A hub for independent voices and hard truths
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 …
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 …
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 …
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 …
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 …
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” …
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 …
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 …
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 …