Independent thinking for complex markets and current events
via Peter Schiff: Good news. The looming US recession has been canceled. Or has it? Just a few weeks ago, Treasury Secretary Janet Yellen said that while economic growth has slowed, “our labor market continues to be quite strong — I don’t expect a recession.” Meanwhile, Federal Reserve Chairman Jerome Powell said staff economists at …
Least affordable housing market so far. h/t Goldenbird666
A Cayuga County man was sentenced to prison Friday for having an unregistered and short-barreled AR-15-style rifle, federal prosecutors said. Duane Hollenbeck, 54, of Moravia, was charged in September after investigators found numerous ghost guns and large-capacity magazines at one of his properties. He was arrested along with Alec D. Hollenbeck, 19, of Lincklaen, Chenango County. Investigators …
via Mike Shedlock: Median new home prices are plunging. What will homebuilders do for an encore to entice buyers? Median new home sales prices vs new home sales, data from the Census Department, chart by Mish Existing homes sales prices remain stubbornly high as measured by Case-Shiller repeat sales of the same home. In contrast, …
or worse, you could be this guy. hard to believe people pay him to invest their money. https://12ft.io/proxy?q=https://seekingalpha.com/article/4584656-apple-dead-money-for-3-more-years h/t Goldenbird666
by confoundedinterest17 The Biden Administration is gushing about Q2’s Real GDP report of 2.4% QoQ. Wow, after trillions of dollars of stimulus spending and The Fed going wild with monetary stimulus, all we got was 2.4% growth?? But let’s turn the cameras on the housing market. Pending home sales crashed -14.8% YoY in June. Is …
by Michael If you are trying to sell your home right now, I feel so sorry for you. Thanks to the Federal Reserve, mortgage rates have risen to very alarming levels, and this has scared millions of potential homebuyers out of the market. Compared to two years ago, the average potential homebuyer is facing mortgage …
by confoundedinterest17 Wasting away again with Bidenomics. US existing home sales crashed by -19% in June, the 23rd consecutive month of declines. At least the median price of existing home sales is decreasing as Fed stimultypto vanishes. Just like inventory for sale has vanished. The face of Bidenomics, code for Federal government reckless green spending. …
by AC Folks, homes are not selling right now.. we had an ok q1 and up to 4 weeks ago things were selling. In most areas I cover we might sell 1-3 homes a week, normally 20+ 10 year yield above 4%! Real estate is still in troubles, new cuts are coming pic.twitter.com/ueubWaam1G — Alessio …
by Chris Black ALL numbers are fake now. Govt data, company earnings, statistics…totally and completely fake. Earnings may be the worst considering people believe them, no normalizing for inflation, and the fact that “audits” these days are completely corrupt. https://twitter.com/CoverDrive12/status/1675570766253834240 Yet every figure out of China shows that demand for Tesla is dropping like a …
Lol…. Musk’s new Twitter Restrictions have unveiled a bunch of Opinion influencing bot armies, and man, are the leftists, Soros Groups P.O’d about it! “Erica Marsh,” a former field organizer for the Joe Biden campaign and Obama Foundation volunteer NEVER EXISTED. IT WAS A BOT BEING RUN OUT OF A “Social Influencer Sales” firm out of …
by laflammaster Selling off their MBS at triple the rate and the house value dropping for the first time since 2011. This could be the start of the sell off.
by confoundedinterest17 Bidenomics? Yes, an economy where inflation crushes the middle class and low wage workers with 2 years of negative wage growth and now 24 or the last 25 months of negative growth rates of Pending Home Sales YoY. After existing home sales were flat and new home sales exploded higher, pending home sales …
via NYPOST: Sales of Bud Light suffered their steepest weekly drop yet since the beer brand launched its disastrous tie-up with transgender social media influencer Dylan Mulvaney, according to the latest data. In the week ending June 17, sales of the Anheuser-Busch brand fell by an eye-popping 28.5% versus a year ago, according to the …
by BoatSurfer600 Borrowers with expiring fixed-rate or tracker mortgages face difficulties, with some saying they will be forced to sell their homes via theguardian For Steven, a media consultant from Guildford, and his wife, the remortgaging nightmare is only beginning. “People like me can’t sleep at night – it’s horrendous,” he says. “The mortgage for …
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 …
https://www.youtube.com/watch?v=u9TBs8-ddmc The nightmare in the retail sector never seems to end, and now Amazon, the second largest online and physical retailer in the world, is giving up on its brick-and-mortar operations, according to a new report and warnings issued by the company’s CEO Andy Jassy. Its stores continue to disappear amid the most dramatic shift …
🇺🇸 US advance real retail and food services sales -2.4% YoY. Retail sales are flat ahead of #recession. pic.twitter.com/H0lh2sE15j — Alex Joosten (@joosteninvestor) June 15, 2023 🇺🇸 US larger corporate bankruptcy filings 286 YTD. Highest since 2010! (Publicly traded companies with at least $2 million in assets or liabilities and private companies with publicly traded …
Hundreds of Thousands of EVs just being left to rot in fields… AC
by confoundedinterest17 Now that I know that the US is building a railroad from the Pacific Coast to the Indian Ocean (according to Resident Joe Negan), I feel so much better. /sarc On the other hand, The Philadelphia Fed’s Business Outlook index for June fell to -13.7. On the positive side, retail sales surprised to …
Diablo translates to ‘devil’ On the day of launch, New York was encompassed in a red tint provoking thoughts of a scene from hell from on lookers https://www.nytimes.com/2023/06/12/technology/diablo-iv-video-game-sales.html Having the Diablo IV billboard in New York City during this wild fire smoke is quite the coincidence: “Welcome to Hell New York” Give the advertising agency …
via naturalnews: Major retailers are sounding alarm bells over the current state of the economy in light of shifting customer demand at their stores as they struggle to find new ways to remain profitable. Big chains like the department store Macy’s and warehouse club Costco report that shoppers are changing their purchases and spending less …
via fortune: Come September, retailers are expected to begin reallocating the limited shelf space by relying on sales data from the preceding months. In Bud Light’s case, that could mean a diminished presence going forward following the controversy over its brief partnership with a transgender influencer, according to Anson Frericks. A president of sales and …