Powell said that in hindsight they should have moved quicker to counteract inflation. Wouldn’t logic say that because they didn’t they would need to play catch up and move quicker now?? 25bps? At this point who can take them seriously, …
by confoundedinterest17 As inflation worsens, the University of Michigan survey of consumers fell again as US inflation worsens. On the housing front, buying conditions for houses fell to 70 as a result of soaring home prices. MY confidence in Biden and …
by Martin Armstrong QUESTION: Greetings! You have said “they” want the economy to turn down, this is their goal with all the lockdowns. So now you say that if the economy has a low after March it will mean a …
by Martin Armstrong Public confidence is continuing to decline, according to a recent poll from the Trafalgar Group partnered with the Convention of States Action. The survey conducted in December recorded responses from 1,076 Americans who seem to be concerned that society …
by Martin Armstrong Americans have lost faith in the economy after a year of runaway inflation and incompetent leadership. The Economic Confidence Index (ECI) fell to -33 last week, similar to levels seen during April 2020 when the world economy …
via kitco: The news headlines this week, along with the rising gold price, is implying investors across the globe have finally accepted that inflation will continue to run hot. Despite the best efforts by central banks to convince them that surging …
Markets turn risk on. Producer prices rise to levels not seen since peak #inflation of the 1970s. Inflation is double the Fed’s benchmark now and will be triple by year end. #Bitcoin rallies on #ETF news, but will likely sell …
Business confidence in the UK has collapsed after a month that has seen supply bottlenecks, rising energy prices, fuel shortages and looming tax increases combine to stifle growth. In its latest health check on the economy, the Institute of Directors …
by confoundedinterest17 This is the Steve Urkel economy where The Federal Reserve and Federal government screw everything up with their policies (or follicies) and say “Whoops! Did I do that?” (Bloomberg) — U.S. consumer sentiment rose slightly in early September but remained …
By Michael Lebowitz and Lance Roberts Despite more weak economic data from China, U.S. stocks are set to recover yesterday’s losses and more. ADP will be released at 8 am ET. The current consensus expectation is for the formation of …
by Craig Hemke via Sprott Money News On Twitter earlier this week, someone sent me a note asking if this weekend’s events represented “Peak America”. I responded that “Peak America” actually came a long time ago. The fall of Afghanistan is just the …
Homebuilder confidence fell to a 13-month low in August as higher material costs and home prices hurt sentiment. The National Association of Homebuilder’s/Wells Fargo Housing Market Index declined by 5 points in August to 75, the lowest reading since July …
by confoundedinterest17 The NAHB Homebuilder confidence index dropped to a 13 month low as building materials rise by 19.4% YoY. Of course, then we have the University of Michigan conditions for buying a home crashing as well. Rising home prices and …
WELL, IT SHOULD: Afghanistan takeover sparks concern from NATO allies. The US withdrawal and rapid deterioration of the security situation in Afghanistan has prompted criticism among some NATO alliance members. Senior politicians in NATO countries that supported the US-led operation in …
(Bloomberg) — U.S. consumer sentiment fell in early August to the lowest level in nearly a decade as Americans grew more concerned about the economy’s prospects, inflation and the recent surge in coronavirus cases. The University of Michigan’s preliminary sentiment …
Back in 2008, during the global financial crisis, business confidence in Australia took a hard tumble. Curiously, that low marked the start of a multi-year rally in the ASX 200. Watch our Asian-Pacific expert show you the latest position of …
Unpaid rent and mortgages become a big problem for lenders and landlords. Food prices are rising significantly as we see the inflation at this time. More money, cash, debt, entering the system. There is an influx of capital going into …
by WARREN MOSLER Rolling over: Also rolling over, and inline with the drop in retail sales: U.S. auto sales are falling as vehicle prices climb, indicating that buyers at the lower end are getting squeezed out of the new …
buy bonds, sell stocks, recession fears still linger pic.twitter.com/HnkQHlTkfz — Alastair (@StockBoardAsset) March 26, 2019 Consumer Confidence Crashes Most Since Oct 2008 After a hope-filled rebound in February, Conference Board Consumer Confidence tumbled in March with Present Situation plunging to 11-month …
What is happening in the House of Commons today is a failure of democracy. The Liberals probably lost a confidence vote but it was blocked. Members may have been intimidated and prevented from voting. This is insane. Help me spread …
RTD Interview Questions: 1. What comes to mind when Joel Bowman hear the words “Rethinking the Dollar”? (1:15) 2. How important is it for citizens to take more interest in their financial education? (3:00) 3. How did Joel Bowman …
By Nick Cunningham The oil industry is starting to feel the pressure of climate change. Oil executives, by and large, have not been swayed to change their business practices despite years of warnings about the climate crisis. However, they are …
via northmantrader: The global economic landscape remains weak yet there appears to be no concern on the side of bulls and investors alike, so firm is the belief that the earnings recession that is unfolding is temporary, so firm is the …
by John Ward Sometimes, we have to desist from valour in favour of discretion. The Parliamentary, media, EU, Leftlib and Whitehall élites are not going to let any meaningful (today’s new word for pointless) form of Brexit happen. If they can’t …
Wall St. For Main St., Released on 2/12/19 Jason talks about Americans’ Confidence About Their Own Finances Reaches Near-Record Highs https://247wallst.com/economy/2019/02…
BY PATRICK WATSON Actions speak louder than words. That’s why surveys asking people what they think about the economy aren’t always useful. Their actions might not match their words. Of course, attitudes are important because they guide our decisions, even though we don’t …
by WARREN MOSLER Looks like this source of private sector deficit spending may have been the driver behind about 1.5% of GDP growth, taking the place of bank lending. But most recently the growth looks to have slowed: US Q1 …
by WARREN MOSLER Apple says China sales fell 27% last quarter (Nikkei) Apple’s net sales in greater China, including the mainland, Hong Kong and Taiwan, fell 27% on the year to $13.17 billion for the three months ended Dec. 29 …
by Martin Armstrong The British pound moved higher following the British Prime Minister Theresa May’s government narrowly surviving a no confidence vote brought by the opposition over the handling of BREXIT. The vote was narrow with May winning by just 19 votes. …
by Lance Roberts Yesterday, saw a record surge in the markets. Such was not surprising given the extreme oversold condition in the market. More importantly, throughout market history, the biggest bull rallies have occurred during bear markets. Yesterday’s relief rally was simply that. …