Neueste Heute 07.05.2024 06.05.2024
Bad-Loans Hit Record-High As Used-Car Prices Suffer Worst Bear-Market Ever
08.05.2024, 02:41 Uhr. ZeroHedge News - https: - Bad-Loans Hit Record-High As Used-Car Prices Suffer Worst Bear-Market Ever A bear market in the used car market was confirmed in November and has since worsened through April. At the same time, negative equity values are hitting new record highs while auto insurance rates have soared the most since the mid-1970s. While gas prices at the pump are...
Stan Druckenmiller Gives Bidenomics An "F"
08.05.2024, 00:40 Uhr. ZeroHedge News - https: - Stan Druckenmiller Gives Bidenomics An "F" Billionaire investor and Duquesne Family Office Chairman & CEO Stan Druckenmiller slammed Bidenomics and warned the Federal Reserve and federal government "misdiagnosed Covid and thought it was -- we were going into a depression." Druckenmiller has been irritated by the massive fiscal spending by the...
Kashkari & Consumer Credit Curtail Stock & Bond Gains
07.05.2024, 22:01 Uhr. ZeroHedge News - https: - Kashkari & Consumer Credit Curtail Stock & Bond Gains Another quiet macro day (although an ugly picture was painted late on by the unexpectedly weak revolving credit increase - potentially signaling a US consumer who really has hit their limit). Some FedSpeak wiped a little lipstick off the early pig's squeeze higher as Kashkari seemed to offer both...
Shocking Collapse In Credit Card Debt Growth Just As Card APRs Hit All Time High
07.05.2024, 21:43 Uhr. ZeroHedge News - https: - Shocking Collapse In Credit Card Debt Growth Just As Card APRs Hit All Time High After several months of wild swings in US consumer debt, culminating with last month's jump in credit card debt to a new all time high despite record high credit card rates, in March households finally hit a brick wall because according to the latest consumer credit data...
Futures Flat As Post-FOMC Rally Takes A Breather
07.05.2024, 14:30 Uhr. ZeroHedge News - https: - Futures Flat As Post-FOMC Rally Takes A Breather US stock futures are flat after the S&P 500 and Nasdaq 100 both closed 1% higher on Monday, helped by growing optimism among investors that the economy is finally slowing greenlighting earlier rate cuts by the Fed. As of 8:00am ET S&P futures were unchanged at 5,206, trading about 1% above its 50DMA,...
Death Of Self-Checkout, Walmart Charges For It In Some Locations
07.05.2024, 02:20 Uhr. ZeroHedge News - https: - Death Of Self-Checkout, Walmart Charges For It In Some Locations By Mish Shedlock of MishTalk Theft and complaints are taking a toll on self-checkout. Now, Walmart wants you to pay $98 a year for Walmart+ for the self-checkout privilege at some stores. Retailers Scale Back Self-Checkouts The Wall Street Journal reports Retailers Scale Back Self-Checkouts...
Confidence In Biden Economic Stewardship Historically Low
07.05.2024, 01:01 Uhr. ZeroHedge News - https: - Confidence In Biden Economic Stewardship Historically Low By Megan Brenan of Gallup With Americans less optimistic about the state of the U.S. economy than they have been in recent months and concern about inflation persisting, their confidence in President Joe Biden to recommend or do the right thing for the economy is among the lowest Gallup has measured...
Tyson Foods Warns Low-Income Consumers Are Cracking Under Inflation Storm
06.05.2024, 22:41 Uhr. ZeroHedge News - https: - Tyson Foods Warns Low-Income Consumers Are Cracking Under Inflation Storm Tyson Foods, the second-largest producer of animal protein globally, plunged the most in one year after cautioning that heightened inflation is severely impacting its working poor customers, leading them to reduce their purchases of ready-to-eat products from its brands. This...
