by confoundedinterest17 Fools rush in … or at least investors rush into the US housing market. Investors made up 17% of existing home purchases in October. Inventory of homes remains depressed and with investors picking up 17% of homes for sale, the median …
by Chris Black The data just reflects the amount of money Americans spent on retail goods. It is as much an inflation indicator as it is a sign of strong buying patterns. For example, if consumers buy 100 widgets in …
Via SchiffGold.com, Retail sales surged at a higher than expected rate in October, rising 1.7%. The mainstream reported this as fantastic news signaling a strong economy. American consumers are out there buying lots of stuff. The stock market rallied and …
https://www.bloomberg.com/news/articles/2021-11-12/rivian-is-now-biggest-u-s-company-with-no-sales-amid-ev-fever So let’s look at the facts: CEO has no track record of success. Company has no sales. So far the company has managed to ramp production to only one truck a day. The company is “targeting” a total of …
by confoundedinterest17 US pending home sales declined -2.3% MoM and -7.19% YoY as US GDP sinks like a paralyzed falcon, (Bloomberg) — The National Association of Realtors’ index of pending home sales decreased 2.3% in September from a month earlier to 116.7, largest drop …
by confoundedinterest17 US new home sales rose a whopping 14% in September as the median price of new home sales rose 20.1%. Existing home sales still remain low allowing median prices to soar with Fed money printing. New home sales surged …
by davefairtex Wolf used to be in the car biz. This is his wheelhouse. Fleet sales are generally not a positive sign. If retail demand were there, why on earth would you sell 100k cars at a big discount (dropping …
HONG KONG – Evergrande Group’s chief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and asset sales, two people said, as the Chinese developer battles against default on more than $300 billion …
I work for a delivery company, one of those food delivery places im sure you know of. Last year I made 200$ a day all year. Earlier this year I was around 100$ a day. This last month or two …
by confoundedinterest17 New Home Sales beat expectations thanks to the massive monetary stimulus in the system that The “Hawkish” Fed seems to not want to withdraw. Aka, Greenman! (Bloomberg) — Aug. new home sales rose 1.5% to 740,000 annual rate …
by confoundedinterest17 I certainly hope The Federal Reserve starts normalizing interest rates. Hold that Fed tiger! (Bloomberg) — Sales of previously owned U.S. homes fell in August, suggesting that demand is moderating as lean inventory and high prices squeezed out some buyers. Contract …
(Bloomberg) — An alarming number of companies have warned that profits won’t meet expectations when they report in a month. The group, including PP Industries Inc. and Sherwin-Williams Co., are primarily materials producers that have struggled amid supply-chain disruptions. While …
by Shaun Richards There is a lot going on in economies right now but it is always nice when one of your theories works again. Back on the 29th of January 2015 I pointed out this. However if we look …
by confoundedinterest17 US pending home sales tanked -9.5% YoY in July. Unexpected? Not with the Citi Economic Surprise declining below zero. The northeast PHS fell -6.6% MoM while the midwest fell -3.3% MoM in July. Here is a video demonstrating The …
by confoundedinterest17 The good news! US new home sales rose 1% in July to 708k units SAAR. The bad news? The median price of new home sales is $390k. More bad news for the midwest and northwest. New home sales …
by confoundedinterest17 Feeling hot, hot, hot. Housing, that is! US existing home sales in July rose to 5.99 million SAAR, beating expectations. But the inventory of home available for sale remains low by historic standards. The median price of existing homes declined …
Margin debt down for the first time since March 2020.https://t.co/AjNCncNB5K pic.twitter.com/N3J0cEXnza — Randy Woodward (@TheBondFreak) August 17, 2021 #USD hitting the top of the range, again! If it continues to rise from here, risky assets are likely to struggle. …
Robinhood dodged a major blow to its business model following a vote by the House Financial Services Committee that resulted in the quiet shelving of an initial legislative effort to ban a practice known as “payment for order flow,” FOX …
by Frank Holmes, CEO, U.S. Global Investors This month, Louis Vuitton turns 200 years old. That’s Louis Vuitton the man, not the company. Born in Jura, France in 1821, the designer opened his first shop in 1854 primarily as a …
As more and more small businesses embrace the opportunities that come with ecommerce sales, it is important to know the rules and regulations around ecommerce sales tax. In this handy guide, you’ll get the basics on ecommerce sales tax and …
https://www.youtube.com/watch?v=lnc9mBOtr-Q Federal Reserve’s policy hawks are expecting the central bank to reduce its massive intervention in the mortgage market as conditions in the housing market have started to look increasingly risky while home prices continue to record a relentless rise. …
by David Haggith Interestingly, you’re about to find out that the fall in housing prices and home sales may power us further into high inflation for longer. We are entering a situation that could turn into a true oxymoron where lower …
by confoundedinterest17 The expectation was for a 796k print for May, but new home sales checked in at 676k instead. That represents a decline of 6.6% from May to June. And the median price of new home sales fell 5% …
by confoundedinterest17 I was reading the usual pundits talking about massive increases in housing coming onto the market, then I saw today’s existing home sales numbers from the National Association of Realtors. US existing home sales were up 1.38% in June …
by confoundedinterest17 U.S. housing starts increased in June by more than forecast, suggesting residential construction is stabilizing despite lingering supply-chain constraints and labor shortages. Initial home construction rose 6.3% last month to a 1.64 million annualized rate, a three-month high, according to …
Retail Sales YoY: Huge soar…huge decline👀Bubble is over🧐 pic.twitter.com/o8fnGv9p4Z — Antonio Pérez-Algás (@apanalis) July 16, 2021 UMich missing, inflation expectations soaring – this is a perfect toxic cocktail for the consumer — Alastair (@StockBoardAsset) July 16, 2021 Looking at this …
The Fed’s official balance sheet is up another $104 billion in the last week and now up to over $8.2 trillion in total.
In 1968, then-President Lyndon Johnson signed a law banning the sale of handguns for those under 21, now the law has been ruled “unconstitutional” by a federal court. “JUST IN – Handgun ban for adults under 21 is unconstitutional, rules …
by Shaun Richards Last night it was a case of Forza Italia after the success in reaching the Euro 2020 ( yes we all know it is 2021) football final. It was an especially ice cold final penalty from Jorginho …