Independent thinking for complex markets and current events
by Martin Armstrong Cuba is a tragic example of what can happen to a society under a Marxist–Leninist socialist republic—equal in poverty. New reports show that nearly a quarter of Cuba’s population has fled the nation in the past four years alone in search of economic opportunities. Such a mass exodus is usually only seen during times …
The $100 billion club got smaller after a tough three months on the markets. Michael Dell’s net worth fell by $24.5 billion this year, while Jensen Huang is down $19.2 billion. While some of the superrich lost billions, Warren Buffett’s net worth soared by $24.3 billion. Nvidia’s Jensen Huang and Michael Dell have fallen out …
Economic growth in the first quarter was just 0.3%, according to CNBC’s Rapid Update which tallied the forecasts of 14 economists. The survey also shows Core PCE inflation will remain stuck at around 2.9% for most of the year. The dour new forecasts come as the decline in consumer and business sentiment from the emerging …
Average loan terms for new and used cars are close to six years and the majority of loans have terms of more than five years, as of Q2 2024. Longer-term loans can lower your monthly payments, but also cost you more in interest over time, increasing the total price of your vehicle. The average car …
The Atlanta Federal Reserve is projecting a contraction of the nation’s gross domestic product (GDP) of 1.5 percent in the first quarter, flashing a warning sign for the U.S. economy. The projection is a significant shift for the Atlanta Fed over the last few weeks that comes a little more than a month after President …
Nvidia $NVDA only expects revenue of $37.5 billion next quarter. The growth is slowing. (*Reminder, all of these companies are using Non-GAAP instead of GAAP because it allows them to do round-trip financing 🤫) https://t.co/RTniBc6M8j pic.twitter.com/7cNDvdbNIx — Financelot (@FinanceLancelot) November 20, 2024 Doesn't matter, as soon as growth evaporates the stock crashes because it's massively …
https://www.cnbc.com/2024/11/07/fed-rate-decision-november-2024.html The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to right-size monetary policy. In a follow-up to September’s big half percentage point reduction, the Federal Open Market Committee lowered its benchmark overnight borrowing rate by a quarter percentage point, or …
They are not buying stocks. The Insider Transaction Ratio has risen into 'bearish' territory. via @hmeisler pic.twitter.com/58B6BhJwxz — Daily Chartbook (@dailychartbook) October 15, 2024 h/t HighYieldLarry
Sept 30 (Reuters) – Gold eased on Monday, taking a breather after a historic rally driven by U.S. monetary easing and heightened Middle East tensions, which put it on course for its best quarter since 2020. Spot gold was down 0.9% at $2,634.75 per ounce as of 02:08 p.m. ET (1808 GMT). U.S. gold futures …
As of recent reports, more than 227,000 households in Canada are on waiting lists for social or affordable housing. This figure represents about 1.5% of all Canadian households. Many of these households have been waiting for two years or longer. It's like a 10 year or more wait. Where my aunt was living in one …
by Mike Shedlock The BEA’s initial GDI growth estimate for the first quarter was 1.5 percent, later revised to 1.2 percent. I expect further negative revisions. Here’s a “What if” take. The math is a bit complicated, and I made some assumptions that the BEA is in the ballpark with its starting point. So take …
Berkshire Hathaway has dumped more shares this quarter than any other quarter in its entire history. They know what’s coming. 🩸 pic.twitter.com/Y4CnWHitdr — Jacob King (@JacobKinge) August 4, 2024 Wow — Elon Musk (@elonmusk) August 4, 2024 Linkhttps://t.co/voAyWoi413 — QE Infinity (@StealthQE4) August 3, 2024 BREAKING: Warren Buffett's Berkshire Hathaway now has a record $277 …
Financials Bullishness pic.twitter.com/6tEnWECJJ6 — Win Smart, CFA (@WinfieldSmart) July 25, 2024 S&P 500's earnings beat rate is still healthy at nearly 79%, but the revenue beat rate is currently at its lowest since the fourth quarter of 2016 pic.twitter.com/7QmvLufdG1 — Win Smart, CFA (@WinfieldSmart) July 25, 2024 https://twitter.com/MichaelAArouet/status/1816441931850797083 The streak of days without a 2% …
Walgreens Boots Alliance will close a significant portion of its roughly 8,600 U.S. stores as the pharmacy chain seeks to turn around its struggling business, which has been hit by inflation-weary customers paring their spending. https://www.cbsnews.com/news/walgreens-stores-closing-locations/ “The current pharmacy model is not sustainable,” CEO Tim Wentworth told investors on a Thursday earnings call. With 75% …
