 500%. The big picture: Housing affordability was among the top issues for voters in this month’s election as costs have …

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Core Consumer Prices Rise For 53rd Straight Month, Hit New Record High (Shelter Index Increased 4.9 Percent YoY)

by confoundedinterest17   There is one way out of the inflation trap. And it’s drill, baby, drill! For the 53rd straight month, core consumer prices rose on a MoM basis in October with the YoY pace re-accelerating to +3.33%. The shelter index increased 4.9 percent over the last year, accounting for over 65 percent of the total 12-month increase …

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The Most Splendid Housing Bubbles in America, October Update: Prices Drop in 29 of 30 Big Metros, even San Diego & Los Angeles. Only New York City Ekes Out New High

19 are below their 2022 peaks: Austin -20%, San Francisco -10%, Phoenix -8%, San Antonio -7%, Denver -7%, Salt Lake City -6%, Sacramento -6%, Portland -5%, Dallas -5%, Seattle -5%, Honolulu -4%… The mix that drives the housing market now: Lowest demand since 1995 and surging supply of existing homes, as buyers are on strike …

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What do you mean we are not in a recession? Demand is down so we are raising prices to increase revenue.

What do you mean we are not in a recession?#recession #gold pic.twitter.com/EncoUunkIR — Patrick Karim (@badcharts1) October 30, 2024 USA 🇺🇸 private sector #jobs growth negative, and even worse job losses in #manufacturing! 📉 🥶https://t.co/XnsimiGO3e pic.twitter.com/aNTB5BUkvc — Invariant Perspective (@InvariantPersp1) November 1, 2024 #BLS #JobsReport Youth #unemployment 📈😬https://t.co/RwISk4Ukk4 — Invariant Perspective (@InvariantPersp1) November 1, 2024 …

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Record high fast food prices have made consumers increasingly reluctant to spend. Even fast food is becoming unaffordable.

McDonald's is becoming a luxury: Same-store sales at McDonald's, $MCD, dropped by -1.5% in Q3 2024, more than expectations of a -0.7% decline. Same-store sales growth is a metric comparing revenue for restaurants open for at least 13 months. Sales decreased for the 2nd… pic.twitter.com/qXJnt6scfo — The Kobeissi Letter (@KobeissiLetter) October 30, 2024 Unemployment payments …

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House Prices Still On Fire! Case-Shiller National Home Price Index Grows At 4.2% YoY

by confoundedinterest17 Biden/Harris started the fire! And the house market is still burning. S&P/Case-Shiller released the monthly Home Price Indices for August (“August” is a 3-month average of June, July and August closing prices). August closing prices include some contracts signed in April, so there is a significant lag to this data. Here is a graph of the …

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US government debt market collapse has begun, fueling bullishness in gold prices.

US government debt market collapse has started This has MASSIVE implications for the economy A thread 🧵 pic.twitter.com/sau5h9sPLr — Bravos Research (@bravosresearch) October 28, 2024 3/ Treasury bonds, typically 40% of an investor's portfolio, have led to big losses because of their sharp decline — Bravos Research (@bravosresearch) October 28, 2024 5/ Constantly rising government …

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Oil prices tumble as Iran fears ease, yen weakens after Japan polls

Oil prices tumbled Monday with markets relieved that Israel’s strikes on Iran had avoided the country’s energy infrastructure while the yen fell to a three-month low after Japan’s ruling party suffered an election drubbing. Israel carried out air strikes on military sites in Iran on Saturday in response to Tehran’s October 1 missile barrage, itself …

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Russia will create new BRICS Precious Metals Exchange to become ‘key regulator of prices’ – Finance Ministry

Russia has proposed that BRICS member countries create their own precious metals exchange in a move that could upend the long-established international pricing mechanisms for gold, silver, platinum, and other precious metals. The news comes on the heels of Wednesday’s declaration adopted by the leaders of the BRICS countries supporting an increase in the exchange …

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With grocery prices up 50-90% since COVID, why is minimum wage only 16% higher? It should be at least $25-30 to keep up!

Even though the CPI is not a true picture for grocery items. Most Americans have seen price of milk, cereals, vegetables, poultry and meat products double in last 4 years. Yet the wage increases depict a fairly accurate picture above. So isn’t it fair to increase minimum wage to match the true inflation to atleast …

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Silver prices surge past $33.6, exposing banks to massive losses from reckless shorts.

Silver Prices Surge: Banks Face Billion-Dollar Losses TLDR: Silver prices surged over 6%, surpassing $33.6 per ounce. Five major U.S. banks face billions in potential losses from heavy short positions. Open interest in silver futures reached 141,580 contracts, nearly one year’s production. Short positions now estimated underwater by $1.3 billion. Critics argue short selling distorts …

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Home-Purchase Demand Destruction Accelerates, Prices Too High, Buyers’ Strike Deepens: Sales of Existing Homes Head for Worst Year since 1995

The extent to which demand for existing homes has collapsed and remains collapsed is astounding, but ultimately not surprising: Demand plunged in 2022 when mortgage rates soared, and plunged a lot further in 2023 as mortgage rates continued to rise to almost 8% by October 2023. But then as mortgage rates dropped starting in November, …

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They Say Grocery PRICES ARE CHEAPER THAN 2019…

According to a recent study from market watch, they are saying that grocery prices relative to income today in 2024 are now cheaper than they were in 2019. I would say that is true for almost no one, except for people that have seen their incomes increased substantially over the last five years. Everybody else …

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China’s home prices fall the most on record! Chinese stocks tumble into correction

🇨🇳 China’s home prices fall the most on record! Chart: @Bloomberg pic.twitter.com/cKQK5YGVOh — Alex Joosten (@joosteninvestor) October 17, 2024 It was the top: Chinese stocks tumble into correction, down 15% since Cramer said "you have to come in China stocks right now" https://t.co/Gfk0e9BBeK pic.twitter.com/3D1QSu2CQB — zerohedge (@zerohedge) October 17, 2024 🇨🇳🌍 China equities continue their …

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