CCC credit spreads are soaring at an alarming rate.

CCC credit spreads have been on the rise. As of June 27, 2024, the ICE BofA CCC & Lower US High Yield Index Option-Adjusted Spread (OAS) stands at 9.44%. This spread represents the difference in yield between US dollar-denominated corporate debt rated CCC or below and the corresponding spot Treasury curve. The widening spread suggests increased risk …

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The US economy is cooling quicker than most analysts think. The Fed will be as late in starting to cut as it was too late in starting to hike.

Alas, looks like the US economy is cooling quicker than most analysts think. The Bloomberg US Economic Surprise Index has dropped to a 9-year low. pic.twitter.com/bnVdCfKfGj — David Ingles (@DavidInglesTV) July 4, 2024 🇺🇸 Although FOMC minutes included some saying rates "might need to be raised", our old Fed model continues to point to a …

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Multiple shark attacks off the coast of South Padre Island, Texas on Independence Day (July 4)

JUST IN: Four shark attacks reported at South Padre Island in Texas during Fourth of July celebrations. Game Warden Capt. Chris Dowdy says all the attacks happened within two hours of each other. One woman had a chunk bitten out her her leg as Good Samaritans were seen dragging… pic.twitter.com/Ng4aMKhjmi — Collin Rugg (@CollinRugg) July …

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The front cover of the economist

The presidential debate was awful for Joe Biden, but the cover-­up has been worse. The dishonesty of his campaign provokes contempt. He must withdraw https://t.co/RijgS4gDI2 pic.twitter.com/NcsrEVPwdx — The Economist (@TheEconomist) July 4, 2024 White House unveils newest Presidential transport…WALK FORCE ONE pic.twitter.com/sXrj1eFMzk — Brick Suit (@Brick_Suit) June 1, 2023 Biden has ‘medical checkup’ after debate …

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100s Of Thousands Of People Getting Slammed With Higher Mortgage Payments!

Thousands of homeowners are facing the challenge of higher monthly mortgage payments. Specifically, those who took out adjustable-rate mortgages (ARMs) five years ago are now experiencing the unpleasant shock of significantly increased home payments. Unlike fixed-rate mortgages, ARMs offer a low introductory rate for a fixed initial period, but after that period, the rate adjusts …

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US economy keeps on downshifting

BY DAVID HAGGITH Photo by the blowup on Unsplash Payroll moves down (in new jobs) are looking a little less like head fakes (or just getting better at it) as they are down in June for the 4th month in a row. Before anyone makes too much of that, though, I’d point out that this still leaves them …

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America is the greatest nation on Earth… Happy 4th of July!

America is the greatest nation on Earth Happy 4th of July 🇺🇸 https://t.co/5extqsPNhA — Benny Johnson (@bennyjohnson) July 4, 2024 Happy 4th of July !! It's the 12th anniversary of the famous San Diego fireworks show where they all went off at once. Sound ON pic.twitter.com/U3DuUa1Cnj — Wall Street Mav (@WallStreetMav) July 4, 2023

House Democrats are circulating a letter for colleagues to sign that calls for Biden to withdraw from presidential race

This was expected but seems now the steam is picking up! Update: Fast moving story now. Safe-seat House Democrats are circulating a draft letter for colleagues to consider signing that calls for Biden to withdraw from presidential race. (Billy House, Congress reporter-Bloomberg News) — InsideNK/GeoPolitics (@inside_nk) July 3, 2024 BREAKING | President Biden is considering …

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European Union fines HUNGARY 200 mil euros plus 1 mil euros daily, for protecting OWN borders! and Orban now PREZ of EU

Viktor Orbán: “Other European countries would give half their lives if they could have a country without migrants again. In Hungary we have zero unwanted migration; only those we let in can come here”. Do you agree with him? pic.twitter.com/g9Fj5zTt4Y — Cillian (@CilComLFC) June 22, 2024 June 13, 2024: EU fines Hungary €200 million for …

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Reportedly, Numerous Redditors, At Least 39 of Them, Pledge to Commit Suicide if Trump Wins the Presidency

39 different Redditors have now written su*cide notes referencing "Project 2025." Fearmongering has consequences. pic.twitter.com/6Yk00WZjPi — Reddit Lies (@reddit_lies) July 2, 2024 View post on imgur.com Redditor who is a husband and a father is considering k*lling himself over climate change. pic.twitter.com/wdCs2MKNaw — Reddit Lies (@reddit_lies) July 2, 2024 h/t dr0id

UK mandates 22% zero-emission cars this year, rising to 80% by 2030; £15K fines for non-compliance, with current EV sales at just 16%.

The UK mandates that 22% of manufacturers’ vehicle sales must have zero tailpipe emissions this year, rising to 80% by 2030. Dealers face £15,000 fines for each non-compliant vehicle sold, while EVs only made up 16% of sales in the first five months. Most EV purchases are by corporate fleets, with actual retail demand likely …

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Pending Home Sales FALL TO AN ALL TIME LOW!

