Two items to crankl into your financial ruminations. The Case-shiller story first: Headline is Housing is up 2.7 percent year-on-year
YEAR-OVER-YEAR
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 2.7% annual return for April, down from a 3.4% annual gain in the previous month. The 10-City Composite saw an annual increase of 4.1%, down from a 4.8% annual increase in the previous month. The 20-City Composite posted a year-over-year increase of 3.4%, down from a 4.1% increase in the previous month. New York again reported the highest annual gain among the 20 cities with a 7.9% increase in April, followed by Chicago and Detroit with annual increases of 6.0% and 5.5%, respectively. Tampa posted the lowest return, falling 2.2%
MONTH-OVER-MONTH
The pre-seasonally adjusted U.S. National Index saw slight upward trends in April, posting gains of 0.6%. The 10-City Composite and 20-City Composite Indices both reported gains of 0.7%. After seasonal adjustment, the U.S. National Index posted a decrease of -0.4%. Both the 10-City Composite and the 20-City Composite Indices saw a -0.3% decrease.
The cautionary part is how the rate of increase is leveling off:
On the Side
If you are gaming out the July FOMC odds of a rate deccrease, here’s an interesting part of the Chairman’s comments on the hill today:
“Inflation has eased significantly from its highs in mid-2022 but remains somewhat elevated relative to our 2 percent longer-run goal. Estimates based on the consumer price index and other data indicate that total personal consumption expenditures (PCE) prices rose 2.3 percent over the 12 months ending in May and that, excluding the volatile food and energy categories, core PCE prices rose 2.6 percent. Near-term measures of inflation expectations have moved up over recent months, as reflected in both market- and survey-based measures. Respondents to surveys of consumers, businesses, and professional forecasters point to tariffs as the driving factor. Beyond the next year or so, however, most measures of longer-term expectations remain consistent with our 2 percent inflation goal.”
We are 10-days out from the Fourth, so absent a real blow-off in the Middle East, we might otherwise be inclioned to a slightly bullish bias going into the end of next week. Buit, time will tell…
After both numbers, Dow was holding a nearly 300-point gain. Pass the nitrous?
-ure
no way . load shorts . massive deflation bigger than the 30s . robot sheet show run by weasel
robots maxing up , robots maxing up . power on . chanting starting in temple . flags unfurled . robots are go !!! 3 2 1 go !!!
professor weasel from wall street economic university talking deflation now . you wanna see deflation insect jondular ? ill give 100 bucks for your flash car . throw in your house ill give you a grand
Thanks for the updates and forum.
– as we make our approach to the edge of the CLIFF of KHAOS, will be best to keep Ure hands and Feet inside the cockpit, secured.
We are in the Middle of the “System Overload”.
When it breaks, everyone can see whats been going on.
Think great and powerful OZ about to be EXPOSED – so we can see WHO (or What) is behind the proverbial curtain.
Good ET message recently was “we did not cause it (khaos), rather we coordinated it in order make it all happen at Once”..paraphrasing but I think youse can get the main idea.
Everything breaking down under weight of their own Contradictions.
Systemic Overload – its whats for Breakfast, Lunch and Dinna.
Now get in the PIT, and try to LOVE someone..https://youtu.be/1OrNS2zbTZg?si=KAZCcMBnEVS0LF8j
good points . behind the curtain
Ah yes BCP I’ll see You there. You Whole Coiner You….
Behold the reason for me cracking the software on BTC mining on Home Compute…..when…..
https://en.wikipedia.org/wiki/Mt._Gox
Youse want to see deflation? Here’s what it looks like when the world transacts in Satoshis.
https://bitcoin-info.hu/wp-content/uploads/2017/11/bitcoin_shop_cart_fun_meme.jpg
That single BTC will buy a tiny home now. We are on a 100 year journey.
Mt. Gox Happened, and Steevo felt too much regulatory risk around said introduced technology. Then I learned about FUD, its variuos usefulness to the established lines of communication and the Wall Street community, and BTFD right alongside the bankers circa 2017. Dips are Gifts, not advice do your own homework.
Got Blockchain?
Markets are up – world wide. Gold, oil and the Dollar are getting bitch-slapped this morning., and the S&P500 is roughly 70 points from a new high. With war on your door-step.., none of this makes much sense. Not to me, anyway.
There is no caution in the markets. None. When everyone is so damn jubilant – it’s time to turn mother’s picture to the wall and get the hell out of Dodge.
Currently – I am setting-up for an Options play – Puts.
better hurry . robots are even struggling
AAPL Mkt Cap up 288% over 10yrs revs flat last 4yrs
MSFT Mkt Cap up >800%Revs up 170% over 10yrs
NVDA Mkt Cap up 32,000% revs up 2,700% over 10 yrs
Per Dave Collum
I’m with Warren – please keep buying, I’m waiting patiently
The US 100 is now in a double top area having eclipsed it’s prevous All Time High (need to see the close number)
The US 100 index previously topped on Feb 19, 2025 at 22,175 and today is at the moment (2:25 PM EST) at 22,197.
The Markets are having an Alfred E. Newman moment!! “What, Me Worry?”
Seems like the only worrying is the Shorts who are worried about their Margin Calls.
wow !!!! got a dividend from bonds . mercy
The value of bonds will vaporize faster than the value of Confederate currency on Juneteenth 1866.
