Finance
Authored by Patricia Tolson via The Epoch Times (emphasis ours),Just when the wife of one incarcerated Jan. 6 prisoner believed things couldn’t get worse, the Department of Veterans Affairs (VA) informed…
Like many people, I expected the worst from the Jan. 6 committee: long, droning speeches, grandstanding by posturing politicians, lots of he-said-she-said.What we’ve gotten instead has been riveting and terrifying.…
The red hot pandemic-era housing market is cooling as historically tight available inventory shows signs of reversing. An affordability crisis has removed millions of new home buyers as the number of active US…
Authored by Jannis Falkenstern via The Epoch Times (emphasis ours),Florida Chief U.S. District Judge Mark Walker ruled on June 27 that the state can enforce the “Stop Woke Act”—but did…
The California government has leaked an enormous volume of personal data on the state's gun owners—including the name and address of every concealed carry permit holder in the state. The data…
Authored by Regina M. Egea and Danielle Zanzalari via RealClearPolicy.com,Across the United States, state governments are awash in cash. In a sharp contrast, American taxpayers are enduring a rate of…
The Fed's QE may be over, and QT may be just starting (it won't last long), but don't think the Fed free money giveaway is ending any time soon. In…
Authored by Michael Shellenberger via Substack,The West's Malthusian neoliberal political order is rapidly collapsing...Led by U.S. President Joe Biden, the Group of Seven (G-7) economic powers announced plans to ban the…
Authored by Michael Shellenberger via Substack,The West's Malthusian neoliberal political order is rapidly collapsing...Led by U.S. President Joe Biden, the Group of Seven (G-7) economic powers announced plans to ban the…
Just hours after reports of hundreds of people being laid off at Tesla's San Mateo, Autopilot focused, office, it appears the company is up and running at full capacity at…
Authored by Jeffrey Tucker via The Brownstone Institute,Two weeks before the 2020 general election, on October 21, 2020, Donald Trump issued an executive order (E.O. 13957) on “Creating Schedule F in the…
The quarter may be over, but the selling is extending to the afterhours session where the closely watched semiconductor bellwether just reported earnings which were not that bad. The problem…
by Calculated Risk on 6/30/2022 04:14:00 PM Fannie Mae reported that the Single-Family Serious Delinquency decreased to 0.87% in May from 0.94% in April. The serious delinquency rate is down…
It appears the world's investors were 'over-stuffed' full of liquidity just as 2021 ended... ...which meant the first half of 2022 was a bloodbath for most. Stocks were clubbed like…
by Calculated Risk on 6/30/2022 03:52:00 PM Note: I like using Las Vegas as a measure of recovery for both leisure (visitors) and business (conventions).From the Las Vegas Visitor Authority:…
With consumption (nominal at 0.2% vs.0.4% consensus) and personal income May releases, we have the following snapshot of some key indicators followed by the NBER BCDC. Figure 1: Nonfarm payroll…
To assess the importance of unequal access to medical expertise and services, we estimate the causal effects of having a child who is a doctor on parents’ mortality and health…
By Lambert Strether of Corrente Whoops, came unstuck in time, there. Date in title now fixed! –lambert Bird Song of the Day Common Nightingale (golzii), Hunting Cabins, Almaty oblysy, Kazakhstan…
By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. In the wake of last Friday’s Supreme…
Bitcoin broke back below $19,000 this morning to end its worst first-half of a year ever (and worst quarter since Q3 2011...The (mostly negative) headlines keep mounting as JPMorgan's Nikolaos…
Authored by Dave DeCamp via AntiWar.com,President Biden announced Wednesday during the NATO summit in Madrid steps that the US will take to increase its military presence in Europe, including the establishment of…
We discuss how to optimally navigate a volatile market… The Cost of Admission for an Investor Source: Bloomberg, June 30th, 2022
To be honest we haven't spent much time discussing the timesink idiocy of the Biden/G7 "Russian oil price cap" idea because well, it is idiotic as Rabobank explained...The ‘oil cap’…
Authored by Jack Phillips via The Epoch Times,President Joe Biden announced Thursday he would support ending the 60-vote Senate filibuster to pass bills to allow abortions at the federal level.During his campaign,…
A day after Fed Chair Powell crowed once again how the US economy was strong enough to cope with his hawkish rate-hike cycle (and President Biden told the world this…
