by confoundedinterest17 This is last data dump for mortgage demand (applications) before Biden’s idiotic woke mortgage policies go into effect (taxing those with good credit to subsidize those with lousy credit) take effect. I call this Bolshevik Biden’s Mortgage Market. …
by confoundedinterest17 It’s only mid April and mortgage demand should be approaching it’s yearly high. But under Biden and The Fed, mortgage demand seems to have peaked earlier than normal. It’s already late in mortgage cycle. Mortgage applications decreased 8.8 percent from …
via Bloomberg: US bank lending contracted by the most on record in the last two weeks of March, indicating a tightening of credit conditions in the wake of several high-profile bank collapses that risks damaging the economy. Commercial bank lending …
From the WSJ: When Silicon Valley Bank collapsed last month, the core problem was a giant hole in its bond portfolio. When depositors started fleeing First Republic Bank pointing triangle soon afterward, the concern mainly was about a hole in …
by confoundedinterest17 It’s not always sunny in Philadelphia. The Philadelphia Business outlook remains grim at -23. This comes after yesterday’s terrible Empire State print. Between Biden’s energy policies and massive spending by Biden/Congress, we are seeing the raging effects of …
by confoundedinterest17 The Federal Reserve and Biden Administration are like one massive gaffe machine. And with it, the Empire State manufacturing outlook plunged to -24.6. An inflation measure, PPI Final Demand YoY declined to 4.6%. While the Dow is down -1.36% …
by confoundedinterest17 Three regional Fed reports I like to watch are New York’s Empire State Outlook, Philly Fed’s Outlook and Richmond Fed’s outlook. Today, The Richmond Fed released their manufacturing outlook and … it declined to -11. So the big …
From BLS: The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a seasonally adjusted basis, after increasing 0.1 percent in November, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, …
by silvertomars Elon Musk Predicts “Serious Recession” in 2023, Announces Plans for Twitter and Tesla Elon Musk, the billionaire head of Tesla, Space X, and Twitter, on Thursday predicted a “serious recession” in 2023 and promised not to sell …
by Shaun Richards One of the reasons I do not look at wage growth in the Euro area more often is that the data available is usually well behind the times. But a research paper from the Central Bank of …
by confoundedinterest17 Alarm! Even Joe Biden’s hate speech towards Republicans can’t mask the horrid inflation on his watch. As if Biden watches anything other than ice cream cones. On a YoY basis, US Productivity is down for the 3rd straight quarter (and 4th …
by confoundedinterest17 I was confused when President Biden claimed ‘I was sort of raised in the Puerto Rican community’ in Delaware.” Here are Joe and Jill Biden singing “America.” Apparently, Biden was in the Sharks gang and Trump’s MAGA supporters are the Jets. On …
by silvertomars They increased rates aggressively early on, front running inflation, whereas the West kept rates at zero and pretended inflation did not exist…
Real wages have fallen EVERY MONTH since Biden’s $1.9 trillion "stimulus" passed. '𝟐𝟏Apr: -3.4%May: -2.7%Jun: -1.3%Jul: -1% Aug: -0.9%Sep: -0.5%Oct: -0.8%Nov: -1.4%Dec: -2.1%'𝟐𝟐Jan: -1.9%Feb: -2.5%Mar: -2.6%Apr: -2.5%May: -2.9%Jun: -3.5%Jul: -3%Aug: -2.8% — Jacki Kotkiewicz (@jackikotkiewicz) September 13, 2022 Steep fall: …
by confoundedinterest17 Slippin’ into darkness! US labor productivity output per hour declined -4.1% QoQ in Q2 while unit labor costs rose 10.2% QoQ.
by confoundedinterest17 After breaking the 6% barrier back in June 2022, Bankrate’s 30-year mortgage rate has backed-off to 5.28% despite Federal Reserve rate hikes. The reason for the decline in the US Treasury 10-year is, amongst other things, a global …
by confoundedinterest17 Watching the US economy under Biden is like watching that horribly painful episode of The Office entitled “Scott’s Tots” where Michael Scott promises Scranton PA third graders that he will pay for their college … and then gives them laptop batteries …
by Mac Slavo of SHTFplan Infrared satellite imagery from the entire globe is showing massive crop declines everywhere, except in Russia and China. These images suggest that staple crops such as wheat are in poor condition and in sharp decline among major exporters …
by confoundedinterest17 Americans’ Savings Rate Drops to Lowest Since 2008 as Inflation Bites. Yes, inflation really bites. In fact, as US inflation is near the 40-year high, US personal savings declined -65% YoY as consumers try to cope with rising prices. …
Judge Declines Jail for Two Men Who Impersonated DC Federal Agents U.S. Magistrate Judge Michael Harvey (Obama appointee in 2015) declined to hold the two men in jail who are accused of impersonating federal agents in Washington DC. “There’s been …
by Sundance As workers and middle class Americans continue to be squeezed by Joe Biden inflation, the inability of wages to cover housing costs continues to create a burden in the housing market. Investment groups are purchasing hard asset real estate, …
by Martin Armstrong Reliable sources have confirmed that Putin offered to stop the war instantly if Kyiv give up its army, change its constitution to become a permanently neutral country in accordance with the Budapest Agreement, and acknowledge Crimea as part of Russia …
Nasdaq tumbles 2% Friday, notches worst week since 2020 and falls deeper into correction territory U.S. stocks tumbled on Friday, closing out a losing week and continuing a rough start to 2022. The Nasdaq Composite was hit the hardest …
Doug Shapiro, Executive Director of the National Student Clearinghouse Research Center, joins Yahoo Finance Live to discuss how higher education enrollment is declining and how some students are deciding to go 2-year colleges instead of 4-year colleges due to affordability.
States with largest population declines (2020-2021)…1) New York: -319k2) California: -262k3) Illinois: -114k States with largest population growth (2020-2021)…1) Texas: +310k2) Florida: +211k3) Arizona: +98k Data via census: https://t.co/W1sCzltc35 pic.twitter.com/M5NgFvHprA — Charlie Bilello (@charliebilello) December 30, 2021
by Martin Armstrong Someone is not happy about Joe Manchin slapping down the Build Back Better agenda. Vice President Kamala Harris embarrassed herself while being interviewed by a popular radio personality who is known to push buttons. When asked whether …
by confoundedinterest17 With just three days until Christmas, we are seeing gold (gold line) rise, the US Dollar (green line) fall and the major Crytos Bitcoin and Ethereum remain quiet. And the US Treasury 10Y-2Y slope is back to where is …
Carnivore Trades, Released on 12/7/21 Become a Patron and receive exclusive swing trade alerts in real time, plus premium market commentary – https://www.patreon.com/carnivoretrades Weekend Analysis Videos Can Be Found at –https://www.youtube.com/channel/UC0iT… Follow Aaron Basile: Twitter: https://twitter.com/aaronbasile YouTube: https://www.youtube.com/user/aaronbasile/videos Website: https://aaronbasile.wordpress.com
by confoundedinterest17 If this what the Biden Administration had in mind? Soaring labor costs at the same time that labor productivity is falling to its lowest level since 1960? Powell and the Gang’s monetary approach doesn’t seem to be working for …
A massive labor shortage continues to grip the nation and hold back our economic recovery. With countless pandemic and policy factors influencing the shortage, there’s a heated debate over what’s keeping so many workers out of the labor force. But …