october
Similar to October 2008 when the TARP bailout passed after it failed the first time. The market imploded. Similar to March 2020 when the Fed cut rates and restarted QE during the incipient meltdown. Bank failures will continue
by BoatSurfer600 R.I.P First Republic Bank. FRC, which boosted assets of more than $212 billion on 31st December 2022, will be taken over by the FDIC as the rescue hopes falter. We are witnessing a crisis due to banks’ failure …
The Market Bottomed In October. Now What?
by Lance Roberts The market bottomed last October despite ongoing concerns about inflation, higher rates, recessionary risks, and a banking crisis. While the media headlines and youtube podcasts are filled with “crisis” headlines, as noted in “Analysts Raise Estimates,” expectations for growth and earnings are …
A bank (First Citizens) that has been on a steady decline since October of 2022 buys the assets of a failed bank (Silicon Valley) and the stock price for the purchasing bank goes up $250 (43%). This story gets crazier by the minute.
by BuzzMonkey “It took Mr. Gruenberg’s agency roughly two weeks to find a buyer for parts of the bank, and FDIC agreed to give Raleigh, N.C.-based First Citizens a $16.5 billion discount on $72 billion in loans and a pledge …
US Real GDP Growth Forecast To Be Dismal 0.50% In 2023, Personal Savings Rate -67.9% YoY In October, US Mortgage Rates Headed Down (Economic Lights On But Nobody’s Home)
by confoundedinterest17 Albert Collins said it best about the US economy under Joe Biden: “Lights Are On But Nobody’s Home”. The Federal Reserve forecast for the US economy is a dismal 0.50% YoY. Do I detect a trend? The FOMC forecast for …
Money Supply Growth In October Fell To A 39-Month Low: A Recession Is Now Almost Guaranteed
by Ryan McMaken of Mises Institute Money supply growth fell again in October, dropping to a thirty-nine-month low. October’s drop continues a steep downward trend from the unprecedented highs experienced during the thirteen months between April 2020 and April 2021. During that period, …
US Pending Home Sales Fall -36.7% YoY In October, MBA Purchase Applications Fall -31.22% YoY As Fed Tightens
by confoundedinterest17 The Federal Reserve continues to remove the monetary punch bowl despite the global yield curve inverting and The Fed fighting Bidenflation. On the mortgage front, mortgage applications decreased 0.8 percent from one week earlier, according to data from the …
Inflation in Germany highest since reunification October is the second straight month with a double-digit indicator, official figures show
Germany’s annual inflation rate jumped to 10.4% in October, exceeding expectations and hitting a new historic high, the Federal Statistical Office (Destatis) said in a press release on Friday. “At 10.4%, the inflation rate has reached an all-time high since …
Alarm! REAL Average Hourly Earnings At -2.8% YoY In October, Negative Growth Since March 2021 (19 Straight Months Of Negative Earnings Growth!)
by confoundedinterest17 Alarm! The inflation numbers are out for October and they still stink (headline inflation still sizzling at 7.7% YoY). But the number that really irks me is … REAL average hourly earnings growth is at a horrifying -2.8% YoY …
LAYOFFS ROSE 48% IN OCTOBER
LAYOFFS ROSE 48% IN OCTOBER — The_Real_Fly (@The_Real_Fly) November 7, 2022 As mass layoff announcements keep rolling in while the Fed keeps selling the public a lagging data based strong labor narrative it’s always worth remembering that the Fed will …
US Jobs: Private Payrolls Rise By 233k In October After Rising 319k In September (-27% MoM), Unemployment Rate Edges Up To 3.7% As Wage Growth Cools To 4.7% (Too Bad Inflation Is At 8.2%)
by confoundedinterest17 President Biden just lost one of his midterm election talking points. “The U-3 unemployment rate the lowest since (garbled) at 3.5%!” Because it now has risen in October to 3.7%. Private payrolls added 233k jobs in October, which is a …
Nearly 40% of small businesses in the US failed to pay rent in October
Nearly 40% of small businesses in the US failed to pay rent in October The survey of 4,789 randomly selected small business owners saw more than half of respondents say their rent is at least 10 percent higher than six …
Chicago PMI dropped to 45.2 in October, the second straight month of contraction. Readings below 50 indicate contraction territory.
