Independent thinking for complex markets and current events
by Mike Shedlock Let’s discuss some sobering projections on the cost of Medicare and Medicaid. Long Run Projections The American Enterprise Institute (AEI) discusses a Unified Long-Run Macroeconomic Projection of Health Care Spending and the Federal Budget. MPW stands for AEI authors Mantus, Pang, and Warshawsky. CMS stands for Centers for Medicare & Medicaid Services, which …
Two weeks ago, a team of American researchers published a major report documenting an astonishing rise in the diagnosis of autism. In just over ten years, between 2011 and 2022, the investigators found that annual autism diagnoses tripled among children 5 to 8 years of age, with smaller but still substantial increases among older age …
Authored by Charles Hugh-Smith via oftwominds, The soaring costs of home ownership are changing the metrics of unaffordability in important ways. We all know that buying a house is now unaffordable, but owning a house is increasingly unaffordable, too. Gordon Long and I have laid out the sobering explosion of the costs of homeownership, a rise that shows no …
Gold hits new all time high despite surging dollar; the precious metal has now completely disconnected from the greenback amid relentless central bank buying pic.twitter.com/4OfruCNNOV — zerohedge (@zerohedge) October 16, 2024 “Central banks around the world have also increased their share of gold as a portion of total reserves…” Source: https://t.co/SecOWikXrY. — Gold Telegraph ⚡ …
With savings rates at near-record lows, you have the perfect storm. ⛈️ https://t.co/3h3h5vXzaP pic.twitter.com/ng2y457iqa — The Great Martis (@great_martis) October 8, 2024 They’ve maxed out their balances. There’s no more pretend money to spend. Credit Card Spending Tanked in August; The American Consumer Tapped Out? How close are Americans to hitting their credit card limits? …
Five year trend shows geopolitical risks create a floor, but long-term supply-demand trend is weak due to manufacturing weakness pic.twitter.com/NSn9PlR8OH — Daniel Lacalle (@dlacalle_IA) October 7, 2024 “This morning, yields on the U.S. 10-year bond soared over 4%. This continues a non-stop rise in yields following the Fed’s 50 basis point rate cut on September …
Some other conspiratorial points about Gold strength have to do with its continued usage as neutral reserve asset for trade settlement in BRICS and away from US$/UST. This week, China leadership is in Saudi talking to MBS about various things but including pricing oil in RMB.… — Craig Shapiro (@ces921) September 12, 2024 Gold just …
The United States manufacturing sector remains in deep contraction when it should be soaring. via Bloomberg pic.twitter.com/W3bL4wFEVs — Daniel Lacalle (@dlacalle_IA) August 15, 2024
CCC credit spreads have been on the rise. As of June 27, 2024, the ICE BofA CCC & Lower US High Yield Index Option-Adjusted Spread (OAS) stands at 9.44%. This spread represents the difference in yield between US dollar-denominated corporate debt rated CCC or below and the corresponding spot Treasury curve. The widening spread suggests increased risk …
How much longer can $meta and $msft send 40ish% of their capex to $nvda — Michael J. Kramer (@MichaelMOTTCM) June 4, 2024
Source: fred.stlouisfed.org/graph/?g=1os7U Flashback to 2008? United Wholesale Mortgage Rolls Out 0% Down, Interest-Free Loan Scheme! What could possibly go wrong? Source : https://www.uwm.com/price-a-loan/exclusives/zero-down-purchase
https://twitter.com/futureecogold/status/1795884879890030931 Municipal Bonds and Yields: Municipal bonds (often called “munis”) are debt securities issued by states, local governments, or other public entities. They serve as a crucial financing tool for infrastructure projects, schools, hospitals, and other public needs. The yield on municipal bonds has become more attractive recently due to rising interest rates. Investors can …
by confoundedinterest17 Housing in the US is simply unaffordable. Home prices in Biden’s America are up 34.5% even though mortgage rates are up 157%. Home prices in America’s 20 largest cities rose for the 13th straight month in March (according to the latest data from S&P CoreLogic – Case Shiller – data today), up 0.33% (more than the …
Here is the list of the top leveraged banks. pic.twitter.com/tDrNb3kzIw — The Coastal Journal (@1CoastalJournal) May 12, 2024 Who didn’t see this coming? This is just getting started unfortunately. Almost $1 trillion of debt is rolling over in 2024 and needs to be refinanced at higher rates. Good luck with that. pic.twitter.com/my3e7stE1J — QE Infinity …