Where Is "Growth" Coming From? Fed Says Banks Tighten Credit Standards While Loan Demand Drops Further
06.05.2024, 21:27 Uhr. ZeroHedge News - https: - Where Is "Growth" Coming From? Fed Says Banks Tighten Credit Standards While Loan Demand Drops Further The first quarter Fed's Senior Loan Officer Opinion Survey (SLOOS) - the one place where every three months investors go to find information on changes to both loan demand and bank lending tightness - was released and revealed more of the same: despite...
Republicans Attempt Rollback Of Electric Truck Rule
06.05.2024, 20:26 Uhr. ZeroHedge News - https: - Republicans Attempt Rollback Of Electric Truck Rule By John Gallagher of FreightWaves The Biden administration’s recent final rule setting new carbon emissions standards for truck makers could be overturned if Republicans in Congress get their way. Senate and House Republicans on Wednesday introduced a resolution of disapproval of the Environmental...
Key Events This Week: Things Finally Quiet Down
06.05.2024, 16:58 Uhr. ZeroHedge News - https: - Key Events This Week: Things Finally Quiet Down After a whirlwind two weeks which saw both the latest FOMC decision and the April jobs report, not to mention the peak of earnings season when all of the top tech companies reported, the calendar takes a quieter turn after the deluge of macro events last week, and the focus shifts on whether markets can...
"Economics Works In Mysterious Ways": Is China's Wealth Effect Being Substituted?
06.05.2024, 01:51 Uhr. ZeroHedge News - https: - "Economics Works In Mysterious Ways": Is China's Wealth Effect Being Substituted? By Teeuwe Mevissen, Senior Macro Strategist at Rabobank Is the wealth effect being substituted? Summary China’s real estate market suffered heavy losses early this year while stock market investors continue to face huge uncertainty. This will add to the deterioration...
The World's Fastest Growing Emerging Markets (2024-2029 Forecast)
06.05.2024, 00:05 Uhr. ZeroHedge News - https: - The World's Fastest Growing Emerging Markets (2024-2029 Forecast) Large emerging markets are forecast to play a greater role in powering global economic growth in the future, driven by demographic shifts and a growing consumer class. At the same time, many smaller nations are projected to see their economies grow at double the global average over...
Governments Cause Inflation And Hurt Bond Investors
04.05.2024, 22:20 Uhr. ZeroHedge News - https: - Governments Cause Inflation And Hurt Bond Investors Authored by Daniel Lacalle, The Fed’s preferred inflation measure rose 2.8% in March from a year ago. This is the core personal consumption expenditures price index, excluding food and energy, which should be less volatile than the consumer price index and a better indicator of the real process of...
Paul Krugman's Magical Thinking: Taibbi
03.05.2024, 00:57 Uhr. ZeroHedge News - https: - Paul Krugman's Magical Thinking: Taibbi Authored by Matt Taibbi via Racket News, Last week, in “It’s Not Me, It’s You,’” I wrote about a booming new op-ed genre, the editorial that bashes hick voters for their incorrect “Perception of the Economy.” Pundits attack voters’ “stubbornly low” assessments, producing poll numbers that leave...
Markets Chop As Wall Street Awaits Apple Earnings After Bell, NFP Friday For Market Direction
02.05.2024, 22:00 Uhr. ZeroHedge News - https: - Markets Chop As Wall Street Awaits Apple Earnings After Bell, NFP Friday For Market Direction US equities ended their two-day slide as tech companies surged late in the session. The trading day has been choppy, with Wall Street now turning its attention to Apple's earnings after the bell. Some analysts anticipate Apple will reveal a major buyback...
"Sticky Inflation" Mentions On Earnings Calls Hits New High As Big Brands Warn About Buckling Consumers
02.05.2024, 20:36 Uhr. ZeroHedge News - https: - "Sticky Inflation" Mentions On Earnings Calls Hits New High As Big Brands Warn About Buckling Consumers On Wednesday, Fed Chairman Jerome Powell dismissed the idea that the economy could slide into "stagflation" despite multiple warning signs of a slowing economy and inflation reaccelerating higher. "I was around for stagflation, and it was 10%...
