by confoundedinterest17 In March, Fed Chair Powell told Congress that inflation risk remains low. The Bureau of Labor Statistics this morning reported that US Producer Price Index Final Demand year-over-year rose a whopping 4.2%, the highest rate since 2011. Producer …
S&P 500 real earnings yield continuing to fall; now at lowest since October 2008 pic.twitter.com/taLqAzLipH — Liz Ann Sonders (@LizAnnSonders) April 6, 2021 Traders are unloading their massive short positions on UVXY pic.twitter.com/9sX9XTcnyb — Alessio (@AlessioTMAD) April 6, 2021 If …
Interesting….. https://t.co/vdrVd6BEic — Bill Perkins (Guy) (@bp22) April 2, 2021
Just to put things into perspective: Q2 kicks off with 2nd highest PE since 1901. Wartime levels of stimulus, but no wartime valuations, BofA says. pic.twitter.com/Aw3N0MqusA — Holger Zschaepitz (@Schuldensuehner) April 2, 2021 Dow jones: Bulls in for a reality …
by confoundedinterest17 ISM business prices fell slightly in March, but are still up 242% since April 2020. And central bank balance sheets are flush with cash.
The cost of lumber has gone up 188% since the beginning of the pandemic, which raises the cost of new builds and could price out some homebuyers. SKAGIT COUNTY, Wash. — Anyone buying lumber these days is in for sticker …
https://twitter.com/leadlagreport/status/1376178529231065093
by confoundedinterest17 Freddie Mac’s 30-year mortgage commitment rate keeps on rising. Now to 3.17%. This is happening at the 10-year Treasury yield continues to climb. Note that interest rate volatilty (SRVIX) surged and remains elevated compared to equity volatility (VIX). (Bloomberg) …
Stock returns since market bottom on this day a year ago: Wayfair +1,034%Tesla +671%Etsy +565%Pinterest +478%Peloton +369%PayPal +187%Twitter +164%Nvidia +148%Docusign +148%Apple +120%Zoom +106%Facebook +98%Google +93%Microsoft +74%Amazon +64%Netflix +45% — Jon Erlichman (@JonErlichman) March 23, 2021
by Michael Markowski The chart below which covers the yields for US 10 year and 30-year Treasury bonds from January 1940 to March 2021, was pulled from a March 4, 2021 Elliot Wave report. The chart depicts the crashes for the Dow …
Folks this weather system is not playing. If you are in Oklahoma, Louisiana, Mississippi or Alabama you need to pay attention to the weather. All hell is breaking loose at the moment. Tuscaloosa, AL has a large wedge tornado on …
via corelogic: Home flipping activity[i] – which is the act of buying a property with the intent to sell in a short period of time for a profit – has increased steadily over the last eight years. By the fourth quarter of …
Via Investors Business Daily Employer-based health insurance premiums climbed 4.2% this year for family plans, according to an annual Kaiser Family Foundation report. That’s up from 3% the year before. Since 2008, average family premiums have climbed a total of …
https://www.youtube.com/watch?v=6Lb_5ngm6sk
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter US trade mixed, Eurozone stagnating, Japan on downtrend. But Latin America picks up some of the slack. World trade volume, which had been growing at a strong pace last year, peaking at 5.6% year-over-year growth in …
via mybudget360: Millennials continue to face the struggles of living in a world where they are deep in debt and the idea of buying a home is becoming more of a farfetched pipe dream. As recently as 2009 non-housing debt stood …
From Birch Gold Group This week, Your News to Know rounds up the latest news involving precious metals and the overall economy. Stories include: Gold has been second-best performing asset since 1999, a recession and debt crisis would be good for …
by Playaguy The obvious intent was to derail the Trump Administration. Goldman Sachs might have been The Obama and Romney campaigns top contributor, but they could not allow a “pied piper” to take power. Russiagate was born. https://www.axios.com/robert-mueller-donald-trump-social-media-reach-0586790d-711f-42fe-b3e1-21acc54cdfa6.html It’s easy …
February was bad. Housing market weakness is now spreading out from London. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. London home prices in February took their biggest one-off hit since the dark days of the last crisis, according to data …
By Julianne Geiger The the number of active oil and gas rigs fell sharply in the United States this week according to Baker Hughes, bringing the overall rig count below year-ago levels in a rare first not seen in years. …
via Zerohedge: The recent collapse in world trade volume is the worst since the financial crisis and as dangerous as during the dot-com bubble of the early 2000s, according to The Telegraph. Data from the CPB Netherlands Bureau for Economic Policy …
by Frank Holmes, CEO, U.S. Global Investors Last week the world got its first look ever at a black hole, one of those cosmic bodies so supermassive and powerful that not even light can escape its pull. These things literally …
As of the end of 2018, net worth as a share of the U.S. total had shrunk considerably for the upper middle class. In one generation, U.S. wealth held by households from 50th to the 90th percentiles fell from 35.2 …
by Jim Quinn You will find more infographics at Statista Uber filed for its highly-anticipated IPO on Thursday, providing the general public with a first glimpse of its explosive growth and piling losses. According to the filing, Uber had 91 million monthly active …
via Zerohedge: The Saretsky Report contributed to this article. Just like last month, when Grant’s Interest Rate Observer dubbed the Vancouver housing market as “ghastly”, in April Vancouver once again reported the fewest monthly sales in 33 years. According to the Real Estate Board …
By Irina Slav Canada’s oil and gas industry could shed another 12,500 and more jobs this year, which would bring the total job losses over the past five years to 23 percent of the 2014 total, which stood at 226,500. These …
via fxstreet: Key highlights: • 2020 unchanged at 3.6%. • Says risks to the downside based on Brexit and US-China talks. • Says growth will stabilize in the first half of 2019, sees gradual recovery afterwards. • Sees global trade volume up 3.4% …
by inspurious View the interactive version here. This chart shows the suicide rate (per 100,000 persons) in California between 1999 and 2017 for 5 separate age groups. Data source: Multiple Cause of Death, 1999-2017 dataset from the Centers for Disease Control and Prevention. …
via upfina: The MBA mortgage applications index in the week of March 29th was very strong mostly because of the growth in refinancing due to the drop in interest rates. The composite index increased 18.6% on top 8.9% growth in the prior …
From Birch Gold Group According to the IMF, the U.S. dollar is known as the “Global Reserve Currency”. There are a number of reasons for this, but mainly because it’s backed by the U.S. economy. That economy is fraught with uncertainty at the moment. …