Medicare will be gone so doctors not getting paid will skip their payments… trickling down to $AMZN drivers looting their own trucks. But $AMZN trucks will be empty because nobody will be able to pay for Internet circuits & AmEx credit lines will be gone before the ‘Net is disrupted. Pandemonium. And that’s for sure.
If there’s a hierarchy to cannibalism eat the non-smokers first.
Or the $1.25 store becomes the $1.50 store and we plod on…. eating insect protein that tastes like Teriyaki beef jerky.
you think bonds will vapourise . hold some gold as well . an astro physics anomally is the black hole the dow naz and sand pee will be drawn into . light speed
None of us know the future… add up “replace the $”. What does that mean exactly – our expectations are not managed.
The elimination of the physical penny probably telegraphs moving into all digital payments system and not the end of the $ system.
Like others pointed out gas stations still use 10ths of a penny.
I think we’ll plod on.
Juneteenth 1865 not 1866. It took that long for the news of the Civil War’s end to reach remote parts of Texas.
Teriyaki crickets, yum.
Let’s see, first there was panic on the Street, then the bond and credit markets buckled, loans were called in, employers couldn’t meet payroll and closed, the banks were shuttered, and gold was confiscated. Modest cash real estate with silver to pay the taxes endured. Agriculture was not too bad in pockets which weren’t stricken by drought. TV tech collapsed but radios prospered. It was and still is all interrelated. The idea that crypto and tech somehow levitate above all is neo-Ponzi delusion. The tech only abides where is becomes very cheap, compared to benefits. Crypto is a dark pool of economic sewage, with no substantive benefit for common folk.
In a full blown deflationary depression, modest personal hold-in-your-hand and squish between your toes real wealth is king, and everything else amounts to pissing into a liquidation super-typhoon. How will the cryptos be reaped? Wait and see; but they will fall along with all the rest.
Just don’t expect for consumer prices to trend down. The regulators won’t allow it. The ‘crats still confuse consumer prices with credit deflation. Reading the words in a text book never fully translates to the reality and the horror of a hopeless economic rout.
Wait a minute, Confederate currency was not convertible for Northern Greenbacks after the Civil War.
Juneteenth 1865 was the Great Vaporization.
Confederate currency was *never* legal tender. It was just a bearer bond payable in gold in Richmond 6 months after the end of hostilities. The bank did not survive to pay off the bonds.
Gold and Silver were the only legal tender.
And some of that gold is still buried rujmor has it here in Texas…other in pots off the sides of rail lines around the confederacy…
Like the current system we use today.
The serfs were sold the idea of convertibility, but not opted for the conversion.
Historically have the serfs ever chose to convert he money system back to the backing? I think not. If they had we wouldn’t be on a fiat system now. Serfs always seem to choose the worst option,the fiat system.
This shows a hierarchy.
Gold owners.
Serfs.
Or
System owners
System users.
Maybe this is way the commies in congress are in such a state.
mobile /temporary confessionals being erected at satan HQ wall street for non earnings season. interview / announce / lie / confess. jimmy has been appointed as liar in chief by humanoids . exempt from sin, he is made of it
Yo Weedless G,
Wow is that some kinda hypocritical weasel youse got for a leftenit gov.
“Patrick’s shameless crusade against THC was met with criticism suggesting that his position had less to do with temperance and more to do with a conflict of interest. Critics of Patrick speculated about his ties to the alcohol lobby, which prominently funds measures taken to curb legalization of THC to undermine its competition in the market. The alcohol industry is aided in that mission by with the pharmaceutical lobby, which also funds candidates and campaigns that fight against wider legalization of THC. Although each does so under the guise of the interest of public health and welfare, alcohol and pharmaceutical related deaths outpace fatalities associated with marijuana use by an exponential degree.”
Reminds of some of backhanded BS passive aggressive resident crankasoreasses post here..like detrimental effects of long term THC exposure..FUAH!
Goes without saying the idiocy involved in drinking Alcohol over the longterm, detrimental effects are not even comparable – the numbers/stats on Alcohol are so bad.
But that is life inside the Information Control Matrix. Where 99.999 % of World Population knows, not believes, knows ther meatsuites are the Ultimate end. When die , like a CPU power off mode, it is over, done DARKNESS.
That is GREAT ILLUSION sold to mankind.
Think Remote Viewing – It PROVES we are ISBE’s ..eternal Beings..something way more Complex than simple meat and bones.
* Ai is Consciousness configured by code.
Consciousness is TRAPPED on planet Earth.
But the point has been reached where the Deceptions are getting so blatant our Logic can now see thru it.
** In-Action is still an Action.
If only THC had some kind of useful effect! Some of us are simply not affected until the dose passes a threshold, at which point we go out like a light! No point in doing some smelly substance just to fall asleep. Melatonin can do that. If others want to partake, have at it.
“Everyone will LOSE”- Lavrov
Lavrov criticized the IAEA Director for demanding to know where Iran’s enriched uranium is stored. What guarantees are there that the IAEA will not leak this information to the US or Israel?
— “Arms control will not be the same after this surprise attack; everyone will lose”. = Genius!
Once again zionasties trying to justify ILLEAGAL CRIMINAL Actions – never once considering SOE’s..really Brilliant on the orange fatasses generals part.
Ceasfire will never hold – the orange fraud knows its only a matter of time..tictictic