With stubborn inflation, the company is experiencing a fall in demand for higher-margin discretionary goods compared to perishables like snacks and cookies, that has dented margins at a time when costs have been elevated. And, like so many other suffering …
via Zerohedge: Ahead of this week’s earnings-season ending barrage of retail data, analysts and traders were asking if the strong consumer spending momentum from early in the season would carry through or if we would see an uglier side to the US …
View post on imgur.com https://finance.yahoo.com/quote/FRC/ First Republic deposits dropped 40% in the first quarter. Cutting 25% of workforce. Pursuing strategic options. Stock down after hours. Here we go again. pic.twitter.com/ijMWHUkUNm — Genevieve Roch-Decter, CFA (@GRDecter) April 24, 2023 We’re running …
View post on imgur.com https://finance.yahoo.com/quote/BBBY/ pic.twitter.com/r0UhibcNlr — Mostly Peaceful Memes (@MostlyPeaceful) April 23, 2023 View post on imgur.com View post on imgur.com View post on imgur.com View post on imgur.com h/t dr0id
by Chris Black The inflation is here to stay, whether you raise the rates or not. The only reason you would raise rates to try to do something with inflation is if you were purposefully trying to collapse the economy. …
by confoundedinterest17 As the economy weakens and The Federal Reserve tightens (to fight inflation), we are seeing the lowest level of S&P 500 equity risk premiums since before the financial crisis. Way to go, Mayor Pete amd Dementia Joe!
by confoundedinterest17 The NFIB Small Business Optimism Index is plunging and just fell below 90. The index was above 100 before the Wuhan virus outbreak in 2020, but has only been at 100 or above for only two months under …
by confoundedinterest17 Call out The Birds Of War! Aka, The Federal Reserve. The Philadelphia Fed’s Business Outlook plunged to 1-9.40% YoY, the worst since 2012. Notice how the Philly Phed Plunge is related to M2 Money growth YoY. Birds of war!
by Michael Could you imagine being sent to prison for three years if you dared to set your thermostat above 66 degrees Fahrenheit? As you will see below, this is a proposed regulation that is actually being considered in a major …
by confoundedinterest17 We are going down this road, feeling bad. As The Fed Reserve prepares to raise their target rate in a week by 75 basis points to 2.50%, the NAHB Home Builder’s confidence index plunged. The 30-year mortgage rate is …
by confoundedinterest17 As Americans are painfully aware, inflation is the highest in 40 years prompting The Federal Reserve to remove the massive punch bowl. In fact, Federal Reserve Governor Christopher “Fats” Waller backed raising rates by 75 basis points this month. How hot …
by Boo_Randy Heckova job, central bankers. https://www.macrobusiness.com.au/2022/07/reserve-bank-new-zealand-consumer-recession/ Independent economist Tony Alexander’s latest monthly Spending Plans Survey for New Zealand shows that a record net 27% of the near 1,000 respondents plan on cutting consumption spending over the next 3 to 6 months …
by Michael If countries in Europe are already beginning to ration certain things due to “supply problems”, how long will it be before it starts happening in the United States? Up until the past couple of years, many of us …
by confoundedinterest17 As inflation worsens, the University of Michigan survey of consumers fell again as US inflation worsens. On the housing front, buying conditions for houses fell to 70 as a result of soaring home prices. MY confidence in Biden and …
Snowflake shares dropped as much as 30% in extended trading on Wednesday after the data-analytics software company showed the slowest revenue growth since at least 2019. Here’s how the company did: Earnings: Loss of 43 cents, adjusted Revenue: $383.8 million, vs. $372.6 …
by confoundedinterest17 As someone who needs to move to Ohio, I would really appreciate it if mortgage rates would more closely follow the 10-year Treasury yield. But alas, Bankrate’s 30-year mortgage rate just rose to 4.30% as the US Treasury 10-year …
https://twitter.com/disclosetv/status/1471815403546587144
by confoundedinterest17 Just look at this chart of the University of Michigan Buying Conditions For Houses index. It was positive (meaning above 100) until shortly after COVID struck and The Federal Reserve rode to the rescue. National home price growth was …
by confoundedinterest17 Its that time of year for mortgage purchases applications! Purchase applications usually decline during December and start to rise after the beginning of the year. Mortgage purchase applications (white line) dropped -30.4% from the previous week, not usual …
Alibaba Just Confirmed Investors’ Worst Fears Panic is never a great attitude to have in investing, but neither is blind optimism. So it’s probably healthy for Alibaba (NYSE:BABA) shareholders not to get too overwhelmed by the ongoing Chinese regulatory crackdown, …
by confoundedinterest17 The last time we saw US labor productivity out per hour this low was in 1981 when President Reagan inherited stagflation from President Jimmy Carter. As unit labor costs soar +8.3%. Any wonder that the 1% have been …
ZILLOW laying off quarter of staff… Real estate website Zillow will lay off nearly one-quarter of its staff as it prepares to stop buying and selling homes, according to The New York Times. The company made the announcement on Tuesday, citing heavy …
by confoundedinterest17 U.S. consumer sentiment fell in early August to the lowest level in nearly a decade as Americans grew more concerned about the economy’s prospects, inflation and the recent surge in coronavirus cases. The University of Michigan’s preliminary sentiment index …
by confoundedinterest17 Talk about NIRP (negative interest rate policy). The Real 30-year mortgage rate (nominal rate – headline CPI YoY) has now fallen to -2.35%. While the REAL 30-year mortgage rate is at its lowest level since 1975 and President Gerald …
by confoundedinterest17 Its just another Manic Monday in both bond and equity markets. (Bloomberg) — Surging Treasuries drove the yield on the 10-year note below 1.2% for the first time since February as coronavirus concerns weighed on the prospects for the global economy …
by confoundedinterest17 The University of Michigan consumer survey revealed today the Buying Conditions For Housing (Good) plunged to the lowest level since 1982. Here is a longer view of the data. Overheated home price growth is finally spooking consumers. “I will …
Bitcoin and other digital coins plunged on Friday, wiping over $200 billion of the value of the cryptocurrency market. Bitcoin and other digital coins plunged on Friday, wiping over $200 billion of the value of the cryptocurrency market. President Biden …
by confoundedinterest17 Cryptocurrency Bitcoin finally hit $60,000 and is holding! Just like in the movie Stargate with Kurt Russell. Of course, the CS Fear Barometer is falling thanks to massive Fed money printing and balance sheet expansion. The CS Fear Barometer measures …
Put another way: the scourge of illegal democrat voters sneaking into Hungary has dropped over 99% after implementation of effective border barriers. You can watch a video with the full story at the link below “With Washington stalled over the …
via Zerohedge: Following February’s very mixed picture (Services soared, Manufacturing tumbled), PMIs were expected to revert modestly in March (especially following this morning’s collapse in German PMI). However, just like Germany, US Services and Manufacturing PMIs dropped notably more than …