Futures Rise As Dovish Fed Boosts Sentiment, Reverse Bizarre Post-Powell Slide
02.05.2024, 14:18 Uhr. ZeroHedge News - https: - Futures Rise As Dovish Fed Boosts Sentiment, Reverse Bizarre Post-Powell Slide After a bizarre reversal when US stocks first slumped and then dumped after Powell's very dovish FOMC statement and press conference, US equity futures have regained their footing this morning and advanced as traders took comfort from the Fed’s signal that there’s no...
European Automakers Are Struggling With Falling Demand
02.05.2024, 10:15 Uhr. ZeroHedge News - https: - European Automakers Are Struggling With Falling Demand Shares in names like VW, Mercedes and Stellantis were lower this week, heading into Wednesday's session, after news of "falling demand" in Europe. In the first quarter of this year, Europe's top two car manufacturers faced a downturn due to diminished demand in China and domestic markets, Financial...
Starbucks on Brink Of Worst Crash Since Dot Com After "Stunning" Earnings Miss
01.05.2024, 21:25 Uhr. ZeroHedge News - https: - Starbucks on Brink Of Worst Crash Since Dot Com After "Stunning" Earnings Miss Starbucks shares plummeted by 16% during the early cash session, approaching the -16.2% level last seen during the Covid crash. If intraday losses surpass 16.2% and remain above this level at closing, it would mark the company's worst single-day loss since the Dot Com...
If Treasury Bonds Hit 5%, You're Gonna See Some Serious Sh*t
01.05.2024, 18:25 Uhr. ZeroHedge News - https: - If Treasury Bonds Hit 5%, You're Gonna See Some Serious Sh*t Submitted by QTR's Fringe Finance Almost as if all of us Austrian Economists (read: any carbon based life form using common sense when it comes to finance) live in an echo chamber together, a third expert I respect came out over the last few days and has warned that 5% on the 10 year treasury...
Fed Policies Turn The Wealth Gap Into A Chasm
01.05.2024, 17:33 Uhr. ZeroHedge News - https: - Fed Policies Turn The Wealth Gap Into A Chasm Authored by Michael Lebowitz via RealInvestmentAdvice.com, In an op-ed for the Washington Post on November 5, 2010, Ben Bernanke did a victory lap, praising the Fed’s efforts in stemming the financial crisis. In the article, he discusses how QE and other Fed policies eased financial conditions, bolstering...
More Stagflation Signals As Manufacturing Surveys Show Soaring Prices, Orders Tumble
01.05.2024, 16:10 Uhr. ZeroHedge News - https: - More Stagflation Signals As Manufacturing Surveys Show Soaring Prices, Orders Tumble While 'hard' data has been improving recently (albeit then downwardly revised a month later), it is the 'soft' survey data that has collapsed amid Bidenomics. Source: Bloomberg And this morning continued that trend as S&P Global's US Manufacturing PMI (survey) fell...
CVS Shares Dump On Earnings Miss, Outlook Slashed On Rising Medical Costs
01.05.2024, 15:20 Uhr. ZeroHedge News - https: - CVS Shares Dump On Earnings Miss, Outlook Slashed On Rising Medical Costs CVS Health shares plunged in the premarket trading session in New York after first-quarter revenue and adjusted earnings missed Wall Street's average expectations. The drugstore chain also slashed its full-year profit outlook, citing rising medical costs in its Medicare insurance...
Future Slide In Damp Start To New Month As Fed Decision Looms
01.05.2024, 14:13 Uhr. ZeroHedge News - https: - Future Slide In Damp Start To New Month As Fed Decision Looms US equities were set for a second day of losses, as investors weighed disappointing tech earnings and braced for today's Quarterly Refunding Announcement and Fed rate decision and Powell press conference where the Fed chair is expected to signal a delay to rate cuts. S&P 500 futures slid 0...
