Shocking Drop In Job Openings After Massive Downward Revision; Quits Plunge To 8 Year Low
Shocking Drop In Job Openings After Massive Downward Revision; Quits Plunge To 8 Year Low Last month, when Kamala Harris still had some chance of winning the election, we were not surprised to learn that according to the extremely political Bureau of Labor Statistics, in August the number of job openings unexpectedly soared from an […]
Is The Dollar Collapsing? 7 Key Indicators You Can’t Ignore
Is The Dollar Collapsing? 7 Key Indicators You Can’t Ignore Authored by Nick Giambruno via InternationalMan.com, As outlined in the graphic below, there are seven key indicators to watch as the US government falls deeper into the self-perpetuating debt spiral that I think will culminate in the collapse of the US dollar. Indicator #1: Federal Budget Deficits The […]
Conference Board Surveys Signals Surge In Consumer Confidence In October
Conference Board Surveys Signals Surge In Consumer Confidence In October After plunging by the most in three years in September, analysts expected a small rebound in The Conference Board’s consumer confidence in October. Instead of a small rebound, confidence exploded higher with the headline rising from 99.2 to 108.8 (vs 99.5 exp). A measure of expectations for […]
Kamala Harris Wins Nickelodeon’s ‘Kids Choice’ Presidential Election Poll
Kamala Harris Wins Nickelodeon’s ‘Kids Choice’ Presidential Election Poll The election has been decided, 52% Harris versus 48% Trump and Kamala cackles all the way to the Oval Office, at least, according to a long running Nickelodeon kids poll. The event has over 32,000 participants casting their virtual vote, which was open from Oct. 3-23. […]
Yellen Targets 'Unbanked' Population with New Financial Strategy
Treasury Secretary Janet Yellen has introduced a plan to increase financial inclusion in the United States. The strategy aims to ensure more Americans have access to bank accounts and affordable credit, which Yellen believes will lead to a stronger and more equitable economy. The plan includes encouraging account openings, expanding affordable banking options, improving credit […]
HSBC Unveils New Gold Token at Hong Kong Fintech Week
HSBC introduced its gold token at Hong Kong Fintech Week, representing the first bank-issued real-world asset token linked to physical gold. Launched in June 2024 for Hong Kong residents, each token equals 0.001 ounces of gold and is based on a private distributed ledger. The token allows for fractional gold ownership, easier buying and selling, […]
Hurricanes and Strikes Cloud October Jobs Report, Complicating Fed's Decision
The upcoming October jobs report is expected to show muted employment growth due to the impacts of Hurricanes Helene and Milton, as well as ongoing strikes at Boeing. With estimates ranging widely from job losses to modest gains, the report will be difficult to interpret clearly. This complicates the Federal Reserve’s decision-making ahead of its […]
Earnings Rebound on the Horizon: CEOs Signal Turning Point for Corporate America
Corporate America is signaling a potential turnaround in earnings, with CEOs indicating that the current quarter may represent the bottom. This sentiment, particularly among cyclical companies, suggests that the stock market rally could extend beyond technology shares. As the economic environment improves and the Federal Reserve eases its stance, there’s growing optimism for a broader […]
China Planning 10 Trillion Yuan In Extra Debt For Fiscal Stimulus; Oil, Commodities Rebound
China Planning 10 Trillion Yuan In Extra Debt For Fiscal Stimulus; Oil, Commodities Rebound After suffering its biggest drop in two years after the latest iteration of the performative “war” between Israel and Iran ended with yet another dud, oil has rebounded and is 1.4% higher after a Reuters report that China is considering approving […]
US Home Prices Remain Near Record Highs… As Mortgage Rates Re-Surge
US Home Prices Remain Near Record Highs… As Mortgage Rates Re-Surge With mortgage rates re-accelerating, the housing market faces another (worsening) affordability crisis – all since The Fed cut rates – and just to add some more pain to that, S&P CoreLogic’s Case Shiller data for August (released today) shows home prices in the top […]