Existing Home Sales Disappoint In August Median Price Drops

Existing-Home Sales Disappoint In August, Median Price Drops

Existing-Home Sales Disappoint In August, Median Price Drops After two straight monthly gains (better than expected and bucking the trend in new- and pending-home-sales), analysts expected existing home sales to tumble in August and they were right. Existing home sales fell 2.0% MoM in August – worse than the 1.7% drop expected (exaggerated by an upward revision in July). This drop pushed the year-over-year change […]

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White House Reporters Have Launched 039 Formal Objection 039 About Biden Refusing To Answer Questions

White House Reporters Have Launched ‘Formal Objection’ About Biden Refusing To Answer Questions

White House Reporters Have Launched ‘Formal Objection’ About Biden Refusing To Answer Questions Authored by Steve Watson via Summit News, CBS News reported Tuesday that the press pool of White House reporters have launched a formal objection over the fact that Joe Biden refuses to answer any questions, with reporters routinely being yelled down and physically pushed away by Biden’s handlers. The revelation came after […]

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Here Are All Of Evergrande 039 S Debt Payments For The Next Three Years

Here Are All Of Evergrande’s Debt Payments For The Next Three Years

Here Are All Of Evergrande’s Debt Payments For The Next Three Years The euphoria surrounding the Evergrande coupon payment statement, which saw the company make a vague certification that the coming 232 million yuan interest payment on its Sept 23 notes  “has been resolved via negotiations off the clearing house” while leaving offshore creditors in the dark, may have sent futures sharply higher but it […]

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Wti Slides After Surprise Gasoline Build Smaller Than Expected Crude Draw

WTI Slides After Surprise Gasoline Build, Smaller Than Expected Crude Draw

WTI Slides After Surprise Gasoline Build, Smaller Than Expected Crude Draw Oil prices are extending yesterday’s gains this morning following a bigger than expected crude draw reported by API, and optimism from China as Evergrande pays a tiny coupon on a tiny yuan bond, and China injecting a metric fuckton of liquidity also. “Oil prices are gaining today as the API inventory forecasts show draws […]

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When Will Quot Transitory Inflation Quot Overstay Its Welcome

When Will “Transitory Inflation” Overstay Its Welcome?

When Will “Transitory Inflation” Overstay Its Welcome? Authored by Michael Lebowitz via RealInvestmentAdvice.com, There has been much talk of “transitory inflation”, but the evidence is starting to suggest the term may overstay its welcome. The Fed chose the word “transitory” to describe this instance of rising prices because of its imprecision. Transitory can denote hours, months, or decades. Using transitory versus a specific period provides the […]

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A Confused Wall Street Reacts To Evergrande 039 S Debt Payment

A Confused Wall Street Reacts To Evergrande’s Debt Payment

A Confused Wall Street Reacts To Evergrande’s Debt Payment After two anxiety-filled days during which China was on holiday and traders hammered Hong Kong trader property stocks, contagion fears arising from China Evergrande Group’s debt crisis moderated overnight with mainland stocks declining less than expected on Wednesday as they resumed trading, after Evergrande’s onshore unit unveiled vaguely worded plans to pay interest due Thursday on […]

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Nomura Fears 039 Hawkish Surprise 039 In Dot Plot As 039 Vol Expansion 039 Window Closes

Nomura Fears ‘Hawkish Surprise’ In Dot-Plot As ‘Vol Expansion’ Window Closes

Nomura Fears ‘Hawkish Surprise’ In Dot-Plot As ‘Vol Expansion’ Window Closes Is history going to repeat itself today? The last time the US equity market ‘hiccupped’ was following the FOMC meeting in September 2020… As Bloomberg notes, the environment looks similar in several ways to today’s: In September 2020, the Fed noted the limits of monetary policy in dealing with the economic shock caused by […]

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Rabobank Socialism For The Rich And Socialism For The Poor Is The Reality For Us And For Markets

Rabobank: Socialism For The Rich And Socialism For The Poor Is The Reality For Us And For Markets

Rabobank: Socialism For The Rich And Socialism For The Poor Is The Reality For Us And For Markets By Michael Every of Rabobank Socialism for the rich / Socialism for the poor US President Biden just spoke at the UN General Assembly, promised no Cold War, and offered nothing but international cooperation: French President Macron deliberately wasn’t there to hear it. China’s Xi Jinping stated […]

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Futures Bounce On Evergrande Reprieve With Fed Looming

Futures Bounce On Evergrande Reprieve With Fed Looming

Futures Bounce On Evergrande Reprieve With Fed Looming Despite today’s looming hawkish FOMC meeting in which Powell is widely expected to unveil that tapering is set to begin as soon as November and where the Fed’s dot plot may signal one rate hike in 2022, futures climbed as investor concerns over China’s Evergrande eased after the property developer negotiated a domestic bond payment deal. Commodities […]

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Sens Mcconnell Shelby Offer Short Term Govt Funding Bill Without Debt Ceiling

Sens McConnell, Shelby Offer Short-Term Govt. Funding Bill Without Debt Ceiling

Sens McConnell, Shelby Offer Short-Term Govt. Funding Bill Without Debt Ceiling Authored by Katabella Roberts via The Epoch Times, Senate Minority Leader Mitch McConnell (R-Ky.) and Sen. Richard Shelby (R-Ala.) on Sept. 21 offered a competing short-term government funding bill, just as House Democrats passed a stopgap measure that also suspends the debt limit until after the 2022 election. The bill from McConnell and Shelby does not include a debt ceiling suspension, as Republicans have urged Democrats—the […]

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Fed Urged To Fire Officials Over Quot Pandemic Profiteering Quot

