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via mises.org: According to the latest monthly statement from the Treasury Department, the total budget deficit for the 2024 fiscal year (which began October 1) has already risen above $380 billion. The new total, which includes the months of October and November, puts the US on track for a total …
by confoundedinterest17 Are US financial conditions loose as a goose? Despite resilience in US data, 30Y Yields have plunged back below the 4.00% Maginot Line this morning… Source: Bloomberg The last few weeks have seen US macro data reverse its recent trend of disappointment… Source: Bloomberg The long-end of the curve …
Awaiting Yemen Military Spokesman for full details in the coming hour or so. The Houthi army spokesperson has hinted at an impending important statement by the Yemeni Armed Forces in the coming hours, raising concerns over heightened tensions in the Red Sea water and strategic strait of Bab Al Mandab. …
Only 28% of S&P 500 stocks are outperforming the overall $SPX, the lowest amount since 1998 and the 2nd lowest in the last 33 years 👀 pic.twitter.com/E8tXbbhAlR — Barchart (@Barchart) December 25, 2023 S&P 500 $SPX has now spent the most amount of time in overbought levels since late 2019/early …
New vehicle inventory is now at the *highest* level since early spring of 2021. Expect incentives to keep rising for most brands. — Car Dealership Guy (@GuyDealership) December 23, 2023 Updated market day supply for NEW vehicles, major markets.Compared to October numbers (just over 2months):Chevrolet, Nissan, Subaru, Kia almost 50% …
by Chris Black There’s no coming back from this! This is so retarded. Killing kids is one thing. Actually, that is also insanely retarded. But at least that could somehow be an accident/collateral dam… Continue reading by subscribing. Username Password Remember Me Forgot Password
Defense Minister Sergey Shoigu has claimed that US, UK, and Polish military personnel are operating air defense and multiple launch rocket systems Several NATO member states have boots on the ground in the Ukraine conflict, Russian Defense Minister Sergey Shoigu has claimed. Western military personnel are operating certain weapons systems, …
by confoundedinterest17 For November, US existing home sales are down -7.28% since last year. At least that is an improvement over -14.6% YoY in October. Despite homebuilder sentiment ticking up (along with their stock prices) and housing starts soaring – buoyed by a 100bps decline from multi-decade highs in mortgage …
https://twitter.com/WallStreetSilv/status/1737145060959928766 In an unsettling development reminiscent of times not seen since the Great Depression, a new phenomenon is sweeping across Canada, leaving fully employed carpenters and nurses living in their cars in parking lots. This distressing reality, unimaginable just eight years ago, signals a concerning shift in the socioeconomic landscape. …
When prices keep rising and people keep struggling with a crap economy and piss poor government policies increasing interest rates won’t help normal people and so you’ll just have more bankruptcy and poor. h/t TonyLiberty
World debt has been in “Up Only” since 1972 And has risen even more rapidly since 1997 It’s now crossed $225 trillion There’s no looking back now pic.twitter.com/iVoQrabJgj — Bravos Research (@bravosresearch) December 15, 2023
https://twitter.com/WinfieldSmart/status/1735059771114360986 https://twitter.com/WinfieldSmart/status/1735060111888925103 Who would have thought that Fed tightening is followed by jumps in volatility pic.twitter.com/U02UnGCwhu — Michael A. Arouet (@MichaelAArouet) December 14, 2023 Markets had the BEST day since 2009 Major assets all climbed at least 1% each Wild. pic.twitter.com/VyzFK9SNHs — Genevieve Roch-Decter, CFA (@GRDecter) December 14, 2023 The …
by confoundedinterest17 Here comes Biden Claus, right down Constitution Avenue, bringing you a Christmas present of … 165% mortgage interest rates!! Mortgage applications increased 7.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 8, 2023. …
by Ryan McMaken Money supply growth fell again in October, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. October’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. Since April 2021, money …
