Independent thinking for complex markets and current events
The amount of money most workers want now to accept a job reached a record high this year, a sign that inflation is alive and well at least in the labor market. According to the latest New York Federal Reserve employment survey released Monday, the average “reservation wage,” or the minimum acceptable salary offer to …
JUST IN: 🇺🇸 United States lost $5.9 trillion in wealth last year, more than any other country in the world. — Win Smart, CFA (@WinfieldSmart) August 16, 2023 NEW – Russia got richer last year, while the West shed trillions of dollars of wealth, according to UBS. pic.twitter.com/3E790JmosT — Disclose.tv (@disclosetv) August 16, 2023 https://twitter.com/jacksonhinklle/status/1691853636043768185 …
by Chris Black Apple will be a $10 trillion company, Nvidia will easily hit $4 trillion, Amazon at $5 trillion. Valuations and the underlying business conditions do not matter. All that matters is the return. Algos don’t understand that stock A=X is insane. They are programmed to generate returns. As long as cash exists, printed …
by Dismal-Jellyfish Source: https://fred.stlouisfed.org/series/CUUR0000SA0R#0 Zooming in: CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor: July 2022 purchasing power of $100 in January 2000: 57.1 (down -3.33% in purchasing power in the last year!) July 2021 purchasing power of $100 in January 2000: …
Rents in Manhattan hit a new high in July, as higher interest rates and low supply continued to drive up prices. The average monthly rent in July was $5,588, up 9% over last year and marking a new record. Median rent, at $4,400 per month, also hit a new record, along with price per square …
by betsharks0 > In September 2022, adjustable-rate mortgages (ARMs) made up around 9% of all new home loan applications to lenders, according to the Mortgage Bankers Association (MBA) So are these people basically f***ed? The median house payment in the US is now at $2,605/month. This is up 19% compared to 2022 and the most expense median …
by confoundedinterest17 Bidenomics, the term for “Government Gone Wild! in terms of spending and EPA regulations, is a disaster for the US middle class and low wage workers. Even the 1% are now hurting if bought into Biden’s green lunacy. Ford is now down -48% since January 14, 2022 as The Fed started raising rates …
by confoundedinterest17 Inflation under Biden has been very painful for the US middle class and low wage workers. That inflation has resulted to surging mortgage rates thanks to The Fed’s counterattack. The result? Mortgage rates are up 134% under Bidenomics, while mortgage purchase demand is down -45% since Biden was selected. And mortgage refinancing demand …
Hungarian Foreign Minister Says EU Expects To Fund War In Ukraine For Another Four Years …at a cost of €5 billion a year. ❗️FM Szijjártó: The European Union thinks that there will be war in Ukraine for another four years. How many people will die in four years? How many Hungarians will die in four …
by Dismal-Jellyfish Source: https://home.treasury.gov/news/press-releases/jy1662 The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1]for the July – September 2023 and October – December 2023 quarters. During the July – September 2023 quarter, Treasury expects to borrow $1.007 trillion in privately-held net marketable debt, assuming an end-of-September cash balance of $650 billion.[2] …
Ford Motor Company announced it is projected to lose a whopping $4.5 billion from electric vehicles (EVs) this year, up from the previous projected loss of $3 billion. The company released its second-quarter financial results on Thursday. The U.S.-based automaker’s EV division, called “Ford Model e,” has lost $1.8 billion so far this year, according …
There have now been 223,000 tech layoffs in 2023 and we are only 7 months in. That's 60,000 more tech layoffs than the entire year of 2022. pic.twitter.com/bcGE9hUdus — The Kobeissi Letter (@KobeissiLetter) July 30, 2023 "The Nasdaq is outperforming the Dow by more than 30% this year – the widest margin on record in …
“Meta said in its earnings report that it expects operating losses in its Reality Labs unit ‘to increase meaningfully year-over-year due to our ongoing product development efforts in augmented reality/virtual reality and investments to further scale our ecosystem.’” https://www.cnbc.com/2023/07/26/metas-reality-labs-has-now-lost-more-than-21-billion.html
via newsbusters: The New York Times buried the lede in a story about Amazon billionaire Jeff Bezos owning The Washington Post. It isn’t quite profitable, you learn in the eighth paragraph: “The Post is on a pace to lose about $100 million in 2023, according to two people with knowledge of the company’s finances.” The …
A new Center for Immigration Studies video report highlights Texas Governor Abbott’s “Operation Hold the Line”, which has state police and National Guard block immigrants at the Rio Grande River’s edge, and President Biden’s undermining of the state’s efforts to enforce the laws. https://cis.org/Video/Cold-Border-War-Breaks-Out-Between-Abbotts-Texas-and-Bidens-White-House The border agents are making on average $105k a year. https://mint.intuit.com/salary/border-patrol-agent …
