Independent thinking for complex markets and current events
by Mike Shedlock This post was inspired by CCN and MSNBC rants over the price of eggs. CPI food price data from the BLS, chart by Mish I started a presidential year in February ending in January, but it makes little difference to these calculations. Food Price Change Under Trump, Total 4 Years Food at …
14 Democrat AGs sue Trump and Musk, claiming unchecked power. DOGE slashed bureaucracy, and now the establishment panics. Accountability terrifies them. 14 Democrat State Attorneys General Sue Trump, DOGE, Claim Musk Operating with Unchecked Power – White House Responds A group of 14 states sued Elon Musk and President Donald Trump on Thursday, arguing that …
by Mike Shedlock Gold does not believe the Fed has things under control and neither do I. Image from Trading Economics, Annotations by Mish. Gold Hits Record High on Safe-Haven Demand Amid Tariff Threats Reuters reports Gold hits record high on safe-haven demand amid tariff threats Gold prices rose to hit a lifetime high on Thursday, …
Everyone understood that this was going on, in private business as well as universities. Acquaintances would just outright say "We're looking to hire a woman of color/queer person/etc for this position". I never figured out how to politely ask why they were confessing a crime to… https://t.co/ayEKvPRwmY — Megan McArdle (@asymmetricinfo) January 27, 2025 Drummond …
"The S&P 500’s #valuation, measured across multiple metrics like P/E, #CAPE, and market cap to #GDP, is at historical extremes, reaching prior peaks." – @thedailyshot pic.twitter.com/WXGb2KS3mv — Lance Roberts (@LanceRoberts) January 22, 2025 $SPY vs. $VIX Correlation Chart: SPY is approaching just 1% below its all-time high, but VIX isn’t budging. Could this be a …
Food stamp recipients could be prevented from purchasing soft drinks, candy, ice cream and more under a new House bill. Rep. Josh Brecheen, R-Oklahoma, introduced the Healthy SNAP Act last week. The bill would exclude junk food and prepared desserts from benefits provided by the Supplemental Nutrition Assistance Program, the official name for food stamps. …
by confoundedinterest17 This is the worst start to a fiscal year EVER: – Spending is up 10.9% – Receipts are down 2.2% – FYTD deficit up 39.4% at $711 billion They’re handing Trump a ticking time bomb! Speaking of Biden handing a ticking time bomb (according to Zero Hedge), after rising for 5 straight months, …
President-elect Donald Trump has appointed Robert F. Kennedy Jr. to lead the Department of Health and Human Services (HHS), a critical agency with a budget of nearly $2 trillion. HHS is responsible for overseeing Medicare, Medicaid, and the Affordable Care Act. The agency also plays a pivotal role in shaping public health policies and ensuring …
BREAKING: #Bitcoin plummets under $100K and loses over $103 billion in market valuation within hours. pic.twitter.com/jcpQiNuCD9 — Jacob King (@JacobKinge) January 7, 2025 BTC sells off, and Tether can’t hold its $1 peg. The faithful will say it’s no big deal, but despite all its liquidity and treasury assets, Tether time and time again shows …
by confoundedinterest17 We are all riders on the Biden housing storm. Existing-home sales have finally started to improve on a seasonally adjusted basis after a three-year decline. Cause? Raging home prices combined with higher than normal mortgage rates. Home prices are up 35.4% under Biden while conforming 30Y mortgage rates are up 148%.
Recession dont exist in a AI market, its a thing of the past. Economic textbooks are being rewritten. White-Collar Recession: A Warning Sign A white-collar recession often serves as a precursor to a broader market downturn. Similar trends were observed in 2000 and 2008, both of which were followed by recessions in 2001–2002 and 2009, …
How dumb is that governor? NEW YORK (Reuters) – New York state will fine fossil fuel companies a total of $75 billion over the next 25 years to pay for damage caused to the climate under a bill Governor Kathy Hochul signed into law on Thursday. The law is intended to shift some of the …
Isn't it odd that the US Census released this data right after the US elections? Around a 4.6 MILLION immigrant increase since 2020 compared to the previous lies Total increase since Biden flooded the border, 7.2 MILLION. Do the math, each immigrant costs US taxpayers $68,000… pic.twitter.com/dc5AL4HLSw — Darth Powell (@VladTheInflator) December 30, 2024 Biden …
MicroStategy down 20% this past month… pic.twitter.com/gktBF4BlHF — Love♡Peace 💯 (@EricHar82699093) December 30, 2024 JUST IN: MicroStrategy stock, $MSTR, has now plummeted nearly -50% from its all time high seen 1 month ago. pic.twitter.com/k6PrRuqyTr — Jacob King (@JacobKinge) December 30, 2024 Unpopular truth: Bitcoin is a massive bubble, sustained by fraud, and when it collapses, …
California unemployment is pulling a 2008 trajectory https://t.co/XQ40iAtKV0 — Darth Powell (@VladTheInflator) December 24, 2024 🚨 Another half-million jobs reported under Biden turn out to be phantom! 🚨 The Philly Fed's recent findings reveal that Q2 job growth was actually negative, with all reported gains set for revision in 2025. This follows an alarming downward …
by confoundedinterest17 Inflation soared under Biden/Harris, primarily due to their outrageous wasteful government spending. US government spening soared with Covid and politicians enjoyed the unbridled spending. Let’s see if Trump and Republicans can do any better.
