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Authored by Mike Shedlock via MishTalk.com, Federal tax receipts suggest GDI numbers, not GDP numbers, are accurate. They also hint at recession… Tax receipts from the BEA, chart by Mish Tax receipts and total receipts are from the Bureau of Economic Analysis which also produces the government GDP estimates. Data …
Otavio (Tavi) Costa: “Corporate bonds now yield only 0.12% above the Fed Funds rate. The lowest level since 2007, preceding the Global Financial Crisis. Every time credit spreads were at historically suppressed levels, a hard-landing scenario followed. Perhaps this time is indeed different, but I would rather base my perspective …
This article was written by Brandon Smith and originally published at Birch Gold Group At the end of June government leaders and think-tank power brokers from around the world met at the Summit for a New Global Financing Pact in Paris. Participants include United Nations Secretary-General Antonio Guterres, US Treasury Secretary Janet Yellen, …
Inflation isn't really falling like headlines say. Core +5.3%, food +6.7%. The only reason headline was 4% is gas/fuel oil at -11.7%. @BobEUnlimited has an excellent series of tweets that talk about wages +5.7% w/ -0.7% productivity and structural inflation. pic.twitter.com/GlMTzeDjWs — Dan Davis (@DanDavi47038421) July 5, 2023 AAA – …
by confoundedinterest17 Well, not really unexpected since the housing sentiment index for home builders was above 50 yesterday. But with The Fed pausing rate hikes, housing starts are soaring! US housing starts unexpectedly surged in May by the most since 2016 and applications to build increased, suggesting residential construction is …