Independent thinking for complex markets and current events
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Contraction of the money supply leads to an imminent recession. That’s what happened in the Great Depression. The gov’t f**ked around with required bank deposit percentages for normal accounts and time deposits which caused banks to pull back. Since they couldn’t create money via loans, that sparked the recession. The speculation in agriculture and rural …
Speaker Mike Johnson pitches Republicans on plan to avert government shutdown There are already a handful of Republicans who are skeptical of Johnson’s proposal to keep the government funded. At least two say they will vote against it. Reps. Chip Roy and Marjorie Taylor Greene said they’re a no. But would Democrats support it? “It’s …
From Peter Reagan at Birch Gold Group First it was the COVID economic panic that started in March of 2020. Then it was Biden’s disastrous mishandling of the military withdrawal from Afghanistan in 2021. Almost immediately following that disaster, the Biden administration went on a multi-trillion-dollar deficit spending spree that dramatically worsened inflation. Not long after, Biden led NATO in financial sanctions against Russia, …
NYT: Moody’s Changes U.S. Credit Outlook to ‘Negative’ Moody’s reaffirmed America’s credit rating at the highest AAA level but expressed concern about the nation’s fiscal trajectory amid congressional dysfunction. https://twitter.com/_/status/1723093232295231929 Yesterday, the US government tried to borrow $24 billion by selling a bunch of 30 year debt. It was a huge disaster. In order to …
Investors pulled out a record amount from Corporate Bond ETFs in October, while US bankruptcies and housing defaults surged. Bank of America forecasts a record year for cash funds, suggesting widespread concern and a cautious market approach. Corporate Bond ETFs had an outflow of $9.4 Billion in October, the highest amount in history pic.twitter.com/xbvPs24jUq — …
Back then, technology companies were the sole sector propping up the market from mid-1999 to March 2000. Today’s scenario bears a striking resemblance to those times. It’s remarkable how today’s lack of leadership in the stock market echoes the period preceding the tech bust. As shown in the chart below, technology companies were the only …
by Michael If someone attacks your troops 46 times in less than a month, you are at war with them. But the Biden administration certainly does not want to admit that we are at war with Iran. We are heading into an election year, and many Americans don’t want to hear that we are involved …
As the financial landscape braces for a significant shift, SEC Chairman Gensler embarks on a public relations tour. Concurrently, rate traders are signaling an end to the steepest global tightening cycle in a generation, anticipating a shift toward monetary easing by mid-2024. UBS CEO Sergio Ermotti questions the feasibility of reigniting inflation without triggering an …
In the last 120 years, when a country’s debt got really high, 98% of them ended up not being able to pay it back. Ken Griffin says the government can avoid this by printing more money, but it would mess up the economy really bad. A simple solution could be for Congress to spend less, …
As the Nasdaq Composite surges, outperforming the Russell 2000 by the largest margin since 1999, a sense of déjà vu from the dot-com bubble emerges. US equities near 70-year highs against global stocks, mirroring the exuberance of the past. While the possibility of another -85% drawdown is deemed unlikely, the striking similarities to the ‘back …
In a notable development, subpoenas for Hunter Biden and James Biden have been issued, a significant move that is not lost on observers. The timing, following Kevin McCarthy’s departure, suggests a potential shift in the dynamics of the political landscape. This move is seen as a step toward draining the metaphorical swamp, signaling a potential …
The Japanese yen has been toast. It’s been a few years since they surpassed the toilet paper threshold. 1 sheet of toilet paper was worth more than 1 yen, meaning you could save money by wiping your a$$ with money. https://duckduckgo.com/?q=yen+to+usd&t=brave&ia=currency The yen's weakness is not only evident to MYR, but all currencies in general, …
In a grim assessment, the pervasive corruption within the system stands as an undeniable truth. Rather than earnestly addressing and holding those engaged in corruption accountable, the establishments appear more inclined to silence and punish those who dare to expose the rot. The glaring injustice of this dynamic reflects a systemic failure that breeds anger …
In a heated confrontation, Vivek Ramaswamy took center stage, not only branding the Republican Party as the ‘Party of Losers’ but also demanding the resignation of GOP ChairLady Ronna McDaniel. However, he didn’t stop there. Ramaswamy turned a scalding blowtorch toward NBC, directly challenging the choice of moderators and the media establishment. “This is about …
In a concerning departure from the norm, overnight markets are witnessing unsettling sell-offs, followed by perplexing rallies during regular trading hours. This topsy-turvy trend contradicts the typical pattern where most gains occur outside regular hours. What’s even more disconcerting is the suspicion that prominent market players are offloading their positions onto retail investors, who often …
