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The era of near-zero interest rates has given rise to a series of what many may consider absurd business ventures, including the likes of “buy now, pay later,” car vending machines, extravagant digital art sales, algorithmic home buying, and virtual metaverse offices. During such times of readily available capital, even seemingly weak ideas manage to …
Major poverty incoming? Food Banks Canada report paints dire picture of Canada-wide affordability crisis There are many heartbreaking tales behind the record number of Canadians using food banks as they struggle with high inflation and mounting housing costs, says a Vancouver food bank executive. “We see parents who are skipping meals so that their children …
We live in a bizarro world. h/t John Dutton
by confoundedinterest17 Bidenomics new theme song is “Addicted To Gov.” Bidenomics needs lots of Federal spending and borrowing to survive. But all this spending and borrowing is causing rapid price increases and other distortions. The US Federal government just added $600 billion in debt in ONE MONTH. And The Fed’s have borrowed $10.47 TRILLION since Covid in Q1 …
Russia says to have successfully tested its ability to deliver a massive retaliatory nuclear strike by land, sea and air. The test launch of missiles was from a land-based silo, a nuclear submarine, and from long-range bomber aircraft. Defense Minister Sergei Shoigu called it a rehearsal for “a massive nuclear strike” in response to an …
This is what happens when inflation isn’t controlled quickly Argentina’s central bank hiked rates by a staggering 1500 bps to 133% this month The shocking part: Inflation STILL remains above rates with the latest figure coming in at 138% pic.twitter.com/FJdyKqiMdK — Bravos Research (@bravosresearch) October 26, 2023 Japanese Yen just broke 150:1 USD ratio despite …
-DXY breaking out towards 107 -10 yield is nibbling at 5% -Futures red and accelerating lower as I type this. -Cypto suflee is crushing down. Dollar Index DXY pic.twitter.com/SdGxqSuhcX — The_Chartist 📈 (@_chartitude) October 26, 2023 Despite the ongoing debates, the current economic cycle has unfolded much more like the 1970s period than the World …
FOXNEWS: JESSE WATTERS: We have a compromised president in the White House Everything “Primetime” has been saying about the FBI and the Biden family has just been confirmed. For years, we’ve told you the FBI knew everything the Bidens were up to– the cash, the Chinese diamonds, American policy for sale. Not only was …
At least 20 people are dead, multiple injured in active shooter situation Shootings took place at Spare Time Bowling Alley & Schemengees Bar in Lewiston Robert Card named person of interest by authorities Shelter in place orders issued for Lewiston, Lisbon, Bowdoin Next press conference scheduled for 10:30 a.m. At least 20 people are dead …
By Graham Summers, MBA Japan is slowing losing control of its bond market. The Bank of Japan (BoJ) is currently engaged in an open-ended Quantitative Easing (QE) program. In its simplest rendering, the BoJ starts buying the 10-Year Japanese Government Bond any time that bond’s yield rises to 1% or higher. It’s possibly the boldest QE program …
The International Monetary Fund (IMF) issues a warning, with Managing Director Kristalina Georgieva urging the world to prepare for higher interest rates due to persistent high inflation. The current scenario of surging U.S. bond yields, mirroring periods from the early 1980s that coincided with two recessions Bank of America with another 3-year low close despite …
We need Trudeau to resign quickly. This guy is the reason this insanity is happening. 50 year old man who identifies as a ‘girl’ competes in swimming competition against 13 year old girls. Melody Wiseheart, 50, who identifies as a girl was able to use the girls lockerooms to change and swam against nine 13-14 …
Everyone was tricked into dumping their volatility positions at the worst possible time. — Financelot (@FinanceLancelot) October 25, 2023 #recession … #StockMarket Bubble edition#volatility #VIX 📈 😬 https://t.co/xm7BJe63zl pic.twitter.com/8ibL9o05JU — Invariant Perspective (@InvariantPersp1) October 25, 2023 #recession … #StockMarket Bubble edition#smallcaps $IWM #RTY_F 📉 🥶 https://t.co/N7GtyHGPEb — Invariant Perspective (@InvariantPersp1) October 25, 2023 Jeremy Grantham: …
by confoundedinterest17 I admit, Biden lies about everything. Like Biden saying he met with Israel Prime Minister Golda Meir during 1967’s Six-Day War, in which he claimed he served as a “liaison” between Israel and Egypt. He made the remarks during a menorah lighting at the White House Wednesday, apparently referencing a meeting he had with Meir just …
James Comer says, in this interview, that the Repbulicans will be revealing “a lot more” evidence than just the recently revealed $200,000 check that shows the Biden’s potential money laundering and influence peddling, and that it “will be revealed to the American people soon.” Comer’s Latest Biden ‘Bombshell,’ a $200K Check to Joe, Declared …
According to new reports, many Americans are about to lose their local Target stores. Every month, more Target store closings are being announced as the company faces one of its biggest crises since it was founded six decades ago. The retail chain is in a very poor financial shape, with sales on pace to be …
