By Tyler Durden, While it is traditionally viewed as a B-grade indicator, the November consumer credit report from the Federal Reserve was an absolute stunner and confirmed what we have been saying for month: any excess savings accumulated by the US middle class are long gone, and in their place Americans have unleashed a credit-card […]

By Tyler Durden, Investors appear to be starting the year with an aversion to long duration stocks and instead are leaning into Value stocks with closer ties to an economic recovery. Growth stocks fell to a key technical level this week relative to Value stocks… Nasdaq down 7 of the last 8 days and was by far […]

By Tyler Durden, Well, we are finally here: 2022 has arrived and the rate shock that BofA’s bearish chief investment strategist Michael Hartnett has prophetically been warning about arrived right out of the gate, and with a bang as both nominal and real yields spiked sharply higher in just the first week of 2022. And unfortunately, if Hartnett’s […]

By Tyler Durden, Two weeks ago, the White House pinned the blame for rampant, not-so-transitory inflation felt by consumers across the board on the ‘greed of meat conglomerates.’ An absurdity which came just four weeks after the world’s largest meat producer, Brazil’s JBS SA, warned that labor shortages are in fact holding back production. Meanwhile, Kamala Harris – the woman […]

By Tyler Durden, Move over, Amazon… As the world of e-commerce and the associated shipping and logistics necessary to run such businesses expands, warehousing and shipping have become important commodities. Perhaps that’s why one of the largest sales of industrial properties used for these types of businesses has just taken place. CBRE Investment Management has reportedly […]

By Tyler Durden, Tesla has just released its Q4 2021 delivery numbers, and the automaker says it produced more than 305,000 vehicles for the quarter and delivered more than 308,000. It marks a single quarter and annual record for Tesla. For the year, the automaker delivered “over 936,000” vehicles, per a company press release. Those numbers […]

By Tyler Durden,   Authored by Wolf Richter via WolfStreet.com, The global share of US-dollar-denominated exchange reserves declined to 59.15% in the third quarter, from 59.23% in the second quarter, hobbling along a 26-year low for the past four quarters, according to the IMF’s COFER data released today. Dollar-denominated foreign exchange reserves are Treasury securities, US corporate […]

By Tyler Durden, Authored by Michael Snyder via The Economic Collapse blog, Most people simply do not understand that we really are moving into a long-term economic emergency.  So much of the economic optimism that fueled rallies in the financial markets throughout 2022 was based on a belief that the COVID pandemic would soon be brought to […]

By Tyler Durden, In his final Global Economics Analyst report of 2021, Goldman’s chief economist Jan Hatzius has published his favorite 10 charts to illustrate the key global themes that stood out this year and are likely to shape 2022. In his brief previews, Hatzius writes that “the global economy recovered rapidly in 2021 as […]