Heads Up Archives - Page 432 of 453

S&P Global: U.S. corporate bankruptcies rise this year rise to second-highest level since 2010. July ranked as the second-worst month of 2023 (so far). Corporate bankruptcies surpass every year since 2010 except for the COVID-impacted year of 2020.

August 3, 2023 3:45 pm

by Dismal-Jellyfish Source: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/july-filings-propel-2023-us-corporate-bankruptcy-tally-past-2022-s-total-76838356 US corporate bankruptcies rose again in July as high interest rates and a challenging operating environment continue to push US companies over the brink. S&P Global Market Intelligence recorded 64 corporate bankruptcy filings in July, the …

The reservoir of ‘helicopter money’ is drying up.

August 3, 2023 2:15 pm

by bitkogan The savings of Americans, which swelled thanks to the government’s pandemic stimulus, have not only shrunk, but have even fallen below the level of the longer-term trend stretching back to before the pandemic. The key driver behind this …

June saw the 13th consecutive monthly net outflow for hedge funds, with investors removing $13.12 billion.

August 3, 2023 1:25 pm

by Dismal-Jellyfish Source: https://www.evestment.com/news/hedge-fund-industry-asset-flow-report-june-2023/ Highlights: June 2023 witnessed the 13th straight month of net outflows in the hedge fund industry. June’s redemptions were lighter compared to previous years, with an estimated net $13.12 billion taken out, though it still resulted …

Fraudulent Covid employee retention tax credit holding up US economy

August 3, 2023 1:23 pm

I’ve seen the commercials on TV, get free money by claiming your business tax credit, we’ll get a check for you. Equivalent to the ambulance chasing lawyer commercials. Not sure how long this can go on, but $20-30 billion per …

Rumors That Trudeau & Macron Had an Affair Together

August 3, 2023 12:05 pm

Rumors Are Circulating That Justin Trudeau (The Dictator of Canada) and Emmanuel Macron (The Dictator of France) Had an Affair Together 🚨 pic.twitter.com/cgsdbRTbAF — Matt Wallace (@MattWallace888) August 3, 2023 https://twitter.com/_/status/1686778383860948992 [ ALERT ] TRUDEAU REACHED OUT TO MACRON FOR …

Inflation Alert! Bank of England raises interest rates to highest level since the Great Financial Crisis.

August 3, 2023 11:45 am

by Dismal-Jellyfish https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2023/august-2023 Highlights: The BoE decided to raise the Bank Rate by 0.25 percentage points to 5.25% with a 6-3 vote. New projections assume the Bank Rate will peak at just over 6% and average just under 5.5% over …

10 Signs That We Really Are Living In Apocalyptic Times

August 2, 2023 10:17 pm

by Michael Time is running out for humanity. Our world becomes a little bit more like a really bad science fiction movie with each passing day, and our self-destructive tendencies are slowly but surely transforming our society into a living …

“Go Woke, Go Broke” Is A Reality, And Here Are The Receipts…

August 2, 2023 10:00 pm

by Michael A pattern has emerged that is undeniable. Companies that choose to “go woke” are going broke. In fact, this is even happening to some of the largest and most famous corporations in the entire country. There is a …

Global debt levels are indeed high, and Fitch’s downgrade of its U.S. credit rating may just be the start.

August 2, 2023 9:48 pm

Animated: Global Debt Projections (2005-2027P) 💳️https://t.co/8XFqKNQowE pic.twitter.com/v4lUyCxnDE — Visual Capitalist (@VisualCap) August 1, 2023 In 1971, global debt was a “mere” $4 trillion. In 2023 global debt is $325T excluding derivatives. How much longer can this debt bubble go? 🚨 pic.twitter.com/jJbSMdWH7h …

US government plans to increase debt issue size by 60% by August, financing over $2 trillion in deficits and refinancing maturing debt at higher rates.

August 2, 2023 9:33 pm

The US govt is dramatically increasing its planned amount of debt it issues in the next 12 months. 🚨 Monthly Auction Sizes +60% by August Next Year vs the previous year. The USA has to finance over $2 trillion …

Small lender delinquency rates reach 7.1%, surpassing peak in 2008 and 2020. US default risk higher in 2023 compared to peers.

August 2, 2023 9:29 pm

Great chart from PPG Macro showing delinquency issues beyond the large lenders. It seems that small lenders are increasingly exposed to overly risky loans. Commercial real estate loans are yet another example. Follow us @KobeissiLetter for real time analysis as …

US reaches highest apartment vacancy rate since 2017, with metros reaching 6+ year highs… “Similar to 2007 levels” for real estate sales volume.

August 2, 2023 9:27 pm

New ApartmentList data dropped The United States hit the HIGHEST average vacancy rate since they started tracking data in 2017 with the following metros hitting 6+ year highs: pic.twitter.com/8xqVfGyKef — Darth Powell (@VladTheInflator) August 2, 2023 “Similar to 2007 levels” …

Why would a sitting US Senator be betting his own money against the US market?

August 2, 2023 9:12 pm

by EuphoricTrilby https://twitter.com/unusual_whales/status/1686783179485491200?s=46&t=T37mFTn9E_HUaxN1rB76Hw One of the people elected to ensure the prosperity of America is betting his own money against it. Imagine if a company executive short sells his own stock (illegal in most cases).

Bidenomics! Biden Blames USA Downgrade On Trump (But Economy Added 12.53 Million Jobs After Covid Shutdowns Ended Under Trump While It Took 2 1/2 Years For Bidenomics To Add 12.56 Million Jobs)

August 2, 2023 4:07 pm

by confoundedinterest17 Bidenomics is where the Attorney General Garland gives Hunter Biden blanket amnesty and arrests Biden’s Presidential opponent. Welcome to the United Venezuelan States of America!e The new regime talking points are out – namely that Fitch downgraded the …

American credit rejection rate rises to 21.8%, highest since June 2018, indicating tougher borrowing conditions.

