https://twitter.com/OccupyWisdom/status/1045771625709350912 Another recession is looming, writes Martin Feldstein https://www.wsj.com/articles/another-recession-is-looming-1538088367 via @WSJ It’s safe to say this is the most important read of the day. Assign it to yourself as weekend reading if you’re too preoccupied with Italy as so many …
September U.S. Auto Sales Expected To Collapse. Jeremy Acevedo, Edmunds’ manager of industry analysis, stated: “Vehicle replacement demand following Hurricane Harvey bolstered auto sales last September, and Hurricane Florence has had a very limited impact on auto sales this month, …
by Michael Snyder In late 2018, the bad economic news just keeps rolling in. At a time when consumer confidence is absolutely soaring, the underlying economic numbers are clearly telling us that enormous problems are right around the corner. Of …
by WARREN MOSLER Need more tariffs… Highlights Amid the unfolding of tariff effects, exports are moving in the wrong direction and look to be a big negative for third-quarter GDP. The nation’s trade deficit in goods was a whopping $75.8 …
by WARREN MOSLER Highlights Amid a backdrop of rising inflation pressures, sharp slowing in the services PMI sample pulled down September’s composite flash and masks a strong showing for manufacturing. The PMI composite fell to 53.4 which is well below Econoday’s consensus …
by stockboardasset Bank of America rings the real estate bell, says existing home sales have peaked, reflecting declining affordability, greater price reductions and deteriorating housing sentiment. The weekly report warned: the housing market is no longer a tailwind for the economy …
BAML has just called a peak in home sales! Citing declining affordability (makes sense given rising mortgage rates = headwind), housing market underperformance as economy grew (relative terms). @mtmalinen @LizAnnSonders @BValentineCFA @anilvohra69 @MI_Investments @SoberLook pic.twitter.com/gT8D3O5qXT — Taylor-Swift Yield Spread (@TayTayLLP) …
via confoundedinterest: The S&P 500 Index is on the verge of setting a new high for overvaluation. Its trailing 12-month price-to-sales ratio surged to 2.25 on Monday, the highest since the dot-com era. If you think it’s just the tech giants …
from Zero Hedge The summer spending spree is officially over. In August, the US consumer hit the breaks on spending as retail sales tumbled from 0.7% to just 0.1%, well below the 0.5% expected, driven by a decline in auto sales, …
by WARREN MOSLER Flattened out at modest levels of growth with no sign that the tax cuts have led to an acceleration: Pending home sales fall for seventh straight month in July Signed contracts to buy existing homes fell 0.7 …
For the past year, select Google advertisers have had access to a potent new tool to track whether the ads they ran online led to a sale at a physical store in the U.S. That insight came thanks in part …
by DCG Shocker, not. Pandering to the social justice warriors doesn’t guarantee they’ll boost your profits. From CNBC: Shares of Dick’s Sporting Goods plunged by more than 9 percent Wednesday morning after the retailer said it sold less merchandise during the second quarter than …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is not good. What’s causing the drop-off in pending home sales in the US, and in particular in the West? Surging home prices that have outrun wage increases for years? Mortgage rates that hover around …
by transitmapper U.S. and USSR/Russian arms sales from 1950 through 2017. The underlying data comes from the Stockholm International Peace Research Institute’s Arms Transfers Database. Units are expressed in trend indicator values (TIV). Each dot on the map = one …
by WARREN MOSLER Heading lower from already depressed levels: Highlights The headline shows a decline but the message from the July new home sales report is nevertheless mostly positive. New home sales slipped 1.7 percent in the month to a …
via Bill McBride From the NAR: Existing-Home Sales Slip 0.7 Percent in July Existing-home sales subsided for the fourth straight month in July to their slowest pace in over two years, according to the National Association of Realtors®. The West was the …
Looks like they’ve followed in the footsteps of Walmart and reports solid earnings. In premarket trading, Target was soaring 6% to $88.16 a share. adjusted earnings per share of $1.47 Revenue: $17.78 billion vs. $17.28 billion expected Same-store sales: up …
by WARREN MOSLER June was revised lower, so best to hold back judgement on July until August is released. Note vehicles were revised quite a bit lower for June, with the initially reported .9 jump suspect in any case: Highlights …
Authored by Sue Chang via MarketWatch.com, A lot has changed since the stock market crash of 2000. Apple Inc. has gone from being just another computer brand to becoming the most valuable company in the world, Amazon.com Inc. went from …
Vancouver is one the the most expensive real estate markets in the world. There has never been a more furious time in history. People literally fighting each other to get a sale. It’s beyond pandemonium. With central banks beginning to …
by WARREN MOSLER Highlights Unit vehicle sales proved surprisingly weak in July, at a 16.8 million annualized rate vs 17.2 million in June. This is the lowest rate since August last year but it will be the comparison with June …
Big drop in sales prices right as the last few #InterestRate hikes materialized in #mortgage rates got above 4.5% #Housing was a bubble in search of a pin…. First domino h/t @OccupyWisdom
via Investment Research Dynamics: There’s no question in my mind now that the housing “snowball” has started downhill and it won’t take long to develop into an avalanche. In addition to all of the “for sale” and “for rent” signs I’m …
U.S. high-yield bond sales are on track to be the lowest for a year since 2009. Another recent shift in performance away from #SmallCaps could start to reverse #FundFlows @WSJ @soberlook @MorningstarInc Stock Outflows Swell as Investors Seek Refuge in …
Salespersons are in huge demand, yet many applicants fail to secure a job. This is due to several reasons, most importantly because you end up applying for the wrong job or in the right manner. The job market is …
The info is coming from a CNBC article, which can be sensational in their headlines, but there is some real concrete data revealed that make me wonder if this is real, what the reasons are for this, and if this …
via Mike Mish Shedlock Existing home sales declined for the third month, fourth year-over-year. May sales were revised lower. The National association or Realtors (NAR) reported existing home sales for June at 5.38 million homes seasonally-adjusted annualized (SAAR). The NAR revised …
At roughly 9 times sales, the FANG stocks have never been so expensive heading into earnings season https://www.bloomberg.com/news/articles/2018-07-20/wish-granted-this-is-what-the-market-looks-like-without-fangs h/t @jessefelder Chart via @niboce
From Forbes: The last decade has seen a slow move toward nationwide marijuana legalization. The Pew Research Center reported at the beginning of January that 61% of Americans support marijuana legalization. An April Quinnipiac University poll put the number at 63%. There’s clear …
by mdcd4u2c I kept seeing Facebook pop on lists of top insider sales week after week and got curious so I did some digging and I’m sharing here. This is just all of Zuckerberg’s insider transactions (they were all sales) …