Independent thinking for complex markets and current events
Consumer spending is collapsing. This chart is just ugly. Stimmies are drying up and inflation continues to pressure spending. Never forget: Consumer spending represents 70% of the economy. pic.twitter.com/tTPeM1fKMp — QE Infinity (@StealthQE4) June 2, 2024 Savings Depletion: Many households have been drawing from their savings, which may not be sustainable in the long term. The …
Banks have been extending credit using a rule of thumb that a property’s operating income will be at least 8% of the loan every year, though other experts claim a 10% test is being applied to some newer loans. h/t TheNeighborhoodNerd
by seeyalaterdingdong According to UMichigan’s Surveys of Consumers, it is just about the worst time ever to buy a home with the exception of parts of last year when mortgage rates were pushing 8% and in 1981 at the beginning of the recession when mortgage rates were 18%. They buying conditions plot takes into account …
Stagflation is when the economy experiences both high inflation and high unemployment. The last time America’s economy experience this was back in the 1970s. Many are now believing – including JP Morgan’s Jamie Dimon – that stagflation could be returning in 2024 and 2025. This outcome would be the Federal Reserve’s and Jerome Powell’s worst …
In the bustling aisles of our supermarkets, frozen foods offer the promise of convenience and time-savings, but what lurks within these quick meal solutions might give you pause. While they dazzle with vibrant packaging and the allure of a quick, tasty meal, a deeper dive into their contents reveals a less appetizing reality. Recent findings …
Bankruptcies are hitting average American families, and U.S. businesses really hard in 2024, according to data from the U.S. Courts. Higher consumer prices are making Americans take on massive loads of debt just to get by, while businesses are being impacted by decreased sales and falling profits at a time costs continue to climb. The …
This bill might have the opposite effect of its objective https://t.co/iVueyzJ5gG — Elon Musk (@elonmusk) May 3, 2024 https://t.co/KMXQDk3OKX — Stmicheal (@Stmichealsword) May 3, 2024
According to a report published on Monday by The Washington Times, two seasoned IRS officials, Gary Shapley and a guy going by the name “Mr. X,” testified before Congress about their investigations into Hunter Biden’s numerous alleged tax-related infractions. Biden’s accountants once demanded that he sign a representation letter confirming the accuracy of his declared …
#recession … #Tech Bubble 2.0 edition #ArtificialIntelligence $SMCI 📉 ☠️ https://t.co/aMbJZAmuol pic.twitter.com/TzrnPdiFGR — Invariant Perspective (@InvariantPersp1) April 19, 2024 🚨BREAKING STOCK NEWS📉 : Super Micro Computer (SMCI) Stock CRASHES -15% Amid Financial Result Concerns – $SMCI reached its peak on the day of the ODTE white paper bubble release in March and has since plummeted …
The Village of Dolton in Illinois voted Monday to hire former Chicago Mayor Lori Lightfoot as a “Special Investigator” to look into Dolton Mayor Tiffany Henyard. Starting Tuesday, Lightfoot will be paid $400 an hour to gather information on Henyard’s alleged spending and finance mismanagement as well as “any state and federal violations.” Ahead of …
People that are paid will support Biden until the monthly check stops. Maybe there is a cure for TDS after all.😳😳😳pic.twitter.com/On8iC8gBiI — eve (@eveforamerica) March 29, 2024 The Biden administration is literally destroying the US. The border chaos was planned, as are the environmental restrictions, which are designed to cripple the US economy. The justice …
The Russell 2000 index has risen 24 per cent since the beginning of 2020, lagging behind the S&P 500’s more than 60 per cent gain over the same period. The gap in performance shakes up a long-term historical norm in which fast-growing small-caps have tended to deliver punchier returns for investors who can stomach the …
Why is no one talking about RFK choosing Nicole Shanahan X Wife of the founder of Google? RFK claims to be against Big Business and tech Censorship. Then chooses a Tech Overlord for his Vice President pick. I get it. Campaigns are expensive. But out of all your potential VP choices you choose the X …
https://twitter.com/WallStreetSilv/status/1772015363586134336 Cuba’s government has for the first time asked the UN’s food programme for help as food shortages on the Communist-run island worsen. The World Food Programme (WFP) said it had received an unprecedented official request from the Cuban government for help providing powdered milk to children under seven years of age. The request is …
Donald Trump just endorsed the worst Deep State candidate this cycle. @MikeRogersForMI is a never Trumper, and a card carrying member of the spy state that seeks to destroy Trump. You have to ask yourself who gives Trump this awful advice? Who’s next, John Bolton? pic.twitter.com/TZXRYLtFv6 — Rand Paul (@RandPaul) March 11, 2024 Rand Paul …