August 2, 2023 3:48 pm

Credit Crunch Alert! Rejection rate for Americans applying for credit – whether it’s a mortgage, new car loan, or a credit card – increased to 21.8%, the highest level since June 2018. Borrowing money is getting tougher, folks! — Genevieve Roch-Decter, …

Scott Adams: “Sometimes you have to wait until things go #TooFar before the energy is right for a fix. We are entering the fixing stage for almost everything. Powerful correcting forces are rising. “

August 2, 2023 3:45 pm

There's a lot of good news disguised as bad news this week. Sometimes you have to wait until things go #TooFar before the energy is right for a fix. We are entering the fixing stage for almost everything. Powerful correcting …

Effective Federal Funds Rate now as high as it was pre ’08 crash along with volume

August 2, 2023 3:37 pm

by TacticalHog source: New York Fed Most recently, the Fed removed a recession from their forecast. This came less than a year after they said a recession may be the only way to tame inflation. We truly are investing in …

Justin Trudeau and wife Sophie separating

August 2, 2023 1:58 pm

Prime Minister Justin Trudeau and his wife Sophie Gregoire Trudeau are separating after 18 years of marriage. In a brief statement issued by the prime minister on Instagram, he said that after “many meaningful and difficult conversations” the pair have …

Manufacturing ISM Declines 9 Straight Months, New Orders Down 11 Months

August 2, 2023 9:49 am

via Mike Shedlock: The manufacturing ISM has been a broken record for nine months. Chart and excerpts below by permission from the Institute for Supply Management ® ISM® Economic activity in the manufacturing sector contracted in June for the ninth …

Google wants to introduce a DRM for the net that requires you to be “certified” by before visiting a website else your access will be blocked.

August 2, 2023 9:45 am

by 0naptoon A dystopian future waits us, a web where you have to be certified to access the internet. The plan is simple. You get a certification by giving your personal data, a digital identity. You log in into your …

9 weeks until October. How big will the crash be?

August 2, 2023 9:31 am

by mark000 So freaking obvious that a crash is coming. via WSJ: “The damage of the ECB’s sledgehammer approach during this past year is now beginning to show, and it’ll only get worse from here as the lagged effects of …

Trump gets indicted whenever there is negative news about the Bidens.

August 2, 2023 9:58 amAugust 2, 2023 9:27 am

by sublimeinslime It’s obvious it’s nothing more than an attempt to direct the narrative and keel their base from seeing anything negative about Biden. Noticing quite the pattern here: Right on schedule. Less than 24 hours since Devon Archer’s testimony. …

The US Debt Downgrade could be the Catalyst!

August 2, 2023 8:44 am

by ThreeD710 Not sure how many of you have read about the US Debt downgrade, but this could be the catalyst for a major turning point for the World. If you are thinking how does this affect the World or …

US Credit Rating Downgraded – Global Stocks Drop

August 2, 2023 8:25 am

JUST IN 🚨 FITCH DOWNGRADES UNITED STATES RATINGS TO AA+ FROM AAA — Insider Paper (@TheInsiderPaper) August 1, 2023 https://twitter.com/_/status/1686487253344743425 The USA just had its credit rating dropped from AAA to AA+ 🩸 See charts for how markets reacted when …

This Is Why U.S. Economic Activity Seems So “Slow” This Summer

August 1, 2023 9:53 pm

by Michael Do things seem “slow” to you this summer? If so, you are definitely not alone. In recent weeks, my wife and I have heard from so many people that are saying that activity at their businesses or organizations …

US Q3 GDP is expected to be 3.9% while inflation is projected to be 3.8% by September. This brings nominal Gdp to be around 7.6% in Sept… Rates are going 6%

August 1, 2023 9:41 pm

by DesmondMilesDant Caption: Atlanta Fed Q3 GDP est will update on Aug 1 which will be 3.9% up from 3.5%. Caption: Cleveland Fed suggests August cpi in September to be 3.9% but generally, it comes a % down. What this …

Bidenomics (Or Yellenomics)! Real Weekly Earnings For Men LOWER Under Biden Than Jimmy Carter! (Men’s Real Weekly Earnings DOWN -9% Since Q2 2021 While M2 Money UP 31%)

August 1, 2023 8:43 pm

by confoundedinterest17 President Jimmy Carter is usually the bar for terrible Presidents. Under Carter, the US experienced economic stagnation and soaring inflation. At least it led to the election of Ronald Regan! So, Biden’s much mentioned Bidenomics have produced REAL …

American average credit card balance is $7,300, median household savings $5,300, and delinquency rates rise 6 consecutive quarters. We are “fighting” inflation with credit cards.

August 1, 2023 8:41 pm

For the first time in history, total credit card debt is about to cross $1 trillion. Since Q4 2020, total credit card debt is up over $200 billion. Americans currently hold a record $986 billion in credit card debt. 2/7 …

Jack Smith announces the indictment, and sounds petrified… Jonathan Turley immediate reaction… ‘This is all protected speech’…‘This is a very weak case against Trump’…

August 1, 2023 8:35 pm

“The attack on our nation’s Capitol on January 6, 2021, was an unprecedented assault on the seat of American democracy … It was fueled by lies — lies by the defendant.” — Special counsel Jack Smith announces the indictment of Donald …

Hedging Bets: My SPY Put Strategy Amid Rising Bankruptcies

August 1, 2023 7:14 pm

by bitkogan While White House economic advisor Jared Bernstein suggests that Yellow’s bankruptcy was the result of excess debt following multiple mergers, labeling it as more of a ‘Yellow-specific story’ than as a broader economic concern, I see the situation …