Independent thinking for complex markets and current events
The amount of money most workers want now to accept a job reached a record high this year, a sign that inflation is alive and well at least in the labor market. According to the latest New York Federal Reserve employment survey released Monday, the average “reservation wage,” or the minimum acceptable salary offer to …
Economy and stock market is about to melt down. People have no savings left and cannot keep their heads above the rising tide of inflation. https://twitter.com/_/status/1692500764524986609 SAN FRANCISCO (KGO) — This week, for the first time, American credit card debt surpassed $1 trillion. Getting into credit card debt at any time is not good, but …
#China suspends youth jobless data after record high readings. The decision announced shortly after the release of weaker-than-expected factory & retail sales data sparked rare backlash on social media amid growing frustration about employment prospects in the country.… pic.twitter.com/KSsSdOIxM7 — Holger Zschaepitz (@Schuldensuehner) August 15, 2023 Cutting rates because they are about to experience a …
Rents in Manhattan hit a new high in July, as higher interest rates and low supply continued to drive up prices. The average monthly rent in July was $5,588, up 9% over last year and marking a new record. Median rent, at $4,400 per month, also hit a new record, along with price per square …
Image via creative commons From Peter Reagan at Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: A primer on central bank gold buying, what an expansion of the U.S. money supply will mean for gold, and India’s renewed efforts to …
via SkyNews: ‘NHS data: Number of people waiting to start routine hospital treatment in England at record high In its latest release of data, NHS England said 7.6 million people were waiting to start treatment at the end of June, up slightly from 7.5 million in May. It is the highest number since records began …
DYSTOPIAN ALERT: Autonomous surveillance robots that film and record 360 degrees begin patrolling Ohio🚨🚨🚨 Try those in San Francisco, Los Angels, NYC and see how long they last. 😂 🔊 pic.twitter.com/8BfcOvTmjd — Wall Street Mav (@WallStreetMav) August 9, 2023 A shopping mall in Ohio is integrating cutting-edge AI technology into its safety team in the …
via discernreport: Despite significant selling by Turkey that slowed net central bank gold buying in the second quarter, central banks added a record amount of gold to their reserves through the first half of 2023. Net central bank gold purchases totaled 387 tons through the first half of the year, according to data compiled by …
BREAKING: Usage of the Fed's emergency bank bailout facility is now at a new record high at $106 billion, per Bloomberg. — unusual_whales (@unusual_whales) August 3, 2023 https://twitter.com/NorthmanTrader/status/1687201706369785856 h/t Simian_Stacker
Just in from NASA satellites: – July 2023 was NOT the warmest month on the satellite record… an honor still held by February 2016. – July 2023 was about as warm as April 1998. Not that average global temp is meaningful or that we know it to such precision. pic.twitter.com/RWHVra6SAB — Steve Milloy (@JunkScience) August …
Alarming Financial Stats of 2023: – U.S debt at record high – Interest expense on U.S debt to reach a record $1 trillion annually– Credit card debt at record high – Average credit card interest rate at a record 20.69% These are records we don’t want to be setting 🙈 pic.twitter.com/B5Aoaj4FFV — Genevieve Roch-Decter, CFA (@GRDecter) August 2, …
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 …
Zillow has gone full-blown housing bull. Zillow expects U.S. home prices to rise 6.3% between June 2023 and June 2024. Among the 200 largest housing markets, Zillow thinks 48 markets will see a jump of 7.0% or greater pic.twitter.com/ibsa0ivR3V — Lance Lambert (@NewsLambert) July 28, 2023
by 2201992 https://www.newsweek.com/trumps-new-charges-mar-lago-documents-case-explained-1815884 America has never had two simultaneous incidents of a sitting President arresting his political opponent during a election season, while simultaneously being under bribery investigations for foreign interference. This is as close to Civil War that the American government will ever get. The weaponization of government is being used against both sides. …
On Monday, July 24th at 6:00 p.m. The Manatee Bay buoy recorded a sea surface temperature of 101.1° F. If verified, this would break the standing world record for hottest sea surface temperature of 99.7° F recorded in Kuwait Bay. This comes as the Florida Keys and surrounding areas are under a marine heat wave …
A very ugly reversal for stonks today. Media pundits scrambled to figure out why the Dow didn't have a record 14th up day in a row. Probability .00001%. When it's going to happen it happens, and media bystanders attach a headline, to seem intelligent. pic.twitter.com/QVQqpuOsgN — Mac10 (@SuburbanDrone) July 27, 2023 Another significant selloff in …
via mishtalk: The more you think you really need a loan, the less likely you are to get one, especially auto loans. Data from New York Fed Survey of Consumers, chart by Mish New York Fed Credit Access Survey report comes out every for months. The June report shows significant tightening of credit standards by lenders and …
via Alex Kimani: The global energy crisis triggered by Russia’s war in Ukraine exposed Europe’s extreme vulnerability due to the continent’s over-reliance on Russian energy commodities, especially natural gas. Europe responded with overkill, with the continent managing to store so much gas that it emerged from the last winter season with more than enough gas …
by TherealMicahlive Caption: They are claiming that hiding the data is for OUR PROTECTION! GTFO! WE NEED COMMENTS ON THIS!