Meet The Lawyers Taking Big Government To The Supreme Court... And Winning
01.05.2024, 05:01 Uhr. ZeroHedge News - https: - Meet The Lawyers Taking Big Government To The Supreme Court... And Winning Authored by Kevin Stocklin via The Epoch Times (emphasis ours), As the administrative state implements more regulations on Americans, a team of legal veterans has come together to fight the expansion of unelected government agency power. (Illustration by The Epoch Times, Shutterstock...
"House Destocking": China Politburo Hints New PLan To Fix BIggest Drag On The Economy
01.05.2024, 04:41 Uhr. ZeroHedge News - https: - "House Destocking": China Politburo Hints New PLan To Fix BIggest Drag On The Economy China's Politburo meeting on economic policy took place today, and as SocGen's Wei Yao reports, the most important takeaway from the meeting is that policymakers are shifting their attention to housing destocking, as they pledged to 'study measures'. As usual about...
Gold Flowers Amid April 'Stagflation' Showers; Stocks, Bonds, & Crypto Crushed
30.04.2024, 22:01 Uhr. ZeroHedge News - https: - Gold Flowers Amid April 'Stagflation' Showers; Stocks, Bonds, & Crypto Crushed The final day of April was really ugly: ECI way hotter than expected (spooked markets), Case-Shiller home prices soared far more than expected (spooked markets more), Chicago PMI puked (while prices paid increased), Consumer Confidence crashed, and Dallas Fed Services slumped...
Want To Know What Is Really Going On In Biden's Economy, Read This
30.04.2024, 20:25 Uhr. ZeroHedge News - https: - Want To Know What Is Really Going On In Biden's Economy, Read This One can listen to, and believe, the government's lies about the miraculous growth of the economy and the stellar job that Bidenomics is doing... or one can listen to the truth straight from the countless small companies that make up the economy. We prefer the latter, which is why we...
'Expectations' Plunge To 11-Year-Lows As Conference Board Confidence Craters
30.04.2024, 16:22 Uhr. ZeroHedge News - https: - 'Expectations' Plunge To 11-Year-Lows As Conference Board Confidence Craters For the third straight month, The Conference Board's consumer confidence index fell in April, tumbling to 97.0 from a downwardly revised 103.1 (dramatically below the 104.0 median expectation and in fact below the lowest of all 56 analysts' estimates). Both current conditions...
US Futures Dip On Last Day Of April, First Down Month Of 2024
30.04.2024, 14:16 Uhr. ZeroHedge News - https: - US Futures Dip On Last Day Of April, First Down Month Of 2024 US equity futures dropped, and European markets were mixed on the last day of the month amid concerns the Fed may stick to its hawkish messaging at its meeting on Wednesday. As of 7:40am, S&P 500 and Nasdaq futures were down 0.1% while Europe’s Stoxx 600 index retreated 0.4%, while Asian...
Peter Schiff: Stagflation Finally Revealed
30.04.2024, 13:20 Uhr. ZeroHedge News - https: - Peter Schiff: Stagflation Finally Revealed Via SchiffGold.com, In this week’s episode, Peter covers the dismal figures released Thursday and Friday, horrible tax policies, and the appalling lack of transparency in our government. Stagflation is back in the economy, as last week’s GDP and PCE figures reveal. The US GDP growth metric for...
California's Tax Revenue Projections Weakening As Newsom's Budget Revision Deadline Looms
30.04.2024, 01:40 Uhr. ZeroHedge News - https: - California's Tax Revenue Projections Weakening As Newsom's Budget Revision Deadline Looms Authored by Travis Gillmore via The Epoch Times (emphasis ours), With the state facing a record-high budget deficit, tax collections are failing to meet California Gov. Gavin Newsom’s budget proposal projections, which could put further pressure on the state’s...
Global Metals Markets Face Uncertainty As Russian Ban Takes Effect
29.04.2024, 20:09 Uhr. ZeroHedge News - https: - Global Metals Markets Face Uncertainty As Russian Ban Takes Effect Authored by Metal Miner's Stuart Barnes via OilPrice.com, The ban could lead to a split between the LME and CME markets, with the CME at a premium and the LME at a discount. Traders are buying up Russian warrants and taking them off the market, making the metal ineligible for Western...
