A hub for independent voices and hard truths
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 …
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 …
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 …
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 …
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 …
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 …
🌍 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 🇨🇳 …
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 …
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 …
This printer has never been this hot pic.twitter.com/SmP8OF8jwP — GALAVIS (@FedericoGalavis) October 5, 2023
by confoundedinterest17 Freddie Mac’s mortgage rate is up to 7.31%, the highest level since December 2000. That means that mortgage rates are up 69% under Biden. That is in spite of $2.5 TRILLION in agency MBS being held on The …
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 …
The Fed can’t print oil, & Brandon has drained the Strategic Petroleum Reserve via theguardian: Oil prices are on track to reach $100 a barrel this month for the first time in 2023 after surging by almost 30% since June, …
“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 …
Sales of previously owned homes dropped 2.2% in July from June to a seasonally adjusted, annualized rate of 4.07 million units, according to the National Association of Realtors. Sales were 16.6% lower compared with July of last year. Homes sold …
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 …
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 …
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) …
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 …
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, …
via notayesmanseconomics: Today is the morning after the night before and let me hand you over to the Financial Times to explain why. The Federal Reserve raised its benchmark interest rate by a quarter of a percentage point on Wednesday …
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 …
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 …
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) …
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 …
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? …