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 …
via behindtheblack: This story is simply another data point in a well known trend that became very clear during and after the panic over COVID: The populations of cities run by Democrats are dropping faster than ever before, as citizen flee these badly run crime-ridden hellholes where only honest citizens get punished for defending themselves. The number …
via Bloomberg: Inflation, higher interest rates and declining real estate values are worsening wealth inequality in Canada, with younger households bearing the brunt of the financial pain. The richest 20% of households controlled 67.8% of net worth in the country in the first quarter, while the bottom groups accounted for 2.7%, Statistics Canada reported Tuesday …
by Reduntu Recessions Shaded. Red line is current status, +30% YoY What are continued claims? Each week, the government releases a count of how many unemployed people continued to claim unemployment insurance for another week. When this number increases, it means currently unemployed people are staying unemployed instead of finding jobs and re-entering the workforce. Historically, every time …
by Chris Black The weather is your fault. And now it’s time to pay big time. SOUTHERN US DANGEROUS HEAT DOME EXPANDINGhttps://t.co/oVcnAgLv0e#heatwave #climatechange #globalwarming pic.twitter.com/0rW02tYjao — Peter D Carter (@PCarterClimate) June 27, 2023 Latest ‘heat dome’ event over Texas and Louisiana, plus much of Mexico, driven by human-cause climate change, scientists find https://t.co/8FE6T52cZG — Svein …
Printing up endless bailouts to keep kicking the can down the road – seems like a sustainable long-term economic model Is there anything left unbailed? Energy bills, mortgages, pensions, food stamps, universities, utilities,… What is this system that runs on continuous bailouts? https://t.co/vpWI8ysGHX — KKGB (@INArteCarloDoss) June 26, 2023 What is #Bidenomics? In a word, …
Engineering faculty at The Ohio State University are taking proactive steps to address the shortage of skilled workers in the semiconductor industry as the U.S. sees record investment in the field of microelectronics. At OSU’s Nanotech West lab facility, students are already learning what it takes to create and assess their own semiconductors. “I like …
by confoundedinterest17 The US is Living La Vida Biden (living the Biden life!) Which means you are making millions if you are a political elite, but suffering if you live on Main Street. And regional banks (not the TBTF national banks) continue to suffer. The Bank Term Funding Program (1 of 2) is skyrocketing as The …
by Simian_Stacker pic.twitter.com/mMlY5N4k2S — The Punisher (of Wall ST) (@GregCrennan) June 14, 2023 It's official! The S&P 500's (SP500) longest bear market since the 1940s has come to an end. The benchmark index closed up 0.6% to 4,294 on Thursday, vaulting it back into bull territory with a 20% advance from its October low….. go …
by BoatSurfer600 Google searches for “bull market” are at a record high from 2004. Note that gamblers were right in 2020 compliments of the massive Fed bailout. In 2008, they were four months early and took another -40% drawdown. This time, they are coming in at the end of the cycle. For maximum pain Source …
