rises

The Truth About Biden’s Awful Jobs Report And Rising Credit Card Delinquencies (Weakest Jobs Report For January On Record, 90+ Day Delinquency Rate Rises To Almost 10%)

by confoundedinterest17 I think the Biden Presidency is nicely summed-up by Biden confusing France’s President Macron with former French President Mitterand. Particularly since Mitterand died in 1996. Is Biden seeing dead people?? Anyway, the Biden economy and his Bidenomic strategy is based on massive debt expansion, both public and private debt. Household Debt reached $17.5 Trillion in Fourth Quarter; …

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S&P Global: Service Sector Expands, Manufacturing Contracts; Business Confidence Rises.

S&P Global: composite PMI shows service sector expansion outpacing manufacturing contraction w/ business confidence rising and fastest private sector growth in 6 months, though still very low by historical standards – we’re basically coming off near-zero: S&P Global: composite PMI shows service sector expansion outpacing manufacturing contraction w/ business confidence rising and fastest private sector …

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Ford Indicators Flash Serious Recession Signals as Probability of Contraction Rises

The probability of an outright contraction keeps getting higher and higher with each successive release. Ford projecting a *30%* decrease in commercial chassis orders: What this means: If you're ordering fewer chassis, you're likely producing fewer vehicles. But 30% is a big number. Image below is a layoff notice (WARN) filed by one of Ford's …

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Dow rises more than 100 points to close above 38,000 for the first time ever, setting another new record. S&P 500 also sets record high

Stocks rose Monday as investors built on the previous session’s historic move to record highs. The Dow Jones Industrial Average climbed 138.01 points, or 0.36%, to finish at 38,001.81. Monday’s gains pushed the blue-chip average to a new record and above the 38,000 level for the first time. The S&P 500 added 0.22% to 4,850.43, …

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BREAKING: December CPI inflation rate rises to 3.4%, above expectations of 3.2%… Can the Fed really pivot right now?

BREAKING: December CPI inflation rate RISES to 3.4%, above expectations of 3.2%. Core CPI inflation fell to 3.9%, above expectations of 3.8%. This is the 33rd consecutive month with inflation above 3% and first jump since September. Can the Fed really pivot right now? — The Kobeissi Letter (@KobeissiLetter) January 11, 2024 Breaking down the …

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German energy policy consequences: Shift away from cheap energy impacts competitiveness, factories close, dependence on Chinese steel rises.

Insane German energy policy has consequences. If you put radical left wing socialists and Green (communist) parties in control of your govt, this is what happens. They shut down all cheap energy and then your factories are no longer competitive and they close. Without cheap… https://t.co/Hcp1I64ufY — Wall Street Mav (@WallStreetMav) December 21, 2023

Global Supply Chain Pressure Index rises; Suez and Panama canals affected, China restricts rare-earth exports, heightening short-term goods inflation concerns.

🌍 Global Supply Chain Pressure Index rising. “Two continental shipping passages, the Suez and Panama canals, are suffering from obstructions to trade traffic.” Not good for short-term goods #inflation. H/t: @FinancialTimes pic.twitter.com/FBwiN1DIF1 — Alex Joosten (@joosteninvestor) December 21, 2023 🇨🇳 China Bans Exports of Some Rare-Earth Processing Technologies China accounted for more than two thirds …

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Nationalism Rises: Thousands March in São Paulo Urging Bolsonaro’s Return

In a powerful display of patriotism, thousands of Brazilians flooded the streets of São Paulo today, demanding the return of their leader, President Jair Bolsonaro. The fervor for nationalism appears to be on the rise, echoing sentiments of citizens worldwide who seek strong, assertive leadership. "Come back, Bolsonaro!" Thousands of Brazilian patriots marched in the …

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Addicted To Gov? US Added $600 Billion In Debt In One Month And $10.47 TRILLION Since Covid Outbreak, Credit Card APR Now 28.93% As Credit Card Debt Exceeds $1 TRILLION, Family Healthcare Costs Surge 7% To $24,000, Q3 Real GDP Rises 4.9%

by confoundedinterest17 Bidenomics new theme song is “Addicted To Gov.” Bidenomics needs lots of Federal spending and borrowing to survive. But all this spending and borrowing is causing rapid price increases and other distortions. The US Federal government just added $600 billion in debt in ONE MONTH. And The Fed’s have borrowed $10.47 TRILLION since Covid in Q1 …

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As inflation rises and Americans struggle illegals are working off the books, living RENT FREE in 5 star hotels saving thousands of dollars

via NYP: Thousands of migrants who flocked to the Big Apple from the US border are making ends meet by working in the illegal underground gig economy — while enjoying the benefits of being shacked up at taxpayer-funded hotels and shelters. The Post spoke with 36 migrants over a five-day period, of which 65% said …

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US Economy Expands 2.1% In Q2, Less Than Advance Estimate . US 2Q Core PCE Price Index Rises At A 3.7% Annual Rate

“US ECONOMY EXPANDS 2.1% IN Q2, LESS THAN ADVANCE ESTIMATE”: This means that the U.S. economy’s Gross Domestic Product (GDP) grew at an annualized rate of 2.1% during the second quarter (Q2) of the year. However, this growth rate was lower than what was initially estimated in the advance estimate. Ok? “US 2Q CORE PCE …

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10-year Treasury yield rises due to stronger economic data, causing significant headwind for equities. De-risking signals across leading industries and sectors.

