Independent thinking for complex markets and current events
BREAKING: Trader Joe's has increased the price of bananas for the first time in more than two decades — the price is now 23 cents apiece up from the 19-cent price set in place in the early 2000s, per Axios. — unusual_whales (@unusual_whales) March 28, 2024 Trader Joe’s customers may experience sticker shock the next …
New Home Prices are now down 20% from their highs, in bear market territory, and falling faster than rates seen in 2008. 🔥🔥🔥 Source Re:Venture Consulting pic.twitter.com/ZCSU0jgxVA — Wall Street Mav (@WallStreetMav) March 27, 2024 So far, the demand signals have only continued to decline Mortgage apps were down YoY throughout all of 2023 and …
Home Prices rose by 6% year-over-year during January, the fastest increase since January 2022 pic.twitter.com/SxWWnQ4BcA — Win Smart, CFA (@WinfieldSmart) March 27, 2024 Home prices increased at the fastest clip since 2022 at the start of the year, according to one closely watched home price gauge published Tuesday. Home prices nationally in January were 6% …
London catching up to Shanghai. Gold trading at $2,222 there today. — Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) March 27, 2024 In the world of commodities, gold has always held a special allure, and today, its shine is only growing brighter. As London bids up gold prices, the market buzz is palpable, with prices …
The index for home prices increased in January at its fastest rate since November 2022 as supply constraints and inflation continue to raise prices, according to data from S&P Global. The Case-Shiller U.S. National Home Price Index increased 6.0% year-over-year in January, up from 5.6% in December, according to a press release from S&P Global. Growth in …
Commodity prices across the board seem be permanently elevated. The days of low oil prices are gone and consumers are feeling the pain. Purchasing power of the US Dollar is down over 20% in just 4 years. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) March 26, 2024 …
“Since Q1 ’22, rest of the world has had change of attitude toward the US dollar and fewer people are willing to hold it for reserves and trade; it’s not a flood yet but bad enough to show up in macro-level data; also seeing higher prices hide lower international trade volumes:” Since Q1 '22, rest …
To an economist looking at the government CPI report that came out Tuesday, it is clear that inflation is receding. Over the past 12 months, the overall CPI is up 3.2%, far below the peak annual rate of 9.1% seen in the summer of 2022. The co-called “core” rate, which excludes volatile food and energy …
The used car market is in a curious state as prices have continued to fall precipitously in the early part of 2024, but they have yet to reach pre-pandemic levels due to higher-than-usual demand. Data from the first 15 days of February indicates a substantial decline in prices for wholesale used vehicles, accounting for variations …
Egg prices are soaring again and increased 8.4% in February from January, according to the latest Consumer Price Index released Tuesday. Why it matters: Elevated prices ahead of Easter are giving consumers flashbacks to the sky-high prices of 2023, which peaked at $4.82 for a dozen in January. February 2024 prices dropped 17% from a year earlier, the CPI, a key …
Thousands of farmers protested in India’s capital on Thursday to press their demand for a new law that would guarantee minimum crop prices, after weeks of being blocked from entering the city. They rode crowded buses and trains instead of their tractors to New Delhi after authorities barricaded highways into the capital with cement blocks …
via notayesmanseconomics Yesterday evening I stopped to take a look at the twin towers at the Vauxhall end of the Nine Elms development which from the picture in my Instagram feed below look nearly complete. As they have changed hands they symbolise the problems that China is experiencing in the real estate sector and we …
BIDEN'S TREASURY SEC. YELLEN: "Americans are seeing the costs of some goods that are important to them, like rent, having increased…" pic.twitter.com/rGxk7bFxw7 — Breaking911 (@Breaking911) March 13, 2024 US Treasury Secretary Yellen: it seems unlikely that interest rates will return to levels as low as before the covid-19 pandemic. — unusual_whales (@unusual_whales) March 13, 2024 …
In the heart of San Francisco’s Mission District, a beloved taqueria is grappling with the tough decision of doubling its prices. La Vaca Birria, known for its mouthwatering beef burritos, faced the dilemma of staying afloat in an era of rising costs. Ricardo Lopez, the owner, recently addressed a customer’s concern about the surging prices. …
Ikea says it plans to expand its price cuts into 2024 across all of its markets globally, aiming to dial back price increases that were introduced in 2022. The price cuts have led to an increase in customers and more products have been sold worldwide, according to Tolga Öncü, head of retail at Inkga Group, …
