A hub for independent voices and hard truths
Conservative majority sides with GOP in major blow to minority representation… Decision allows states more leeway in redrawing districts before 2026 midterms… Justice Roberts: “The world has changed” as court shifts power back to state houses… Democrats warn of “systemic …
The correlation is not perfect every time, but it is well-supported by data and market behavior over multiple cycles. One more final push and bonds switch to bullish. Here's the 10Y. Right on the edge of resistance.$TLT pic.twitter.com/ZJly6dvUAe — Fibonacci …
The economy is facing a storm of contradictions, and it’s beginning to show its cracks. As tariffs weigh heavily, the fear of inflation is creeping back into the market, even as the dollar is in freefall. The result? A liquidity …
by Mike Shedlock ISM services slipped in January as manufacturing rebounded. ISM chart and excerpts below by permission from the Institute for Supply Management® ISM® Please consider the January 2025 Services ISM® Report On Business® emphasis mine. The report was issued today by …
Japan will be forced to hike again. pic.twitter.com/OZoNx4M9IK — Don Johnson (@DonMiami3) December 26, 2024 Translation : Urgent need for rate hikes. https://t.co/jAWawyZ51o — The Great Martis (@great_martis) December 27, 2024 📊💴 Tokyo inflation accelerates, fueling rate hike expectations Tickers …
California’s job market worsens: employment drops, unemployment rises, labor force shrinks. https://t.co/ANUo7WJBMK — WarnTracker 2.0 (@j77324) December 20, 2024 Nevada’s labor market shows recession signs: employment declines monthly since June. It 100% is. The entire situation is just getting worse, …
Oil prices tumbled Monday with markets relieved that Israel’s strikes on Iran had avoided the country’s energy infrastructure while the yen fell to a three-month low after Japan’s ruling party suffered an election drubbing. Israel carried out air strikes on …
by Mike Shedlock The McKelvey-PMES recession indicator dipped a bit in September but the signal still implies recession. 100 percent of the time, with no false positives or negatives, under current conditions, the economy has been in recession. The odds …
Fed flip flopping policy comes with consequence. https://t.co/0LzCCvKTbR — The Great Martis (@great_martis) October 8, 2024 Dow Jones Update✍️ Momentum falling off a cliff.Relative strength lower highs. The churn up against resistance is a Warning signal.⚠️ pic.twitter.com/97dKcEBD3B — The Great …
Overnight, the BOJ fueled a global RISK ON rally with their announcement that there will be no further rate hikes while markets are "unstable":https://t.co/nX1iahwa8M For pundits such as Zerohedge who are still asserting that a mere .25% rate hike imploded …
US bankruptcies are riding rapidly: 275 large companies have declared bankruptcy through May of this year, the 2nd highest since 2010. Over the last 14 years, only 2023 saw a higher count of bankruptcy registrations, at 277. In May 2024 …
via notayesmanseconomics: The economic theme of 2024 so far has been the expectation of and then the failure to appear of interest-rate cuts in the United States. This has a particular feature in that one member of the US Federal …
Simply put, China’s economic recovery has been unbalanced. As Bloomberg reports, manufacturing is holding up, thanks to resilient overseas demand and Beijing’s efforts to cushion the blow from US trade restrictions by developing advanced technologies at home. But Chinese consumers …
via Mike Shedlock: Cheers to France if pending legislation passes as currently written. It effectively scraps most hard commitments and turns more towards nuclear power. Preliminary Bill relating to Energy Sovereignty Please consider a Google translation of a Preliminary Bill relating …
Bank of Japan’s Ueda indicates uncertainty on exit policy, maintains current approach, expresses doubt on 2% inflation target. Monetary policy leans towards easier measures, impacting Japanese Yen. #BankofJapan's #Ueda:'can't say what an exit policy will entail.''patiently continue' with current policy.'we're …
The current economic landscape is giving rise to growing concerns, with labor market deterioration, tightened lending standards by banks, and persistent inflation creating a potential stagflationary environment that could impact consumers’ purchasing power and lead to an economic slowdown. This …
via mishtalk: The US Manufacturing PMI improved a bit but remains in contraction as service sector growth weakens. S&P reports US expansion loses momentum as service sector growth slows in July. S&P US Composite PMI™ Key Points Flash US PMI Composite …
“China’s weaker than anticipated re-opening has caused a sharp pullback in Chinese equities Chinese stock valuations, relative to that of the US, are now at historically low levels” China's weaker than anticipated re-opening has caused a sharp pullback in Chinese …