Independent thinking for complex markets and current events
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 2020, a survey showed a …
by bitkogan I’ve already mentioned that the market’s enthusiasm about slowing inflation could be premature. Firstly, the year-over-year CPI growth in November-December may accelerate due to the fact that it’s being measured against the low base of 2022. The result could come as an unpleasant surprise to many. Secondly, even if the Federal Reserve does …
General Motors will be slowing its electric car (EV) production in North America due to lower-than-forecast demand, pushing its manufacturing targets well into 2025. The decision saves the company $1.5 billion next year, CFO Paul Jacobson said today on GM’s quarterly earnings call. The automaker had previously planned to sell 400,000 EVs in North America …
by confoundedinterest17 Shape of things in the US economy. But a better tune to descible what is happening is over, under, sideways down. For example, look at this chart of loans and leases at commercial banks, since last year (YoY). The growth rate is plunging rapidly. Of course, M2 Money growth has already crashed. Loan delinquenices? …
by Dismal-Jellyfish https://www.newyorkfed.org/medialibrary/media/Survey/business_leaders/2023/2023_08blsreport.pdf Wages and Prices expected to continue rising over the next 6 months. TLDRS: New York Federal Reserve Bank’s August 2023 Business Leaders Survey shows the region’s (New York, southern New Jersey, and southwestern Connecticut) service sector activity as stable for the second month in a row. Remember, services are where ~2/3 of …
HSBC's Kettner: The danger is “we're all getting sort of lulled into, ‘Oh yeah, everything's fine…inflation is going to slow itself. One of the concerns that we have is that headline US inflation on our measure is going to reaccelerate” https://t.co/KV5rI02Ruh — Lisa Abramowicz (@lisaabramowicz1) July 26, 2023 #Gasoline, #Jet #Fuel, #Oil are all going …
via YAHOO: (Bloomberg) — US consumers, particularly those with lower incomes, are running into financial trouble as pandemic savings disappear, a headwind for lenders ranging from banks to asset-backed securities investors. The credit outlook is expected to deteriorate later this year when almost 27 million borrowers have to resume making payments on student loans. Delinquencies …
Likely to keep normalizing/decelerating! https://t.co/iMfSx7EFLY — Caleb Franzen (@CalebFranzen) July 19, 2023
by Dismal-Jellyfish Source: https://www.bls.gov/news.release/cpi.nr0.htm All items less food and energy: Inflation and Housing: The overall index for items excluding food and energy increased by 0.2% in June. The cost of housing, represented by the shelter index, rose by 0.4% in June. Rent increased by 0.5%, and owners’ equivalent rent (for homeowners) increased by 0.4%. However, …
by BoatSurfer600 Some of the countries in Europe whose economies have a high share of manufacturing are witnessing enormous contraction in cyclical activity. Higher interest rates are taking a toll on economic activity. Source: Sagar Singh LinkedIn With China's economy being pulled into the global recession and with no real way to escape from it, …