Independent thinking for complex markets and current events
Chinese home prices are plummeting at an alarming rate, surpassing the decline seen during Japan’s infamous bubble burst. With a lack of transparency, the full extent of the crisis remains uncertain, but indicators suggest it could be ten times worse than the 2008 financial crisis. Residential real estate volumes have dropped by a staggering 46% …
By Martin Armstrong Home prices in the US are near all-time highs. As I repeatedly stated, we can no longer look at real estate on the national level. Demand and value are contained to certain states and areas of certain states that the public has deemed most desirable, largely due to political factors such as …
Moody’s Analytics latest data unveils a significant shift in the U.S. housing market, with the once-scorching pace of home price growth finally showing signs of tempering. The report highlights a nuanced landscape, with some regions experiencing continued ascent while others face declines, reflecting the complex interplay of affordability and demand. Key points: Moody’s Analytics House …
by confoundedinterest17 Housing in the US is simply unaffordable, particularly after HUD levied new regulation rising the cost of new housing up to $31,000. Wait for this to kick into the data for mortgage demand! Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications …
Complete RIPOFF! How the hell do people afford this shit!? Food prices are almost TRIPLED! How the hell can people afford to buy food these days! The entire economic system will collapse soon at these prices, no one can afford that crap! I also heard many people are turning to food banks to get food …
via Mike Shedlock Food away from home has risen at least 0.3 percent for 34 out of the last 36 months. CPI data from the BLS, California Fast Food Prices Gordon Haskett Sticker Shock in California Higher state minimum wage went into effect April 1; chains say burritos and burgers are getting more expensive in …
The first week of Bitcoin halving sent Bitcoin back below the prior all time high and below the 8 week moving average for the first time in six months. Despite record inflows. pic.twitter.com/Ulszds2gI8 — Mac10 (@SuburbanDrone) April 28, 2024
US Food prices have risen by almost 17% in nearly 4 months. This is a level comparable to the 2023 average. Yet another example of the recent inflation rebound. pic.twitter.com/JofSUF7IEw — Global Markets Investor (@GlobalMktObserv) April 26, 2024 "You know what absolutely sucks?" "I am in my 20s right now" "I want a house, I want kids, …
The ripple effects of California’s $20 minimum wage hike are becoming increasingly evident, with fast food restaurants across the state grappling with job cuts and price increases, further burdening businesses, workers, and consumers alike. California’s minimum wage increase to $20/hour has led to job losses, reduced working hours, restaurant closures, and higher prices. Fast food …
by confoundedinterest17 Fed Chairs Ben Bernanke and Janet Yellen started the home price fire that Powell is trying to extinguish but can’t. Throw in a 10% burst in illegal immigration and Biden/Mayorkas just added fuel to an already out-of-control fire. Housing is becoming an exclusively upper-class privilege in a growing number of cities. According to a new …
Gen Z will never afford homes. With 30-year fixed mortgage rates hitting a staggering 7.5%, and home prices soaring beyond the 2006 housing bubble peak, the American Dream is dead for many. Even in the most affordable states, households need over $100,000 annually, while in Hawaii, California, and Massachusetts, it’s over $240,000. It’s a stark …
A Texan software company is alleged to have been at the center of a ‘rental cartel’ that enabled landlords across the US to artificially drive up prices. Software sold by RealPage is used by many of the largest property management firms in the US and suggests prices landlords should charge based on availability and demand …
U.S. crude oil futures were slightly lower Sunday as traders breathed a sigh of relief after Israel fended off a large-scale air assault by Iran and the U.S. emphasized it wants to avoid a wider war in the Middle East. The West Texas Intermediate contract for May lost 34 cents to $85.32 a barrel as …
Gold prices are — significantly so. In fact, they just reached an all-time high, but is this a good sign for the economy? Unfortunately, no. When Glenn Beck spoke to a certain gold expert, he said, “Do you realize how crazy the world has to be for gold to be at $3,000 an ounce?” As …
