Independent thinking for complex markets and current events
"Sales of existing homes fell 1% month over month and 3.1% year over year in August—to a seasonally adjusted annual rate of 4,042,369. That’s the lowest level in records dating back to 2012, with the exception of May 2020."@Redfin pic.twitter.com/mreQ5WMFjy — Daily Chartbook (@dailychartbook) September 23, 2024 The Zillow Home Value Index for all homes …
Chevy, Ford and RAM have been screwing American truck buyers for years, and now their insane price gouging is finally catching up to them. Truck prices are out of control and now dealerships are having to give massive discounts just to sell the trucks they have on the lot. Ford sales are so slow that …
by confoundedinterest17 More evidence of how destructive Biden/Harris economic policies have been. The NAR data show existing home sales down 2.5 percent in August to a 3.86 million unit seasonally adjusted annual rate after a small upward revision to 3.96 million units in July. US existing home sales fell in August to near 14-year lows. …
https://www.youtube.com/watch?v=b3sCMX0dvbY h/t Captain Woodrow F. Call
Samsung Electronics, the world's top maker of smartphones, TVs and memory chips, is cutting up to 30% of its overseas staff at some divisions, three sources with direct knowledge of the matter told @Reuters. Read more https://t.co/U07j1AM2pe pic.twitter.com/imSKS6qwyq — Reuters Asia (@ReutersAsia) September 11, 2024 Samsung is reportedly planning to announce some major layoffs worldwide …
Country Garden Holdings Co.’s sales slump dragged on in August, exacerbating the Chinese developer’s liquidity woes as it battles a wind-up petition. Contracted sales for August declined 57% from a year earlier to 3.43 billion yuan ($483 million), following a 72% drop in July, according to an exchange filing on Thursday. The poor sales underscore …
It’s simple. It’s been almost 2 years and no one can figure out how to make money off of AI. You can’t sell chips forever to people who aren’t making money. https://t.co/jLo6C7dRHT — Dr_Gingerballs (@Dr_Gingerballs) August 30, 2024 Are you serious? Yikes. I hope I never have to work with you. — Dr_Gingerballs (@Dr_Gingerballs) August …
https://twitter.com/RaymieMark/status/1829162596492292106 What stage? https://t.co/nl1mq3RFPD — KKGB (@INArteCarloDoss) August 29, 2024 Pending Home Sales in the United States decreased 8.50 percent in July of 2024 over the same month in the previous year.https://t.co/NHmalX7Rux pic.twitter.com/WOKdO4kX1W — TRADING ECONOMICS (@tEconomics) August 29, 2024 The other sectors of the economy are pulling the rest of the weight, buoyed by …
Despite interest rates coming down, buyers are not returning to the housing market and inventory continues to build across the country. In some parts of the U.S. we are seeing inventory levels jump beyond pre-pandemic levels and nationwide inventory levels are nearly back to pandemic as well. How low interest rates have to go to …
Wait, the retail sales data is fake?! 🤯😏 https://t.co/rb4jI96ZGh — Financelot (@FinanceLancelot) August 17, 2024 Every restaurant in my area is dead on Friday and Saturday nights now. Never seen it so quiet, even back in 2008/2009 — Financelot (@FinanceLancelot) August 17, 2024
Do they want to dress it up for sale again?They were heading that way last year. Subway clamps down on franchisees as fast-food giant eyes $8B sale (2023) (NY Post Feb 2023) According to sources, Subway wants to consolidate ownership under a few large operators and shift away… pic.twitter.com/3ox4XqZdTq — floridanow1 (@floridanow1) August 15, 2024
by Odd_Personality_1514 We’re in the middle of trying to sell our home here in southern Miami – Kendall. Just one year ago you couldn’t find a home to buy. Whenever a home went up, it’d sell in days, after bidding wars. Today, there still aren’t that many homes for sale, but the buyers have evaporated. …
Guy with 400 credit and borrowed down payment threatens dealership sales guy because he offers him an SXT instead of a hellcat lol 40 years of ZIRP have made broke Americans delusional pic.twitter.com/arPrrm6oAh — Darth Powell (@VladTheInflator) August 3, 2024 OMG https://t.co/RJygSkxWJA — Darth Powell (@VladTheInflator) August 10, 2024
COLUMBUS, Ohio — Customers lined up at dispensaries across Ohio on Tuesday for the first day of recreational marijuana sales in the state. Nearly 100 medical marijuana dispensaries were authorized to begin selling recreational marijuana to adults after receiving operating certificates this week from the state’s Division of Cannabis Control. Jeffrey Reide camped out in his …
Not only did existing home sales continue to collapse with lower interest rates, they're now collapsing FASTER pic.twitter.com/qSIq8XSrTQ — Darth Powell (@VladTheInflator) August 7, 2024 US Mortgage Rates Tumble to 6.55% in Biggest Drop in Two Years
by Shock2k McDonald’s same-store sales fall for 1st time since 2020 | AP News https://apnews.com/article/mcdonalds-second-quarter-earnings-b4cf6976a8688796b75404f178c5798b The increase was due to a 40% Increase in paper, food, and “labor” (the robots McD’s workers got canceled) prices. Though the number of customers declined, the sales decreases weren’t as steep because of the higher prices. I’m not sure …
