Independent thinking for complex markets and current events
by china-golden She may have a point here. I don’t think China is “finished” however.
Huge backlog of 200 ships are stuck trying to enter the Panama Canal as they wait WEEKS amid slowed traffic due to drought: Delays set to wipe $200M off profits and cause spike in US grocery and parcel prices The large vessels, thought to be carrying millions of dollars worth of goods, are locked in …
Grocery prices rose 3.6% for the year, higher than the overall 3.2% increase of consumer prices, per CNN. Food altogether, including menu prices, went up 4.9%. — unusual_whales (@unusual_whales) August 15, 2023 Food and Gas Prices Continue to Rise, Putting Strain on Americans’ Budgets Gas prices have risen significantly in recent weeks, according to pricing …
https://www.youtube.com/watch?v=YTgLGZsvrOo If you live in America, are you seeing rent prices go up or down in your area this year? Despite recent claims that rent price growth is cooling down, new surveys just published by the Harvard Joint Center for Housing Studies and Freddie Mac found that the majority of U.S. households, — or about …
Shoppers have become all but too familiar with Shrinkflation – when brands and supermarkets reduce the size of products while charging the same amount for them. But with the soaring cost of raw materials, there’s a subtle new tweak manufacturers are making behind the scenes, and shopping are starting to notice. Customers. already battling with …
by bitkogan The connection is straightforward: a dip in inflation is largely tied to plummeting energy and food prices. In July 2023, the average WTI oil price dropped 23.49% as compared with July 2022. Meanwhile, natural gas prices plummeted by 63.31%, and corn by 17.27%. Observing these figures, particularly for natural gas, makes one question …
Reality is all that previous excessive money printing has goosed up prices far above the long term core trend. And only a hard landing would even have a shot at bringing it back to trend, otherwise the future is clear: Permanent higher prices and cost of living with wages not having kept up. And the …
The Disney+ streaming service lost 300,000 subscribers in the United States and Canada in the most recent quarter — an ominous sign for the studio as it continues to pour billions of dollars into new streaming content that is flopping with viewers. To make matters worse for its fans, the Walt Disney Company is hiking …
No. Prices are not falling. Inflation continued to rise in June. Itbhas risen every month of 2023. Only three items fell in June. When someone tells you lower Inflation means lower prices, a kitten dies. Save the kittens. pic.twitter.com/qxiMzMnCp5 — Daniel Lacalle (@dlacalle_IA) August 10, 2023
by Michael Over the past few years, we have seen food prices in the United States and other wealthy countries do things that they have never done before. Unfortunately, this is just the beginning. Global food supplies are getting tighter, and meanwhile global demand for food just continues to increase. For decades, many among the …
On Wednesday, the Thai Rice Exporters Association revealed that the price of Thai white rice 5% broken, a key Asian benchmark, reached the highest level since Great Financial Crisis. This surge is mainly attributed to increasing fears of a global shortage due to the damaging effects of the El Nino weather phenomenon on Asian farmlands …
China export prices see their biggest drop in a decade. In developed countries “cheap consumer goods from China aren’t looked on as favorably as before." https://t.co/hGkrNMqZZm pic.twitter.com/S6rsl36shr — Lisa Abramowicz (@lisaabramowicz1) August 9, 2023 #China may be even more important than we figured!? Close correlation between daily World GDP Nowcast and #PBOC #liquidity injections… pic.twitter.com/kpdKOO3e5J …
European Natural gas prices just spiked 40% today ALONE. This is the biggest daily increase since March 2022. A long-lasting worker strike is likely to limit supply, Citigroup estimates EU natural gas prices could double. The never-ending fight against inflation continues. pic.twitter.com/RqTHNCE203 — The Kobeissi Letter (@KobeissiLetter) August 9, 2023
Brampton real estate market declines 51% in just 2 months. Spring real estate market has come and gone in Brampton. Home sales less than 400 in July (that includes homes and condos in all of Brampton). Prices have also started to drop. Detached homes in Brampton have dropped over $80,000 in average in just 2 …
