Tim Picciott (The Liberty Advisor) gives the Economic Report - Dr. Judy Mikovits provides an update on vaccines/education/mandates
On Tuesday, the National Association of Realtors (NAR) will release the Existing Home Sales (EHS) report for August. According to the Bloomberg consensus, EHS should increase by 2.6% MoM to 6.01M SAAR.
Economic and Market Conditions...
The battle to claw back a significant percentage of the $50 trillion is just beginning.
In the Fed's latest Flow of Funds report released at noon today, the Fed unveiled the latest snapshot of the US "household" sector as of June 30 2020.
Over the past 6 months we have repeatedly discussed the plight of commercial real estate which unlike most other financial assets, failed to benefit from a Fed bailout or backstop (but that may soon change).
In the wake of the Fed's promise of 23 March to print money without limit in order to rescue the covid-stricken US economy, China changed its policy of importing industrial materials to a more aggressive stance.
The cost of living in New York City is so steep that in the past 4 months, 35% have considered leaving.
...Stimulus Bill Demand. As a reminder, two days ago Trump made it clear that the White House is now willing to settle at the $1.5 trillion package which was introduced by the Problem Solver caucas, urging Senate republicans to raise their $500BN ski
Unemployment skyrocketed in March and April, during the worst stage of the pandemic and the lockdowns that followed.
Even as the fiscal 2020 budget deficit surged past $3 trillion, more than double the previous record deficit, US Treasury Secretary Steve Mnuchin called for more federal spending, saying "now is not the time to worry about shrinking the deficit.
After yesterday's record-high homebuilder sentiment, it may seem odd that analysts' expectations were for a small drop MoM in Housing Starts (and only a modest rise MoM in Building Permits) in August.
As of Aug, 31, 163,735 businesses have indicated on Yelp that they have closed, a 23% increase since mid-July.
The dollar's decades-long position as the global reserve currency is in jeopardy because of steps the U.S. has taken to support its economy during the Covid-19 pandemic, according to Ray Dalio, founder of hedge fund giant Bridgewater Associates.
Why do we tolerate such a corrupt, undemocratic, exploitive, elite-dominated system? Because we have no other choice? No, we do have a choice.
Biden unleashed his budget plans. Let's have a look.
After May's huge rebound from March and April's collapse, which pushed total retail sales to new record highs, August's growth was expected to slow as government handouts fade from memory and jobs don't return as rapidly as everyone expected.
As expected given the new pandemic driven 'escape from New York', the big apple's rental market has witnessed another record plunged for the month of August.
"It is difficult to get a man to understand something when his salary depends upon his not understanding it..."
"We aren't in the best of economic times," Stankey said...
Mr. Griffin explained his thoughts on the year 2021 and later. It was a grim warning that everyone should hear for the sake of trying to understand the current happenings. Mr. Griffin sees it as all part of a vast network of plans. It's psychological