Rising prices of feminine hygiene products, outpacing even food inflation, are forcing many American women to make difficult choices between purchasing menstrual supplies and other essential items. This price increase has led to a significant decline in sales of pads and tampons since 2020, with unit sales dropping by 12% and 16% respectively. Major manufacturers …
Tennessee boutique owner says giant Biden campaign sign above store caused sales to plunge, sparked ‘nasty’ threats https://t.co/hR9koW4OXQ pic.twitter.com/GYEKNqcASs — New York Post (@nypost) July 18, 2024 It’s a sign of the times. A Tennessee boutique owner wants landlords to remove a giant Joe Biden campaign banner from above her shop — saying it caused …
Washington must respect Beijing’s core interests if communication is to continue, Chinese foreign ministry says. China has cut off arms control and non-proliferation talks with the United States because of Washington’s arms sales to Taiwan, the Chinese foreign ministry said on Wednesday. “China has decided to suspend talks with the US on holding a new …
via Mike Shedlock Nonstore sales (think Amazon) were up 1.9 percent from a month ago. Motor vehicles and parts fell 2.0 percent. This behavior has been ongoing since April of 2022. Retail sales from the commerce department, chart by Mish The Bloomberg Econoday consensus expected retail sales would decline by 0.3 percent in May. Instead, …
Even $2Tn deficits not working? — Chart Cruncher (@NaughtonPaolo) July 16, 2024 Consumer loans delinquencies are steadily marching higher Unemployment is creeping up Corporate profits are cooling off pic.twitter.com/CsTOmBbGlm — Win Smart, CFA (@WinfieldSmart) July 15, 2024 Trucking Employment Continues to Decline The latest data on trucking employment paints a concerning picture for the transportation …
A new report from Circana shows that US spending on video game hardware, content and accessories declined by 6% in May to US$3.97 billion, a difference of nearly US$300 million compared to the same month last year. All sectors of the industry were affected, with hardware spending dropping 40% to US$202 million. Mat Piscatella, Circana’s …
The Idaho Central Credit Union (ICCU) recently faced scrutiny due to their member agreement that initially prohibited using ICCU accounts for firearm and ammunition purchases. However, after receiving feedback and feeling the heat, they promptly revised their terms and conditions. Gone is the verbiage prohibiting firearm and ammunition purchases, crypto, and controlled substances. However, ICCU still prohibits using …
Meanwhile new car inventory looks like a rocket ship https://t.co/xCj5YuJXlS pic.twitter.com/yvUdx69WGl — Darth Powell (@VladTheInflator) July 10, 2024 People are not buying new cars: People don’t have money New Cars/trucks still so expensive (and increasing the last 5 years) High interest rates Harder getting a loan etc Dealers have 150 days supply Dealers full of …
The UK mandates that 22% of manufacturers’ vehicle sales must have zero tailpipe emissions this year, rising to 80% by 2030. Dealers face £15,000 fines for each non-compliant vehicle sold, while EVs only made up 16% of sales in the first five months. Most EV purchases are by corporate fleets, with actual retail demand likely …
The national Association of realtors has been keeping track of pending home sale data since 2001 and May 2024 was literally the worst month on record since then. Pending home sales have now fallen into an all-time low in this supposedly fantastic housing market. I think the data speaks for itself and shows how few …
SACRAMENTO, Calif. — Beginning Monday, a California law will require credit card networks like Visa and Mastercard to provide banks with special retail codes that can be assigned to gun stores in order to track their sales. But new laws will do the exact opposite in Georgia, Iowa, Tennessee and Wyoming by banning the use …
BREAKING: Nike stock, $NKE, is now down over 17% today after projecting a 10% decline in revenue for the current quarter. Nike now expects 2025 sales to fall mid-single digits, compared to estimates of a 0.9% increase. It also saw traffic in China decline across all channels… pic.twitter.com/k3ALg2s9a0 — The Kobeissi Letter (@KobeissiLetter) June 28, …
China’s annual “618” mid-year e-commerce sales festival recently experienced a decline in sales for the first time in eight years. This event, which is China’s second-largest in terms of annual sales, serves as a barometer for household consumption. According to data from Syntun, the gross merchandise value (GMV) during this year’s 618 festival fell by 7% …
by confoundedinterest17 I am no forune teller, but this doesn’t look to good for old Joe (Biden). Existing home sales fell -2.8% YoY in May. US existing home sales fell for the third straight month in May (-0.7% MoM vs -1.0% exp). This left home sales down 2.8% YoY (YoY sales have not increased since July …