Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But average transaction prices rise to record highs. In terms of new-vehicle sales in the US, 2018 was the third relentless down-year in a row for three of the four biggest automakers, GM, Ford, and Toyota. …
Markets are already positioned well below the #FOMC dots. via @SoberLook pic.twitter.com/iweCWoToE9 — Taylor-Swift Yield Spread (@TayTayLLP) December 6, 2018 The futures market is now pricing in less than 20 basis points of rate hikes next year. https://t.co/5LoOrY5Tb3 via @SoberLook …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter After the hullabaloo on Wall Street and in the media about the comments made by Fed Chairman Jerome Powell and Vice Chairman Richard Clarida this week, the Fed released the minutes of the FOMC meeting on November 7-8. The …
by Jeff Clark, Senior Precious Metals Analyst, GoldSilver Mike Maloney was excited. It was our weekly company meeting, and he interrupted it to tell us all about a new recession indicator he’d just discovered. In fact, he said it is …
It’s difficult to take Jerome Powell’s jawboning about an independent Fed unaffected by either Trump’s ongoing verbal assault or the markets’ recent declines when he supposedly, suddenly, sees an entirely different economic reality than he did two months ago. Fed …
via Yahoo: General Electric Company has watched its share price crater more than 56 percent across 2018. Investors are taking fright at its huge debt pile. The wider U.S corporate debt market has stretched to more than $9 trillion. How …
by AlexPitti The October industrial production report was positive as industrial production growth was 4.1% year over year and manufacturing growth was 2.7% year over year. Both hit a 10 year high. About 70% of industrial production growth was due to oil …
by Chris I don’t have a personal stake in Bitcoin, or any crypto, but I am tracking this very closely because I think there’s a relationship between buying and selling in the crypto space and the broader markets. Also, every …
It’s not been a pretty year for anyone who owns Bitcoin, but the last 24 hours has been a period to forget as the cryptocurrency dropped below $100 billion in market cap for the first time in more than a year. You …
By Nick Cunningham Canadian oil prices briefly plunged as low as $15 per barrel last week, after a U.S. federal judge blocked the construction of the Keystone XL pipeline. Canada’s oil industry has lurched from pipeline crisis to pipeline crisis, with projects blocked …
by Michael Snyder We just got more evidence that the U.S. economy is starting to slow down. The U.S. economy must produce somewhere around 200,000 jobs a month just to keep up with population growth, and last month we were way …
The U.S. Federal Reserve’s portfolio of Treasury and mortgage-backed securities has dropped below $4 trillion for the first time in more than four years, according to Fed data. The portfolio was assembled through three rounds of purchases starting during the …
Bitcoin’s price dips lower amid cryptocurrency sell-off from CNBC. via CNBC: Bitcoin nears its lowest level of the year with other major cryptocurrencies ether and XRP falling double digits. The total cryptocurrency market capitalization has dropped by $19 billion in …
via latimes: California’s greatest contradiction is almost Dickensian: In a state often cited as home to scores of billionaires, almost 4 in every 10 residents are living at or near the poverty line. Some live in rural regions removed from the …
From the Danish Meteorological Institute (DMI) it is now more than 50 Days in a Row Arctic Temperatures Below Normal. This is the entire 80N latitude to the North Pole 90N across the entire top of our planet. Hard to …
U.S. Treasury Secretary Steve Mnuchin said some oil buyers could get waivers to continue buying Iranian supplies despite American sanctions on the Middle Eastern country. Concerns about the aggressive U.S. policy to remove Iranian barrels from the market have raised …
via Kimble This chart looks at the New York Stock Exchange Index (NYSE) over the past couple of years. Since the election in the fall of 2016, the index has spent the majority of the past couple of years inside of rising …
via Forbes In my opinion, JPMorgan Chase & Co (JPM) is the most important stock if you are worried about all the crosscurrents facing the global economy. JPMorgan is the biggest of the “too big to fail” U.S. money center banks and …
BY SRSROCCO After another negative press release this morning, the major cryptocurrencies fell towards crucial support levels. According to a Zerohedge article, quoting CNBC, Japan’s chief regulator launched a probe of crypto-exchanges, prompting the largest to halt new account creation, thus sending …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Apparently, the trade talks have collapsed. On May 20, Treasury Secretary Mnuchin declared that the US-China trade war was “on hold” while the trade talks were being conducted. That didn’t last long. Apparently, those talks have …
by Brian Maher of Daily Reckoning Bad news frightens us — but good news terrifies us. The May jobs report came out Friday. It revealed the unemployment rate has sunk to a booming 3.8%. For only the second occasion since 1969… …
Chart: VIX is below 12 again – pic.twitter.com/JnyAc2HIZj — (((The Daily Shot))) (@SoberLook) June 7, 2018 we are in the latter innings of an economic cycle. pic.twitter.com/NbKonj1Xyh — Alastair (@StockBoardAsset) June 5, 2018 FT: Eurozone GDP data confirm first-quarter growth …
by the_standard_deal I just wanted to share my story for the readers of personal finance. I know sometimes it can be tough making sound choices while your peers happily stretch, so I hope my story reassures you. Original post was …
by Jim Quinn 30 year mortgage rates are at seven year highs. I refinanced at 3.25% years ago. Now rates are at 4.75% and rising. Remember the housing bubble that burst from 2006 through 2012? Well, home prices nationally are …
Thanks for watching this interview, ‘The Purchasing Power Of The Dollar Can Definitely Go Below Zero’, with Lynette Zang (Chief Market Analyst with ITM Trading). Share your thoughts below and give us a thumbs up if you enjoyed our discussion.
By Irina Slav The International Monetary Fund dampened optimism about oil prices by forecasting the average for Brent at a little over US$58.24 a barrel next year, down from this year’s projected US$62.31. And things only get worse from there, with …
https://sdbullion.com http://www.silverdoctors.com/precious… The S&P 500 closed below its 200-day moving average. This hasn’t happened since June 2016. Tomorrow we could see an avalanche of selling, economist Jerry Robinson tells Silver Doctors. Looking at the monthly chart, the S&P 500 uptrend …
BY SRSROCCO As investors continue to believe the stock market correction is over, the next big stop for the Dow Jones Index is 19,000. When the Dow falls below 19,000, all doubt will be removed as the best investment strategy …
Cable news viewers are abandoning CNN in droves. Their 24/7 anti-Trump programming policy isn’t working out so well, it seems. Even the Hallmark Channel is beating them in some areas. How embarrassing for them. http://americanlookout.com/sinking-ship-cnn-falls-below-the-hallmark-channel-in-prime-time-viewership/ h/t Voluntaryist
