A hub for independent voices and hard truths
The US House fails to pass government funding bill – government shut down looming#MacroEdge — MacroEdge (@MacroEdgeRes) September 18, 2024 Ahead of the vote, former President Donald Trump re-upped his demand that Republicans use a government shutdown threat to ding …
by Mike Maharrey Retail sales beat expectations in August, rising by 0.1 percent month-on-month. You might assume this means American consumers did better this month than last month. A deeper look into the context of these numbers offers another perspective. …
https://twitter.com/MarieIsabellaB/status/1833644152266870939
Source: https://www.opensecrets.org/federal-lobbying/top-spenders h/t levine2112
by confoundedinterest17 We are dancing the Grizzly Bear with jobs reports. The more truthful ADP report is out and it shows a wimpy 1.3% YoY addition in jobs. So much for a dynamic, growing economy under Biden/Harris. The Covid era Federal spending has …
U.S. Construction Spending MOM SAAR pic.twitter.com/4yP9esLhtu — Win Smart, CFA (@WinfieldSmart) September 4, 2024 Construction spending decreasing does NOT bode well for jobs in that sector. Construction is not a small piece of the economy either, and spending in other …
CHERRY HILL, N.J., July 30, 2024–(BUSINESS WIRE)–TD Bank, America’s Most Convenient Bank® today announced the findings of its annual 2024 Consumer Spending Index, revealing that half (50%) of respondents say their spending has increased the most on groceries over the …
“The question is how much longer can the US economy be propped up by asset prices?” The answer is: the economy is being propped by government spending that gooses asset prices at the expense of the people that pay for …
2/ US government bonds have broken below a 40-year uptrend After experiencing one of the most aggressive bear market since the 1980s pic.twitter.com/FTPZvQuipe — Bravos Research (@bravosresearch) August 28, 2024 4/ Since March 2020, gold has outperformed Treasury bonds by …
(Reuters) -China’s PDD Holdings missed market estimates for quarterly revenue on Monday, as reduced consumer spending dented business at its domestic e-commerce platform Pinduoduo, sending the company’s shares down more than 25% in early trade. A fragile economy, persistent weakness …
Families in North Carolina spending 22% more on household goods than in 2021 Average household spending in North Carolina is $1,017 more per month today to buy the same goods and services as it was in 2021. Average household spending …
by confoundedinterest17 Too much debt? Kamala Harris doesn’t think so. She is proposing economic policies costing $1. 7 trillion without sufficicent offsets. Harris is putting the US on the path to default, following numerous other badly managed nations, like Ukraine and Greece. And …
I will post this until I am banned off this app pic.twitter.com/DvV19nL6hW — mrsunbubbles (@mrsunbubbles) August 18, 2024
The Treasury Department is being accused of trying to juice the economy, per Axios. "Short-term debt is becoming a rising share of all outstanding debt, while the share of long-term debt, like 10-year or 30-year bonds, stays flat." — unusual_whales …
According to a recent survey by Credit Karma, 1 in 3 parents (31%) say they can’t afford back-to-school shopping this year. This highlights the financial strain many families are experiencing, likely due to factors such as inflation, rising costs of …
Dolton in Crisis: Lightfoot reveals alleged misuse of funds by Mayor Tiffany Henyard DOLTON, Ill. – In a jaw-dropping meeting on Thursday night, former Chicago Mayor Lori Lightfoot presented initial findings from her investigation into the Village of Dolton’s ‘dire’ …
by Mike Maharrey America runs on debt. And American consumers may be getting close to their credit card limits, yet another signal the U.S. economy could be teetering on the brink of a recession. (If it’s not there already.) According …
Booking Holdings misses. Stock down 7%. The consumer is dead. None of this should be surprising after the inflation we had. Futures getting slammed pic.twitter.com/WPxz1d289n — QE Infinity (@StealthQE4) August 2, 2024 The 10 year yield breaks 4%. They told …
Apple TV+ has indeed spent over $20 billion on original programming since its launch in 2019. Despite this significant investment, Apple TV+ has struggled to capture a substantial share of the streaming market, accounting for only 0.2% of TV viewership in …
BREAKING: US job postings declined 12.4% year-over-year to their lowest level since April 2021. Overall, US job postings are down by ~50% since their December 2021 record. However, nationwide job postings are still 11.7% above their pre-pandemic baseline, according to …
by confoundedinterest17 Here is a chart of Non-commerciak net positions for US Treasuries, currently showing more bailing out of Treasury positions. Has the world sours on DC’s fiscal train wreck and The Fed? Of course, budget deficits are a disaster …
In 2023, Gavin Newsom announced a $15 billion plan to address homelessness in California, emphasizing accountability. However, a state audit revealed that California had spent $24 billion on homelessness over the past five years without consistently tracking how the money …
Canada estimated that it will reach its 2% NATO defense spending target by 2032, according to the country’s president, Justin Trudeau said at the NATO Summit in Washington, D.C., which concluded on Thursday. Since his first presidential run, former President …
THIS IS REALLY CONCERNING: Japan households spending declined in the last 14 out of 15 months. Meanwhile, Japan's GDP shrank at an annualized pace of 2.9% in Q1 2024, rose slightly by 0.1% in Q4 2023 and contracted by a …
(The Center Square) – As the 2024 election season gears up, a recently-released report predicts nationwide political spending will reach a record high $10.69 billion. The Political Projections Report predicts that California, Pennsylvania, and Arizona will have the highest levels of …
New Zealanders are giving up spending at a rate that surpasses the downturn of the global financial crisis (GFC), and is close to passing that of the 1980s sharemarket crash, as well as the tough times of the 1970s. Data …
Teens Skip $50 Jeans in Squeeze of Gas, Job Shortage July 2 (Bloomberg) — The financial pressures of adults are finally catching up with American teenagers. Since summer jobs dried up, gasoline prices topped $4 a gallon and parents ran …
According to the 2024 KPMG Consumer Pulse Survey, U.S. consumers are adjusting their spending habits this summer due to inflationary pressures. Here are the key findings: Essential Goods and Services: Consumers expect to spend less on personal care products (considered essential) …
When even the government has to cut staff, it’s a hard landing, folks. Government spending is usually what pulls us back OUT of recessions. (I guess, finally, we’re going to get some job numbers.) — Uncle Milty’s Ghost (@his_eminence_j) July …