If I were a Russian military strategist I would make sure that every Ukrainian soldier on the frontline learns about this. If I were a Ukrainian who has lost someone or has a family member fighting in this war I would spread this all over Ukraine. — Kim Dotcom (@KimDotcom) …
by ChampionshipUsed9855 Check out SNOW insider sells: A company that doesn’t make a profit. Frank Slootman CEO sold $344,130,000.00 just in December Michael P. Scarpelli CFO sold $240,891,000.00 just in December Snowflake (SNOW) Insider Trading Activity 2023 (marketbeat.com)
by DAVID HAGGITH Photo by Eric Muhr on Unsplash Evidence of a severe recession that has already begun continues to build, and the cause is clear. As you can see in the following graph, money supply fell again in October and its “growth” has, during the Fed’s current quantitative tightening (QT), gone …
via bettermarkets: Dennis M. Kelleher, Co-founder, President, and CEO of Better Markets issued the following statement in response to the testimony of Wall Street’s CEOs today before the Senate Banking Committee. “Wall Street’s CEOs testified before the Senate Banking Committee today as if they were the chief employment and economic growth …
Authored by Ryan McMaken via The Mises Institute, Money supply growth fell again in October, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. October’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two …
BREAKING 🚨: Starbucks$SBUX declined for a 12th consecutive trading day, the longest losing streak in the stock's history dating back to 1992 pic.twitter.com/jLbtyvugHf — Barchart (@Barchart) December 5, 2023
EU imports of Russian liquified natural gas (LNG) have increased by 40% since the invasion of Ukraine despite efforts to cut down supplies. Member states have bought more than half of Russia’s LNG on the market in the first seven months of this year, according to analysis of data by …
Biggest price drops since August Fun fact: Porsche Cayenne prices have dropped *over 10%* since August — more than any other Luxury vehicle. Note: "Price drop" refers to the actual transaction price, not a change or reduction in MSRP. pic.twitter.com/PYOT7TGwxb — Car Dealership Guy (@GuyDealership) December 4, 2023
by confoundedinterest17 US factory orders are back in red. Factory orders tumbled even more than expected, down 3.6% MoM – the biggest drop since the COVID lockdowns (April 2020). September was also revised lower (making October’s decline even worse) from +2.8% MoM to +2.3% MoM… Source: Bloomberg The big monthly decline and revisions …
by confoundedinterest17 Joe Biden has a new name: the crypt keeper. As in the person through his economic screw-ups is causing a massive inflow to cryptos. Anticipation of an eventual US spot Bitcoin ETF – which Bloomberg’s analysts assign a 90% probability of being approved by the SEC in January. …
The EPA has put up a map with the change in the number of hot days. They will be forced to take it down very soon since it shows that global warming is a lie. https://co2coalition.org/2023/07/14/epa-few-stations-show-increase-in-hot-days/ A total of 863 weather stations, or 81%, reported either a decrease or no …
Mainstream media faces a dire decline, losing 40% of online audience since 2020, triggering attacks and revealing an existential struggle. What is even worse are the physical subscription numbers. The physical US Newspaper circulation is below what was distributed in 1940. Is this a spiral of doom for mainstream media? …
Authored by Charles Hugh-Smith via oftwominds, If your earnings rose by 34% from January 2020 to October 2023, congratulations, the purchasing power of your labor kept pace with higher costs. Official measures of inflation are a long-running tragi-comedy: comedic in the transparency of the distortions, and tragic in the consequences: what will …
by confoundedinterest17 Despite Biden/KJP’s ridiculous lies about about this Thanksgiving being the 4th “cheapest” in history, inflation while cooling is still way up under Biden. In fact, food prices are up 25% since 2020. Since 2020, US groceries are up 25%, used cars climbed 35% and rents roughly 20%. In …
The Fed is losing money, currently $120 billion since 2022. They can't send profits to the US Treasury until they earn those losses back. The last line is hilarious.🤣 "The Fed has stressed that losing money in no way impacts its ability to operate and conduct monetary policy." https://t.co/FlNjxjGBNL — …
