meanwhile

Meanwhile, copper prices are hitting the lowest levels since November

by betsharks0 https://www.bloomberg.com/news/articles/2023-05-24/chinese-stocks-close-to-erasing-2023-gain-as-headwinds-intensify?utm_source=website&utm_medium=share&utm_campaign=twitter?sref=TuHNl142 For those regards who want to understand what’s happening: Copper, used mostly in wiring, has a customer base of automobiles Sector. The downward trend in price indicates not enough demand for copper, which indicates that we are, …

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Since 1970, the share of aggregate income going to the middle class has fallen from 62% to 42%. Meanwhile, high-income share has increased from 29% to 50%. No wonder so many supposedly middle-class families feel like they’re always on the brink.

Since 1970, the share of aggregate income going to the middle class has fallen from 62% to 42%. (Middle class defined as income from 2/3 to double the median). Meanwhile, high-income share has increased from 29% to 50%. No wonder …

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Banks are trying to rally, but they can’t get off the mat. Meanwhile, there is zero fear in this market of a continuing bank run. It appears that bears went ALL IN back in December and now they’ve decided the market is going higher

by BoatSurfer600 The Nasdaq has been in a death cross for the longest period of time since 2008. Which means that the 50 day moving average is below the 200 day moving average. Given that bulls STILL haven’t capitulated, it’s …

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Meanwhile in Ireland… Senator Eileen Flynn reckons saying ‘house Irish people in Ireland is spreading propaganda and hate’. She wants Ireland to house illegal immigrants instead.

Senator Eileen Flynn reckons saying 'house Irish people in Ireland is spreading propaganda and hate'. She wants Ireland to house illegal immigrants instead. She's a dribbling incoherent mess. #IrelandisFull pic.twitter.com/ymXMqHPEq3 — IrishConservative (@RealIrishCONS) February 27, 2023

Meanwhile in Peru…

Shtttt is going downnn Their president tried dissolving congress, got locked up && now the entire country is going bananas; they lit an airport on fire and are now fighting their military. https://www.bbc.com/news/world-latin-america-64009544 “The latest crisis coming to a head …

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Meanwhile, in our “booming economic recovery” (cough), the layoffs are starting to add up. Will it extend to Congress next week?

Layoffs announced in the last day: – Lyft 13% of workers– Opendoor 18%– Stripe 14%– Chime 12%– Twitter 50%– Morgan Stanley (% unknown) — Genevieve Roch-Decter, CFA (@GRDecter) November 3, 2022 https://twitter.com/TheLayoff?t=_Elw5alB0WH8dP0ytQH_7w&s=09 There are more resurfacing with more #s… Twitter …

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Meanwhile, the interest rate on US 30 year mortgages just hit 6.42%, an increase of 15% in 1 month, and 112% in 1 year. This is happening while real wages have been negative and households just lost $6.1 trillion in wealth in Q2 and Fed is planning to start selling $35 bn MBS per month

by silvertomars Wells Fargo Housing Market Index is now below where it had been in May 2006, on the way down into the Housing Bust At a 6% interest rate, monthly mortgage for a $500K home is 40% higher compared …

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Food price inflation in Germany reached +14.8%

GERMAN FINMIN LINDNER: THE ECONOMIC SITUATION IS DETERIORATING — *Walter Bloomberg (@DeItaone) August 10, 2022 German front yr power futures have reached 411 €/MWh today. Germany consumes about 500 TWh electricity annually. So at current prices the economy's power bill …

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Meanwhile on the Economic Front

by Chris Black The dollar plus jump in gasoline remains even though oil has lost the entire “invasion premium”.  How can it be a Putin Price, if the war still goes on and oil isn’t above $120? The shipping nightmare …

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