"I'm Worried...[About] Four More Years" - Dallas Fed Manufacturing Contracts For 24th Straight Month
29.04.2024, 18:40 Uhr. ZeroHedge News - https: - "I'm Worried...[About] Four More Years" - Dallas Fed Manufacturing Contracts For 24th Straight Month The Dallas Fed Manufacturing Outlook survey has now been in contraction (below zero) every month since May 2022, falling modestly to -14.5 in April (worse than the -11.2 expected). New Orders also remain negative (but did improve) and prices continue...
Key Events This Extremely Busy Week: Fed, Treasury Refunding, Jobs, JOLTS, ISM And Tons Of Earnings
29.04.2024, 16:40 Uhr. ZeroHedge News - https: - Key Events This Extremely Busy Week: Fed, Treasury Refunding, Jobs, JOLTS, ISM And Tons Of Earnings As DB's Jim Reid notes, with just two days left in a rollercoaster April for markets - and FX - last week actually saw the best week for the S&P 500 (+2.67%) and NASDAQ (+4.23%) since November, following several weeks of declines, as earnings gave markets...
Weaker Growth And Higher Inflation... Why Consensus Was Wrong
29.04.2024, 15:06 Uhr. ZeroHedge News - https: - Weaker Growth And Higher Inflation... Why Consensus Was Wrong Authored by Daniel Lacalle, The weak GDP figure for the first quarter came with a double negative. Poor consumer spending and exports, plus a rise in core inflation, The US administration’s enormous fiscal stimulus, underscores the importance of considering the weaker-than-expected data...
Futures Rise, Yen Downgraded To Banana Republic Currency After Another Rollercoaster Session
29.04.2024, 14:24 Uhr. ZeroHedge News - https: - Futures Rise, Yen Downgraded To Banana Republic Currency After Another Rollercoaster Session US equity futures swung between gains and losses and traded near session highs as US traders walked to their desks on Monday morning after a rollercoaster day for the Japanese yen, which increasingly looks like some 3rd world banana republic currency instead...
'FX Vigilantes' Strike - Yen Suddenly Crashes To April 1990 Lows Against The Dollar
29.04.2024, 05:15 Uhr. ZeroHedge News - https: - 'FX Vigilantes' Strike - Yen Suddenly Crashes To April 1990 Lows Against The Dollar The yen crashed in early Asia trading, tumbling to match is exact lows from April 1990 in what is being blamed on a 'fat finger' trade or multiple barrier-option trades being triggered, by sources that have literally no idea. The plunge extended Friday's big drop which...
A Chipotle Double Steak Bowl Is Now $39 In California
29.04.2024, 01:51 Uhr. ZeroHedge News - https: - A Chipotle Double Steak Bowl Is Now $39 In California By Mish Shedlock of MishTalk Food away from home has risen at least 0.3 percent for 34 out of the last 36 months CPI data from the BLS, California Fast Food Prices Gordon Haskett Sticker Shock in California Higher state minimum wage went into effect April 1; chains say burritos and burgers are getting...
Elon Musk Makes Surprise Beijing Visit As Tesla Seeks Full Self-Driving Rollout
28.04.2024, 18:15 Uhr. ZeroHedge News - https: - Elon Musk Makes Surprise Beijing Visit As Tesla Seeks Full Self-Driving Rollout Elon Musk arrived in Beijing on Sunday and met with Premier Li Qiang, one week after postponing a trip to India. A source familiar with the visit told Reuters that Musk was expected to discuss the rollout of Full Self-Driving software and permission to transfer...
How Skeptical Are Europeans About Vaccinations?