by confoundedinterest17 Josef Stalin of the old Soviet Union used to be called County Joe. But Biden has so many possible nicknames: Corrupt Joe, Pay-for-play Joe, Sleazy Joe, Bully Joe, etc. How about Green Joe? Green Joe (or the Nasty Green Giant?) along with his energy goon Jennifer Granholm, have drained the strategic petroleum reserve …
Home foreclosures starting to explode Have you been looking around the housing market and thinking “There goes the neighborhood”? Well, you are not alone. In May of this year, ATTOM recorded a sharp uptick in foreclosure rates around the United States. Adding up notices of default, repossession by banks and auctions on the calendar, the …
The UK housing market sees weak activity caused by rising interest rates, pushing mortgage rates above 6 percent for home buyers and existing mortgagors looking to refinance. British house prices fell by the most since 2009 in the 12 months to July, according to mortgage lender Nationwide, as the drag from rising interest rates on …
https://www.youtube.com/watch?v=91gXUl1E-Sc Have you noticed that delivery delays are becoming a lot more frequent recently? That’s because a new set of supply chain disruptions are impacting the shipping and trucking industry right now. Both maritime and road transportation companies are facing labor and capacity issues, increased costs, and bankruptcies in recent months, and these problems are …
by Chris Black Yeah, well. Maybe we should change the way we produce food? No one really disagrees with that. The Guardian: A leading discount supermarket in Germany has raised the prices of a selection of its products to reflect their real cost on people’s health and the environment. In a week-long experiment in all …
via schiffgold: JP Morgan forecasts $2,000 gold by the end of the year with the price continuing to rise to record highs in 2024. In his latest note, JP Morgan executive director of global commodities research Greg Shearer projects the price of gold will average around $2,175 an ounce by the fourth quarter of 2024. That would …
via Mike Shedlock: Median new home prices are plunging. What will homebuilders do for an encore to entice buyers? Median new home sales prices vs new home sales, data from the Census Department, chart by Mish Existing homes sales prices remain stubbornly high as measured by Case-Shiller repeat sales of the same home. In contrast, …
Have you seen how fast gas prices rose last week? New reports reveal that fuel stockpiles have dropped globally, and the problem is likely to get even worse over the next few weeks and months as demand continues to outstrip supplies amid OPEC+ production cuts. Americans are now paying the highest prices for a gallon …
Gas prices in the US have surged to an eight-month high after foreign suppliers slashed production, and experts are warning that a hurricane in the Gulf of Mexico could trigger further increases. On Friday the national average price of regular gasoline stood at $3.73-a-gallon, a sharp increase from $3.55 one month ago, though still well …
Luxury home prices in the Bay Area and Seattle fell between 10% and 13% in the second quarter, more than anywhere else in the country. Nationwide, luxury prices rose 5% from a year earlier. SEATTLE, July 26, 2023–(BUSINESS WIRE)–(NASDAQ: RDFN) — Luxury home prices in San Francisco are falling faster than anywhere else in the …
by Hephaestus4 Oil prices also increasing. The Fed and mainstream media are living in an alternate universe. People are currently having to make choices between medicine, paying rents, food, or car payments/filling the gas tank. Church Food pantry near where I live people are lining the packed street every Sunday and Saturday.
by confoundedinterest17 Biden Press Secretary KARINE JEAN-PIERRE: “The American people are beginning to feel Bidenomics” Prices are up 16.6% and real wages are down 3% since Biden took office. Well, at least Jean-Pierre didn’t claim like her boss Joe Biden claimed that he “ended cancer as we know it.” But getting back to Jean-Pierre’s claim that …
According to Robert Shiller, a renowned economics professor at Yale University, the remarkable ten-year surge in U.S. home prices may find its conclusion when the Federal Reserve concludes its cycle of rate hikes. Yale University economics professor, Robert Shiller, predicts that the impressive decade-long rally in U.S. home prices will likely taper off once the …
