by confoundedinterest17 Resident Biden and Congress unleashed inflation of the unsuspecting American middle class. Now real estate is starting to feel the pain of Fed monetary tightening. For March, the S&P CoreLogic Case-Shiller 20 metro home price index actually fell …
by confoundedinterest17 Damn it, Janet (Yellen)! So much for Treasury Secretary Janet Yellen’s proclamtion that inflation is transitory and would subside to under 2%. April’s core inflation (PCE Deflator) rose to 4.7% YoY. Despite M2 Money growth crashing to -4.6% …
by confoundedinterest17 Biden has a line on you! And it isn’t good. More like we are fish being caught and eaten by Washington DC bureaucrats. Another example of Biden’s dismal economy. US pending home sales plunged -22.6% YoY in April. Even …
by bitkogan There has been a sharp fall in volatility. The average difference between the S&P 500 index’s daily highs and lows in April-May fell to 38.66 points (less than 1%). That figure had been 1.5 times higher in Q1, and …
Yes, Charlie, they're too high. — Claus Vistesen (@ClausVistesen) May 19, 2023 🚩🚩 pic.twitter.com/MSC2i3ykKl — Hedgeye (@Hedgeye) May 19, 2023 That's the week. In summary, "We're At A Very Bad Moment":https://t.co/l90DhpL8Sm Yesterday, we were told we're at a very good …
In a display of growth and evidence that there’s a large market to be tapped for free speech companies, Rumble Inc, the up-and-coming video-sharing platform, disclosed its financial results for the first quarter of 2023. Showing a significant surge in …
by confoundedinterest17 More bad news about the economy and housing sector under Biden/Yellen/Powell’s Reign of Economic Error. US housing starts are out for April 2023. The bad news? Housing starts tanked -22.3% year-over-year (YoY). The good news? US housing starts …
The U.S. Federal Reserve will hold its key interest rate steady this year despite an expected recession, according to a Reuters poll of economists, who also said the risk of a U.S. default over the debt ceiling was higher compared …
by confoundedinterest17 I wish Biden would spend more time trying to negotiate with McCarthy to end the debt crisis rather than stir up race hatred like he did at Howard University graduation. C’mon Joe! White “supremacy” is not the most …
by confoundedinterest17 March’s Personal Consumption Expenditures Core Prices remain HOT despite The Fed crashing M2 Money growth. PCE Core price growth remained elevated at 4.6%. Personal spending in March slowed to 0% growth. The Taylor Rule infers a Fed Funds …
The bloc of developing countries will be a larger driver of development than the Western Group of Seven major economies Members of the BRICS group – Brazil, Russia, India, China, and South Africa – are expected to outpace the US-led …
Uh, folks, wage growth – as in actual tracked wages not that BLS garbage – is in freefall: "growth in after-tax wages and salaries, based on BofA deposit data, slowed to just 2% YoY on a 3MMA basis, down from …
by confoundedinterest17 Inflation is slowing just a little. But my feeling about The Fed (that partly caused the problem in the first place by keeping rates too low for too long (TLTL) under Yellen is all I can do is laugh. The US Core …
by jessefelder We have already seen an inordinate amount of outright fraud this cycle (see this and this) that has, so far, proven to be a terrific indicator of where we stand in the larger market cycle. Today, Bloomberg reports that earnings quality for the …
by confoundedinterest17 US pending home sales rose 8.1% in January. At the same time, pending home sales declined -22.4% on a year-over-year (YoY) basis. So, YoY pending home sales growth has been negative for 19 of the last 20 months.
by Shaun Richards This morning we have an example of news which in itself deserves to grab some headlines but also has quite a few consequences. So let me had you over to the German statistics office. WIESBADEN – The …
Retail investors have piled into US markets this year 👀 Financial Times pic.twitter.com/HuNkhvWjlv — Alessio (@AlessioTMAD) February 20, 2023 US P/E ratios are beginning to perk up again. $SPX pic.twitter.com/o3zlSB3pjA — Ayesha Tariq, CFA (@AyeshaTariq) February 20, 2023 $spx new …
pic.twitter.com/OlJBqifhVS — The Punisher (of Wall ST) (@GregCrennan) February 9, 2023 Housing market recession signal 😓 How much more of a decline before the Fed is happy ? pic.twitter.com/TosFtSYF66 — Wall Street Mav (@WallStreetMav) February 9, 2023 LYFT CEO says …
by confoundedinterest17 The Hill has an interesting story: 5 takeaways on a surprisingly strong jobs report. “The U.S. economy added 517,000 jobs in January, more than doubling Wall Street expectations and turning up its nose at prognosticators of an imminent recession. …
Bloomberg: The Bank of England signals the worst year of growth since the Great Depression. pic.twitter.com/LAK7ZTBaFR — Alessio (@AlessioTMAD) February 4, 2023
by confoundedinterest17 The Case-Shiller index is out for November 2022. Too bad it is January 31, 2023. Call it “Happenings 2 Months Time Ago.” On a year-over-year (YoY) basis, the Case-Shiller National home price index slowed to 6.77%. On a month-over-month (MoM) …
by: Kevin Hughes (Natural News) Money manager Michael Pento claimed the three percent economic growth reported by China in 2022 was questionable. During a recent interview on the “Liberty and Finance” podcast, Pento expressed his doubts about the matter to host Dunagan …
by confoundedinterest17 The December new home sales report is good news and bad news. The good news? US new home sales rose by 2.3% in December from November to 616k units sold SAAR. That is the good news. The bad news? Since …
by confoundedinterest17 Its just like The Federal Reserve to be cutting US money growth as US jobs cuts accelerate. The latest US money growth numbers are out and they are daunting. M2 Money growth YoY is now negative at -1.8%. M1 money, …
via WSJ: A rapidly aging population, slowing growth in productivity, high debt levels and rising social inequality will weigh on the country’s economic ascent for decades to come, economists said. On Tuesday, the same day that China posted 3% growth, …
by confoundedinterest17 We got trouble in Potomac City! No, I’m not talking about the numerous Top Secret documents that Biden carelessly left in his garage in Delaware and the UPenn Biden Center. And they found more over the weekend. I’m talking about …
via CNN: New York City Mayor Eric Adams unveiled the state of the city’s economic outlook as part of a $102.7 billion budget proposal for 2024 on Thursday, highlighting slow economic growth despite spikes in tourism and jobs. Adams touted …
by confoundedinterest17 The December jobs report is out and the top-line number is … 223k jobs were added. That is strong enough to give The Federal Reserve the green light to raise rates. But while it was a good jobs report, …
by confoundedinterest17 December’s ADP jobs report is out and it is a good news. bad news type of report. First, the good news. 235k jobs were added in December. Now for the bad news, job stayers saw their annual salary growth …