(Bloomberg) — China Evergrande Group slid deeper in equity and credit markets Tuesday, fueling concerns about broader contagion after S&P Global Ratings said the developer is on the brink of default.Most Read from BloombergThe distressed developer’s shares in Hong Kong …
by Chris Black Folks, the election was stolen fair and square, but at least we have some conservative judges on our side: Reuters: The U.S. Supreme Court refused on Wednesday to block a Texas ban on abortion after six weeks …
by confoundedinterest17 US pending home sales tanked -9.5% YoY in July. Unexpected? Not with the Citi Economic Surprise declining below zero. The northeast PHS fell -6.6% MoM while the midwest fell -3.3% MoM in July. Here is a video demonstrating The …
Did you expect anything else from the clueless and desperately corrupt FBI? They’re too busy looking for people they smear as “white supremacists,” so as to silence and criminalize political dissent in the U.S. “FBI dodged Ilhan Omar-‘bro’ wed …
Margin debt down for the first time since March 2020.https://t.co/AjNCncNB5K pic.twitter.com/N3J0cEXnza — Randy Woodward (@TheBondFreak) August 17, 2021 #USD hitting the top of the range, again! If it continues to rise from here, risky assets are likely to struggle. …
Robinhood dodged a major blow to its business model following a vote by the House Financial Services Committee that resulted in the quiet shelving of an initial legislative effort to ban a practice known as “payment for order flow,” FOX …
by confoundedinterest17 The US economy is still growing at an above average rate quarter-over-quarter, but Q2’s GDP print was lower than expected (6.5% versus the expected 8.4%). US GDP growth slowed as M2 Money growth slowed. Although M2 Money growth us …
by confoundedinterest17 While the Fed’s Jackson Hole meeting is going on, the Mortgage Bankers Association released their weekly applications data. Mortgage purchase applications fell -1.6% from the previous week. But look at the following chart. With smokin’ home price growth, we …
by confoundedinterest17 Normally, we see the US Treasury yield curve slope rise dramatically after a recession. Except for after the shortest recession (2 months) in US history. Why? With the Covid outbreak in early 2020, The Fed chose to repress interest …
BREAKING🚨 The Department of Justice DECLINES to investigate MI, NJ, PA and NY nursing home deaths. — Camryn Kinsey (@camrynbaylee) July 23, 2021 Shame on the DOJUnequal justiceThe ruling oligarchy is immune to our laws BREAKING🚨 The Department of Justice …
by confoundedinterest17 As fears of the Covid Delta Variant sink in, we are seeing a flight to quality. The 10Y-3M Treasury curve slope is declining. But the US Treasury actives curve remains upward sloping as does the on/off the run …
by confoundedinterest17 The University of Michigan consumer survey was released this morning and revealed that their consumer sentiment index fell to 80.8 (the index was around 100 prior to the Covid outbreak in March 2020). Inflation expectations for the coming 12 …
by Martin Armstrong Chinese investment overseas actually scored a 13-year low in 2020 thanks to COVID and the rising tensions of economic uncertainty as the West tries to pressure China to join the Great Reset. Even the pandemic-related travel restrictions …
by confoundedinterest17 A picture is worth a thousand words. The good news? Job openings soared to an all-time high of 9.3 million. The bad news? There are 2.64 million more job openings than people who want a job. It would seem …
by confoundedinterest17 Today’s 3-month Treasury auction revealed an even lower 3M high yield rate than the previous auction. The 3M high yield was 0.015%. The ultra-low yield comes after The Fed increased their Treasury bill holdings in late 2019 and early …
by confoundedinterest17 Its a revival for Gold and Silver! Gold and silver are staging a revival with the decline in the US Dollar since the end of March. When we include Bitcoin (pink line), we see that gold and silver have …
by Michael Markowski The chart below which covers the yields for US 10 year and 30-year Treasury bonds from January 1940 to March 2021, was pulled from a March 4, 2021 Elliot Wave report. The chart depicts the crashes for the Dow …
by confoundedinterest17 Another month, another loss of consumer purchasing power. In February, consumers lost another 1.8% YoY in purchasing power. Why? The Federal Reserve has increased their stock on M2 Money by 26.33% YoY while M2 Velocity tanked 20.5% in the …
A federal judge ruled late Friday she is unconvinced of an immediate need to block a citizenship question from the 2020 census over privacy concerns. US District Judge Dabney Friedrich declined to issue a preliminary injunction requested by a privacy …
via kusi: SAN DIEGO (KUSI) – Thursday morning, CNN called the KUSI Newsroom asking if one of our reporters could give them a local view of the debate surrounding the border wall and government shutdown. KUSI offered our own Dan Plante, …
Media Stocks Suffer Declines in 2018 With only a few trading days left this year, 31 of the 50 stocks tracked by The Hollywood Reporter are down for the year. Even after Wednesday’s huge day of trading on Wall Street …
by Jesse The next weeks will be interesting. This is just the Dow Industrial Average, such as it is today. We would have to see confirmation in the less narrow indices, especially the SP 500.
via Armstrong Economics QUESTION: Mr. Armstrong; You mentioned that we should expect a further decline in the economy. Do you have a target for that decline? ANSWER: The world economy has been in a prolonged economic decline as taxes have risen and …
by Chris Black Do you remember the “Judge Kavanaugh sexually assaulted me at some point in the eighties, though I can’t remember when and where” extravaganza? Well, neither do I. It feels like it was 10 years ago, and …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Seattle prices fall sharply. New York condo prices nearly flat for the year. First feeble declines in San Francisco, Dallas, Denver, etc. Something is afoot. On the surface, it still looks strong. Single-family house prices in the …
by Thinker Failed investigations, friends, or a judicial system that’s broken??? Why didn’t the D.A. let Bill Cosby off the hook, or let him go to rehab like so many others??? Do sexual abusers reall rule in Hollywood??? Actions of …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Was “QQE” just a pretext for bringing the government bond market under control to avoid a Greek-style debt crisis? In June, total assets on the Bank of Japan’s balance sheet dropped by ¥3.79 trillion yen ($34 billion) from …
by Lance Roberts On Tuesday, I discussed the issue of what has historically happened to the financial markets when both the dollar and rates are rising simultaneously. To wit: “With the 10-year treasury rate now extremely overbought on a monthly basis, …
By Whitney Webb Facebook’s chief operations officer, Sheryl Sandberg, recently sold $23 million in the company’s stock on Wednesday as governments in the EU move to quickly implement new online privacy laws that would significantly limit the social network’s advertising practices and …
