Independent thinking for complex markets and current events
via naturalnews: The Black Sea Grain Initiative is dead in the water, and Russia is warning that any ships seen traveling to Ukraine’s Black Sea ports from now on will be considered potential military targets. The warning came after Ukraine announced plans to continue exporting grain and other food via a temporary shipping route to get …
by confoundedinterest17 Jared Bernstein was VP Joe Biden’s former Chief Economist and is now chair of the United States Council of Economic Advisers. Pretty impressive! Except that Bernstein is not really an economist. He has a PhD in social welfare from Columbia University. In other words, Bernstein is a Progressive Marxist cheerleader, not a real …
The most iconic theme park in the U.S. and the world is facing an unprecedented crisis right now. Walt Disney World typically sees millions of visitors every year, but things are remarkably different in 2023. Several reports expose that Disney theme parks are shockingly empty this summer, and there are several reasons contributing to the …
by pman6 People like to focus on YoY inflation compared to previous year, ignoring 2-3 years ago. Things went from relatively stable 2-3% yoy inflation prior to covid, to a quick jump during 2021-2023. So cpi July 2021 was 5% over July 2020, July ’22 was 9% over 2021. July ’23 will be 3% over …
Paris home prices slumped to the lowest level in four years as rising interest rates extended a downturn that gained steam during the Covid-19 pandemic. Asking prices in June decreased 4.1% from a year ago, falling to €10,936 per square meter — the lowest level since January 2019 — according to figures compiled by Le …
by confoundedinterest17 So far, President Biden has drained almost 50% of the Strategic Petroleum Reserve (SPR) under his Reign of Error. And regular gasoline prices are up 48% since Biden assumed the Presidency on Jan 20, 2021. We have massive caverns for oil storage that are sitting empty. Then we have the US Dollar, down -12.5% …
Wheat prices jumped as much as 3.5% as news broke Monday that Russia let the UN-brokered grain deal lapse at midnight, Istanbul time, marking the end of the Turkey-administered humanitarian corridor which let Ukrainian grains get exported to global markets. Russia since confirmed the deal has been “terminated” Currently there’s speculation that the fresh attack …
by confoundedinterest17 Yes, one of the cornerstones of Bidenomics is the massive expansion of (impractical) electric vehicles (or EVs). You know, those mondo expensive cars that run out of power after a couple of hundred miles requiring a lengthy recharge (kind of makes long distance trips the domain of Internal Combustion Engine (ICE) cars. But …
by confoundedinterest17 There goes the economy! As The Federal Reserve is poised to continue it inflation-fighting crusade, the US economy is rapdily approaching DEFLATION. US Producer Price Index FINAL DEMAND fell to 0.1% YoY in June. Bidenomics, the combination of insane monetary stimulus and insane directed Federal spending towards going green at all costs, is …
https://www.youtube.com/watch?v=RQJKDMYy9ZM A car market crash of epic proportions is already in motion, according to new data released by Manheim Market Insights and Cox Automotive. In June, car prices faced a record drop, marking the end of two years of hefty increases. Used vehicles saw the biggest monthly declines since the pandemic boom, while new cars …
Inside the negative equity timebomb: US homeowners lost $108.4 BILLION in equity this year – leaving more than 200,000 at risk of going ‘underwater’ if property prices fall another 5% Homeowners are sitting on a negative equity timebomb after losing $108.4 billion on their property values this year, experts say. The average borrower saw their …
by Martin Armstrong Fannie Mae admitted their forecast of declining home prices was incorrect. They initially projected that housing would fall by 1.2% in 2023, followed by 2.2% in 2024. Housing prices remain strong because this in an inventory crisis. There are 47% less available single-family houses on the market compared to the start of …
by scott_jr Sriracha shortage sees sauce prices spike to over $70 a bottle $1,000 car payments ✅ $800 student loan payments ✅ Maxed out credit cards ✅ $20 avocado toast ✅ $70 Sriracha ✅ On Amazon, a pack of two, 17-oz Huy Fong Sriracha bottles is retailing for $114. 59. A four-pack of 28-oz …
“Car prices are about to drop, an oversupply of vehicles will lead to manufacturers slashing prices. There are too many cars and not enough buyers. UBS reports that the production of cars is outpacing sales by 6%, this leaves about 5 million cars just sitting around, unsold. To sell these cars, manufacturers might have to …
