BREAKING: Q2 GDP unexpectedly falls by -0.9%, officially putting the U.S. in a recession. — The Kobeissi Letter (@KobeissiLetter) July 28, 2022 GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal. It’s not …
US home prices are on the cusp of a major correction due to “cratering” demand among cash-strapped buyers, a prominent economist warned in a note to clients on Tuesday. Ian Shepherdson, a chief economist at Pantheon Macroeconomics, noted that single-family …
Goldman Sachs has reported a 47 per cent drop in second-quarter profits, as the Wall Street giant suffered from a slowdown in investment banking fees and plummeting revenues in asset management. In second-quarter earnings, Goldman reported on Monday net income …
by confoundedinterest17 Mortgage rates are falling … to pieces. Along with the US economy. As the US approaches recession and the Atlanta Fed real-time GDP tracker falls to -1.9%, we are seeing mortgage rates falling to 5.30%. Real Q2 GDP? Still in …
(CNN)Americans’ confidence in police has hit a new low — aided in large part by a growing gap between Black and White people about how much they trust officers. Around 48% of Americans said they have a “great deal” or …
by confoundedinterest17 The numbers keep getting worse. The University of Michigan Consumer Survey showed a decline in May to 58.4 (100 is baseline). Soaring inflation is a likely culprit. But the truly horrible survey result is the UMich Buying Conditions for …
by Boo_Randy Coming soon to a Fed-debauched currency near you. Stack accordingly. https://english.alarabiya.net/business/economy/2022/05/25/Turkey-s-lira-falls-beyond-16-3-vs-dollar-as-FX-need-grows Turkey’s lira slid beyond 16.35 against the dollar on Wednesday to its weakest level since the depths of a December crisis, as analysts questioned authorities’ ability to …
by confoundedinterest17 What happens when the massive Fed stimulus is gone? Its Already Gone … or going. A measure of U.S. manufacturing activity unexpectedly dropped in April to the lowest level since 2020 as growth in orders, production and employment softened. The …
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.20% last week from 5.13%. Refinance demand fell another 8% for the week and was 68% lower than the same week one …
by confoundedinterest17 The US inflation numbers were released this morning and they are grim. Inflation YoY grew to 8.5%. With 8.5% YoY inflation, REAL average hourly earnings growth fell to -3% YoY. And with The Fed intent on extinguishing their …
They just came out and said it: the us tortured people Bush cancelled a trip to switzerland on fears of prosecution: https://www.reuters.com/article/us-bush-torture/bushs-swiss-visit-off-after-complaints-on-torture-idUSTRE7141CU20110205 The US is awfully quick to point fingers but how will those not delivering justice at home …
by Shaun Richards As the week fires up the economic news has come from Nihon or Japan as The Tokyo Whale has started the week in hungry mode. Announcement on the Conduct of Fixed-Rate Purchase Operations for Consecutive Days The …
@GavinNewsom doing his part the keep this raging fire hot https://t.co/y8PpHTrKpJ — chiapudding (@Serfdomchaser) March 24, 2022
by confoundedinterest17 Russia is still attacking Ukraine and I am still seeing stories about actor/comedian Bob Saget’s cause of death. So now for something completely different. After last week’s Personal Consumption Expenditures, GDP and new home sales reports, the Atlanta Fed’s GDPNow …
https://www.youtube.com/watch?v=UzukoreFbD0
by Shaun Richards Today we look east to Nihon, or the land of the rising sun. It faces so many of our themes as for example the energy prices crisis affects it as a large energy importer and also poses …
by confoundedinterest17 The University of Michigan consumer survey is out for February. And an ugly survey is it! Buying conditions for housing fell to 71 as The Federal Reserve continues it monetary stimulypto! Despite 7.5% inflation, The Fed continues its “Stimulytpo” …
by confoundedinterest17 As expected, US inflation surged from 7.0% in December to 7.5% in January. REAL average weekly earnings growth YoY fell to -3.1%. Energy prices YoY lead the wage (fuel oil UP 46.5% YoY). Used cars and trucks UP 40.5%. …
by Shaun Richards One of the features of the modern era is the way that central banks have come to regard house prices as one of their main agents of monetary policy. Come rain or shine they must be pumped …
by confoundedinterest17 Here is a lesson in Bidenomics. “Going Green” sounds great to some (like Al Gore, Leonardo DiCaprio and Greta Thunberg), but there are costs to not growing America’s energy supply. Rising energy costs have helped create the rise …
https://www.youtube.com/watch?v=WlKAW1l777g Natural Gas prices are soaring in Europe as global uncertainty continues to strain supply. We ‘ll take a look at what’s happening in the European market. And the Bitcoin sell-off rages on as the world’s foremost cryptocurrency has lost …
Kazakhs woke on January 8 to find themselves, for the fourth straight day, cut off from the world. Without an internet connection – essential there, too, for modern services, including paying for goods – many were also beginning to run …
A giant rock dislodged from a scenic canyon in southern Brazil, smashing into three boats, killing at least six people and leaving nine injured Saturday. In the horrific scene, captured on video, boaters scream as they watched a large slab …
To bolster US relations/trade, #Kazakhstan has paid millions (in)directly to DC lobbyists over past few years. They include RJI Capital Corporation, Hutton-Transcon Joint Venture, Latham & Watkins LLP, Greenberg Traurig, LLP, & Mercury Public Affairs, LLC. https://t.co/ggNkh9abuT — Matthew Schaaf …
A dramatic rescue unfolded in a New York City subway station when a man in a wheelchair somehow ended up sprawled out on the train tracks. Nice to see there are still good people around! Don
U.S. inflation rate swells to 39-year high of 6.8%. Americans paying higher prices for almost everything The numbers: The cost of living climbed again in November and drove the rate of U.S. inflation to a nearly 40-year of 6.8%, putting more …
by Scrolling_Scroller Evergrande, Sunshine 100, now Kaisa. One by one these Chinese developers are falling like a controlled demolition job. More. MOOOORRREEE!!! Edit: used “Tik Tok” in a poor attempt at a pun. This has nothing to do with that …
Link to story “Repeat Chinese Defaulter Sunshine 100 Misses Another Payment”: https://www.bloomberg.com/news/articles/2021-12-05/china-developer-sunshine-100-defaults-on-170-million-of-bonds h/t Scrolling_Scroller
