A hub for independent voices and hard truths
by confoundedinterest17 Joe Biden could barely eat his dinner at the White House Correspondents’ Dinner. And we think he is calling the shots in The White House?? Oh well. Perhaps it is Treasury Secretary Janet Yellen or Klaus Schwab of the World Economic Forum. In any case, Treasury bond issuance in 2024 …
As economic indicators flash warning signs, the Sahm Rule and Goldman Sachs McKelvey indicator converge to declare the onset of recession since October 23, 2023. With employment outlooks turning bleak, early business surveys hint at a downturn in both manufacturing and services sectors for April, casting a shadow over the …
by confoundedinterest17 Manufacturer’s Durable Goods New Orders growth peaked in April 2021, thanks in part to M2 Money Growth peaking in February 2021. And its been all downhill since then. Preliminary March data showed a slightly better than expected 2.6% MoM rise (2.5% exp) in the headline orders print. However, thanks to …
via Zerohedge: Total money-market fund assets plunged by $112BN in the last week as Tax-Day demands took the total assets below $6 Trillion for the first time sine January (to $5.97 Trillion)… Source: Bloomberg Corporate taxes collected from April 11 through April 17 totaled $100.7 billion, Treasury data show. While Tax-Day’s …
In a revelation that shatters conventional wisdom, the correlation between the S&P 500 performance and the Fed’s balance sheet since the Global Financial Crisis remains eerily stagnant. Beneath the surface lies a stark truth: the apparent market growth is a mirage, sustained solely by the relentless influx of liquidity orchestrated …
Pomona College’s priorities are crystal clear: bloated administration while faculty support shrinks. What a disgrace! Since 1990, Pomona College# of students: +17%# of tenured faculty: -3%# of administrators: +454% via @washingtonpost pic.twitter.com/CFXB6vOz41 — John Arnold (@johnarnold) April 23, 2024
by confoundedinterest17 I said over and over again, Bidenomics will be a drag. Larger cracks are appearing in the US commercial real estate market at a time when uncertainty around the regional bank industry flashes red. The latest report from real estate data provider ATTOM shows CRE foreclosures topped 625 in March, …
Florida’s housing market is facing a storm as price cuts hit record levels, signaling potential price drops and posing challenges for both buyers and sellers alike. Key Points: Price cuts in Florida have surged to their highest level since the Global Financial Crisis (GFC). In March 2024, 30.1% of all …
Gold prices tumbled on Monday as investors weighed up fading geopolitical tensions eased and investor appetite swung towards stocks and other perceived riskier assets. Gold based on continuous prices (GC00) (GCM24) fell $39.50, or 1.6%, to $2,374.50. That percentage drop is the biggest one-day decline since Dec. 4, 2023 when …
#recession … #Tech Bubble 2.0 edition #ArtificialIntelligence $SMCI 📉 ☠️ https://t.co/aMbJZAmuol pic.twitter.com/TzrnPdiFGR — Invariant Perspective (@InvariantPersp1) April 19, 2024 🚨BREAKING STOCK NEWS📉 : Super Micro Computer (SMCI) Stock CRASHES -15% Amid Financial Result Concerns – $SMCI reached its peak on the day of the ODTE white paper bubble release in …
Nation’s first high-speed rail project continues to expand, creating over 10k jobs: ‘We couldn’t build this system without them’ Californians have been waiting for a high-speed rail network since it was first proposed in 1979, and after many fits and starts, it appears that the project is finally gaining steam. …
Cocoa and coffee still on a tear – coffee is up 120% since Jan 2023, cocoa up 340%! pic.twitter.com/5hVBkiCg9O — Longview Economics (@Lvieweconomics) April 19, 2024 Is Chinese copper demand about to fall off a cliff? See our latest Commodity Fundamentals Report for detail pic.twitter.com/zFzhb5tSI2 — Longview Economics (@Lvieweconomics) April …
“Plans to stop young people born since 2009 ever smoking are being debated and will be voted on later. Rishi Sunak’s bill aims to create the UK’s first smoke-free generation in a major public health intervention. The Tobacco and Vapes Bill would ensure anyone turning 15 from this year would …
by confoundedinterest17 Come feel the noise! After steady growth in 1-unit housing starts under Trump, housing starts have been eratic under Biden despite the foreign invasion force of millions … of low wage workers. The roller-coaster ride in housing permits, starts, and completions in the last few months is set to …
