Independent thinking for complex markets and current events
The Umich sentiment survey highlights that mainstream media reporters aren’t overly concerned about depicting the economy positively, as consumer sentiment reflects the harsh realities of maxed-out credit cards, elevated interest rates, and a weakening job market. This survey sheds light on a concerning reality: despite the media’s attempts to paint a rosy picture of the …
Half of Americans — including 42% of Democrats — say they'd support mass deportations of undocumented immigrants, according to a new Axios Vibes survey by The Harris Poll. — unusual_whales (@unusual_whales) May 2, 2024 Almost like thats what you are supposed to do, and what we have always done, with illegal immigrants.
More than one in 10 young people who identify as LGBTQ attempted suicide in 2023, a survey from suicide prevention organization Trevor Project has found. The survey, which focuses on the mental health of LGBTQ youth, was circulated to 18,000 people from ages 13 to 24. Nearly 40 percent of LGBTQ young people seriously considered …
58% of people surveyed by Fannie Mae think it would be difficult to get a mortgage these days, 4% higher than in February. It is near the record of 60% share of respondents in October. US Housing affordability is near the historic low. pic.twitter.com/V7l3822s3m — Global Markets Investor (@GlobalMktObserv) April 9, 2024 Visualizing the U.S. …
Ahead of tomorrow’s jobs data, this is critical knowledge to have. The Household Survey, which produces the unemployment rate and has been appreciably weaker than the Establishment Survey, which generates nonfarm payrolls, because it’s PROCYLICAL, it’s picking up the cycle’s end. https://t.co/kE2FRuOw8p — Danielle DiMartino Booth (@DiMartinoBooth) April 4, 2024 ⚠️ Initial claims for state …
Thursday morning is a fairly quiet morning, with cloudy skies and cool temperatures in Northern California. What comes next will be on-and-of Valley showers, gusty winds and the beginning of a lot of snow for the Sierra.
by confoundedinterest17 It’s not always sunny in Philadelphia! And not because the Eagles got stomped by Baker Mayfield and the Tampa Bay Bucs. Manufacturing activity in the Philadelphia region continued to decline in January (for the 18th month of the last 20). The headline Philly Fed survey printed -10.6 (worse than the -6.5 expected) and …
by The Rutherford Institute WASHINGTON, DC —The Rutherford Institute is sounding a renewed warning against efforts by the government to amass extensive, sensitive private information about individual citizens and their households through its mandatory American Community Survey (ACS). Rutherford Institute attorneys have also formally lodged concerns over a proposal by the U.S. Census Bureau to expand the …
by Chris Black No one could have predicted this. Look out “cognitive dissonance” in the dictionary.
Source: https://www.newyorkfed.org/microeconomics/sce/credit-access#/financial-fragility1 Wut Mean?: Overall Decline in Consumer Credit Demand (2023): General weakening in most credit application rates. Credit card limit increase applications rose. Rejection Rates Trends: Overall rise in rejection rates for credit applications. Decline in rejection rates for credit card limit extensions and new mortgage applications. Higher creditworthiness among those applying for new …
WASHINGTON (TND) — Many Americans are having trouble making ends meet due to economic conditions, including interest rates. Over the past several months, we’ve heard from many people nationwide about their financial concerns – whether related to business or weekly expenses. In a new Bankrate survey, 50% of U.S. adults say their overall financial situation is worse than …
by confoundedinterest17 The Talking Heads said it best. Bidenomics is burning down the housing market. Bidenomincs (or trying to recover from Yellenomics) is responisble for interest rates rising to flight inflation and the collapse of mortgage lending. And she was … Janet Yellen. Mortgage demand (applications) decreased 4.2 percent from one week earlier, according to data from …
by confoundedinterest17 It’s NOT always sunny in Philadelphia. Particularly when the Philly Fed non-manufacturing survey screams stagflation (a nauseating combination of economic slowdown and inflation). After a positive surprise in July, Philly Fed’s non-manufacturing survey slumped back into contraction in August (from +1.4 to -13.1). Additionally, while respondents continue to expect a growth over the next …
by Dismal-Jellyfish https://www.newyorkfed.org/medialibrary/media/Survey/business_leaders/2023/2023_08blsreport.pdf Wages and Prices expected to continue rising over the next 6 months. TLDRS: New York Federal Reserve Bank’s August 2023 Business Leaders Survey shows the region’s (New York, southern New Jersey, and southwestern Connecticut) service sector activity as stable for the second month in a row. Remember, services are where ~2/3 of …
by Dismal-Jellyfish Table 1 (PDF) | Table 2 (PDF) | Charts (PDF) Wut Mean?: Commercial and Industrial (C&I) Lending: Banks tightened standards for C&I loans to businesses of all sizes. All loan terms for C&I loans, like rate spreads, premiums on riskier loans, credit line costs, and many others, were tightened. Both large and other banks tightened C&I lending …
by confoundedinterest17 Dallas after (economic) midnight! Particularly after 5 consecutive months of negative readings. For the fifth straight month, the Dallas Fed’s Texas Manufacturing Outlook survey disappointed expectations, printing -23.2 vs -21.8 exp) and is negative for a fifth straight month. Source: Bloomberg Texas factory activity declined in June, according to business executives responding to the …
by Dismal-Jellyfish Source: https://www.federalreserve.gov/data/files/scoos_202306.pdf Summary The June 2023 Senior Credit Officer Opinion Survey on Dealer Financing Terms (SCOOS) collected qualitative information on changes in credit terms and conditions in securities financing and over-the-counter (OTC) derivatives. In addition to the core questions, the survey included a set of special questions about the funding of clients engaged in …