When banks and companies extend $1 trillion in credit card debt and struggle to collect, it has far-reaching consequences. It leads to substantial financial losses, impacting profitability and lending capacity. Shareholders and investors witness a decline in the value of their stocks or company shares, affecting market value as seen with $C, $GS, and $BAC. …
The dwindling demand for oil-based lubricants, reaching its lowest point in over four decades, is a stark indicator of the challenges facing the manufacturing sector in the United States. This decline in demand is far from indicative of a ‘soft landing,’ and while circumstances may differ this time, historical data presents a concerning pattern. Over …
A World Economic Forum professor has declared that parents will soon need to obtain a license from the government in order to raise their own children. According to Connor Kianpour from the WEF-funded University of Colorado Boulder, parents will need to prove that they accept the pro-pedophilia and transgender agenda by the elite before being …
The recent moves by Denmark’s Climate minister to make EU farmers pay for their greenhouse gas emissions and the discussion of a carbon tax on beef and dairy production are nothing short of outrageous. It’s a short-sighted approach that doesn’t address the core issue but instead puts the burden squarely on the shoulders of farmers …
Bank of America $BAC has a $130 billion unrealized loss on their balance sheet and only has $29 billion in income in the last 12 months. pic.twitter.com/MC6LY3ET2F — Kevin Malone (@Malone_Wealth) November 8, 2023 WSJ: Big Banks Cook Up New Way to Unload Risk “U.S. banks have found a new way to unload risk as …
Rand Paul’s fiery accusations paint a troubling picture of federal agencies’ priorities. He vehemently claims that the FBI and DHS are misusing their resources to not only surveil but also censor law-abiding American citizens. In his eyes, this is an outrageous misallocation of critical resources, diverting attention away from pressing concerns like escalating violent crime …
The financial outlook in the United States is deeply concerning. The bottom 20% of workers are allocating a staggering 80% of their income to essential goods like food, highlighting the stark inequality. Even those earning $150,000 or more a year are living paycheck to paycheck, relying on credit cards to make ends meet. Excess savings, …
Another record credit card debt Collectively, Americans now owe $1.08 trillion on their credit cards, according to a report from the Federal Reserve Bank of New York. Steadily, persistently higher prices have caused consumers to spend down their savings and increasingly turn to credit cards to make ends meet. At the same time, credit cards are one …
by mrmrmrj A mere 7 corporate giants are single-handedly generating over 100% of the S&P 500’s profit growth, with a mere 10 stocks shouldering 90% of the market’s gains this year. This high level of dependence on a select few raises red flags, as the fate of these companies now dictates the health of the …
by confoundedinterest17 President Joe Biden and his boss Barack Obama remind me of the legendary corrupt Chicago politicians First Ward Alderman Michael “Hinky Dink” McKenna and “Bathhouse” John Coughlin. And their love of “boodle” (a slang term money, gained (Biden family payoffs from foreign countries), or spent improperly (Obama shipping large pallets of cash to US enemy …
This amounts to a doubling of interest costs over the past 19 months, according to Bloomberg. It is the equivalent of 15.9 percent of the Federal budget for fiscal year 2022. https://www.breitbart.com/economy/2023/11/07/bloomberg-u-s-debt-interest-bill-soars-past-1-trillion-a-year/ This is based on the current book debt of $33+ trillion. It doesn’t reflect the $211+ trillion in unfunded liabilities. (lower right) https://www.usdebtclock.org/# Make no …
The recent $185 billion bank bailout in Switzerland has raised eyebrows as the country now contemplates a concerning measure: potentially restricting bank withdrawals to prevent a mass exodus of depositors during future financial crises. This move reflects the growing challenges in the global financial system, where authorities grapple with the notion that banks are becoming …
Judge Engoron: “Mr. Kise, can you control your client? This is not a political rally… Maybe you should have a talk with him right now.” Kise disagrees and says it would be far more economical to let the “former and future chief executive of the United States” to give his answers. Judge Engoron: “Mr. Kise, …
By Graham Summers, MBA Treasury Secretary Yellen wants stocks and bonds higher. The reason is simple. Next year 2024 is an election year. And Yellen is a playing politics for the Biden Administration. After all, it’s hard to convince voters to re-elect someone when their 401(k)s are shrinking by the week. This is why Secretary …
The current financial landscape reveals concerning trends for the business world. With less than half of S&P 500 companies surpassing revenue estimates, the performance is at its weakest point in the last four years. Moreover, the declining percentage of buybacks as a portion of the $SPX market capitalization in the third quarter is a worrying …