“The median California home is $100k higher than they were 4 months ago.” Source: https://t.co/05dmw17NEg — Genevieve Roch-Decter, CFA (@GRDecter) June 27, 2023 May new home sales surged +12.2% m/m vs. -1.2% est. & +3.5% prior (revised down from +4.1%)… median new home price -7.6% year/year to $416,300; average selling price at $487,300 pic.twitter.com/2NNF4UWeN5 — …
I love this ratio (old definition/new definition), specially the rate at which it has been increasing since 2021…👇 https://t.co/pXs2htkAra — Alvaro (@Alvaro128929138) June 25, 2023 Can you spot a difference between the two boxes? Identical in size and price of $7.49. One was bought two weeks ago, and the other today 🚨🚨🚨 by u/BoatSurfer600 in …
https://www.youtube.com/watch?v=nwbVdlsSWaQ If you’re planning to buy some beef to throw on the grill over the next few weeks, expect to pay up to three times more than you did just a couple of years ago, when our domestic supply was plentiful due to a historic cattle selloff. Since 2021, ranchers have been coping with drought …
by BoatSurfer600 The housing data we’re seeing today – sales that closed in May – are still coming out of spring selling season when prices and sales always rise. This seasonal uptick happened even during Housing Bust 1. The median price of all types of previously owned homes – houses, condos, and co-ops – whose …
by confoundedinterest17 Like a bad good news, bad news joke, the good news is that US existing home sales ROSE 0.2% in May. The bad news? Existing home sales are DOWN -23.16% on a year-over-year basis. And the median price of existing home sales fell -3.44% YoY as inventory for sales remains missing in action …
by BoatSurfer600 The inflation story is not over yet, and Europe is not out of the woods. Source: Sagar Singh
by EasyNewzApp The monsoon is falling behind, sugar will be the first commodity to take notice. Keep an eye on this developing story, it could prove material for wheat, rice, ethanol, and vegetable oils prices later this year. The India Meteorological Department provides the below link tracking the arrival of the seasonal monsoon. Many crops …
Cocoa prices have soared 44% over the last nine months to seven-year highs as the global cocoa bean deficit worsens for the second consecutive year. “The cocoa market has experienced a remarkable surge in prices … This season marks the second consecutive deficit, with cocoa ending stocks expected to dwindle to unusually low levels,” S&P …
Italians are calling for a pasta strike to bring down prices. via alarabiya When it comes to skyrocketing pasta prices, Italians are crying: Basta! They have had enough after the cost of the staple of every Italian table soared by twice the rate of inflation. One consumer advocate group is calling for a weeklong national pasta strike starting June …
Saudi Arabia Plans To Cut Oil Production Again After No ‘Consequences’ From Biden. “The move comes almost one year after President Joe Biden’s trip to Saudi Arabia, during which he fist-bumped autocratic Crown Prince Mohammed bin Salman, prompting widespread criticism. Despite Biden’s visit, the Saudi-led Organization of Petroleum Exporting Countries (OPEC) in October announced a production …
*SAUDI PLANS NEW OIL CUTS AS PART OF OIL DEAL It’s important to note here that every Saudi cut = loss of market share + subsidy for other producers Saudi’s tried this up until 2015 to support prices until they realized they were losing huge mkt share & opened flood gates pic.twitter.com/fqkZXSTiXe — Adem Tumerkan …
The housing market has never been more out of reach for people. https://t.co/vYbrjSumPt — Win Smart, CFA (@WinfieldSmart) June 3, 2023 The Housing Market Has Never Been This Unaffordable For New Buyers Americans looking for a new home are facing the least affordable market ever, according to data from the Mortgage Bankers Association. The group’s …
Shares of the electric vehicle giant run by the oft-erratic billionaire Elon Musk rallied to their highest price since early this year in Friday trading, as Musk’s net worth, battered badly by his controversial purchase and leadership of Twitter, closes in on once again becoming the largest in the world. Tesla shares ticked up 3% …
via naturalnews: Germany, home to Europe’s biggest economy, has now fallen into a recession as consumer spending drops in the wake of higher energy prices. During the first quarter of the year, the company’s GDP dropped by 0.3 percent, following a contraction of 0.5 percent during the last quarter of 2022. This meant Germany met …
by: Arsenio Toledo (Natural News) Food giants McDonald’s and PepsiCo continue to greedily raise prices, forcing many consumers looking for price breaks to keep waiting for the day when food prices normalize. These price increases are ongoing. Many companies do not plan to change course and will continue increasing prices or keeping them at elevated levels even as some executives are warning that shoppers …