Shares in German gas and power utility Uniper crashed, plunging as much as a fifth on Thursday after the company slashed its outlook and sought a possible bailout from the…
Authored by Charles Hugh Smith via OfTwoMinds blog,Putting this all together, it's clear that the source of the current housing bubble is the explosion of financial speculation fueled by central…
At the same time as it give the Biden admin a token victory by overturning Trump's "remain in Mexico" rule, the US Supreme Court also struck a major blow to…
Authored by Tom Ozimek via The Epoch Times (emphasis ours),The Biden administration said it has signed a new agreement with Pfizer and partner BioNTech for 105 million doses of their…
Just when investors were hoping for a month- and quarter-end rebalancing uptick in stocks after the carnage of the last few months, US equity markets are ending the first half…
Tucker Carlson has done it again.On Thursday night, the Fox News host laid bare the Biden administration's escalating war against political enemies."Here's a list of the things they've done, because…
The Supreme Court ruled in favor of the Biden administration on Thursday, which sought to end the Trump-era "Remain in Mexico" policy that requires asylum seekers to wait in Mexico until…
President Joe Biden in his Thursday press conference from the Madrid NATO summit claimed that he's never waivered on supporting a new F-16 sale to Turkey, also emphasizing in response…
By Michael Every of RabobankI-Bear-IanApart from a downwards revision to Q1 GDP that made an already bad number look really ugly, most of yesterday’s main action took place in Iberia:…
by Calculated Risk on 6/30/2022 09:51:00 AM Today, in the Calculated Risk Real Estate Newsletter: Realtor.com Reports Weekly Inventory Up 25% Year-over-yearExcerpt: Realtor.com has monthly and weekly data on the…
Russia has taken a major step in trying to demonstrate to Western powers that it's serious about freeing up grain passage off Ukraine's coast and in the Black Sea, with…
Authored by Gary Bai via The Epoch Times,As Elon Musk’s Twitter following sprinted past the 100-million mark this week - a milestone the billionaire shares with Barack Obama, Justin Bieber, Rihanna, Katy Perry,…
The OPEC+ coalition ratified an oil-production increase that completes the return of supplies halted during the pandemic, while deferring discussions on its next move for another day.The 23-nation group led…
President Biden will deliver final remarks from Madrid following his trip to Europe to meet with NATO leaders amid Russia's invasion of Ukraine:Watch: Biden and NATO leaders held a highly…
Authored by Steve Watson via Summit News,One of Joe Biden’s senior advisors bragged this week about how the administration’s forced transition to green energy is causing people working in the fossil fuels…
The headline-maker from this morning's macro melange is The Fed's favorite inflation indicator - Core PCE Deflator - printed lower than expected at +4.7% YoY (vs +4.9% expected and +4.9%…
by Calculated Risk on 6/30/2022 08:42:00 AM The BEA released the Personal Income and Outlays report for May: Personal income increased $113.4 billion (0.5 percent) in May, according to the…
by Calculated Risk on 6/30/2022 08:33:00 AM The DOL reported: In the week ending June 25, the advance figure for seasonally adjusted initial claims was 231,000, a decrease of 2,000…
By Simon White, Bloomberg Markets Live Commentator and ReporterEarnings estimates start falling too late and stop falling too early in recessions. Macro-driven indicators are much more reliable indicators of the…
Many women are worried that their data might be used against them — whether it’s period tracking apps, digital receipts or other information collected by companies.Receiving an abortion-inducing pill in…
It was supposed to be a 7% ramp into month-end on billions in pension fund residual buying.Instead, it ended up being more or less the opposite, with crypto-led liquidations dragging…
On the eve of a planned shareholder meeting on an acquisition by Frontier Airlines, Spirit Airlines said Wednesday evening that it was putting off the vote and would continue to…
I think there’s clear evidence that the current murder spike was caused primarily by the 2020 BLM protests. The timing matches the protests well, and the pandemic poorly. The spike…
Authored by Matthew Piepenburg via GoldSwitzerland.com,If you think the current market disaster hurts; it’s gonna get worse despite recent dead cat bounces in U.S. equities.The Big 4: Dead Bonds, Rising…
Lambert and I, and many readers, agree that Ukraine has prompted the worst informational environment ever. We hope readers will collaborate in mitigating the fog of war — both real…