Independent thinking for complex markets and current events
Fast food giants like McDonald’s, KFC, Pizza Hut, and Taco Bell are experiencing a significant downturn in sales as Americans grapple with escalating prices on their once-affordable menu items. The frustration of consumers is palpable, manifesting in dwindling sales figures for these iconic fast-food chains. In a rare admission of the challenges faced by McDonald’s, …
by confoundedinterest17 This reminds me of “The Human Farm” episode of Parks and Recreation. A new report from the US Department of Agriculture forecasts that US farmers are poised for another year of financial misery, facing the most significant decline in incomes in almost two decades as crop prices slide and US dominance in ag exports wanes. USDA forecasts …
via Simon Watkins The ability of either the U.S. or China – or even both working together – to contain Iran’s response to the attacks on its military proxies may have disappeared with the latest U.S. attacks on them. The U.S.’s toleration of increased oil flows from Iran to China also meant that Beijing was …
via Mike Shedlock: The ISM services index was a bit stronger than the Bloomberg consensus estimate of 52.1. Notably, 64 percent of respondents report increasing prices, up from 56.7 percent. ISM chart and excerpts below by permission from the Institute for Supply Management® ISM® If Fed chair Jerome Powell was looking for another excuse to …
by confoundedinterest17 Hey Joe! Food inflation isn’t dead yet! The Biden Administration which motto should be “Make Crime Great Again!” with awful crime in big cities, and millions pouring over the border, not to mention providing jobs for foreign workers and not native born Americans, is likely breathing a sigh of relief as food inflation falling to …
It’s nice being a Leftist because the buck never stops with you. President Joe Biden took aim at grocery stores, blaming them for “ripping people off” with high pricing amid the continued inflation blame game. President Biden’s remarks came during a speech at the South Carolina’s First in the Nation Dinner in Columbia, South Carolina. …
President Biden faces a challenging road to re-election as a sharp increase in fuel prices could potentially sway the outcome, according to an analysis from Moody’s Analytics. Initially predicted to win the 2024 election by a narrow margin, recent indicators are now working against Biden. Rising fuel prices could cost Biden re-election – The Hill …
$200 for a pack of chicken that would cost a fraction of the price anywhere else. At this rate, they’ll have everyone on soy and bugs. Welcome to Canada. $200 for a pack of chicken that would cost a fraction of the price anywhere else. At this rate, they’ll have everyone on soy and bugs. …
Maui faces a homelessness crisis blamed on Biden’s FEMA, forcing residents into roadside tents. FEMA’s housing efforts fail, pushing landlords to evict tenants for FEMA occupants, skyrocketing rent prices. Displaced residents receive no aid amid job losses, while vacant short-term rentals compound the issue. 🚨 THE BIDEN ADMIN HAS CREATED A MASSIVE HOMELESS CRISIS ON …
by confoundedinterest17 Treasury Secretary Janet Yellen just admitted what the rest of Americans already knew: high prices are here to stay. Example? Food prices (CPI) are up over 20% under Inflation Joe while gasoline prices are up 38% under Clueless Joe. On the housing front, the Case-Shiller National Home Price Index is up 33.2% under …
by confoundedinterest17 Baby, it’s cold outside! Of course, government still wants to ban natural gas and coal. The average price of electricity has risen a whopping 24.25% under Biden and Bidenomics. Brrr!! No wonder Biden only wants to talk about unlimited abortion and NOT the immigration (Fentanyl, child trafficing, crime, etc) fiasco at the border and …
“Netflix, $NFLX, is to taking away its cheapest ad-free plan, the Basic Netflix subscription that costs $11.99, per the Verge.” Netflix, $NFLX, is to taking away its cheapest ad-free plan, the Basic Netflix subscription that costs $11.99, per the Verge. — unusual_whales (@unusual_whales) January 23, 2024
by ByteWanderer Looks like price strength is gone. I know it’s seasonal, but the decline seems sharper around now. I don’t think you should buy puts (unless retail prices crater), but I’m not getting calls until price strength is back. Here is the Full Report
Cheap Russian Oil Reduces OPEC’s Share in India’s Imports to Record-Low 50%. In 2023, India, the world’s third-largest oil importer and consumer, witnessed a historic shift in its crude oil import dynamics. Data from trade and industry sources reveals that the annual share of oil from the Organization of Petroleum Exporting Countries (OPEC) in India’s …
Literally speaks for 99% of Americans!
