by confoundedinterest17 Well, it is not always sunny in Philadelphia. The Philadelphia Fed Business Survey just crashed and burned to the worst reading since The Great Recession of 2008/2009. Alarm! The Fed is expected to raise rates two more times before …
by confoundedinterest17 The Federal Reserve never died. In fact, The Fed is growing its balance sheet again. Why? A slowing economy and weakness in the banking sector (thanks to inflation and the Fed trying to get inflation back to 2%. And …
by confoundedinterest17 As we begin 2023 (and I am still bummed-out over Ohio State University losing a nail-bitter to Georgia in the Peach Bowl), we need to look at the condition of one of the most important sectors of the US …
by confoundedinterest17 The US Composite PMI was released this morning and it printed at 44.6. Not surprising given that M2 Money growth has slowed as The Fed removes its monetary punch bowl. M2 stimulus is foul-tasting for the middle class and …
by confoundedinterest17 Well, Omicron is hitting hard. Not the virus itself, but governments’ reaction to the virus. The NY Empire Manufacturing Index has tanked into negative territory. New orders are down 5%. On the energy front, West Texas Intermediate Crude Oil …
Asian stocks fell and the won slumped to a one-month low on speculation North Korea will retaliate to artillery drills by its neighbor. Treasuries and the dollar rose as demand for U.S. debt as a haven increased. The MSCI Asia …
🚨 LIVE @ 3PM ET Danger ahead. Construction spending slumps in September. Residential work projects drop. Mega bank stocks down on Friday… & keep going lower. Why? What's next? Tune in live and find out…https://t.co/vSwxD3WLvr — Gerald Celente (@geraldcelente) November …
by confoundedinterest17 Can you say “All the king’s horses and all the king’s men ..” Or “All The Fed’s stimulus and all of Biden’s jobs bills ..” Yes, the Atlanta Fed’s GDPNow Q3 tracker slumped to 2.3% despite the massive stimulus …
Bitcoin Slumps as Traders Brace for Volatile Long Weekend… (Bloomberg) — Bitcoin slumped 7% to near $35,500, recalling levels seen in the crypto meltdown last week as traders brace for fresh volatility over the long weekend. Prices across digital tokens …
via MarketWatch: The numbers: The S&P/Case-Shiller 20-city index rose a seasonally adjusted 0.3% in November compared to October and was 4.7% higher compared to a year ago. That was the slowest pace of annual growth since January 2015. What happened: Home price …
Via ZeroHedge And just like that, a million hopeful voices cried out in horror… Real average hourly earnings shrank by the most since 2012 in July… For years hope has been soaring that household income will rise any minute now… and …