Independent thinking for complex markets and current events
The Canadian 10-year interest rate has reached a new 52-week high, driven by a recent surge in inflation. In response to this economic climate, the Royal Bank of Canada, the nation’s largest mortgage lender, has disclosed concerning data about its residential mortgages. As of July, a significant 43% of these mortgages had an extended amortization …
The financial landscape is showing signs of entering the second phase of the credit cycle, where financial institutions suddenly face the realization of credit losses. This is causing notable instability and liquidity challenges within the banking system. Simultaneously, many companies are struggling to meet their debt obligations. August was a particularly troublesome month, witnessing the …
The prominent head of an investment firm has issued a sobering warning against a tech stock that has surged by 232 per cent so far this year. US computer chip-maker Nvidia (pronounced en-vid-eya) has had an unprecedented time on Wall Street in the past few months, with the business posting a record revenue of $21 …
From Peter Reagan at Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: The surprising motives behind inflation, unpacking central bank gold buying figures for 2023, and Turkey is becoming the world’s top consumer of gold out of necessity. If inflation is …
by bitkogan The connection is straightforward: a dip in inflation is largely tied to plummeting energy and food prices. In July 2023, the average WTI oil price dropped 23.49% as compared with July 2022. Meanwhile, natural gas prices plummeted by 63.31%, and corn by 17.27%. Observing these figures, particularly for natural gas, makes one question …
What would you rather have during a home invasion? 1. MSM sanctioned Airhorn 2. MSM hated AR-15 — E (@ElijahSchaffer) August 8, 2023
European Natural gas prices just spiked 40% today ALONE. This is the biggest daily increase since March 2022. A long-lasting worker strike is likely to limit supply, Citigroup estimates EU natural gas prices could double. The never-ending fight against inflation continues. pic.twitter.com/RqTHNCE203 — The Kobeissi Letter (@KobeissiLetter) August 9, 2023
by betsharks0 > In September 2022, adjustable-rate mortgages (ARMs) made up around 9% of all new home loan applications to lenders, according to the Mortgage Bankers Association (MBA) So are these people basically f***ed? The median house payment in the US is now at $2,605/month. This is up 19% compared to 2022 and the most expense median …
by confoundedinterest17 Josef Stalin of the old Soviet Union used to be called County Joe. But Biden has so many possible nicknames: Corrupt Joe, Pay-for-play Joe, Sleazy Joe, Bully Joe, etc. How about Green Joe? Green Joe (or the Nasty Green Giant?) along with his energy goon Jennifer Granholm, have drained the strategic petroleum reserve …
Home foreclosures starting to explode Have you been looking around the housing market and thinking “There goes the neighborhood”? Well, you are not alone. In May of this year, ATTOM recorded a sharp uptick in foreclosure rates around the United States. Adding up notices of default, repossession by banks and auctions on the calendar, the …
Gas prices in the US have surged to an eight-month high after foreign suppliers slashed production, and experts are warning that a hurricane in the Gulf of Mexico could trigger further increases. On Friday the national average price of regular gasoline stood at $3.73-a-gallon, a sharp increase from $3.55 one month ago, though still well …
pic.twitter.com/oGs5JsTJ3M — StockCats (@RealStockCats) July 26, 2023 2-years ago… Powell predicted inflation will be "transitory" pic.twitter.com/ipmIKCwu8Y — StockCats (@RealStockCats) July 26, 2023 *FED CANCELS RECESSION FORECAST – POWELL pic.twitter.com/3xmb6ceNFd — Don Johnson (@DonMiami3) July 26, 2023
According to Robert Shiller, a renowned economics professor at Yale University, the remarkable ten-year surge in U.S. home prices may find its conclusion when the Federal Reserve concludes its cycle of rate hikes. Yale University economics professor, Robert Shiller, predicts that the impressive decade-long rally in U.S. home prices will likely taper off once the …
2/ Rising bankruptcies coincides with bond yields hitting 4%, a level previously associated with the Silicon Valley Bank collapse and UK pension fund crisis pic.twitter.com/tcC6aBY9UD — Bravos Research (@bravosresearch) July 20, 2023 4/ A Deutsche Bank survey indicates that over half of market professionals anticipate market stress due to higher rates While 20% foresee minimal …
JPMorgan Chase reported second-quarter earnings Friday that topped analysts’ expectations as the company benefited from higher interest rates and growing interest income. Earnings: $4.37 per share adjusted vs. $4 per share Refinitiv estimate Revenue: $42.4 billion vs. $38.96 billion estimate Net income surged 67% to $14.5 billion, or $4.75 per share. When excluding the impact …
According to recent reports, lenders in the United Kingdom have experienced the most significant surge in mortgage defaults in over a decade. Over the past three months, there has been a noticeable increase in the number of borrowers who are struggling to meet their mortgage payment obligations, marking the highest level since mid-2009. ⚠️UK LENDERS …
via wolfstreet: The financialization of everything has let to a convoluted setup for hotels and their beaten-up investors at all levels. It goes something like this: The hotel properties are held by a publicly traded hotel REIT that leveraged them up with variable-rate interest-only mortgages during the era of ultra-low interest rates, that were then …
Recent stock market surge deviates from reality, with fund managers buying overvalued stocks to catch up, pushing the market higher. https://twitter.com/MFHoz/status/1674879653008359424 Look at NAIIM, they are fully invested now. — The Macro Pulse (@TheMacroPulse) June 30, 2023 Nine months down, and nine months up. And what a load of bull shit we've had to suffer …
via mishtalk: Durable good orders are always volatile, transportation is the usual culprit. But this was a huge upside surprise. Durable goods orders from the commerce department, chart by Mish. New Orders New orders for manufactured durable goods in May, up three consecutive months, increased $4.9 billion or 1.7 percent to $288.2 billion. This followed …
An American family living in the United Kingdom has had to pull their ad for a live-in dog nanny that fetches a $127,000 (£100,000) salary because they received so many job applications. Fairfax and Kensington is a high-end international recruitment agency based in South Kensington, London, and are the original posters of the job. The …
by confoundedinterest17 Well, not really unexpected since the housing sentiment index for home builders was above 50 yesterday. But with The Fed pausing rate hikes, housing starts are soaring! US housing starts unexpectedly surged in May by the most since 2016 and applications to build increased, suggesting residential construction is on track to help fuel …
Gold looks to be getting ready to blaze through this historic resistance and move substantially higher. A surge in the metal price will likely mark the beginning of a new gold cycle that should be accompanied by a much-awaited influx of capital into the mining industry. pic.twitter.com/iKgOX71NZv — Otavio (Tavi) Costa (@TaviCosta) June 17, 2023 …
Early signs of cooling labor market. Might take time, but its happening.$TLT and $GLD back in action. Also closely look at the steepening of curve, that is the most important thing to watch now. pic.twitter.com/P52O05Lisu — The Macro Guy (@SagarSinghSetia) June 8, 2023 US jobless claims mysteriously surge upon "data" revision US jobs mysteriously revised …
by KingN0 https://www.dell.com/en-us/blog/dell-and-nvidia-bringing-generative-ai-to-the-enterprise/ $NVDA and $DELL are working together to bring generative AI to the enterprise market. Essentially what this could mean for the earnings call after hours is that Dell could raise guidance in a crazy fashion the same way that NVDA did last week. While Dell’s business model has taken a hit due …
