by BoatSurfer600 Source: Sagar Singh
by BoatSurfer600 Source: https://wolfstreet.com/2023/01/19/residential-construction-splits-multifamily-starts-in-2022-jumped-to-highest-since-1980s-boom-single-family-starts-dropped/ US Existing Home Sales decrease -1.47% M/M — largest ever annual drop
For all the drama surrounding Biden’s latest Strategic Petroleum Reserve fiasco and his admin’s ridiculous idea to “stimulate” US energy producers to pump more oil because, you see, Biden promises to buy oil at some unknown point in the …
by silvertomars https://twitter.com/mikesay98/status/1575895263570321416?s=21&t=5c2toXFFrXwByEPsFHu08A
h/t silvertomars
Stores Flooded With Merchandise But Inventories Rise Again, Huge Discounts Coming Inventories are rising faster than sales across the board. Stores will soon be offering discounts.@DiMartinoBooth @FreightAlley NOT Bullish for profitshttps://t.co/S1nrUXvdN6 — Mike "Mish" Shedlock (@MishGEA) May 27, 2022
by mark000 https://www.reuters.com/business/energy/europes-russian-diesel-imports-drop-still-dominant-2022-04-27/ Cutting off Russian oil will be difficult and costly as Europe will have to compete for fuel further afield and pay higher freight costs, a trader said. “Technically, if Europe pays a $100 premium, they can get …
via MarketWatch It is a case that would make Sherlock Holmes proud. Growth in the first quarter smashed expectations, fueled in part by strong inventory building. According to the government, $32 billion of goods were added to inventories this quarter, …
This was a low-quality GDP report. All one-offs – lower imports, higher inventories & Pentagon spending. Real final private sales a puny 1.3%. Removing more lipstick from this pig shows cyclically-adjusted GDP contracting at a 2% annual rate; deepest decline …
via upfina: The stock market is at a very interesting juncture because its rally has been impenetrable despite the global economic slowdown. The 20% decline late last year probably wasn’t warranted because there are few signs America is headed for a …
by WARREN MOSLER Japan downgrades industrial outlook for first time in 40 months (Nikkei) The Japanese government on Thursday downgraded its monthly assessment of industrial output for the first time in more than three years. The Cabinet Office’s economic report …
by WARREN MOSLER Propped up by autos, as the rest continues weak, and autos aren’t looking so good longer term either: Highlights In a slight reversal of expectations, retail sales proved stronger at the headline level, up 0.6 percent in …