by Money Metals News Service Columbus, Ohio (July 1, 2021) – By signing legislation last night, Governor Mike DeWine has officially ended Ohio’s sales taxation of gold, silver, platinum, and palladium bullion and coins, enabling the Buckeye State to join Arkansas as the …
More inflows and tech stocks and other growth stocks are also performing well. More money is being pumped in from all sides, creating a massive bull market that apparently will never end as we are on a permanently high plateau. …
by confoundedinterest17 Fed Chair Powell will speak to a Congressional Oversight Panel today at 2pm. He released his printed statement, and mentions that inflation is usually high. “Inflation has increased notably in recent months. This reflects, in part, the very low readings from early …
Homeowners got $2 trillion richer during the first three months of the year Homeowners with mortgages saw their equity jump by 20% in the first quarter from a year earlier. This represents a collective cash gain of close to $2 …
Sales jumped nearly a whopping 50% in the first quarter of 2021 at that mystery $100 million New Jersey deli company — but that amounted to only a measly $5,305 worth of food. Losses also jumped big-time at deli owner …
by confoundedinterest17 US existing home sales for April were released this morning and show a month-over-month decline of 2.7% from March with 5.85 million units sold SAAR. Median price of existing homes sales rose to 19.1% YoY on staggering Fed stimulus …
(Bloomberg) — Stock sales are reaping a windfall for the world’s richest shareholders. Corporate insiders including Amazon.com’s Jeff Bezos and Google co-founder Sergey Brin have ramped up stock sales recently, cashing in on a 14-month long bull market that’s helped …
by Lance Roberts There is a problem of pulling forward sales and revenue when it comes to future outcomes. Currently, analysts are incredibly exuberant about earnings for the S&P 500 index. In just the last month, they sharply increased 2021 …
BloombergBOE Foresees Biggest U.K. Spending Boom Since Thatcher Era(Bloomberg) — The Bank of England expects the biggest surge in household spending since 1988 — when Margaret Thatcher was prime minister — to help power a strong economic rebound after the …
Some Americans are finding little comfort in returning to the office — with retailers reporting a rise in the sale of dressy clothing, including pants with buttons and zippers. As New York and other cities begin sending employees back to …
by confoundedinterest17 According to the National Association of Realtors, US pending home sales erupted at 25.2 year-over-year growth rate. As the Federal Reserve continues it money printing madness +24.2% year-over-year growth.
by Dave Kranzler of Investment Research Dynamics Existing home sales, reported last Thursday, were down 3.7% from February (down 6.3% in February). Wall St was thinking they would rise 0.8%. The seasonally adjusted annualized sales rate dropped to 7-month lows. The reason for …
by: Jp Cortez The Arkansas House of Representatives just UNANIMOUSLY approved a bill which helps Natural State citizens protect themselves from federal dollar devaluation. Introduced by Senator Mark Johnson and Representative Delia Haak, Senate Bill 336 removes sales and use tax on purchases of gold, silver, …
by: Jp Cortez The Ohio House of Representatives just approved a bill which helps Buckeye State citizens protect themselves from the loss of monetary purchasing power caused by federal money printing. Introduced by Representative Oeslager, House Bill 110 includes a provision …
by confoundedinterest17 US Existing Home Sales fell -3.7% Month-over-month in March. Less than the expected -1.8% MoM. But increased to 12.34% year-over-year. Aka, since Covid breakout. The median price of existing home sales increased to $329.1k while inventory of existing home …
by Martin Armstrong The Democrats are twisting the facts as always by claiming DeSantis is raising taxes on consumers and cutting taxes for business. The bill he just signed is estimated to tax consumers $1 billion a year, with the …
by confoundedinterest17 To quote Bob Dylan and Rick Danko, “This Wheel’s On Fire!” The Atlanta Fed’s GDPNow Q1 GDP forecast rose to 8.321% QoQ as of April 16. Of course, The Fed is printing like crazy. Retail sales (pent-up demand and Biden …
Hedge fund manager David Einhorn warned of dangers for retail investors that he sees in the market, and one of his main examples was a tiny New Jersey deli with a market capitalization of more than $100 million. The Paulsboro, …
by Aegidius25 https://www.census.gov/retail/marts/how_surveys_are_collected.html The U.S. Census Bureau conducts the Advance Monthly Sales for Retail and Food Services Survey (MARTS) to produce early national estimates of total and month-to-month change in sales for retail and food service establishments located in the …
by UPFINA The current investment theme is the economy reopening and higher inflation. The next theme will be higher corporate taxes and more infrastructure spending. This theme will probably be longer lasting. It could also increase inflation. Specifically, the new taxation …
by confoundedinterest17 Well, the data for pending home sales is for February (the dead of winter). But US pending home sales MoM fell -10.60% and -2.70% on a YoY basis. As mortgage rates start their long-predicted rise. Let’s hope that March …
by confoundedinterest17 Another month, another record low of available inventory of home for sale. Available inventory remained near a record low as The Fed continues to throw gas on the fire. As a result, the median price of existing home …
by WARREN MOSLE Headline number looks strong, but details show weakness, particularly personal consumption expenditures which continue to decelerate: Highlights The consumer isn’t on fire but still contributed to a very solid 3.2 percent growth rate for first-quarter GDP. Net exports …
by Martin Armstrong COMMENT: I am a senior exec here in the German auto industry. I attended your Berlin conference. I just want to say your ECM is remarkable. Our industry has seen a decline in auto sales since the …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter There is plenty of supply, but it’s the wrong supply, priced too high. Across the US, hot and cold housing markets all thrown into one bucket: Sales of “existing homes” (single-family houses, townhouses, condos, and co-ops) …
by Lance Roberts Steve Goldstein recently reported for MarketWatch that closely watched auto sales were leading economists to be more confident in their economic outlook for the rest of the year. To wit: “Motor vehicle sales reached a seasonally adjusted annual rate of 17.45 …
by WARREN MOSLER Not looking good: German Factory Activity Continues to Contract in April The IHS Markit Germany Manufacturing PMI rose to 44.5 in April 2019 from the previous month’s near seven-year low of 44.1, but below market expectations of …
by EarningsCallsApp Q1 net income of $1,550 million or $1.80 per share, compared with net income of $1,634 million or $1.86 per share a year ago. Q1 EPS of $1.80 included an addition to legal reserves of $0.21 per share …
by WARREN MOSLER Trump may allow $125B in cuts if Congress doesn’t act (The Hill) President Trump has indicated that he would allow $125 billion in spending cuts to take place if Congress does not agree to his spending plan, White …
#China Shows Signs of Saturation as Car Sales Maintain Protracted Plunge – China auto sales fall for the 10th straight month pic.twitter.com/8etNVmT972 — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) April 9, 2019 Porsche delivers 55,700 vehicles in the first quarter The …