“Somebody at Target programmed in an algorithm which says someone who is 50 feet within the store is willing to pay more. The most reasonable explanation is that you just revealed your commitment to buying the product, you’re in the …
By David Stockman BLS Price Index For New Vehicles—–0% Rise In 20 Years Actual USA Transaction Prices: Up 20% In 10 Years
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Americans love paying big profit margins for big equipment, and automakers love them for it, but total sales are declining, and something doesn’t add up. The average transaction price of the vehicles sold by Fiat Chrysler …
By Tsvetana Paraskova Saudi Arabia is determined to restore the balance on the oil market and is cutting deeper than required in the OPEC+ deal, with February crude production likely close to 10.1 million bpd, compared to the 10.3-million-bpd ceiling …
Power prices up 4X as Texas experiences extreme cold and record power demand, at the same time Quebec government asking people to turn down the heat as power demand exceeds supply as -50F temperatures make it the coldest January in …
•Himalayan roads and valleys blocked, tourists rescued for third time in last five months •Early sea ice blockades northern Canadian ports supplies airlifted into communities •Alaska warms during grand solar minimums •Record snow India, Morocco and Canada 2018 •Mongolia record …
By Osama Rizvi Last year, oil prices rallied all the way up to a four year high before plunging more than $30. There were many factors at play during that volatile period, most notably the Iranian sanctions and the resultant …
By Tsvetana Paraskova Oil prices plunged by more than 3 percent on Tuesday morning as rekindled fears of global economic growth slowdown put an abrupt pause to the oil price rally in recent days. At 11:20 EST on Tuesday, WTI Crude was …
Three big factors behind Apple’s big sales slump and dire warning about China from CNBC. via CNBC: Apple’s latest iPhone models are seeing huge discounts from retailers in China. The technology giant recently revised its first quarter sales forecast downward, …
by Irina Slav Tesla will stop offering the lowest-priced versions of its Models S and X, chief executive Elon Musk wrote in a tweet. “Starting on Monday, Tesla will no longer be taking orders for the 75 kWh version of the …
By Robert Rapier Many articles have been written this past year about the impending demise of OPEC. Shale oil, it has been argued, has ended the cartel’s stranglehold on oil prices. There’s some truth to that argument, but it also …
A national housing crisis is brewing. What actions can policymakers taketo head it off? Housing is sputtering. Home sales, home-building and homeownership have gone flat, and the rise in home prices threatens to stall out. Things aren’t likely to get …
From Birch Gold Group This week, Your News to Know rounds up the latest news involving gold and the overall economy. Stories include: Main St. bullish on gold for 2019, market turmoil shows why you should own gold, and gold to remain an …
via Bloomberg: Prices in Australia’s largest city drop 11.1% from 2017 peak CoreLogic sees tighter credit weighing on prices this year The downturn in Sydney’s property market is set to deepen this year as tighter lending standards and the …
via scmp: The monthly home price index fell 3.5 per cent to 366.3 in November, up from 2.56 per cent in October Largest fall in a single month since November 2008 Prices of lived-in homes in Hong Kong saw the sharpest …
via fox5dc: WASHINGTON (AP/FOX 13) – A new rule going into effect January 1, 2019, will require hospitals to post a list of their standard prices online and make electronic medical records more readily available to patients. The new rule, called the Inpatient Prospective Payment …
via statista: The unveiling of the iPhone X was the most eagerly anticipated part of Apple’s launch extravaganza yesterday. The new handset made a daring design move in ditching the home button while it now boasts a facial scanner and the ability to …
by Lance Roberts In 2013, I began warning about the risk to oil prices due to the ongoing imbalances between global supply and demand. Those warnings fell on deaf ears as it was believed that “oil prices could only go higher …
via visualcapitalist: The real estate market is a location game. While forces like interest rates, demographics, and the economy help drive the housing market as a whole, the strength of your local market depends on other factors closer to home. When …
Venezuela’s 15-Cent Phone Bills Come Complete With No Service. The price of Movistar’s top mobile internet plan is about 100 bolivars, or some $0.15 at the black market rate, compared to a $17 price tag for a similar plan offered …
Authored by Steve Saretsky of VancityCondoGuide The sudden shift in the Vancouver housing market has been well documented. In November, home sales across all property types sank to a ten year low for the month. The drop is rather unprecedented considering the …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “The authorities should prepare contingency plans.” The big four banks are too exposed to mortgages. Even if the banks don’t topple, the economy will get hit hard. In its latest report on Australia, the OECD focuses …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter House prices down $265,000 from peak, down $60,000 from year ago. America’s most majestic housing bubble begins to deflate. In San Francisco, the median price of single-family house sales that closed in November fell to $1.435 …
BY SRSROCCO The rapidly falling oil prices have finally claimed the first victim, but it won’t be the last. The Alberta government announced late yesterday for a substantial cut in tar sands oil production to stem the hemorrhaging low oil …
By Harry Dent Did you watch my video two Fridays ago? If not, check it out here. I explained how gold bugs are giving you dangerous advice about gold as an investment. But gold isn’t the only investment that people mistakenly make …
by jessefelder The stock market today is celebrating the rapid reversal in the Fed’s hawkish attitude under the tenure of Jay Powell. Oct. 3/2.18 Fed Funds Rate: 'We may go past neutral. But we’re a long way from neutral at this …
by Thinker Major pharmaceutical companies just can’t seem to get enough cash, and they are now lobbying the federal government to get Medicare drug discounts for senior citizens thrown out! This is an absolutely disgusting move by an industry that …
by Shaun Richards A feature of the credit crunch era has been the way that central banks have concentrated so much firepower on the housing market so that they can get house prices rising again. Of course they mostly hide …
every time oil prices crash like this – a slowdown comes, and central banks bail out the world in a synchronized fashion – this time it might be harder pic.twitter.com/PEwhDa4IwX — Alastair (@StockBoardAsset) November 23, 2018 The market is telling …
by Frank Holmes, CEO, U.S. Global Investors Here in San Antonio, the temperature hit a bone-chilling low of 27 degrees last Wednesday, breaking a 102-year-old record for mid-November. An out-of-state visitor, Cornerstone Macro’s Head of Portfolio Insights Stephen Gregory, speculated …