by Chris Black Through no fault of their own, the ever virtuous FBI have been fooled into being a corrupt rat’s nest of ideologically poisoned bureaucrats. Russian spies in Ukraine suspected of duping FBI to censor Americans on social mediahttps://t.co/fXdMw0RxSr pic.twitter.com/IKzLWrBQJw — The Washington Times (@WashTimes) July 13, 2023
by Chris Black Do Chinese government officials own a large chunk of Tesla stock? Something is fishy with the numbers when all other data points show a drop in overall sales outside Tesla. The cars aren’t that popular in China. Tesla is way behind the Chinese domestic manufacturers. https://twitter.com/zerohedgeupdate/status/1678432848334962688
Sauce: https://t.co/hlhYnGZS8q — Jack Posobiec (@JackPosobiec) July 7, 2023 President Biden, when asked why the U.S. now plans to send controversial cluster munitions to Ukraine: “They were running out of ammunition.” President Biden, when asked why the U.S. now plans to send controversial cluster munitions to Ukraine: “They were running out of ammunition.” pic.twitter.com/iKSxL7rgBi — …
by Chris Black The article notes also that the government is now pushing to stop teaching German in schools. I’ve never even heard this idea put forward before. They do it in America with the Mexicans, but they don’t promote it publicly. These people just go out there and pretend like the ChatGPT thing isn’t …
Rents are dropping. 📉 Hardest-hit cities include Austin, Las Vegas, and Phoenix, where rental rates are down -6% over the last year. Meanwhile – taxes, insurance, and interest costs are up significantly. Cocktail that could mean forced selling in H2 2023. pic.twitter.com/nKiLmPRW0V — Nick Gerli (@nickgerli1) July 4, 2023 “Landlords who purchased in the last …
by confoundedinterest17 Eggs, bacon and toast. All more expensive under Biden’s economy. And mortgage purchase demand is down -45.3% since Biden was elected and mortgage refinancing demand is down -91% under Biden and mortgage rates are up 128% under Biden’s economy. Mortgage applications increased 3.0 percent from one week earlier (using seasonally adjusted data), according to …
"Why Airbnb owners are about to Sell" Revenue per available listing in Phoenix DOWN 48% in May compared to May last year.https://t.co/TEtoz1PGFY pic.twitter.com/GaVLoNBJS5 — John Wake (@JohnWake) June 26, 2023
This is the THIRD time bulls got rope-a-doped by the Fed in the past year. It happened last summer, and then Powell monkey hammered bulls at Jackson Hole. It happened again in February this year. Leading to mass bank failure. And now. You guys don't learn too good. pic.twitter.com/jE9uJfvCMT — Mac10 (@SuburbanDrone) June 25, 2023 …
The Future of Urban ConsumptionBy 2030 You Will Not Eat Meat and Will Only Be Allowed to Buy 3 Clothing Items a Year, Report Sayshttps://t.co/JQqsehGGSm — EMPIntelligenceNet© (@Megavolts001) June 22, 2023 View post on imgur.com View post on imgur.com View post on imgur.com A report published in 2019 and re-emphasized in 2023 …
via france24: The financial needs of the Global South are colossal. A group of independent experts, specialising in climate finance and working under the auspices of the United Nations, estimated last year that the world needs to allocate $1 trillion a year between now and 2030 for developing countries besides China to respond to the climate and biodiversity crisis. Oxfam …
by Fappinonabiscuit I follow futures. Particularly soybean oil. Someone made a shit post the 08 crash could have been predicted by soybean oil futures and Oreo making a new cookie. I don’t know why I latched onto it but I kept following it because why not it was way out in left field and I …
by Michael Joe Biden and the mainstream media keep telling us that the economy is in good shape, but we continue to get more evidence that directly contradicts that assertion. Over the past few years, the cost of living has been rising much more rapidly than paychecks have, and this has absolutely eviscerated the middle …
by Chris Black The rate of decline is accelerated, more soldiers are leaving the military than are joining and the pace is picking up each quarter. Every single quarter the military reaches new all-time low recruitment numbers. https://www.cfr.org/podcasts/us-military-recruiting-crisis-nora-bensahel Notable Quotes >Nobody wants to go back to a draft. And so, I don’t think we will …
Last year, the Biden administration claimed two quarter of negative GDP didn’t mean we are in recession. Their argument was that other data like GDO (Gross Domestic Output) were still positive. We are in a recession based on the definition they used last year. https://t.co/KGEtHpXaZr pic.twitter.com/Ffvf516XyR — Wall Street Mav (@WallStreetMav) June 16, 2023 U.S. …
via thecooldown: The law, which will take effect on Sept. 1, will also require new electric vehicle (EV) owners to pay a one-time fee of $400 to register their cars in addition to the $200 yearly toll. The aim of the new law is to recuperate some of the tax money the state has lost …