sales

Déjà vu: 2008’s eerie replay in 2024 – manipulated rates, speculative frenzy, collapsing home sales, and economic uncertainties. But this time, missing global saviors.

The specter of the 2008 housing crisis is haunting 2024, echoing familiar themes of manipulated interest rates and speculative asset mania. The belief that “prices only go up” has fueled a dangerous déjà vu, reminiscent of the days preceding the previous crash. As rates rise, home sales volumes collapse, and builders resort to offering incentives …

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Clearance Sales are Going to be Legendary This Year

The most trafficked stores this holiday season were the wholesale discounters like Ollie’s Bargain Outlet and Ross Stores. I don’t know where they ship all the TVs that don’t sell. There are probably shipping containers full of the things rotting in some abandoned parking lot. Wall Street requires ever increasing consumption to fuel lofty stock …

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Alarm! US New Home Sales Crash In November, Despite Plunging Rates (New Home Sales Down -12.2% From October)

by confoundedinterest17 Alarm! New home sales dropped like Biden’s popularity in November, down -12.2% from October. While existing home sales bounced very modestly off record lows in November, it has been the ‘strength’ of new home sales – with buyer heavily subsidized by homebuilders – that has held up the housing market. Of course, investors don’t …

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Sales have COLLAPSED!

Local Ford Dealership has 85 New F150 Trucks. 1 is a 2024, 84 are 2023 Click the link, then click “year” on left side of page. https://www.fordofportrichey.com/new-vehicles/?q=f150&_dFR[type][0]=New The 1st listed is MSRP of $95,911 with a discount of $11,091 for a list price of $84,820. But then in the fine print the dealership adds on …

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Chinese banks speed up bad loan sales amid economic recovery. NPL-backed securities rise 40%, real estate slump. 30% pay cuts, 5% home price decline wipes trillions.

Chinese banks accelerate bad loan sales amid rising consumer defaults in the post-COVID economic recovery. Record issuance of non-performing loan-backed securities, up 40%. Real estate meltdown hits middle-class wealth, with 30% pay cuts, stock and property losses. Households reassess money priorities, facing the impact of a 5% decline in home prices wiping out trillions in …

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Apple halts sales of popular iWatch.

In a statement to 9to5Mac, Apple has announced that it will soon halt sales of its flagship Apple Watch models in the United States. The Apple Watch Series 9 and Apple Watch Ultra 2 will no longer be available to purchase from Apple starting later this week. The move comes following an ITC ruling as part of a …

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What Does He Know?! Buffett Sales Tons Of Stocks, Alarms Economists

Warren Buffett’s firm Berkshire Hathaway sold $28.7 billion of stock in the first three quarters of 2023 in a move that some economists have interpreted as ringing alarm bells for the American economy. According to the company’s earnings, the Nebraska-based firm of the legendary investor and billionaire, known as the Oracle of Omaha, sold a …

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‘Wonder how Airbnb owners will react when they have to sell with pending home sales the lowest in 22 years’

They know pic.twitter.com/y8yh6PPLRb — Life curious 🤔 (@ThelifeCurious) December 2, 2023 Pending home sales in the US have moved down to their lowest level since April 2020, a month where much of US economy was shut down. The housing market is frozen. pic.twitter.com/tg5dDVL24H — Charlie Bilello (@charliebilello) November 30, 2023 Car payments now look like …

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Pending home sales drop to a record low, even worse than during the financial crisis

No one can afford mortgages except the rich. Even upper middle class people can’t afford them now. It’s ridiculous. Pending home sales drop to a record low, even worse than during the financial crisis https://t.co/IP4AWS5sdW — Eldredge Woodworks of Cape Cod (@Josh_Eldredge_) December 1, 2023 Pending home sales, a measure of signed contracts on existing …

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Black Friday sales must be atrocious.

by AC Companies spamming the hell out of the inbox. Cabela’s sent 8, just today. A pet apparel company dropped prices since this morning. Best Buy cleared space for pallets of TV’s and at just after 2PM, not many were missing from the pallets. Black Friday craziness 😃 I’m curious to see how the retail …

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Nvidia’s Suspect Sales Extend Beyond Singapore – Unraveling the Enigma of Significant Figures in Taiwan

There are growing concerns about the legitimacy of Nvidia’s sales figures, particularly in Singapore, as highlighted by various discussions. However, a noteworthy aspect that seems to be overlooked is Nvidia’s substantial sales in Taiwan. The reported sales figures in Taiwan raise eyebrows, considering the projected size of the data center market in the region. Further …

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Binance Directly Manipulated Asset Prices/Volume Via Wash Sales Through Its Subsidiaries

by 2ndSifter TLDR; In a turn of events that should come as a surprise to absolutely nobody, Binance was found to be directly manipulating volume/prices through wash sales by subsidiaries and investor funds. The referenced section is on page 65 of the document linked below. SEC Trial Document Specifically, the document states that Sigma Chain …

