A hub for independent voices and hard truths
Why is this not getting more attention? h/t WarrenBuffetsIntern
Even China’s 1.4 billion population can’t fill all its vacant homes, former official says Unsold, completed: ~7.2 million homes, according to Reuters calculations, based on the average home size of 90 square metres. That does not count: the numerous residential …
Almost 20,000 more people died in Australia last year than anticipated, with just more than half dying because of COVID-19 as the country recorded the highest number of excess deaths since World War II. New data from the Actuaries Institute, …
New York City has taken in at least 95,000 migrants so far in 2023 despite its clear struggles dealing with the huge influx. The city has welcomed more than twice as many migrants than Los Angeles, Miami and Houston since …
Fed chair Powell makes no mention of this brutal hit to real estate market. Higher for longer looks like it is the plan – damn the market and economic torpedoes that are coming. h/t j_stars
by SilbergleitJunior Hedge Funds Versus Asset Managers… If Hedge Funds Are Right We Are Screwed S&P 500 has entered its weakest 10-day period of the year – BofA By Investing.com
by confoundedinterest17 This isn’t Barbara Tuchman’s class novel about the horrors of World War I, but the ongoing horrors of Bidenomics with its guns pointed at the American middle class. Privately‐owned housing starts in August were at a seasonally adjusted …
h/t InternationalTop2405
“Fake” American media have stopped talking about military operations in Ukraine, and this is bad news for Kyiv, former US President Donald Trump said in an interview with NBC. According to the politician, this indicates the dishonesty of American journalism, …
The fight against inflation is still ongoing… OPEC just said that global oil markets will face a massive supply shortfall next quarter. They expect a supply shortfall of more than 3 million barrels per day. If OPEC is correct, it …
by confoundedinterest17 Well, this isn’t good if you are a mortgage lender. Mortgage applications decreased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 8, …
by confoundedinterest17 Here are some bits and pieces about the US economy and interest rates. The Federal Reserve, the most powerful Socialist machine on the planet, is considering rate their target rate after some bad economic news. First, real median …
Inflation has eaten over 20% of income since 2019, according to the Bureau of Labor Statistics. pic.twitter.com/emLPXyGe7R — Yordie Sands 🌺 (@YordieSands) September 12, 2023 Median household income fell in 2022, adjusted for inflation, Census Bureau says “Median household income fell …
by confoundedinterest17 Danger Will Robinson! Danger! Median sales price of homes in the US sank by -7.4% in Q2 2023. This is particulary dangerous since it was the worst correction in home prices since two rather nasty recessions of 1970 and …
US oil inventories have collapsed as measured by days of supply as well. Below 1982 levels! pic.twitter.com/N7Ps2UGo6w — Josh Young (@JoshYoung) September 9, 2023 h/t Simian_Stacker
by Dismal-Jellyfish https://fred.stlouisfed.org/series/DPSACBW027SBOG https://www.federalreserve.gov/releases/h8/20230825/ A tad over a year ago (4/13/2022) the high was hit at $18,158.3536 billion: Date Deposits, All Commercial Banks (billions) Down from all time high (billions) 4/13/2022 $18,158 0 2/22/2023 (Run picks up speed) $17,690 -$468 …
by confoundedinterest17 Its hard to watch Biden and The Progressive Greens destroy the enegy security of this great nation. Biden is draining the Strategic Petroleum Reserve, probably in a misguided attempt at ensuring we never go back to abundent petroleum …
The equity risk premium (ERP) is at the lowest level since 2006 Indicating that stocks are very expensive relative to bonds pic.twitter.com/5tysUfs1Hy — Bravos Research (@bravosresearch) September 4, 2023 This ratio hit levels comparable to the Dot Com bubble We …
The rig count is still in plunge mode… *A cumulative $4.9T of investments in global upstream oil and gas are needed by 2030 to meet market needs and prevent a supply shortfall" —International Energy Forum (IEF) and S&P Global Commodity …
by confoundedinterest17 The glories of Bidenomics is on fully display. Despite what Lyin’ Biden says, Bidenomics is only working for the elites (top 1%). How Soviet/CCP command economy of him! Here is an ugly chart showing Bidenomics in action! We …
The Dot Com and 9-11 crisis….. the Housing crisis…. the Coronavirus crisis…. what will be the Next Major crisis. When you look at the statistics, after every crisis the wealthy come out even wealthier. While middle and lower class stagnate …
by confoundedinterest17 I wonder if Biden will use his writeboard to brag about the 30-year mortgage rate rising 157% under his economic Reign on Error? Aka, Bidenomics. Mortgage applications increased 2.3 percent from one week earlier, according to data from …
Here’s a map of notable store closures in downtown San Francisco. As foot traffic has declined and theft has grown, stores are closing down. Yet another sign of the pain consumers are feeling from inflation. Follow us @KobeissiLetter for real …
Global stock markets peaked a month ago at the end of July. Then fell for the first three weeks of August. Today, Nasdaq breadth was strongest since the market top. September will be hell. pic.twitter.com/FST2UcLsci — Mac10 (@SuburbanDrone) August 30, …
President Trump’s Official Mug Shot Has Been Released . . . . . . CNN Fake News Worries Trump Will Use Mugshot to His ‘Political Advantage’ PRESIDENT TRUMP RETURNS TO TWITTER [NOW “X”]: Here’s His First Tweet!
by mark000 And projection for 2023 is another $1.5 Trillion. The current “USA economy strong” story is bullshit. It’s totally dependent on ongoing massive govt stimmy life support.
Meanwhile, PPI for construction materials is up 11% YoY over the last three years, potentially putting more pressure on homebuyers as the demand for new homes continues to increase. https://t.co/rfFs5LNsry — David Sommers (@dgsommersmkts) August 23, 2023 Mortgage rates reached …
by confoundedinterest17 The Talking Heads said it best. Bidenomics is burning down the housing market. Bidenomincs (or trying to recover from Yellenomics) is responisble for interest rates rising to flight inflation and the collapse of mortgage lending. And she was … Janet …
by confoundedinterest17 Bidenomics should be called Sovietnomics. Meaning the same type of command-driven economy that helped demolish the old Soviet Union instead of a western-style demand-driven economy. Biden’s reliance on “goin’ green” has been bad for the middle class (but …
