Expected

China Reports Stronger Than Expected GDP, Is Only Major Economy To Grow In 2020

China, which a little over a year ago unleashed a global pandemic on the world which reshaped economies, global supply chains, capital markets, and societies and was directly responsible for the downfall of a US president, was hell bent on demonstrating that it was the biggest winner from said plague, and early on Monday local…

U.K. Divorces Expected To Surge In A Post-COVID 2021

Divorces in the U.K. are expected to surge heading into 2021 as Covid lockdowns continue to force couples to actually stay at home and be in each others’ presences – something they apparently didn’t know they were signing up for when they got married to begin with. A slight dropoff in divorces in 2020 across the pond belies…

Geomagnetic Storm Expected To Strike Earth's Magnetic Field Today 

A minor (G1-class) geomagnetic storm watch is in effect for Jan. 6 as a coronal mass ejection (CME) is expected to strike Earth’s magnetic field, according to SpaceWeather.  NOAA forecasters say there is a chance of G1-class geomagnetic storms on January 6th when a double CME – that erupted on January 2nd – likely strikes Earth’s…

CPI Comes In Hotter Than Expected On Hotel, Airline Fares; Used Car Prices Drop

The latest inflation print for the month of November came in hotter than expected, with the BLS reporting that headline and core CPI rose by 0.2%, above expectations of a modest 0.1% increase. Both prints were 0.0% in October.  The food index decreased 0.1% in Nov. after rising 0.2% in Oct, while the Energy index…

“Where’s The Inflation?”: Wayne Gretzky Hockey Card Expected To Fetch $1 Million At Auction

While the Fed has a monopoly on most printed pieces of paper that have been assigned ridiculous valuations, they may not have the entire total addressable market. That’s because a Wayne Gretzky hockey card – in fact, a 1979 Wayne Gretzky O-Pee-Chee rookie card – is set to fetch more than $1 million at an upcoming auction. “Where’s the…

“Dark Winter” – Millions Of Americans Are Expected To Lose Their Homes

A dark covid winter is descending on the working-poor of America as millions of adults face eviction or foreclosure in the next few months. Bloomberg, citing a survey that was conducted on Nov. 9 by the U.S. Census Bureau, shows 5.8 million adults face eviction or foreclosure come Jan. 1. That accounts for 32.5% of the…

“Dark Winter” – Millions Of Americans Are Expected To Lose Their Homes

By Tyler Durden A dark covid winter is descending on the working-poor of America as millions of adults face eviction or foreclosure in the next few months. Bloomberg, citing a survey that was conducted on Nov. 9 by the U.S. Census Bureau, shows 5.8 million adults face eviction or foreclosure come Jan. 1. That accounts for…

Black Friday Shoppers Expected To Spend More Online Than In Stores For First Time

By Tyler Durden The coronavirus has accelerated a trend in American holiday-season consumption: the shift away from packing malls on Black Friday, and toward shopping online, placing some orders as early as “Prime Day” (which Amazon held in October this year). Instead of braving the elements and the lines, a growing number of Americans instead…

Black Friday Shoppers Expected To Spend More Online Than In Stores For First Time

The coronavirus has accelerated a trend in American holiday-season consumption: the shift away from packing malls on Black Friday, and toward shopping online, placing some orders as early as “Prime Day” (which Amazon held in October this year). Instead of braving the elements and the lines, a growing number of Americans instead place most, or…

China Retail Sales Disappoint, Despite Expected Golden-Week Boost

Amid sudden domestic defaults, liquidity shortfalls, a soaring yuan, and overseas economics lockdowns, tonight’s smorgasbord of data is expected to show a continued recovery in China’s economy (after a disappointing Q3 GDP and PMI), as US data begins to falter. Source: Bloomberg The strongest yuan in well over two years is likely not helping the…

Another Brexit Deal Deadline Blown As Boris Johnson Stands His Ground; Extension Expected

Yet another Brexit trade-deal deadline is about to be blown, as PM Boris Johnson and the EU27 contemplate an extension, the latest sign that talks will inevitably go down to the wire as the UK is set to complete its departure from the EU on Jan. 1. British Environment Secretary George Eustice said Sunday it…

Biden Not Expected To Change US ‘Tough Posture’ In South China Sea

Authored by Dave DeCamp via AntiWar.com, One area where a Biden administration is not expected to differ from President Trump’s policies is concerning China’s claims to the South China Sea. While Joe Biden and his cabinet may cool down the rhetoric towards Beijing, experts and analysts believe actual policy will not change. Experts told the South…