Fed Urged To Fire Officials Over “Pandemic Profiteering”

Fed Urged To Fire Officials Over “Pandemic Profiteering” Two weeks ago, Fed Presidents Robert Kaplan and Eric Rosengren (and to a lesser, though still notable extent, Fed Chair Powell himself) were ‘outed’ for their multi-million-dollar stock and bond trades, sparking widespread outrage, bolstering claims that not only is the market rigged and manipulated by the Fed but that it is rigged directly for the benefit […]

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China Syndrome Is Evergrande A Symptom Of Deeper Malaise

China Syndrome? Is Evergrande A Symptom Of Deeper Malaise

China Syndrome? Is Evergrande A Symptom Of Deeper Malaise Authored by Bill Blain via MorningPorridge.com, “If that’s true, we are very close to the China Syndrome ” Evergrande’s imminent default is rocking markets – but few believe the collapse of a Chinese property developer could trigger a global financial crisis. What if Evergrande is just a symptom of a deeper malaise within the Chinese economy […]

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Brand New Mit Study Confirms Tesla 039 S Autopilot As Unsafe

Brand New MIT Study Confirms Tesla’s Autopilot As Unsafe

Brand New MIT Study Confirms Tesla’s Autopilot As Unsafe When MIT turns its back on Elon Musk and calls Tesla unsafe, maybe its time to start re-thinking exactly how technologically profound Musk and his company truly are. A new study out of MIT has “confirmed how unsafe” Tesla’s Autopilot feature actually is, according to analysis from Screenshot Media and a study called “A model for […]

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Quot Very Rare Quot Earthquake Rocks Melbourne Buildings Shake Across Australia

“Very Rare” Earthquake Rocks Melbourne, Buildings Shake Across Australia

“Very Rare” Earthquake Rocks Melbourne, Buildings Shake Across Australia One of the most powerful onshore earthquakes that rocked the state of Victoria, Australia, couldn’t have come at the worst time as anti-lockdown protesters are fed up with the government’s COVID restrictions and vaccine requirements. According to Geoscience Australia, a magnitude 5.9 earthquake struck around 0915 local time about 75 miles northeast of Melbourne, causing damage to buildings.  Photos […]

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Evergrande 039 S Vague Filing Spotlights Risk In China Bond Market

Evergrande’s Vague Filing Spotlights Risk in China Bond Market

Evergrande’s Vague Filing Spotlights Risk in China Bond Market By Shen Hong, Bloomberg Markets Live commentator and reporter A vaguely worded bond filing by China Evergrande Group is a fresh reminder of the risk when investing in the country’s onshore credit market. Poor or insufficient information disclosure has long been a major obstacle in expanding the role of the yuan debt market. It’s also a big turn-off for […]

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Conservative French Presidential Candidate Warns Of Quot Civil War Quot

Conservative French Presidential Candidate Warns Of “Civil War”

Conservative French Presidential Candidate Warns Of “Civil War” Authored by Paul Joseph Watson via Summit News, Conservative presidential candidate Xavier Bertrand warns that France faces the risk of a “civil war” due its problems with gang violence and uncontrolled mass immigration. Bertrand is president of the Hauts-de-France Regional Council and is currently polling in third behind President Emmanuel Macron and Marine Le Pen ahead of […]

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Wuhan Scientists Planned To Release 039 Chimeric Covid Spike Proteins 039 Into Bat Populations Using 039 Skin Penetrating Nanoparticles 039

Wuhan Scientists Planned To Release ‘Chimeric Covid Spike Proteins’ Into Bat Populations Using ‘Skin-Penetrating Nanoparticles’

Wuhan Scientists Planned To Release ‘Chimeric Covid Spike Proteins’ Into Bat Populations Using ‘Skin-Penetrating Nanoparticles’ 18 months before the pandemic, scientists in Wuhan, China submitted a proposal to release enhanced airborne coronaviruses into the wild in an effort to inoculate them against diseases that could have otherwise jumped to humans, according to The Telegraph, citing leaked grant proposals from 2018. New documents show that just […]

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Pvc Prices Hit Record High As Homebuilding Costs Soar

PVC Prices Hit Record High As Homebuilding Costs Soar

PVC Prices Hit Record High As Homebuilding Costs Soar The cost of a key building material used in everything from vinyl siding to gutters to windows and doors to flooring to plumbing jumped to a fresh record high.   U.S. Gulf Coast export PVC spot prices printed $1,900 per metric ton for the week ending Sept. 10, up more than 30% since June.  According to Bloomberg, […]

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Uk Power Suppliers Halt Adding New Customers As Energy Crisis Worsens

UK Power Suppliers Halt Adding New Customers As Energy Crisis Worsens

UK Power Suppliers Halt Adding New Customers As Energy Crisis Worsens There’s a growing risk that a bankruptcy wave of power providers is nearing as several small firms stopped accepting new customers Tuesday amid a worsening energy crisis, according to Bloomberg.   Ampower, Green, Igloo, NEO, and Utilita Energy posted notices on their websites earlier today that they weren’t accepting new customers. This comes as several weaker […]

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Europeans Vaccinated With Astrazeneca Should Be Able To Enter Us Says Eu

Europeans Vaccinated With AstraZeneca Should Be Able To Enter US, Says EU

Europeans Vaccinated With AstraZeneca Should Be Able To Enter US, Says EU Authored by Lorenz Duschamps via The Epoch Times, People who have received two doses of AstraZeneca’s COVID-19 vaccine should be able to travel to the United States once restrictions are eased, even though the vaccine hasn’t been approved yet by U.S. regulators, the European Commission (EC) said on Tuesday. “From our point of view, obviously it would […]

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