https://twitter.com/Willhappen411/status/1778727446147207511 Energy prices, particularly the cost of electricity, have skyrocketed since President Biden took office, outpacing inflation and putting a dent in Americans’ wallets. Since January 2021, electricity prices have soared 29.4% — 50% more than overall inflation — rising 13 times faster than the previous seven years, according to a Wall Street Journal analysis of Bureau …
They are at war against us. $16 for Ramen Noodles. This is a typical grocery store in Dillingham, Alaska. These are the current prices they are paying as of today April 6th, 2024. People in the lower 48 will be seeing these same prices and much worse very soon. — Mia @ MIA’S TRAVELS 2024
pic.twitter.com/UuOgLAgagH — Simonwins (@simonwins28) April 8, 2024
Inflation seems to be spiraling out of control, with ominous warnings of 8% interest rates and rising gold consumption. Just think. Three months ago the street saw 6 rate cuts coming in 2024 😂 8% interest rates would put mortgage rates over 10% 💀 pic.twitter.com/KHsKDic2sc — QE Infinity (@StealthQE4) April 9, 2024 Interest Rates could …
Americans are poor people with a manipulated home price. They don't have/save shit pic.twitter.com/j8b8IDajcU — Darth Powell (@VladTheInflator) April 7, 2024 Guys this time is totally different! Also this time: pic.twitter.com/65cBdcJZDn — Darth Powell (@VladTheInflator) April 7, 2024 How many people have held onto their house because they were told rates would come down before …
It might soon become harder to make healthy breakfasts . Cal-Maine Foods, Inc., the largest producer of eggs in the United States, has closed one of its facilities in Texas due to an outbreak of the highly pathogenic avian influenza (H5N1). Two million birds have succumbed to the virus, leading to the depopulation of approximately …
More low income earners in the Us are not dining out, per Reuters: pic.twitter.com/oAbUo1h9D0 — unusual_whales (@unusual_whales) April 8, 2024 “Runaway prices at U.S. fast-food joints and restaurants have made people skittish down the income ladder and executives at chains including McDonald’s (MCD.N), opens new tab and Wendy’s (WEN.O), opens new tab recently said they …
Make America affordable again … Has your income gone up more than 40% since 2019? pic.twitter.com/5AYZP26oER — Wall Street Mav (@WallStreetMav) April 8, 2024 US 10-year inflation-adjusted yields are at the highest levels of 2024. pic.twitter.com/Z0LeH1PAFJ — Lisa Abramowicz (@lisaabramowicz1) April 8, 2024 Grandma Yellen’s recent claim that inflation will continue to decline might sound …
Gas prices have been on the rise nationwide, but for California drivers, they’ve skyrocketed in a short amount of time. The Golden State’s average at the pump surged by $0.23 to $5.27 per gallon on Friday from a week ago, according to AAA data. Meanwhile, the nationwide average sat at $3.54 per gallon on Friday, …
Food Inflation since 2019 pic.twitter.com/HzChTeIbHt — Win Smart, CFA (@WinfieldSmart) April 4, 2024 They are definitely losing control over #oil prices 👀 https://t.co/ssixSkhvse pic.twitter.com/Q3Qo25AwoZ — JustDario 🏊♂️ (@DarioCpx) April 5, 2024 Oil analysts are getting worried about an expensive summer driving season, with WTI prices surging by about 20% so far this year. “The market …
Californians are getting a lesson in economics courtesy of the state’s new minimum wage law. A new law, taking effect this past Monday, created a minimum wage for fast-food workers of $20 an hour. The New York Post reported that many chains in the state have already increased their prices to deal with the new wage. Which …
The implication is that commodity prices, compared to equities, are currently at their lowest levels in nearly 50 years. This suggests that commodities may be undervalued relative to stocks, potentially indicating a shift in market dynamics or investment trends. That's true! Also it seems end of cycle for earnings… maybe pic.twitter.com/0CufwOtldg — Guilherme Tavares (@i3_invest) …
EV maker slashes prices as it tries to avoid bankruptcy. California-based electric vehicle startup Fisker slashed the prices of some of its vehicles as it fights to avoid bankruptcy after a potential deal with another automaker fell through. The manufacturer’s suggested retail price for the 2023 Ocean electric SUV lineup in the U.S., which is …
Patriots, everyone has been to McDonalds at one point or another – it’s by far the largest fast food chain in America, and easily the most well-known. For these reasons, what happens at McDonald’s is often seen as an indication of what’s happening in the broader economy. And currently, what’s happening at McDonald’s is alarming. …
