Soars

Inflation Measure Soars to 30-Year High

Outside the Federal Reserve building in Washington, D.C. (Larry Downing/Reuters) The Federal Reserve’s preferred inflation gauge, the core personal consumption expenditures price index, which excludes food and energy costs, soared to a 30-year high in August. The measure increased 0.3 percent for the month and was up 3.6 percent from last year in its steepest…

UK Demand For Electric Cars Soars Despite COVID Crisis

Reacting to the latest new UK car registration figures from SMMT today, Chief Executive Mike Hawes said: “2020 will be seen as a ‘lost year’ for automotive, with the sector under pandemic-enforced shutdown for much of the year and uncertainty over future trading conditions taking their toll.” Despite the clear crisis the Covid-19 pandemic has caused for…

As Oil Soars, Former NHL Player Turned Hedge Fund Manager Says “Inevitable” It Will Go Higher

If you’re bullish on oil, we’ve got good news and bad news. The good news is that one hedge fund manager is finally taking an outsized bet on oil and is making headlines. The bad news is that the “hedge fund manager” isn’t exactly Sam Zell or Steve Cohen, but rather a former professional hockey player.  Regardless,…

Homebuilder Sentiment Soars To Yet Another Record High

US Homebuilders are cock-a-hoop, with their sentiment survey making a new all-time record high for the 3rd straight month. The NAHB Confidence index in November rises to 90 vs 85 last month, highest on record in data going back to 1985, according to NAHB/Wells Fargo. All the subindices soared: Measure of present single family sales…

​​​​​​​Interest In Sherman Tank On Popular Auction Site Soars With America Trapped In Chaos

When it comes to the virus pandemic in America, and the resulting socio-economic implosion, millions of folks have been panic buying food, guns, ammo, and gold. Americans Are Panic-Buying Military & Survivalist Gear Two Weeks Before Election https://t.co/Dm5wVJxSUF — zerohedge (@zerohedge) October 24, 2020 By the day, violent crime is surging across major metros as…

UK Demand For Electric Cars Soars Despite COVID Crisis

Reacting to the latest new UK car registration figures from SMMT this week, Chief Executive Mike Hawes warned: “When showrooms shut, demand drops, so there is a real danger that with England today entering a second lockdown, both dealers and manufacturers could face temporary closure. What is not in doubt, however, is that the entire industry now…

Private Jet Traffic Soars As Elites Panic Exit Cities Amid Virus, Elections 

With US new coronavirus cases steadily rising  since mid-September, ushering in what some call the second wave of the virus pandemic, private jet traffic has soared as wealthy folks are leaving metro areas for rural communities, according to CNBC.  Data from Tivoli, an online payments platform for jets, collected by Private Jet Card Comparisons, showed private…