Independent thinking for complex markets and current events
The sharpest signals, deepst dives and must-read reports from Citizen Watch Report.
Following the COVID era, we have entered a period of fiscal dominance among major developed economies. Hence, the escalating debt burden is already near historical levels and compounding at an alarming pace. — Otavio (Tavi) Costa (@TaviCosta) July 22, 2023 Quantitative tightening policies are the central banks' own version of an illusionary “debt ceiling”, a …
From Peter Reagan at Birch Gold Group We’ve written before about how economic catastrophes often start gradually, then suddenly accelerate into utter chaos. Now it’s time to apply that idea to a different topic: de-dollarization. Mike Maloney surmises that the dollar will, at first, slowly be replaced by alternatives as the global reserve currency. Then, after alternatives build momentum (e.g. BRICS …
by 2201992 And yet if your not Fox News, or the New York Post the Liberal Mainstream Media will not criticize you or call for impeachment. In the last 2 days we have had hearings in Congress talking about the corruption regarding Hunter Biden from IRS Whistleblowers, and RFKJr. Testifying about Censorship. Those are 2 …
by theSilverVigilante I didn’t even think they reported this anymore. Us M1 money stock. This is crazy. When covid hit the value was at Five Point something and it got crushed all the way down to one and currently sits at 1.376. They shut down small businesses and GDP Tanked 30%. Quarantined locked in your …
A new Center for Immigration Studies video report highlights Texas Governor Abbott’s “Operation Hold the Line”, which has state police and National Guard block immigrants at the Rio Grande River’s edge, and President Biden’s undermining of the state’s efforts to enforce the laws. https://cis.org/Video/Cold-Border-War-Breaks-Out-Between-Abbotts-Texas-and-Bidens-White-House The border agents are making on average $105k a year. https://mint.intuit.com/salary/border-patrol-agent …
by Cautious_Kamakazi The largest banks in the US are reportedly taking big hits to their bottom line as borrowers default on billions of dollars worth of loans. Citing data compiled by Bloomberg, the Financial Times says that JPMorgan Chase, Bank of America (BofA), Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley appear to have written …
by Cautious_Kamakazi It is worth noting that despite deflation worsening, China's #credit impulse is declining again, showing a #TIGHTENING of #monetary conditions. Many investors had hoped that, as usual, Chinese monetary loosening would lead a US recovery. Some hope. – @albertedwards99 pic.twitter.com/qVitUH1xhM — Lance Roberts (@LanceRoberts) July 20, 2023 During the 2008 Global Financial Crisis, …
by Michael Do you believe in God? If so, you belong to a portion of the population that is steadily shrinking. Yes, a majority of Americans still think that God exists, but the trend is clearly going in one direction. So are we headed down the same road that so many post-Christian nations in western …
by uslvdslv Key Takeaways: 1) Seven of the last eight recessions have started within the +/-1 Sigma birthing zone, which we just entered on July 20th, 2023. The only recession that started outside of this zone did so less than 3 months above this zone. 2) The projected start date of the next recession is …
DEI is systemic racism in its purest form and big companies are finally getting rid of it Netflix, Disney and WB have recently fired DEI execs and headhunters say demand for these senior roles is lowest in 30 years Here’s why – after SCOTUS abolished affirmative action in… pic.twitter.com/07MpaHb2bk — DC_Draino (@DC_Draino) July 21, 2023 …
“Homebuyer Debt-to-Income Ratios (DTIs) are now approaching 40% in the beginning of 2023. That means homebuyers are now spending 40% of their gross income on mortgage and interest costs. Same level as 2006.” Is another Mortgage Crisis brewing? Homebuyer Debt-to-Income Ratios (DTIs) are now approaching 40% in the beginning of 2023. That means homebuyers are …
by confoundedinterest17 No, this isn’t a John Kerry/Greta Thunberg hysterical warning about climate change. But a storm created by 1) Biden/Congress spending splurge and 2) excessive monetary stimulypto by The Federal (Feral) Reserve. Now that The Fed is withdrawing the excess stimulus, we are seeing a world of pain for commercial real estate. A financial …
by Tom McClellan Later this year, there is going to be a big liquidity problem hitting the financial markets. And if you can believe the legacy media, it is all due to climate change, since these days they think that any weather phenomenon is proof of climate change. And our story starts out in California. …
via Mike Shedlock Everything has gone right for homebuilders for a long time. How much better can things get? $SPHB S&P 500 Homebuilder Index courtesy of StockCharts.Com, annotations by Mish What Went Right? A hyperactive Fed with extremely loose monetary policy and repetitive rounds of QE until it finally ended on March 9th, 2022 the …
So if the private sector doesn't buy and the Chinese won't buy, then it's up to #Fed QE! https://t.co/6P4Ic6ilmX — CrossBorder Capital/ GLIndexes (@crossbordercap) July 20, 2023 Who Is Buying the Ballooning US Government Debt That Has Now Reached $32.5 Trillion? There’s an ever-growing concern about who will purchase the skyrocketing US government debt that …
