The yield curve guy is back – chart of US recession probability

Source: https://www.newyorkfed.org/research/capital_markets/ycfaq.html#/overview The yield curve as a leading indicator uses the 10y-3mo value to predict the probability of recession. July report came out a couple days ago and May ’24 is higher than any time in the last 40 years at 70.85%. This is not the fed’s official prediction but is a tool they build and …

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Borrowing from the Bank Term Funding Program hit a NEW all time high–the 10th consecutive week above $100 billion!

by Dismal-Jellyfish What we are monitoring: Bank Term Funding Program (BTFP) Discount Window/Primary Credit “Other Credit Extensions” I hope to shed light on the recent uptick in borrowing due to an attempt to offset the initial shrink in M2 and dip in deposits. Buckle up! Bank Term Funding Program (BTFP): https://www.federalreserve.gov/releases/h41/20230810/ ​ https://fred.stlouisfed.org/series/H41RESPPALDKNWW 781.1%!!! Date …

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NATO to the rescue now?

Russian Defense Minister: NATO assembling 360,000 troops in Eastern Europe. Poland is preparing to occupy Western Ukraine.., Russian Defense Minister: NATO assembled 360,000 troops in Eastern Europe. Poland is preparing to occupy Western Ukraine. Important: If NATO moves from a proxy war setting into a direct war with Russia it will be WW3 with all …

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Recent intra-day reversals are due to institutional dumping of tech stocks, selling to retails. The weak 30 year treasury auction + Fed’s BTFP emergency lending window at a new all time high = We are in the final countdown.

These massive intra-day reversals we've been seeing lately are a result of institutions dumping Tech stocks en masse. A process known as "distribution" i.e. selling to retail late money. Here we see (Chaikin) money flow has collapsed. Note the difference from the last top: pic.twitter.com/IrPaM0TglA — Mac10 (@SuburbanDrone) August 10, 2023 This chart sums it …

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The Sneaky Wealth Tax Buried in the SECURE Act 2.0

From Peter Reagan at Birch Gold Group If you’re over 50 and planning for your future, you have a lot of decisions to make. You’ll be asking questions like this: How much should I be saving? How much can I save? How can I make up for lost time? One idea to consider is called catch-up contributions. It’s one of the four secrets …

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Ireland ordered to Slaughter 20% of their cows due to Climate Concerns

First steps to a starvation crisis https://twitter.com/_/status/1689623633507827712 Scientist Admits the ‘Overwhelming Consensus’ on the Climate Change Crisis Is ‘Manufactured’ We are told climate change is a crisis, and that there is an “overwhelming scientific consensus.” “It’s a manufactured consensus,” climate scientist Judith Curry tells me. She says scientists have an incentive to exaggerate risk to …

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Fed raises interest rates, bails out banks, ultra-rich, deepening middle class’s borrowing needs to combat inflation.

The longer the Fed keeps raising interest rates while using their balance sheet to bail out banks and the ultra wealthy, the more deeply buried the middle class becomes trying to borrow their way through inflation. Personal interest payments: pic.twitter.com/UdeKfTTszD — Mac10 (@SuburbanDrone) August 10, 2023 US Core CPI is still at a staggering 4.7% …

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46% of renters struggle financially, 36% have more debt than emergency savings. Owning a home has become a luxury

About 46% of renters in the U.S. are currently struggling to make ends meet, according to Harvard University researchers — unusual_whales (@unusual_whales) August 9, 2023 The cost of both buying and renting a house in America has skyrocketed since 2020. Buying a house now costs $2,700/month on average, up an alarming ~86% in 3 years. …

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Documents reveal a Democratic PAC paid $11M to MI company implicated in Voter Registration Fraud for Biden

FEC records reveal a Democrat dark money super PAC paid the company implicated in a Michigan police report of voter registration fraud $11,254,919 to register voters for Joe Biden’s 2020 presidential campaign. BlackPAC, a Democrat political action committee fueled by undisclosed contributions, funneled $11,254,919 to GBI Strategies LLC in 2020 to register voters for Joe …

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Smaller Banks Grapple with Challenges as Borrowers Struggle to Repay Debts

by bitkogan Alarming U.S Financial Stats of 2023: – Debt at record high – Interest expense on debt to reach record high– Credit card debt at record high – Average interest rate on credit cards at record high– Average monthly payment for new car at record high– Housing prices near… — Genevieve Roch-Decter, CFA (@GRDecter) August 9, 2023 WeWork …

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The McDonald’s Inflation Indicator

by B3stAuD1t0rofA11tiME The price of a Big Mac is currently around 5 bucks That’s a 22% increase since Covid It looks the same and as usual when you are done eating it there is lettuce all over the place I’m not sure if the price increase was due to cleaning lettuce off the floor Now …

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Looks like Trump is going to get indicted again tomorrow

by EuphoricTrilby In the past couple months, the DOJ has consistently indicted Trump or his associates the day after Biden gets bad legal news- whether it’s bank statements detailing Biden taking bribes or Hunter Biden’s plea deal collapsing. The DOJ already has indictments lined up for “in case of Biden scandal”. The next one will …

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Bond credit ratings companies slow to act, more bank failures on the way.