Bill Clinton & Hillary Clinton Are Global Criminals “The Clintons have destroyed Haiti for decades.” “Haiti have gold. We have one of the largest gold mine in the Caribbean. Who do you think is in charge of our gold right now? The contract. Tony Rodham, Hillary Clinton's… pic.twitter.com/VBN3Hfi4kr — Wall Street Apes (@WallStreetApes) March 6, …
It’s not like artificial intelligence caught Sundar Pichai off guard. I remember sitting in the audience in January 2018 when the Google CEO said it was as profound as electricity and fire. His proclamation stunned the San Francisco audience that day, so bullish it still seems a bit absurd, and it underscores how bizarre it is …
by confoundedinterest17 Well, this might keep The Fed talking heads up at night. Over the past year or so, the Fed has been intensely discussing inflation in “core services,” which is where inflation had shifted to in 2022, from goods inflation which had spiked into mid-2022 but then cooled dramatically. So “core services” is where …
via Egon von Greyerz In this critically important Gold Matters discussion, VON GREYERZ principals, Egon von Greyerz and Matthew Piepenburg, place the enormous risks of the current U.S. equity bubble within the much-needed context of unprecedented global economic factors. Egon opens the discussion with a brief review of the unprecedented string-cite of global geopolitical, social, …
Key Takeaways Roku, which went public in 2017, saw its stock close at $72 Friday after closing at $94.50 per share Thursday. Roku’s stock drop Friday was a continuation of an after-hours plunge it experienced Thursday, when it said it expected roughly $370 million in total gross profit for the first quarter, which was below …
by confoundedinterest17 Today’s jobs report was UGLY! How when the US unexpectedly added 353K “jobs” – the most since January 2023. Remember, Biden is President. And apparenty El Presidente of Latin America, Africa and Asia. Let me start with the official Biden jobs report versus the ADP jobs report from yesterday. BLS showed an amazing …
(Bloomberg) — A sense of panic gripped Chinese investors on Friday as shares swung sharply in the final hours of trading before closing at a five-year low. Traders couldn’t pinpoint any fresh news behind the moves but cited concerns about forced sales by leveraged shareholders as among reasons for the sudden acceleration of losses in …
President Joe Biden’s average job approval rating across his third year in office languished at the lowest point of any U.S. president since Jimmy Carter was in the White House, a Gallup poll released Thursday shows. Biden’s third year extended from Jan. 20, 2023, to Jan. 19, 2024 during which time he had an average …
One problem is that they allow residential condos and housing to be bought by off shore individuals, which then sit vacant or be used as short term rentals. This money is coming from places like HK and Macau. It's driven up prices on the west coast and Toronto for that matter to… — Croxxed Out …
Worst start to the year for stocks since 2008 pic.twitter.com/OJpvx9FpDo — zerohedge (@zerohedge) January 5, 2024 The global stock market is off to a rocky start in the new year, experiencing its worst performance since the financial crisis of 2008. As concerns mount and comparisons to the tumultuous year of 2020 arise, investors are bracing …
by confoundedinterest17 Bidenomics has cast a gloom over the housing market. Mortgage rates up 130% under Biden while housing prices have soared. For the average American, 2023 was the worst year ever for housing affordability—and now there’s more data to back it up. According to Redfin data analyzed by Creditnews Research, the average U.S. household …
by dimknaf 2023 was the year I realised the power of Reddit. I am really impressed by the quality of knowledge and how helpful people are. Also, compared to other platforms (like FB), I see no hate speech, and respect (self sarcasm is more often). This is an experience I truly felt when I started …
via naturalnews: Ongoing efforts by the powers that be to stop the current financial Titanic from sinking are failing as banks in the totality of 2023 cut more than 60,000 jobs. The collapse earlier this year of First Republic Bank, Silicon Valley Bank and Signature Bank prompted the private Federal Reserve and other central banks to facilitate the mega-merger of Credit …
via mises.org: According to the latest monthly statement from the Treasury Department, the total budget deficit for the 2024 fiscal year (which began October 1) has already risen above $380 billion. The new total, which includes the months of October and November, puts the US on track for a total annual deficit of more than …