Illegals Fist Bump Border Patrol After They Cut Through Abbott’s Border Wire. Why is this happening? pic.twitter.com/cIZAWsOzD6 — I Meme Therefore I Am 🇺🇸 (@ImMeme0) September 29, 2023 BREAKING: Today, I filed a lawsuit against the Biden Administration regarding their cutting razor wire at the border. Texas is and will continue to be America's greatest …
The U.S. is going to war with Iran. This has clearly already been decided regardless of what happens.pic.twitter.com/OXjjem00Kp https://t.co/i805klxzzE — Financelot (@FinanceLancelot) October 25, 2023 Scott Adams Prediction: “Odds of war with Iran are 100%.” Odds of war with Iran are 100%. We don't bluff this expensively. https://t.co/5VwvIF5kGG — Scott Adams (@ScottAdamsSays) October 25, 2023
The ongoing property crisis in China is taking an epic turn, with the nation’s real estate index plummeting back to 2009 levels, marking an approximate 80% drop from its peak. This alarming situation prompted Chinese President Xi to make his first-ever visit to the central bank, signaling a shift towards a much-needed fiscal stimulus. China …
National Hurricane Center: "A nightmare scenario is unfolding for southern Mexico this evening with rapidly intensifying Otis approaching the coastline…This is an extremely serious situation for the Acapulco metropolitan area…There are no hurricanes of record even close to… pic.twitter.com/67b14GpRwd — Steve Lookner (@lookner) October 25, 2023 Hurricane #Otis Advisory 12: Otis Rapidly Intensifies to a …
HSBC’s CEO and other prominent leaders in the financial world are issuing dire warnings about the world teetering on the brink of a debt crisis, driven by years of extensive government borrowing. They emphasize the urgent need to address the mounting debt levels. The data presented underscores that we have yet to witness the full …
by confoundedinterest17 Back in red? As US fiscal policy deteriorates further thanks to endless Federal spending (not to mention seemingly endless wars under Biden and Nobel Peace Prize winner Obama), we are seeing pain in the bank lending business. Commercial and industrial (C&I) loan lending standards is tightening (blue line) to levels typically seen in recessions. …
Institute for Peace and Prosperity, Released on 10/23/23 President Joe Biden announced last week that the United States would be funding – and possibly fighting – three wars in three different parts of the world at the same time. It is an ambitious foreign policy for a president who doesn’t even seem to be able …
Banks are back at the lows of 2023, because manipulated earnings expectations are better than feared. pic.twitter.com/jdnDR9xHUv — Mac10 (@SuburbanDrone) October 24, 2023 https://twitter.com/1CoastalJournal/status/1716947500324823156 🚨Barclays -6.79%PacWest Bancorp -8.90%Banc of California -6.30% https://t.co/vlJ29i67SX — Financelot (@FinanceLancelot) October 24, 2023 #recession … #GFC2 US #Banks edition#Banking $BKX $XLF $KRE $PACW 📉🥶 https://t.co/RCdzN3vXSy pic.twitter.com/1LRhK1Rzkj — Invariant Perspective (@InvariantPersp1) …
JPMorgan’s CEO Criticizes Central Banks for ‘Dead Wrong’ Forecasts Jamie Dimon of JPMorgan lambasted central banks for their glaring past forecasting errors, casting doubt on their ability to navigate the looming economic uncertainties. He drew a grim parallel between today’s economic situation and the wasteful 1970s, while dismissing the potential impact of rate …
Canadian banks appear to be following a familiar pattern, as they typically do during economic crises and recessions. The current signs of an accelerated decline indicate that a challenging period may indeed be on the horizon, with potential economic turbulence ahead. Canadian banks are in an accelerated decline now, just as they've done for every …
🇺🇸Rockwell B-1B Lancer pic.twitter.com/HGUewNSYTh — 360°Radar (@wipljw) October 24, 2023 🇺🇸Rockwell B-1B Lancertransponder off pic.twitter.com/GZp6sEAkGq — 360°Radar (@wipljw) October 24, 2023 A very large amount of military aircraft operating off the Coast of Southern California tonight including B-1Bs & B-52s 😎 https://t.co/87biDYpkVH pic.twitter.com/n5qwB97YOl — Thenewarea51 (@thenewarea51) October 24, 2023 STORM01 flt (B-52s) calling MONTREAL CENTER, …
The soaring US budget deficit, which surged to $2 trillion for the fiscal year ending in September, growing twice as fast as the economy itself, exemplifies the reasons behind the 5% yield rates. This deficit spike is primarily attributed to falling revenues, alongside increased spending on debt servicing, Social Security, and Medicare. The US government …
Looks like Shit will Hit the Fan All at Once https://twitter.com/_/status/1716787057845235782 BREAKING: China removes defence minister Li Shangfu: state media — Insider Paper (@TheInsiderPaper) October 24, 2023 #China's Defense Minister Li Shangfu has been fired from his post. pic.twitter.com/RocdCtfzMT — NEXTA (@nexta_tv) October 24, 2023 h/t DOORBERT
The record-high subprime auto loan delinquency rate in September is deeply concerning, but it’s not just about the car market. The ripple effects extend to people struggling with their bills, families losing their means of transportation, and the broader economy. Many people have asked me to why I haven’t commented on the concerning auto loan …