via Mike Shedlock Insurance, repairs, and maintenance costs are up for both homes and autos. Some homeowners are skipping home insurance. What’s going on and who is to blame? Auto and Home Chart Notes All data via St. Louis Fed FRED repository, index levels all set to 1015=100 CPI components where found and closest equivalent …
With small business optimism plummeting to an 11-year low, exacerbated by surging inflation and a shrinking labor force due to post-COVID government benefits, concerns mount about the economic landscape. As rents rise, hiring plans falter, and easy money policies end, a challenging environment emerges where success becomes increasingly elusive. Small business optimism hits fresh 11 …
by confoundedinterest17 Biden and Congress have never met a project that they weren’t willing to fund (except a border wall with Mexico, of course). Inflation is heating up again as the Federal government continues to spend. 4-5% by November… US CPI on trend for 4-5% at US election in November. Source: BofA Above 5%…? Strong CPI …
Gold prices are — significantly so. In fact, they just reached an all-time high, but is this a good sign for the economy? Unfortunately, no. When Glenn Beck spoke to a certain gold expert, he said, “Do you realize how crazy the world has to be for gold to be at $3,000 an ounce?” As …
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 workforce 5. Twitch: 35% of …
BIDEN'S TREASURY SEC. YELLEN: "Americans are seeing the costs of some goods that are important to them, like rent, having increased…" pic.twitter.com/rGxk7bFxw7 — Breaking911 (@Breaking911) March 13, 2024 US Treasury Secretary Yellen: it seems unlikely that interest rates will return to levels as low as before the covid-19 pandemic. — unusual_whales (@unusual_whales) March 13, 2024 …
In a shocking turn of events, the implementation of Democrats’ climate action plans has led to an unforeseen consequence: a drastic surge in utility bills, leaving consumers grappling with increases of up to 127 percent over the last decade. The relentless push for climate spending, spanning wildfire prevention, transmission capacity expansion, and renewable energy initiatives, …
With inflation nearing 30% and its currency hitting an all-time low, Nigeria is facing one of its worst economic crises in years. The latest data from the National Bureau of Statistics on Thursday showed that the headline consumer price index (CPI) rose to 29.9% year-on-year in January, its highest level since 1996. The surging cost …
via Mike Shedlock Auto insurance is up more than 20 percent from a year ago. In many places, private home insurance isn’t available at all. Consumers are steaming. Insurance data from the BLS, chart by Mish Insurance Chart Notes The auto insurance data series is straight from the BLS. Home insurance data is from the …
via naturalnews New data from the Federal Reserve Bank of New York has found that credit card and auto debt delinquencies in the United States are soaring, especially among Americans aged 18 to 39. The Household Credit Report from the New York Fed’s Center for Microeconomic Data found that aggregate household debt balances rose by …
by confoundedinterest17 Hey Joe! Food inflation isn’t dead yet! The Biden Administration which motto should be “Make Crime Great Again!” with awful crime in big cities, and millions pouring over the border, not to mention providing jobs for foreign workers and not native born Americans, is likely breathing a sigh of relief as food inflation falling to …
They say ‘What happens in Vegas stays in Vegas’ – but the eye-watering auto insurance bill city resident Simon Edwards recently received is just one example of the staggering rises in premiums consumers are facing all across the US. The 2012 Mazda 5 owner was shocked to find his monthly bill from Geico had rocketed …
The percentage growth in the number of health care administrators compared to that in physicians: That tiny barely-visible yellow sliver at the bottom of the graph is the growth in physicians, and the towering Alpine peaks on top of it is the growth in administrators. https://twitter.com/eyeslasho/status/1747677112520110189
For decades, car ownership has been a trademark of the American lifestyle, with vehicles becoming symbols of freedom, independence and even rebellion, as well as a necessity. But in 2024, the country’s legendary love story with the automobile appears to have reached a crucial point of potential no return, as cars have become unaffordable to …
M2 money supply is contracting for the FIRST time since the 1930s ht g.o.t. pic.twitter.com/saWAj4OSoS — Win Smart, CFA (@WinfieldSmart) January 14, 2024 In the intricate web of economic indicators, a disconcerting picture emerges, suggesting a looming period of stagnation. The M2 money supply is contracting for the first time since the 1930s, a historical …