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Home prices rise, home sales hit 13 year low; Homebuilder confidence falls for 4th straight month.

via CNBC: Sales of previously owned homes were 4.1% lower in October compared with September, running at a seasonally adjusted annualized rate of 3.79 million units, according to the National Association of Realtors. It was the slowest sales pace since August 2010. Analysts were expecting a smaller drop, to 3.9 million units. Sales were down …

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Auto Industry at Crossroads: Sales Remain Steady Amidst Rising Rates and Margin Compression Challenges

The car market in a nut-shell: 1) Interest rates at 20-year highs. 2) Consumer savings depleted. 3) Vehicle prices slowly normalizing (with some exceptions). And yet… sales volumes are fine. The real looming issue in the industry right now? Undoubtedly margin compression.… — Car Dealership Guy (@GuyDealership) November 21, 2023

Biden’s Housing Market! Existing Home Sales Crash To Slowest Since 2010 (-14.6% YoY), Hit Record Low In The West (Simply Unaffordable)

by confoundedinterest17 Even Biden’s press secretary Karine Jean Pierre admitted that all the slogans and hype about Bidenomics is a losing message. The economy is terrible for the middle class and low-wage workers. But excellent for the 1% donor and political elite class. But housing is very important to the middle class … and housing is …

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Cardboard Box Sales Collapse, Plummeting by 80%

Cardboard box sales dropped 80% ahead of the Christmas Holiday Season. Dr. Elliot explains @ 1:30 minutes in… People are way scaling back on Christmas. Infact, more and more families have set a limit on the ages of people that can receive a gift. It is usually now reserved for those under 14 years old. …

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Walmart’s 8% Plunge Highlights Sharp Falloff in Retail Sales as Many Consumers Struggle Amid Lingering Inflation and Jobless Claims Surge

Walmart ($WMT) experiences an 8% decline as CFO expresses concern over October trends, prompting a reevaluation of consumer health. The retail giant notes a significant sales drop in the last two weeks of October, and management remains cautious, acknowledging ongoing strain on consumers. Despite inflation easing towards 3%, the lingering impact is evident, compounding on …

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Economic Alarms Ring: S&P 500 Margins Dip, NFIB’s Sales Deteriorate, Companies Signal Weak Demand, Yield Curve Again Inverts

The economic landscape is marked by several concerning indicators, as evidenced by the S&P 500 margins trending lower, reflecting potential challenges for companies. The National Federation of Independent Business (NFIB) reports a deterioration in sales, indicating a worsening scenario for small businesses. Additionally, a growing number of companies are expressing concerns about weak demand, adding …

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Urgent Economic Distress: Eurozone Faces Plummeting Sales and Savings, Germany’s Industry in Recession

Eurozone data paints a bleak picture of economic distress: retail sales plummet, wages pose risks, but savings have drained, financing is tight, and uncertainty looms, likely leading households to curb spending. Germany’s industry remains in a slump, facing weak demand and declining production. Despite a glimmer of hope in high order stocks, urgent concerns persist …

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Automaker Bigwigs Finally Admit EV Sales Are in Jeopardy. The Senate Has Enacted A GOP Resolution To Overturn Biden’s EV Charger Rule.

via Natural News: Earlier in October, several car manufacturer executives acknowledged that their ambitious electric vehicle (EV) plans are in jeopardy, at least in the near term, Business Insider reported. Dealers have been warning of slowing EV demand, growing inventory and dropping sales for months. Several of the auto bigwigs at some of the biggest carmakers expressed discomfort …

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US Pending Home Sales Fell 7.1% In August, Near Record Low (Down 11% YoY Under Bidenomics As Mortgage Rates Highest Since 2000)

by confoundedinterest17 Bidenomics is the gift that keeps on giving … if you are one of the top 1% of income. But if you are in the middle class, Bidenomics is like a horror movie. Pending home sales fell 7.1% in August 2023, with all four regions of the U.S. posting month-over-month and year-over-year declines …

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Bidenomics! New Home Sales Exploded In September, As Homebuilders Eat Soaring Mortgage Costs (Highest Mortgage Rate Since 2000 And Still Plenty Of Fiscal Stimulus Distorting The Market)

by confoundedinterest17 Bidenflation, a name for the combination of reckless Federal spending and excess monetary stimulus related to Covid, is still causing severe pain for the middle class. The massive Federal spending splurge is still working its way through the economy and causing distortions, like surging new home sales despite higher mortgage rates. Some background …

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DOJ proposes crackdown on gun shows, Internet sales

As part of President Biden’s gun control agenda and a bipartisan gun safety law passed in 2022, the Department of Justice proposed new rules Thursday to crack down on unregulated firearm sales. The new regulations at the Bureau of Alcohol, Tobacco, Firearms and Explosives would clarify the language required for licensed gun sales and when …

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