The bond credit ratings companies are always slow to adjust. There will be many more bank failures in the next 24-36 months. Probably every regional bank with exposure to commercial real estate should be downgraded at this point. 🔊 https://t.co/96qIsxGVGN — Wall Street Mav (@WallStreetMav) August 9, 2023 Fitch delayed the U.S. credit rating downgrade …

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A compilation of the top 20+ NEWS alerts of contemporary Heart Attack causes/risks to be on lookout for.

Some of the different heart attack risks … Showering Hot Weather & Cold Weather Being too Happy Playing Video Games Being pregnant in your 20s ( idk ) Being “Sarcastic” ( seriously ) Climate Change (of course) Artificial Sweetener Gardening , specifically “touching soil” Too much exercise Eggs Lack of Masking (lol) Falling asleep with …

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Hoot of the Day: US Policy Dramatically Increases the Need for Political Risk Insurance

via Mike Shedlock: In a recent survey of large corporations, 100% of the companies made some enhancement to their political risk management. 54% increased political risk insurance. Political Risk is Everyone’s Risk Please consider The Year Political Risk Became Everyone’s Risk. This is how an insurance broker typically describes political risk: “low frequency, high severity.” Political …

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Biden’s Mortgage Market! Mortgage Demand Falls -3.1% Since Last Week, Purchase Demand Falls -3% And Down -27% Since Last Year

by confoundedinterest17 The US mortgage market is livin’ la vida Biden! And for the US mortgage market, la vida Biden in ugly. Mortgage applications decreased 3.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 4, 2023. The Market Composite Index, a measure …

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Round 2 of inflation is on the way!

Off the Recent Lows Orange Juice +45%Natural Gas +43%Sugar +41%Gasoline +33%Uranium +28%Oil +24%Lean Hogs +22%Soybeans +16%Iron Ore +15%Coal +14%Wheat +14% *Bloomberg terminal data, lows since Dec. **ALERT: Inflation expectations, US 5yr BEs, at a nine-year high. — Lawrence McDonald (@Convertbond) August 9, 2023 Crazy examples of Shrinkflation Have you noticed any yourself? 🔊 pic.twitter.com/aA3C21RUYf — …

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In 2008 the soft landing dream was alive through the end of August, 9 months into the recession.

In 2008 the soft landing dream was alive through the end of August, 9 months into the recession.https://t.co/SkNWeYEFFu — Eventually Consistent Capital (@EventuallyCC) August 8, 2023 “Soft landing” news on @business is now higher than in 2000 and 2007. #macro https://t.co/4hl26TWkMQ pic.twitter.com/j329uSp4ch — Kantro (@MichaelKantro) August 8, 2023 Demand for bank loans in the corporate …

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Seems sustainable…

The median sales price of a home in the US is now 560% of the median household income, per Gangespost: pic.twitter.com/j1ZIpUp2GI — unusual_whales (@unusual_whales) August 8, 2023 Only 23% of homes in the US are affordable to middle-income buyers, per the National Association of Realtors. A year ago, 50% were. — unusual_whales (@unusual_whales) August 8, …

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BREAKING: Extremely Dangerous Wildfire in Maui. Downtown Lahaina On Fire. People Jumping into Ocean

BREAKING 🚨 Extremely dangerous wildfire situation is ongoing as strong winds are pushing flames toward populated areas in and around Lahaina, a largest census-designated place in West Maui, Hawaii. pic.twitter.com/eYZyUrbArQ — Insider Paper (@TheInsiderPaper) August 9, 2023 Wildfire has engulfed businesses on Front Street in downtown Lahaina in West Maui, home to 12,000 people. The …

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Dead Disney: Why you should bet against the mouse

by CyborgAlgoInvestor Disclaimer: Invest at your own risk. Not financial advisor, just a regard giving my 2 cents. Not responsible for any losses you may incur. I hope you are blessed with tendies 🙂 Disney’s valuation is ridiculous, and unless Apple buys it(there’s speculation they may with the most recent partnership), they’re cooked. I know you’re …

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Mega Millions $1.58 Billion Jackpot Won By One Ticket In Florida… You can choose a $1.55 billion over 29 annual payments, or a cash lump sum of approximately $752.2 million, per Reuters. Which do you choose?

https://www.megamillions.com/ https://www.megamillions.com/News/2023/Estimated-Mega-Millions%C2%AE-Jackpot-Now-at-$1-58-Bill.aspx $1.58 Billion annuity prize paid out in 30 yearly installments. That is = $783.3 million lump sum cash prize. There is someone in Florida who is very happy tonight. . . Edited to add this Mega Millions Press Release about the win: https://www.megamillions.com/News/2023/Smashing-Jackpot-Run-Ends-With-Big-Florida-Win.aspx “Smashing Jackpot Run Ends With Big Florida Win RELEASE DATE: …

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