Independent thinking for complex markets and current events
Spooked by Inflation, Americans Slash Halloween Spending … byu/Fun_Balance_1809 ineconomicCollapse According to a survey, 59% of Halloween spenders plan to cut back on purchases due to tighter budgets caused by inflation. https://www.allsides.com/news/2024-10-15-0615/general-news-spooked-inflation-americans-slash-halloween-spending
You’ve probably never heard of “doom spending,” but it’s important. Doom spending is clearly a warning of an economic nosedive. Learn what it means and how to prepare now, so the consequences don’t take you by surprise… Photo by freestocks on Unsplash From Peter Reagan for Birch Gold Group Doom scrolling. You may have heard the term. It’s where …
This year’s spending to elect a president and members of Congress will hit at least $15.9 billion – putting 2024 on track to become the nation’s most expensive federal election, according to a new analysis from OpenSecrets, a nonpartisan organization that tracks money in politics. Helping to drive up the price tag: blistering spending by …
The government is absorbing more of the economy into less productive spending, displacing private sector activity, while crowding out investment as credit gets tied up in treasuries. We're one market panic away from collapse. — Nova Empirica (@TabulaStellar) October 4, 2024 WTI call options volume has risen the most since 2016 shit about to hit …
NIH gives $3.7M to Rutgers and Michigan State to explore effects of ‘structural racism’ on aging The National Institutes of Health (NIH) has awarded nearly $4 million to the two public universities to explore the effects of ‘structural racism’ on cognitive aging. Rutgers Associate Professor Danielle Beatty Moody and MSU Assistant Professor Richard Sadler will …
by Mike Shedlock The GDPNow nowcast fell 0.6 percentage points to 2.5 percent on weaker than expected economic reports. GDPNow data from the Atlanta Fed, chart by Mish The Atlanta Fed updated its GDPNow Nowcast on October 1. Here is a recxap. The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third …
The House Rules Committee on Monday opted against voting on a short-term spending bill that would avert a government shutdown, setting the stage for a scenario in which House Speaker Mike Johnson (R-La.) will need to rely on Democrats to pass the contentious measure. Johnson’s three month continuing resolution, which would keep the government funded …
House Speaker Mike Johnson announced a temporary agreement that would keep the government funded until Dec. 20. The measure does not include any part of the SAVE Act, the election security proposal backed by former President Donald Trump, the Republican nominee for president. It would include “only the extensions that are absolutely necessary” to avoid …
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 Democrats on a measure requiring proof of citizenship for registered voters. Speaker Mike Johnson’s six-month government …
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. The retail sales data only tells us that Americans spent more last month than they did the …
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 run out of steam. Ahead of tomorrow’s “most important data point in history” payrolls print, …
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 sectors will be negatively affected by increased unemployment in this sector. Remember, the unemployed don’t …
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 last year and more than half (58%) say they spend the most money on groceries …
“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 it through #inflation https://t.co/a96qCMia2P — JustDario 🏊♂️ (@DarioCpx) August 29, 2024 Initial claims begins to …
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 +100% coinciding with rising government spending Government expenditures have gone from $3.4 trillion to nearly …
(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 in the property sector and high unemployment rates, have led Chinese consumers to cut back …
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 in North Carolina is $1,017 more per month today to buy the same goods and …
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 much of Latin America. The US is already at $35+ trillion with unfunded liabilties totalling …
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 (@unusual_whales) August 13, 2024 We spent 33% more on servicing the federal debt than on …
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 living, and economic uncertainty. 1 in 3 parents say they can't afford back-to-school shopping this …
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’ financial situation. The bombshell report delved into the spending habits of Dolton Mayor Tiffany Henyard …
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 to the latest data released by the Federal Reserve, revolving credit cratered in June for the …
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 us things would boom if interest rates dropped. Wrong again as always. What the Fed …
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 the U.S., compared to Netflix’s 8%. Reports indicate that Apple TV+ generates less viewing in a …
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 Indeed.… pic.twitter.com/ACKWXNMDvi — The Kobeissi Letter (@KobeissiLetter) July 22, 2024 BREAKING: The US Treasury yield …
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 with Biden/Congress spending like drunken sailors in port and showing no signs of letting up. …
