The market is now the most overbought it's been since May of 2022, when $SPX was trading around 4176 and then rolled over to 3666. pic.twitter.com/aUtDpe0zb6 — Markets & Mayhem (@Mayhem4Markets) January 12, 2023 https://twitter.com/TommyThornton/status/1613670757774532608
by Michael Do you remember when you could buy a dozen eggs for 99 cents? It seems like it was only yesterday, but unfortunately those days are now gone for good. Thanks to a variety of factors, egg prices have …
by confoundedinterest17 US consumers have the Fed Pneumonia and The Avian Flu. As a diabetic, eggs are a perfect food. Unfortunately for me and other diabetics, the price of eggs has soared by a whopping 79% since February 28, 2022. Of course, …
Less people are taking on mortgages as lenders have increased rates. The bubble will burst sooner than later. 2023 is echoing 1923! What an age to be alive. h/t BoatSurfer600
As prices rise, so does food insecurity in US. Rising prices are causing a new strain on families, some of whom have never before needed help like this. “Most of them are a little bit desperate because they’re having to …
via theepochtimes: Frigid cold and blowing winds on Friday knocked out power and cut energy production across the United States, driving up heating and electricity prices as people prepared for holiday celebrations. Winter Storm Elliott brought sub-freezing temperatures and extreme weather alerts to about two-thirds …
by Infamous_Sympathy_91 If Carvana couldn’t make a profit in the best 2 years in the history of car sales, it’s no wonder they are folding.
For Jamie Siracusa, the rising price of food means fewer grocery items can go toward restocking the community fridge she runs in Brookline, a suburb of Boston. Community fridges are refrigerators located in public spaces where anyone can contribute or …
During the recent midterm election, Republicans claimed crime was becoming a significant problem in the country. Democrats responded with a claim that Republicans were exaggerating for political purposes. Do they still believe that the crime problem is exaggerated for political …
by confoundedinterest17 California Screamin’! 6 of the top 8 metro areas with the largest home price crash in 2022 were in California, according to Redfin. Sadly, I lived in three of these metro areas (Austin TX, San Jose CA and Phoenix …
by Michael The mainstream media is trying really hard to convince all of us that inflation will soon no longer be a problem, but meanwhile food prices continue to soar to absolutely absurd levels. In fact, we just learned that …
The Albanese government has brushed aside industry criticism that caps on gas and coal prices will cripple investment saying they are desperately needed to make sure Australians are paying a ‘fair’ amount on their bills. Federal Energy Minister Chris Bowen …
by confoundedinterest17 Is inflation gone in November? Nope. US producer prices rose in November by more than forecast, driven by services and underscoring the stickiness of inflationary pressures that supports Federal Reserve interest-rate increases into 2023. The producer price index for final demand climbed …
PPI falls for a second month Nov PPI -1.3% y/y vs -1.3% y/y in October Nov CPI +1.6% y/y vs +2.1% y/y in October BEIJING, Dec 9 (Reuters) – China’s factory-gate prices showed an annual fall for a second month …
UK food inflation has surged to 12.4 per cent and hit a new record high amid predictions of dampened Christmas cheer and an ‘increasingly bleak’ winter, according to new findings. Overall shop prices are now 7.4 per cent higher than …
Transitory inflation talk is back. But economists say higher prices are here to stay https://t.co/TfhqKQRjOG — Daniel Lacalle (@dlacalle_IA) November 30, 2022 Good Morning from #Germany, where supermarket prices keep rising. German Food CPI jumped 21% YoY in Nov, the …
by Adam Hamilton of Zeal LLC Silver and its miners’ stocks have had a tough year. They plunged with gold in spring and summer as extreme Fed tightening catapulted the US dollar parabolic. The resulting deep lows left this tiny fringe contrarian sector …
by Steve St Angelo of SRSrocco Report If things couldn’t get any worse for struggling Americans this year, electricity prices reached a new all-time high in September. Residential electricity prices surged 20% since the beginning of the year, and will likely continue to increase …
By Tsvetana Paraskova Russian natural gas giant Gazprom is warning that European gas prices could top $3,000 MCM. The EU is proposing a new instrument to limit excessive gas spikes which would consist of a price ceiling of $285 per …
MBS negative YoY. Banks dumping. pic.twitter.com/yFFsmwrs5F — Ilia Sakowski (@IliaSakowski) November 25, 2022 As Fed policy tightens, US housing is taking the strain…Only the GFC has seen a bigger 3m fall in US house prices in the last 45 years …
by confoundedinterest17 As Americans prepare to hit the road for Thanksgiving, average gas prices will be at their highest seasonal level ever, according to GasBuddy. GasBuddy says the national average is projected to stand at $3.68 on Thanksgiving Day. This is nearly …
by Michael If you have been to the grocery store lately, you have probably noticed that meat prices have gone up dramatically. Unfortunately, we are being warned that things could get much worse in 2023. All over the northern hemisphere, …
The data in this graph comes from the Case Shiller Home Price Index going back to 1970. It's inflation-adjusted. Meaning that it measures the cost of Homes compared to other goods/services in the economy. Making it an apples to apples …
by CCJones56 My house has been on the market for months. Two weeks ago we had a possible buyer so we went looking for an apartment in the Sandy Springs/Alpharetta GA area temporarily until we can move to a different …
Dem pollster Mark Penn: Democrats have stupidly become “inflation deniers” before midterms. Democratic Pollster Mark Penn said this week on “FOX News Sunday” that the Democratic Party has denied the impact of inflation ahead of the 2022 midterm elections by …
This isn’t a “cost of living crisis” – it’s a “cost of oligarchy crisis.” https://www.theguardian.com/business/2022/nov/02/uk-food-prices-soar-by-fastest-rate-on-record-as-cost-of-living-crisis-bites Annual rise of 11.6% comes as milk, teabags and sugar become more expensive UK food price inflation soared to a record annual rate of 11.6% …
The oil industry has a choice. Either invest in America by lowering prices for consumers at the pump and increasing production and refining capacity. Or pay a higher tax on your excessive profits and face other restrictions. — President Biden …
by Amy S. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in …
by Shaun Richards It was only a few short weeks ago that the headlines were telling us this. Traders ramped up wagers on the scale of interest-rate hikes by the Bank of England in the short term, to deal with …