This isn’t bullish as many claim. What’s happening is there’s limited demand for credit/leverage in China. Yet, b/c banks are sitting on liquidity, they are piling into Chinese bonds, which is driving rates on these bonds lower. While some are saying this is QE, THEY ARE WRONG. https://t.co/rIH1RNoXkP — Gordon Johnson (@GordonJohnson19) December 17, 2024 …
by Martin Armstrong Inflation data is skewed and does not factor in the reality that the costs of basic necessities like food and housing have not waned significantly since COVID began. Shelter costs, in particular, have become unaffordable for the majority. Redfin recently reported that 74% of Americans earning under $50,000 are seriously struggling to maintain consistent …
meanwhile stock market 😂 pic.twitter.com/42t88hpxDv — Punet (@pm_2781) December 10, 2024 Historically, extreme retail investor bullishness has often been associated with market tops or speculative bubbles. For example: Dot-com Bubble (Late 1990s): During the late 1990s, retail investors poured into tech stocks, driving valuations to unsustainable levels. The Nasdaq peaked in March 2000 before a …
by confoundedinterest17 CMBS delinquencies are on the rise. The delinquency rate for commercial mortgage-backed securities (CMBS) tied to office properties reached 10.4 percent in November 2024, approaching the 10.7 percent peak reached during the 2008 financial crisis. The ascent is the fastest two-year increase on record, with rates climbing 8.8 percentage points since late 2022, …
Ahmed Al Sharaa, an Islamist militant in his late 20s, moved back to Syria from Iraq in 2011 with six men and a monthly stipend of $50,000 from Abu Bakr al-Baghdadi, who would go on to become the world’s most wanted terrorist. His mission was to establish Al Qaeda’s Syrian affiliate, Jabhat Al Nusra. Sharaa is now commanding …
by confoundedinterest17 Like a Great White Shark, Bitcoin has breached $100k! Gold, a competitor to the US Dollar, is down a bit today, but has been rising with the prospect of Trump deregulating the hamstrung US economy. Gold rose under Biden/Harris (and McConnel/Schumer’s) gross fiscal mismanagemment. Here is a picture of Bitcoin breaching the surface. …
“How to gum up the system.” Immigration Lawyer USA Alena Shautsova shares invaluable tips and strategies used by experienced Deportation attorneys to defend clients in Immigration courts.
The law will make social media platforms liable for fines of up to 50 million Australian dollars (£25m) if they don’t systemically stop children younger than 16 from holding accounts. Australian senators have passed a world-first law that bans under 16s from having social media accounts. The legislation is set to come into force in …
by Martin Armstrong Governments are enacting subtle regulations over crypto. Texas has come out to demand that crypto miners report their power usage to the Electric Reliability Council of Texas (ERCOT). The state claims they need this information to regulate its volatile power grid. Public Utilities Commission of Texas (PUCT) Chairman Thomas Gleeson stated that …
“More than us having DPD stationed at the county line to keep them out, you would have 50,000 Denverites there,” Johnston said during an interview with Denverite. “It’s like the Tiananmen Square moment with the rose and the gun, right? You’d have every one of those Highland moms who came out for the migrants. And …
Has a trip through the drive-through become an extravagance? The vast majority of Americans say so. A recent nonprobability survey conducted by LendingTree found 78% of consumers now consider fast food to be a “luxury” purchase due to how expensive the meals have become. Half of those polled said they view fast food as a …
by confoundedinterest17 Fortunately, the Biden/Harris administration is winding down. On the mortgage side, the mortgage market is already gone under Biden/Harris where mortgage purchase applications are down a whopping 60%. Mortgage applications increased 1.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November …