The steady rise in food prices has become a mounting concern for American households, overshadowing the recent dip in inflation rates. Despite a slowdown in the pace of inflation, grocery prices have continued to surge. Amid this challenging economic landscape, even retail giants like Costco are not immune to the pressures of inflation, with recent …
After January’s surprised upside shift, expectations have been adjusted up over the last month for another sizable MoM move in headline CPI. But that was not enough as the 0.4% MoM rise in the headline (as expected – highest since August) lifted CPI YoY up to +3.2% (hotter than the 3.1% exp)… Source: Bloomberg The 3-month annualized CPI rate was rose …
This should never be happening in 1st world countries. #Bidenflation Grocery shopping in 2024 … 🔊 pic.twitter.com/A1K3CjxVqu — Wall Street Mav (@WallStreetMav) March 9, 2024 Bidenomics https://t.co/KafhDASVg6 — Shunya (@Shunyaa00) March 9, 2024 Do you get stressed out going to the grocery store these days? 🔊 pic.twitter.com/XJWGRR7VhM — Wall Street Mav (@WallStreetMav) March 9, 2024 …
A controversial $24 receipt from a Five Guys restaurant has recently put social media users up in arms. An X account named Wall Street Silver published a picture of the viral receipt, which he said he took from Reddit, on Mar. 1. “Five Guys prices are out of control,” the X user wrote. “$24 for …
Millions of American motorists are feeling pain at the pump again. Have you noticed how rapidly prices are rising lately? If you want to avoid having a major headache over the next few months, you should definitely start stocking up on fuel while prices are still relatively low because that won’t last much longer, according …
A viral social media post has reignited a debate about the prices of one of America’s top burger chains. On March 1, X user @WallStreetSilv posted an image of a receipt from Five Guys that quickly went viral on the platform, garnering nearly 25 million views, and started another heated discussion about recent fast-food prices. Five Guys …
“Rent Prices Up 76% Arizona Attorney General Confirms Rent Prices Are Sky High Due To Major Landlord Companies All Working Together & Price Fixing “This happened in large part because of this conspiracy that stifled fair competition & essentially established a rental monopoly” The 1% Are Lawless In America. “Why is the rent here so …
by confoundedinterest17 Confidence! It’s what consumers DON’T have under Bidenomics. For the fourth straight month, The Conference Board revised its consumer confidence data significantly lower. In fact January’s was the biggest downward revision since Feb 2022. And Conference Board Consumer Confidence was DOWN to -3.90 in January, the worst since Feb 2022. It really isn’t surprising …
Home prices grew more quickly than usual at the end of 2023 to finish at an all-time high. It’s a side effect of the market for existing homes that dried up as mortgage rates rose. Prices rose 6.1% from year-ago levels in the S&P CoreLogic Case Shiller Home Price Indices, which tracks prices in 20 …
Wendy’s is preparing to test an “Uber-style” surge-pricing model where prices will fluctuate throughout the day based on demand — meaning a Dave’s burger will cost more during the lunchtime rush. Wendy’s CEO Kirk Tanner — who rose to the chief role earlier this month — announced the new system on a call with investors, …
by confoundedinterest17 Goodbye free markets! Hello heavy-handed government cronyism. So, despite recent declines in energy prices, gasoline prices are still up 46.25% under “Green Joe” and the all important for shipping, diesel prices, are still up 55.6% under Brainless Joe. One would think that massive rises in gasoline and diesel prices would make everyone buy an …
What was once celebrated as a transformative project for South Carolina’s electric vehicle (EV) industry has encountered a significant setback, signaling challenges for the broader EV sector. Albemarle, the world’s most valuable lithium company, had ambitious plans for a $1.3 billion lithium processing plant in South Carolina, designed to support the state’s growing EV industry. …
https://www.ft.com/content/b153ea78-d31f-3ec7-a0d2-d0d0226e2ce8 🔥 US NATGAS PRICES DROP 5% TO FRESH 3-1/2-YEAR LOW ON MILD FORECASTS (Reuters) – U.S. natural gas futures dropped about 5% on Wednesday to a fresh 3-1/2-year low on near-record output, ample amounts of fuel in storage and forecasts for warmer weather and less heating demand… pic.twitter.com/pJQyHq4y2y — PiQ (@PiQSuite) February 14, 2024 …
As inflation remains stubbornly high, farmers throughout the Western world are warning that cost increases from the net zero movement will drive food prices still higher, while simultaneously putting many smaller farmers out of business. January inflation numbers showed that prices increased by 3.1 percent over what they were a year ago, indicating that the fight against …
Car prices are dropping like a rock in the used vehicle market, with prices down by -23% over the last 18 months, the biggest drop on record according to Cox Automotive. These price declines on cars are especially severe for Tesla, where Elon Musk has dropped the price of the electric vehicles by 25% for …