DJT stockholders have lost 63% since it went public. Nobody is buying, only selling. It's going to drop a LOT more when Trump starts dumping. Unless Russia or Saudis start buying to prop him up. Trump Media Sinks 15% After Registering Shares, Warrantshttps://t.co/3HoXZfTELz — John Oberlin (@OMGno2trump) April 15, 2024 …
The precipitous decline in the value of a prominent Class A office tower, 750 Lexington in NYC, sends shockwaves through the commercial real estate sector, with Morningstar reporting an alarming 83% decrease in valuation since 2015. The transfer of a $130M loan tied to the building into special servicing due …
https://twitter.com/Willhappen411/status/1778727446147207511 Energy prices, particularly the cost of electricity, have skyrocketed since President Biden took office, outpacing inflation and putting a dent in Americans’ wallets. Since January 2021, electricity prices have soared 29.4% — 50% more than overall inflation — rising 13 times faster than the previous seven years, according to …
Since 2022, Meta (former Facebook) has added ~$1 trillion in market cap. Below you can see the forward P/E valuations (earnings are estimated by Wall Street) for the Magnificent Seven and their performance year to date. Despite an almost 30% drop, Tesla is still an outlier. pic.twitter.com/CE50fYfvH4 — Global Markets …
TL:DR: The Federal Reserve bought Mortgage-Backed Securities (MBS) after the 2008 financial crisis. JPMorgan Chase was chosen to hold these MBS securities. JPMorgan Chase has been charged with multiple criminal activities related to MBS. Despite these charges, the New York Fed has not switched custodians. The New York Fed has …
The outlook for small business sales is beginning to decline, historically signaling a challenging macroeconomic environment. The Small Business Optimism Index plummeted to its lowest level in March since December 2012, marking the third consecutive decline and the 50th consecutive month below the 50-year average of 98. Small biz sales …
Make America affordable again … Has your income gone up more than 40% since 2019? pic.twitter.com/5AYZP26oER — Wall Street Mav (@WallStreetMav) April 8, 2024 US 10-year inflation-adjusted yields are at the highest levels of 2024. pic.twitter.com/Z0LeH1PAFJ — Lisa Abramowicz (@lisaabramowicz1) April 8, 2024 Grandma Yellen’s recent claim that inflation will …
by confoundedinterest17 We are living in the USA where corruption, favoritism, open borders and an out-of-control Federal budget and debt are destroying this once great nation. Former Kansas City Fed President Thomas M. Hoenig was absolutely right when he said recently that The Federal Reserve panders to Wall Street, Congress and special interest …
The rich have never been richer (PPP, cantillon, asset price manipulation) The poor have never been poorer — Darth Powell (@VladTheInflator) April 7, 2024 Unfortunately, many current retirees have seen their expenses rise due to inflation being elevated over the past couple of years: https://t.co/t4Uo7M9Qh9 — Reef Insights (@ReefInsights) April …
by confoundedinterest17 Bidenomics was born under a bad sign. Or born under large corporate donor payoffs. In the real world labor market, 2024 has been a deluge of layoffs of the US economy… 1. Everybuddy: 100% of workforce 2. Wisense: 100% of workforce 3. CodeSee: 100% of workforce 4. Twig: 100% of …
The top 10% of S&P 500 stocks now account for 75% of the index's market cap. This is an even higher percentage than the peak of the Dot-com bubble. Big stocks are getting even bigger in the new AI-based world. Follow us @KobeissiLetter for real time analysis as this develops. …
The paper is verbose (155 pages) and not riveting reading, but it does include everything I know about equity risk premiums and their estimation. My first update was written in 2009, during the financial crisis, and I have updated it annually since. https://t.co/wZcZy5Az5C pic.twitter.com/dFUA7sbVNr — Aswath Damodaran (@AswathDamodaran) March 30, …
Well I wonder why? And it’s not just Republicans neither. pic.twitter.com/zL8VgmlXoG — County MAGA (@ShaBacksTheBlue) March 29, 2024 WASHINGTON (AP) — Americans are more worried about legal immigrants committing crimes in the U.S. than they were a few years ago, a change driven largely by increased concern among Republicans, while …
Home Prices rose by 6% year-over-year during January, the fastest increase since January 2022 pic.twitter.com/SxWWnQ4BcA — Win Smart, CFA (@WinfieldSmart) March 27, 2024 Home prices increased at the fastest clip since 2022 at the start of the year, according to one closely watched home price gauge published Tuesday. Home prices …