28.04.2024, 14:45 Uhr. ZeroHedge News - https: - How Skeptical Are Europeans About Vaccinations? 31 percent of people surveyed in Poland as part of Statista’s Consumer Insights survey say they have little confidence in the safety of vaccinations. The low influenza vaccination rate among older individuals in Poland points to the potential practical consequences of such attitudes - although the...
From Bird Flu To Climate Snakes
27.04.2024, 22:20 Uhr. ZeroHedge News - https: - From Bird Flu To Climate Snakes Authored by Breeauna Sagdal via The Brownstone Institute, Seasoned veterinarians and livestock producers alike have been scratching their heads trying to understand the media’s response to the avian flu. Headlines across every major news outlet warn of humans becoming infected with the “deadly” bird flu after...
"Bye Bye, Babies... Bye Bye, Workers": Can Europe Slow The Impact Of Its Aging Society
27.04.2024, 14:10 Uhr. ZeroHedge News - https: - "Bye Bye, Babies... Bye Bye, Workers": Can Europe Slow The Impact Of Its Aging Society By Erik-Jan van Harn and Maartje Wijffelaars of Rabobank Summary Europe’s population is aging and this will stunt economic growth in the coming decades. Challenges are arising for social welfare, debt sustainability, and even strategic autonomy. Potential remedies...
California's New Minimum Wage: A Cure That Exacerbates The Sickness
27.04.2024, 03:40 Uhr. ZeroHedge News - https: - California's New Minimum Wage: A Cure That Exacerbates The Sickness Via SchiffGold.com, The solution to a problem shouldn’t make the problem worse. But apparently, California’s policy makers missed that memo. On April 1st, the state instituted a $20 minimum wage for fast food workers, the highest in the US. With California’s absurdly high...
Why You Can't Afford Most Hotels In New York City
27.04.2024, 01:40 Uhr. ZeroHedge News - https: - Why You Can't Afford Most Hotels In New York City Authored by Fred Roeder via RealClearMarkets, On a Friday night in March 2011, I stayed at an upscale W Hotel on Lexington Avenue in New York City for $124. That hotel later became The Maxwell, but sadly it didn’t survive the pandemic and is now permanently closed. Today the average hotel stay in...
"The Yen Collapse Has Become Disorderly": Look For A Final, Sharp Decline Before It Hits A Floor
26.04.2024, 22:40 Uhr. ZeroHedge News - https: - "The Yen Collapse Has Become Disorderly": Look For A Final, Sharp Decline Before It Hits A Floor The BOJ came, issued the shortest statement in the history of central banks... ... and left, leaving traders stunned and speechless at the sheer idiocy of the world's most clownish central bank, which has decided to invite currency collapse the same abandon...
Retail Sales Data Suggests A Strong Consumer Or Does It
26.04.2024, 17:10 Uhr. ZeroHedge News - https: - Retail Sales Data Suggests A Strong Consumer Or Does It Authored by Lance Roberts via RealInvestmentAdvice.com, The latest retail sales data suggests a robust consumer, leading economists to become even more optimistic about more robust economic growth this year. To wit: “It has been two years since forecasters felt this good about the economic outlook...
JPY Plunges To Fresh 34-Year-Lows After BoJ Does Nothing... Again
26.04.2024, 16:50 Uhr. ZeroHedge News - https: - JPY Plunges To Fresh 34-Year-Lows After BoJ Does Nothing... Again Having already lost more than 10% of its value versus the US dollar this year, the yen plunged further overnight after Bank of Japan Governor Kazuo Ueda indicated monetary policy will stay easy as he kept rates unchanged and showed little to no support for the embattled currency during...
Yuan Devaluation Fever Heats Up As China Stockpiles Metals
26.04.2024, 16:38 Uhr. ZeroHedge News - https: - Yuan Devaluation Fever Heats Up As China Stockpiles Metals Authored by Simon White, Bloomberg macro strategist, Gold trading in China has exploded and stocks of copper have risen sharply prompting speculation that policymakers are on the brink of a yuan devaluation. Even though it’s still a tail-risk, it’s one requiring greater vigilance as the...