Biden’s Energy Strategy Is Seriously Backfiring Ahead of November Elections – Mish Talk
White House Press Secretary tries to defend Biden’s energy policy. Image from Tweet below. White House Press Secretary Karine Jean-Pierre says White House isn’t trying...
US Manufacturing PMI at 28-Month Low, Services Back in Contraction With Strong Declines – Mish Talk
Please consider the S&P Global Flash US Composite PMI™ Key Findings Flash US PMI Composite Output Index at 47.3 (September: 49.5). 2-month low. Flash US...
Redfin Reports Existing Home Sales Decline 25 Percent From a Year Ago – Mish Talk
Housing Market Standstill That’s not a standstill. It’s a collapse. So is this. 60,000 Deals Called Off About 60,000 deals were called off, equal to...
Real Year-Over-Year Wages Decline for 18 Consecutive Months – Mish Talk
Real wages, data from BLS, calculations by Mish. The BLS Real Earnings Report for September shows another monthly decline in real wages. Real average hourly...
Renters Surpass Homeowners in 41% of Zip Codes in the 50 Largest U.S. Cities – Mish Talk
Table courtesy of RentCafe RentCafe reports 101 Zip Codes Switch From Homeowner to Renter Majority A diverse set of 23 large and mid-sized cities transitioned...
GDPNow Creator Pat Higgins On the October Surge in the GDP Forecast – Mish Talk
GDPNow data from the Atlanta Fed, chart by Mish The lead chart is from my October 14 post GDPNow Forecast Unfazed by Weak Retail Sales...
What Are the Odds of an Inflation Inferno After the Midterm Elections – Mish Talk
538 Midterm Election Model If you are a republican or an independent who cannot stand what President Biden has done, polling trends are headed your...
How Long Will Liz Truss Last as UK’s Prime Minister? – Mish Talk
Truss Timeline Synopsis On Tuesday, September 6, Boris Johnson officially stepped down and Queen Elizabeth II invited Truss to form a government. It’s been downhill...
In Emergency Policy Statement UK Reverses Tax Plans, Markets Jump On the News – Mish Talk
Chancellor Hunt image from YouTube video clip below. “The most important objective for our country right now is stability,” said Hunt. This was a near-total reversal...
Tweets of the Day: Making Money, Energy, Tracking Loved Ones, Stock Market Earnings – Mish Talk
Equities are the sum of discounted future earnings. Sales and margins drive earnings. The macro drivers of sales are clear. What drives margins is more...