“But he eliminated the PTO program, first launched in 2021, at the start of the year “to prepare for the increase in wages in 2024,” he said.” “The new California law doesn’t apply to employees at full-service chains such as Chili’s or Cheesecake Factory. Lederman, the veteran franchise consultant, agreed. He said he fully expected …
For decades, car ownership has been a trademark of the American lifestyle, with vehicles becoming symbols of freedom, independence and even rebellion, as well as a necessity. But in 2024, the country’s legendary love story with the automobile appears to have reached a crucial point of potential no return, as cars have become unaffordable to …
BREAKING 🚨: German Home Prices German Home Prices fell by 10.2% during the 3rd quarter, the largest decline ever recorded pic.twitter.com/AxFczLZ3JL — Barchart (@Barchart) January 14, 2024
by confoundedinterest17 Government power is causing inflation and middle class economic repression. For example, US credit card debt is at an all-time high as consumers attempt to cope with inflation under Biden. While inflation RATE is finally cooling off, the LEVEL of inflation remains high. Purchasing power for consumers is down 15% under Vacation Joe. …
German house prices are in freefall, per Reuters: pic.twitter.com/gCNGQONr8c — unusual_whales (@unusual_whales) January 12, 2024 Question: Is Germany like New Zealand, Australia, Canada where your fixed rate is max three years? They’re all resetting now and yeah…it’s going to be bad.
Due to the start of aerial bombing of Yemen by the Western coalition, Brent oil is rising and has broken through the $80 barrier. Experts say that apparently this is not the limit, since the Houthis said that they will not retreat or surrender, and the West will continue until… pic.twitter.com/vFyEqfFjXN — Sprinter Press (@SprinterPress) …
Saudi Aramco (ARMCO) on Sunday cut the official selling price by $2/bbl from January levels to $1.50/bbl over Oman/Dubai quotes, the lowest in over two years. Prices in northwest Europe and the Mediterranean were reduced $1.50 to $2/bbl vs. the ICE Brent crude benchmark compared to January prices. On the other hand, U.S. oil production …
@ The Kobeissi Letter Office building prices in the United States have experienced a substantial downturn, witnessing a significant 40% drop from their peak over the past two years. The past year alone has seen a massive 30% decline, leaving one in five office buildings vacant across the nation. The gravity of the situation is …
The latest ISM report reveals concerning figures as New Orders and Prices Paid fall below expectations, signaling continued manufacturing contraction for 14 consecutive months. ISM subindices: New Orders comes in far below expectations at 47.1, falling from 48.3. Bloomberg surveys had predicted 49.1. Prices paid comes in with a HUGE miss at 45.2, falling from …
Inflation? What Inflation?This is getting crazy. What other stuff is shocking you lately at the grocery store? pic.twitter.com/yyJFqFfJq5 — Wall Street Mav (@WallStreetMav) December 31, 2023 Inflation? What Inflation? Shrinkflation. We are seeing more and more of this. 221 mL vs 192 mL pic.twitter.com/AhUKIr8DsE — Wall Street Mav (@WallStreetMav) December 31, 2023 RED is reported …
by confoundedinterest17 So much for “The Fed killed inflation” narrative. Inflation is still alive and well in housing prices. Particularly in cities like Miami and Detroit? Maybe the Lions winning their division for the first time in 30 years helped! The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census …
https://twitter.com/Fxhedgers/status/1739419853943923071 This infuriating year, marred by relentless inflation, epitomizes the struggle of everyday Americans. Families, like Kyle Connolly’s, grapple with layoffs, escalating living costs, and diminished luxuries. The glaring disconnect between positive economic indicators and the grim reality faced by communities like Florida’s panhandle underscores the systemic issue. While the Federal Reserve boasts about curbing …
Over the past two weeks, the owner of a hip wine bar in Buenos Aires saw the price of beef soar 73 percent, while the zucchini he puts in salads rose 140 percent. An Uber driver paid 60 percent more to fill her tank. And a father said he spent twice as much on diapers …