The national Association of realtors has been keeping track of pending home sale data since 2001 and May 2024 was literally the worst month on record since then. Pending home sales have now fallen into an all-time low in this supposedly fantastic housing market. I think the data speaks for itself and shows how few …

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China Seizes Taiwan Fishing Boat, Brought Back To China

According to reports, Chinese coastguard officials recently seized a Taiwanese fishing vessel near the Kinmen islands, which are situated close to the Chinese cities of Xiamen and Quanzhou. The Taiwanese boat was fishing for squid outside Taipei-controlled waters off the Kinmen islands when it was boarded and seized by two Chinese maritime administration boats. The …

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June construction layoffs spike, highest since September 2007. Continuing claims hit a new cycle high, approaching 1.9 million.

In June, construction industry saw largest increase in layoff announcements per @ChallengerGray … hasn't seen a spike that large since September 2007 pic.twitter.com/6zee9KAtVf — Kevin Gordon (@KevRGordon) July 3, 2024 Continuing claims a new cycle high Approaching 1.9mm #MacroEdge https://t.co/sDxirI4NOC pic.twitter.com/Rod0M3P2mT — Don Johnson (@DonMiami3) July 3, 2024 Nice little pop in job openings in …

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$NVDA is above and beyond the level of insanity reached 20+ years ago…

And for those who love comparing $NVDA with $CSCO in 2000, sorry but $NVDA is above and beyond the level of insanity reached 20+ years ago… https://t.co/bcxRORbKEP pic.twitter.com/MMcqlOS3OT — JustDario 🏊‍♂️ (@DarioCpx) July 2, 2024 Nvidia Nefarious price action . Carnage visits soon pic.twitter.com/nDDulzSDrN — The Great Martis (@great_martis) July 2, 2024 INSANITY IS AN …

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Biden betting odds in free fall as support within the Democrats crumbles.

Biden betting odds in free fall as support within the Democrats crumbles. pic.twitter.com/I08xWKDoeT — Holger Zschaepitz (@Schuldensuehner) July 3, 2024 Twenty-five House Democrats reportedly preparing to call for Biden to end re-election effort: ‘The dam has broken’ President Biden may soon face increased pressure from Democrats in Congress to drop out of the 2024 race, …

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Zillow estimates tanking. Investors taking $150,000 write downs on houses. May’s housing inventory surge to 481,000 echoes 2008 peak

Investors are now selling at a loss in Florida’s Housing Market, with the Zillow Value estimates on some listings collapsing as much as 30%. Indeed, the seasonally-adjusted estimate of new houses for sale at the end of May was 481,000, marking the highest level since January 2008. This surge in inventory is a result of rising …

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41% of consumers plan to cut restaurant spending; over 50% expect higher grocery expenses.

According to the 2024 KPMG Consumer Pulse Survey, U.S. consumers are adjusting their spending habits this summer due to inflationary pressures. Here are the key findings: Essential Goods and Services: Consumers expect to spend less on personal care products (considered essential) and restaurants, travel, and entertainment. About 21% of consumers anticipate spending more on personal care …

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Javier Milei and El Salvador President Nayib Bukele are reshaping the entire South American political spectrum.

Javier Milei and El Salvador President Nayib Bukele are reshaping the entire South American political spectrum. Who else is ready to make North America great again? pic.twitter.com/xZp2RY1XE7 — TaraBull (@TaraBull) July 2, 2024 Javier Milei: Javier Milei, the president of Argentina, has gained recognition among Latinos in the U.S. since winning the presidency last year. …

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According to leaked polling numbers from Democratic firm OpenLabs, this map falls WITHIN the margin of error.

This would be EPIC 🙌🏻🔥 https://t.co/Tg4Vw3K7xW — Julia 🇺🇸 (@Jules31415) July 3, 2024 Trump is up in every swing state by large margins plus a few solid blue states. pic.twitter.com/LGWywgYBCi — End Wokeness (@EndWokeness) July 2, 2024 That almost the entire media repeated the same lie with the exact same words is disturbing. The legacy …

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Secured Overnight Financing Rate jumps to 5.4%, the highest level in history

JUST IN 🚨: Secured Overnight Financing Rate jumps to 5.4%, the highest level in history pic.twitter.com/M7i8gcvpTG — Barchart (@Barchart) July 3, 2024 🚨BREAKING **SOFR Surge – July 2, 2024** – **Current Rate**: SOFR jumped to 5.4%, highest EVER •A rise in SOFR typically signals 📉 liquidity in the market • When SOFR 📈, it can …

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CNN admits something unbelievably embarrassing

https://twitter.com/ggreenwald/status/1808273512618156243 I wonder why they are losing money. https://t.co/p4MCsmZvG1 — Scott Adams (@ScottAdamsSays) July 3, 2024 .@MonicaCrowley: “To claim somehow that Donald Trump is the senile one when that is patently obviously false to anyone who has eyes shows you how desperate they are.” pic.twitter.com/91XpWBGr3w — Julia 🇺🇸 (@Jules31415) July 2, 2024 “I worry that …

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