Independent thinking for complex markets and current events
WASHINGTON — Defense industry leaders have been preparing to meet with President Donald Trump at the White House later this week in what is expected to be a contentious discussion as concerns grow over the U.S. supply of missiles, according to two people familiar with details of the meeting. The leaders of roughly seven defense …
People are just now figuring out that Trump likes to TACO on Monday and drop tape bombs on Friday. The market has been in this pattern for four weeks. And then they say, can you believe Trump bought the futures ahead of his announcement yesterday? Yes, I can believe it. As his… pic.twitter.com/4gzyHLPWX8 — Mac10 …
US East Coast bomb cyclone could bring heaviest snow in decades to North Carolina A storm will rapidly strengthen along the East Coast this weekend, delivering heavy snow from the Carolinas to New England, with blizzard conditions likely in the hardest-hit areas. Coastal flooding is anticipated. A storm will rapidly intensify along the Atlantic Coast …
An initial reading of third-quarter gross domestic product showed the US economy expanded at an inflation-adjusted annualized rate of 4.3%, a far faster pace than the 3.8% recorded in the second quarter, according to Commerce Department data released Tuesday. That’s the fastest growth rate in two years. An acceleration in consumer spending, up 3.5% from …
CNBC’s Jim Cramer unpacked Thursday’s market action and worried about declines in the broader tech sector, suggesting insider selling in certain companies is reminiscent of the dotcom era. “Today was a hideous day, but particularly for tech, most especially the data center and AI stocks. See, the money’s headed to the sidelines or headed to …
Wow. Notable drop in consumer sentiment in February. American consumers do not like tariffs. "About one-third of consumers spontaneously mentioned tariffs, up from 27% last month and less than 2% prior to the election." "This is only the fifth time in 14 years we have seen such… pic.twitter.com/SpjN6uanoX — Heather Long (@byHeatherLong) February 7, 2025 …
by notayesmanseconomics As we arrive in Christmas week we find that the data on the UK economy is sending a rather unseasonal message. Here is the official release from earlier. UK real gross domestic product (GDP) is estimated to have shown no growth in Quarter 3 (July to Sept) 2024, revised down from the first …
Jamie Dimon typically pays close attention to the workings of financial markets and the Federal Reserve, but today his most important concern is geopolitics. The economic outlook “is teeny compared to the geopolitical situation we face,” he told an audience Thursday at the Institute of International Finance’s annual meeting in Washington, D.C. He lamented the …
“Preliminary findings in an eagerly awaited parliamentary report into the 2023 collapse of Credit Suisse have identified SERIOUS FAILINGS by Swiss regulatory authorities leading up the bank's demise” No worries SNB the documents are going to be sealed for another 49 years 😉 https://t.co/nsAIWkfVBP pic.twitter.com/502V9kDhR6 — JustDario 🏊♂️ (@DarioCpx) July 14, 2024
This is awesome. Now they are panicking about potential military tribunals for the likes of Liz Cheney and Mitch McConnell 😆 There is some truth to what this guy is saying, but they are spinning it like Trump is planning to go after innocent people. Wrong. These people… pic.twitter.com/lEuKglUMSi — TheStormHasArrived (@TheStormRedux) July 2, 2024
via notayesmanseconomics: The calling of an election in France has already caused some questioning of what some regarded as economic certainties. One is the trope represented by the French finance ministry yesterday. France’s finance minister has warned that the country could face a debt crisis akin to the UK’s gilt market turmoil under former prime …
Rep. Alexandria Ocasio-Cortez, D-N.Y., recently revealed she’s worried former President Trump would throw her in jail if he wins the November election. Ocasio-Cortez spoke with podcast host Kara Swisher for her show, “On with Kara Swisher,” which published the interview Thursday. They touched on the power of technology corporations — including Ocasio-Cortez’s “tangle” with Amazon and tech …
Credit card delinquencies are starting to go vertical pic.twitter.com/QcBcMdmbDF — QE Infinity (@StealthQE4) June 1, 2024 ‘We got to keep the consumer in the game’: Brian Moynihan worries about a spending slowdown Bank of America’s CEO says inflation has been sapping U.S. sentiment Bank of America Corp. Chief Executive Brian Moynihan said the economic …
March is bringing more than just the promise of spring; it’s also delivering a dose of economic tension as regional banks find themselves in a pressure cooker. High-interest rates coupled with challenges in the commercial real estate market have set the stage for a financial storm, and the expiration of a short-term federal loan program …
Jan 19 (Reuters) – China has instructed heavily indebted local governments to delay or halt some state-funded infrastructure projects, three people with knowledge of the situation said, as Beijing struggles to contain debt risks even as it tries to stimulate the economy. Increasing its efforts to manage $13 trillion in municipal debt, the State Council …
China’s central bank has made a historic move by injecting a record $112 billion into the financial system, according to reports from Bloomberg. This substantial cash injection comes as the Chinese yuan experiences depreciation against the US dollar, posing challenges for exporters and raising concerns about potential inflation. The Chinese economy has been grappling with …
The actions of President Zelensky in recent times have raised serious concerns about his leadership and the state of democracy in his country. The reported instances of internal discord within the military, cancellation of elections, arrests of political opponents, suppression of dissent through media restrictions, and the alleged hoarding of foreign aid for personal and …
Many are realizing the US government manipulates economic data through various means, raising concerns about data authenticity. Others are catching on to the fact that the US government is faking economic data. There are thousands of economic PhDs and statisticians whose entire job is to massage the data so that it fits the narrative desired. …
by Chris Black We can do every war, everywhere. No one can stop us. We’ll fight China and all of Africa too. We’re the best! "Are the wars in Israel and Ukraine more than the United States can take on at the same time?" Scott Pelley asks President Biden. 60 Minutes, tonight. https://t.co/mEN4CWeXMW pic.twitter.com/b3FC9yQiVE — …
Guests and contributors on a Wednesday “Morning Joe” segment worried that too many women in post-Dobbs America will become mothers instead of working corporate jobs. The segment lamented over a study showing the job market has more vacant positions in states with strict abortion bans since the Supreme Court overturned Roe v. Wade in June …
IMF worries inflation can't be stopped pic.twitter.com/TE6PwuvYFj — Peter St Onge, Ph.D. (@profstonge) July 6, 2023 Dallas Fed President Lorie Logan gets right to the point in her speech: “I remain very concerned about whether inflation will return to target in a sustainable and timely way. And I think more-restrictive monetary policy will be needed …
by confoundedinterest17 61% of Bloomberg terminal respondents (including me, by the way) see Fed hikes leading to recession. Bond traders are stepping up wagers that the Federal Reserve will steer the US economy into a recession. Policy-sensitive front-end Treasuries led a selloff Thursday, while longer-date bonds lagged, a day after Fed officials indicated that they’re prepared to …