Smart considering how much US #credit there is already, and how much more will need to be created to fund all those wars, politician slush funds, rising interest expenses, roll over of maturing debt, and never mind the great state of the Union, versus physical #gold.#Gold is… — Jaime E. Carrasco (@IJCarrasco) May 16, 2024 …
Yikes. $TSLA ended up just cutting 10%. How is this still a growth story when car deliveries dropped 20% quarter on quarter? Also, how do you justify the valuation even after the recent price drop? The PE ratio is 34 even at the current stock price. pic.twitter.com/ZBpugFeK8l — QE Infinity (@StealthQE4) April 22, 2024 Tesla …
by confoundedinterest17 As Commander Cody sang, “We have too much debt.” “The prices of some things will decline. Others will go up. But we don’t expect to see a decline in the overall price level,” said Federal Reserve Chair Jerome Powell, Nvidia stock hitting new highs, its market cap soaring to $1.78trln. “That doesn’t tend to happen …
https://www.cnbc.com/2024/01/25/gdp-q4-2023-the-us-economy-grew-at-a-3point3percent-pace-in-the-fourth-quarter.html The economy grew much faster than expected in the final three months of 2023, as the U.S. easily skirted a recession that many forecasters had thought was inevitable, the Commerce Department reported Thursday. Gross domestic product, a measure of all the goods and services produced, increased at a 3.3% annualized rate in the fourth …
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
$META insider sales has skyrocketed this quarter, largely because of Zuck pic.twitter.com/kOk2Nv8xwL — PortfolioMeta (@PortfolioMeta) December 22, 2023
by TonyLiberty Costco $COST sold more than $100 Million in Gold bars last quarter. The Gold bars were listed for $2,069.99 an ounce. Members seemed happy, with a 4.9 star rating and 800 reviews on Costco’s website. Read more here: https://www.cnbc.com/2023/12/15/costco-sold-more-than-100-million-in-gold-bars-last-quarter.html
by TonyLiberty 1) Worsening job sentiment indicators suggest that employees are growing more pessimistic about the economy, the labor market, and their ability to find a job. • If job sentiment is weakening, it implies consumers will pull back on discretionary purchases. This can negatively impact GDP growth as spending slows. It also signals potential …
On May 1, the Federal Deposit Insurance Corporation announced that First Republic Bank had failed and that it was being sold to JPMorgan Chase. At the time, JPMorgan Chase was already the largest and riskiest bank in the United States. The sweetheart deal the bank got from the FDIC to take over First Republic included …
From the WSJ: A surge in interest rates likely worsened unrealized losses on bonds and loans held by U.S. banks in the third quarter, further straining their balance sheets as they face pressure to pay more to keep depositors. Unrealized losses were a key cause of Silicon Valley Bank’s failure in March, which spurred other …
The fight against inflation is still ongoing… OPEC just said that global oil markets will face a massive supply shortfall next quarter. They expect a supply shortfall of more than 3 million barrels per day. If OPEC is correct, it would result in the biggest inventory drawdown since 2007. Voluntary production cuts by OPEC… pic.twitter.com/9I1ZPWrzU8 …
by Dismal-Jellyfish Source: https://www.fdic.gov/analysis/quarterly-banking-profile/qbp/2023jun/qbp.pdf Highlights: Net Income Decreased From the Prior Quarter, Driven By Lower Noninterest Income The Net Interest Margin Declined for the Second Straight Quarter Unrealized Losses on Securities Increased Quarter Over Quarter Community Banks Reported Higher Net Income From the Prior Quarter Loan Balances Increased From Last Quarter and One Year Ago …
by Dismal-Jellyfish https://www.federalreserve.gov/releases/g20/current/g20.pdf In June 2023, the total outstanding amount owed was approximately $1,850.9 billion dollars–up 14.7% from May! In the first quarter, the interest rate for new car loans was 6.4% with a maturity of 66 months financing $39,066. For used cars, 15.7% with 66 months financing at $23,537. Wut Mean?: Folks and businesses are …
by Dismal-Jellyfish Source: https://www.reuters.com/business/finance/credit-suisse-posted-4-billion-loss-2q-sonntagszeitung-2023-08-27/ Credit Suisse, which is now a subsidiary of UBS (UBSG.S), posted a loss of 3.5 billion Swiss francs ($4.0 billion) in the second quarter of 2023, according to a report in the Sonntagszeitung, which cited insiders at the bank. Spokespersons for UBS and Credit Suisse declined to comment. Credit Suisse had already …