The 10-year Treasury yield has been rising aggressively on the back of stronger-than-expected economic data This is a major headwind for equities pic.twitter.com/C0Xc2ZAf8x — Bravos Research (@bravosresearch) August 14, 2023 https://twitter.com/WinfieldSmart/status/1691087531813515264 #Bonds are starting to look bad… US Treasury term premia (black) are breaking higher and pushing 10y yields up (orange). This isn't good for …

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US CPI inflation rate rises to 3.2% in July, below expectations, and core inflation at 4.7%, marking the first monthly increase since 2022.

The Fed has been clear that 2% is their inflation target. Now, we have inflation rising again and hovering near the 3% mark. Will the Fed raise their inflation target or will they finally get it under control? Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) August 10, …

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Bidenomics! M2 Money Velocity Rises … To Almost Pre-Covid Levels, Fed Balance Sheet Remains Above $8 TRILLION (Biden Energy Secretary Secretly Consulted Top Chinese Energy Official Before SPR Release, Sales To Hunter Biden-Linked Chinese Energy Giant)

by confoundedinterest17 I wonder which season the US economy is in, according to President “Chance the Gardener” Biden. If you believe the recovery talk (from the reckless Covid economic and school shutdowns of 2020), all is well in the (economic) garden. For example, M2 Money Velocity (GDP/M2), is almost back to where it was just …

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Peter Schiff: 30-year Treasury yield rises, inflation expectations unanchored; Fed must act.

https://t.co/L7Cj8NMaIm — Win Smart, CFA (@WinfieldSmart) August 3, 2023 Good Morning Everyone! Billionaire hedge fund manager Bill Ackman is making a bold move! He's shorting 30-year Treasury bills using options, and he predicts yields could skyrocket to 5.5% 'soon'. His strategy is a hedge against the impact of long-term rates on stocks in “a world… …

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American credit rejection rate rises to 21.8%, highest since June 2018, indicating tougher borrowing conditions.

Credit Crunch Alert! Rejection rate for Americans applying for credit – whether it’s a mortgage, new car loan, or a credit card – increased to 21.8%, the highest level since June 2018.  Borrowing money is getting tougher, folks! — Genevieve Roch-Decter, CFA (@GRDecter) August 2, 2023 https://t.co/KWFwz5TumF — Genevieve Roch-Decter, CFA (@GRDecter) August 2, 2023 The …

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Home price-to-income ratio surpasses 2008 housing bubble. US median home price rises 38% since 2020, mortgage rates is up from 2.7% to 7.1%. They will kill houses?

https://t.co/HalIfhU6gE — Win Smart, CFA (@WinfieldSmart) July 19, 2023 The median home price in the U.S. is up ~38% since 2020. The average interest rate on a 30-year mortgage is up from 2.7% to 7.1% in ~2.5 years. The average mortgage payment on a 30-year mortgage is now $2,900. Could you afford to buy your …

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Jobs Friday! Only 209k Jobs Added In June, Avg Hourly Earnings Rises 4.4% YoY, Too Bad Core CPI YoY Still At 5.3%! (Silver UP Almost 2% This AM)

by confoundedinterest17 After yesterday’s surprise ADP jobs report, I was expecting a better June jobs report. But alas, today’s job report was a disappointment. Only 209k jobs were added in June. On the other hand, average hourly earnings YoY rose slightly to 4.4%. Too bad core inflation at the last reading was 5.3% YoY. Here is …

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Biden’s Mortgage Market! Mortgage Demand Rises 7.2% In Latest MBA Mortgage Application Print, But Still Purchase Demand Still Down 27% YoY And Refi Demand Down 41% YoY

by confoundedinterest17 The Fed will annouce a pause at today’s FOMC meeting, so don’t look for mortgage rates to do much today. Mortgage applications increased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 9, 2023. The Market Composite Index, …

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British heart foundation – Number of UK people with heart rhythm condition rises by 50% in a decade

The number of people diagnosed with a heart rhythm condition that puts them at increased risk of a stroke has now passed 1.5m for the first time, according to our new figures. Our medical director Professor Sir Nilesh Samani, Medical Director, said: “These figures show a quite astonishing rise in the number of people diagnosed …

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May Jobs Report Adds 339k Jobs, But Unemployment Rate Rises To 3.7% (Avg Hourly Earnings Cool To 4.3% YoY, Too Bad Core Inflation Still Sizzling At 5.5%)

by confoundedinterest17 The May jobs report is out and, under normal circumstances, would led The Fed to raise rates. But these are not normal times, my friends. The US economy (allegedly) added 339k jobs in May. That is the good news. The not-so-good news? A large diverengence between the Establishment survey and Household survey. +339k versus -310k. What’s it going to be? The bad …

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