Dumb leftists mayors started this “sanctuary city” nonsense to spite Trump back in 2017. Now it’s blowing up in their faces. Play stupid games, win stupid prizes. https://www.foxnews.com/media/nyc-mocked-discouraging-migrants-seek-asylum-no-longer-sanctuary-city.amp https://www.youtube.com/watch?v=YxzLEH2QOzM h/t EuphoricTrilby
#recession … #GFC2 US edition The similarities to 2008 keep piling up! https://t.co/aJtSdrXFJs pic.twitter.com/EL1Y1i91Cm — Invariant Perspective (@InvariantPersp1) July 20, 2023 The Leading Economic Index Declined in June for the 15th Month in a Row, Longest Down Since 2007–08 The U.S. economy, while currently still growing, shows alarming signs of a looming recession. The leading …
A mentally ill woman destroys the entire food section of the store while employees watch on helplessly as they’re unable to take action due to woke store policies and laws. "A mentally ill woman destroys the entire food section of the store while employees watch on helplessly as they’re unable to take action due to …
‘The CEO of Worldcoin has warned that a global digital ID system will be ushered in for citizens around the world whether they “like it or not.” Worldcoin has developed a system that it pitches as “the world’s largest identity and financial public network.” Worldcoin is co-founded by Sam Altman, the head of the company …
RFK JR: “A government that can censor its critics has license for every atrocity — It is the beginning of totalitarianism. There's never been a time in history when we look back, and the guys who were censoring people were the good guys.” pic.twitter.com/4jZEAAVEvn — ALX 🇺🇸 (@alx) July 20, 2023 MASSIE: “Wow, the irony …
Anyone remember LTCM? We're facing 100 LTCMs at the same time. BOJ policy divergence from the rest of the world is a disaster waiting to happen. It doesn't matter whether they "tweak" policy next week. In global RISK OFF, the hot money always comes home. pic.twitter.com/Ydk6ApLQFR — Mac10 (@SuburbanDrone) July 21, 2023 Bulls, FYI. This …
This channel documents the questionable activities of the Royal Grifters. In an effort to research more on the Heritage Foundations case regarding Harry’s visa application, the content provider found something more nefarious. Harry is merely one component. This involves the Aspen Institute, censorship, elections, Robert F Kennedy Jr., WEF, China, Congressional testimony on censorship… Harry …
WELL, THAT’S ONLY BECAUSE OUR GLOBAL RULING CLASS SUCKS PRETTY MUCH EVERYWHERE: Don Surber: Trumpism expands to Europe. “Whenever I read ‘far-right’ in the media, I remember the time John Denver went on the Tonight Show and responded to every question from Johnny Carson with ‘far out’ in the reply. Maybe journos should put the bong down.” …
by Michael If you are trying to sell your home right now, I feel so sorry for you. Thanks to the Federal Reserve, mortgage rates have risen to very alarming levels, and this has scared millions of potential homebuyers out of the market. Compared to two years ago, the average potential homebuyer is facing mortgage …
by Michael Most people that live in the western world don’t realize that global hunger has been absolutely exploding and has now become a major worldwide issue. According to the UN, 2.4 billion people do not have enough food to eat on a consistent basis, and 900 million of them are facing severe food insecurity. Unfortunately, things are about …
by Dismal-Jellyfish Borrowing from the Bank Term Funding Program is on the increase again! 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. …
By Egon von Greyerz Will the world experience a catastrophic debt implosion? Just like the Titan Submersible that recently imploded, the global debt bubble can implode “within just a fraction of a millisecond”. More later in the article. Are we now in the third circle in Dante’s Inferno? Dante describes the 9 circles of hell. The 3rd circle …
The most iconic theme park in the U.S. and the world is facing an unprecedented crisis right now. Walt Disney World typically sees millions of visitors every year, but things are remarkably different in 2023. Several reports expose that Disney theme parks are shockingly empty this summer, and there are several reasons contributing to the …
by EuphoricTrilby https://apnews.com/article/2020-class-action-settlement-george-floyd-protests-arrests-f005beed8b5666e6807f3775c0252a8a “We got to stay on the street. And we’ve got to get more active, we’ve got to get more confrontational. We’ve got to make sure that they know that we mean business.” — Maxine Waters pic.twitter.com/wQ98jn8eHC — The Rabbit Hole (@TheRabbitHole) July 20, 2023 There were over 500 riots in relation to …
Taiwan semiconductor warned that Artificial Intelligence is not as good as it sounds.https://t.co/ENHumo5m4y"TSMC's second-quarter earnings call may go down as one of the more pessimistic calls in recent history" Just another rope-a-dope. pic.twitter.com/1YtEEDD7Xc — Mac10 (@SuburbanDrone) July 20, 2023 Bulls the highest since the left shoulder over two years ago: pic.twitter.com/v0CmBacGO5 — Mac10 (@SuburbanDrone) July …