by Dismal-Jellyfish Report Period Previous Actual Chicago PMI Oct. 45.7 45.2 The Chicago PMI is the latest in regional manufacturing data to show declines: Report Period Previous Actual Empire State manufacturing index Oct. -1.5 -9.1 Philadelphia Fed manufacturing index Oct. …
Euro-zone inflation climbs to 10.7% in October, well above expectations… Italy: ‘Interest rates in the euro zone need to rise further’
Euro-zone inflation climbs to 10.7% in October, well above expectations | #EnergyCrisis pic.twitter.com/xAH2QmphqP — Javier Blas (@JavierBlas) October 31, 2022 ⚠️ Euro zone inflation surged past expectations yet again this month to hit a record high, pointing to further interest …
Today marks 17 consecutive green days in October, best month since 1976
h/t TheseHornet920
Global Financial Stability Report, October 2022. (Global financial stability risks have increased amid a series of cascading shocks)
Contents: Chapter 1 analyzes the policy response of central banks to high inflation, the risks of a disorderly tightening of financial conditions, and debt distress among emerging and frontier markets. Markets have been extremely volatile, and a deterioration in market liquidity …
The Biden Boogaloo! US Homebuilder Index Falls To 38 For October As Fed Tightening Sends Mortgage Rates Zooming (Economy NOT “Strong As Hell!”)
by confoundedinterest17 This is the Biden Boogaloo! The National Association of Home Builders index just dropped to 38 for October as The Fed counterattacks Bidenflation by raising rates. Here is Biden dispensing his “economic medicine” to Americans. Remember, Biden says the US economy …
U.S. Drought Map October 6
View post on imgur.com View post on imgur.com https://droughtmonitor.unl.edu/ h/t Humanitarianlike
Oil Prices May Rally A Lot More After U.S. Oil Strategic Reserve Dump Ends In October?
Robert Rapier with Jason Burack of Wall St For Main St Jason Burack of Wall St for Main St interviewed energy expert Robert Rapier. Robert has over 25 years experience working in the oil and natural gas industry and also over a decade of …
Three of the worst months in market history were Octobers: 1929, 1987 and 2020. October 2022 is in 5 weeks…… will it join the club?
by mark000 Fact: MONEY MAKES THE WORLD GO AROUND. So if the world of money seizes up……… Possible negative events for October 2022: Markets: Stocks full on crash, SPX hits 2400 (50% below the Jan 2022 AllTimeHigh) Bonds Corporate crash, Govt bonds …
FAUCI YESTERDAY: “I didn’t recommend locking anything down.” FAUCI IN OCTOBER 2020: “I recommended to the president that we shut the country down.”
FAUCI YESTERDAY: "I didn't recommend locking anything down." FAUCI IN OCTOBER 2020: "I recommended to the president that we shut the country down." pic.twitter.com/lvw59IBndA — Townhall.com (@townhallcom) July 26, 2022 Fauci is a true textbook psychopath. He would argue to …
ICE Set to Run Out of Money Before October, in time for elections ? and open border
Biden’s political appointees are transforming ICE from a law enforcement agency into a social services agency without Congress’s permission (Molly Bruns, Headline USA) With new horrors and atrocities emerging daily along President Joe Biden’s open borders, the U.S. Immigration and …
Black Monday October 19, 1987, DOW Jones Loses 22.6% of its Value
If the Dow dropped 22% like it did in 1987, it would mean a loss of more than 5,700 points today https://www.cnbc.com/2018/10/19/if-the-dow-dropped-22percent-like-1987-it-would-be-more-than-5700-points.html h/t JF Priest
After October’s data GDPNow for Q4 was at 9.7%, after November’s data it was at 7.1%, after December’s data it’s at 5%…..that shows growth slowing in real-time; Growth/Value rotation continues
The estimated consumption growth rate fell from 7.9% to 2.0%. — Eric Basmajian (@EPBResearch) January 14, 2022 Growth/Value rotation continues. h/t @thedailyshot pic.twitter.com/GzkwZAF4Oj — Lance Roberts (@LanceRoberts) January 14, 2022 QT is coming pic.twitter.com/t1F6Xz0QXq — Lance Roberts (@LanceRoberts) January 14, …
26 States to Raise Minimum Wage in 2022; US Home Prices Surged Almost 20% In October; Inflation Set to Drive Consumer Prices Even Higher in 2022
Over half of the states in the U.S. will increase minimum wage in 2022, according to a report. As reported by the Daily Caller, 26 states will raise their minimum wages, with 22 of the states starting the increase on …
FOMO Housing Market: October Home Prices “Slow” To 19.08% YoY As Mortgage Rates Rise (Phoenix Fastest At 32.3% And Minneapolis And Chicago Slowest At 11.5%)
by confoundedinterest17 There is a lot going on in the US housing market. Excessive monetary stimulus keeping mortgage rates low, historically low inventory available for sale, and FOMO (fear of missing out … on rapidly rising home prices). The Case-Shiller repeat …