Banks tighten lending standards amid rising rates, potential economic slowdown. Global yield curves invert, highest 2-year rates since 1992.

by BoatSurfer600 As rates rise and the economy slows, banks tighten their credit lending standards out of fear of higher loan losses. If the credit to the economy dries up more than anticipated, then the slowdown might accelerate. A credit-starved economy is no bueno Source: Sagar Singh Yield curves around the world are inverting the …

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Subway Reports Biggest Store Shutdowns In Two Decades As Fast Food Chains Collapse All Around Us

https://www.youtube.com/watch?v=qXvuWKPixeM Subway is now shuttering a huge number of stores, and new reports reveal that the mass closures have just brought the chain to its smallest size in almost two decades. The company has been struggling financially for years, and right now executives are trying to sell the decaying franchise to the highest bidder. The …

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Borrowing from the Bank Term Funding Program hit a new all time high this week at $102.735 billion!

Bank Term Funding Program (BTFP): https://fred.stlouisfed.org/series/H41RESPPALDKNWW Tool Bank Term Funding Program (BTFP) Up from 3/15, 1st week of program ($ billion) 3/15 $11.943 billion $0 billion 3/22 $53.669 billion $41.723 billion 3/29 $64.403 billion $52.460 billion 3/31 $64.595 billion $52.652 billion 4/5 $79.021 billion $67.258 billion 4/12 $71.837 billion $59.894 billion 4/19 $73.982 billion $62.039 …

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Ooop! JPMorgan “accidentally” deletes millions of Jeffrey Epstein and market manipulation emails.

by EuphoricTrilby There’s a very good chance that the cost of the fine is way less than the fallout of these emails actually getting out. Oh well, it was just an accident. https://twitter.com/wallstreetsilv/status/1671927820484747264?s=46&t=T37mFTn9E_HUaxN1rB76Hw ​ https://www.sec.gov/litigation/admin/2023/34-97787.pdf These proceedings arise out of the deletion by JPMorgan of approximately 47 million electronic communications in about 8,700 electronic mailboxes …

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Survey shows hedge funds tightening nonprice terms due to liquidity issues.

by Dismal-Jellyfish Source: https://www.federalreserve.gov/data/files/scoos_202306.pdf Summary The June 2023 Senior Credit Officer Opinion Survey on Dealer Financing Terms (SCOOS) collected qualitative information on changes in credit terms and conditions in securities financing and over-the-counter (OTC) derivatives. In addition to the core questions, the survey included a set of special questions about the funding of clients engaged in …

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Interest-Rate Pain: Expiring fixed-rate mortgages cause difficulties, potentially forcing home sales. More Americans are getting auto loans that exceed the worth of their cars

by BoatSurfer600 Borrowers with expiring fixed-rate or tracker mortgages face difficulties, with some saying they will be forced to sell their homes via theguardian For Steven, a media consultant from Guildford, and his wife, the remortgaging nightmare is only beginning. “People like me can’t sleep at night – it’s horrendous,” he says. “The mortgage for …

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Hunter Biden investigation uncovers evidence suggesting Biden may resign. House passes Joe Biden impeachment resolution, moves to Judiciary and Homeland Security committees.

BREAKING.🚨🚨 New smoking gun evidence uncovered in the Hunter Biden investigation now have many believing Joe Biden may ultimately be forced to resign.https://t.co/nun4zAfB7Z — Kyle Becker (@kylenabecker) June 22, 2023 New evidence has surfaced showing that Hunter Biden sought to fulfill a deal with a Chinese national in 2017 where he said he was “sitting …

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Corporate media narrative dropped: everything is fine.

The gaslightning from the corporate media never ends… Source without paywall:https://t.co/yqBHDKWchX — Wall Street Mav (@WallStreetMav) June 21, 2023 They finally turned this into a real headline pic.twitter.com/F3Inpew00F — Joe Genius (@BigJoeGenius) June 21, 2023 Free money to …. 🔻 The monthly mortgage payment for a new average loan size has doubled to almost $3,000 …

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2023’s most crowded trade is about to collapse…

Bulls, I will be the first and last to tell you that the most crowded trade of 2023 is about to implode. pic.twitter.com/yDHZnydSK4 — Mac10 (@SuburbanDrone) June 21, 2023 Markets have become complacent… pic.twitter.com/lORJSiazV5 — Longview Economics (@Lvieweconomics) June 12, 2023 Bulls, having your head up your own ass is not a "Black Swan" event. …

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The Father of the Father/ Son duo trapped on the Lost Submarine visiting Titanic – linked to Prince Charles, SETI , Food & Energy

Engro Corporation Ltd Is he though? pic.twitter.com/2kVQM88IpA — RobCarson (@Rob__Carson) June 22, 2023 https://www.weforum.org/people/shahzada-dawood Shahzada’s Dawood joined the Board of Engro Corporation in 2003 and currently serves as the Vice-Chairman. He has over two decades of experience in corporate governance and the transformation of industries, including growth and innovation opportunities through mergers and acquisitions of …

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Inflation Alert! Bank of England (50 basis points), Norway Central Bank (50 basis points), Swiss National Bank (25 basis points) all raise interest rates to combat inflation. Remember, JPow told Congress yesterday rate hikes needed here but the Fed is not acting while other central banks are.

by Dismal-Jellyfish Norway: https://www.norges-bank.no/en/topics/Monetary-policy/Monetary-policy-meetings/2023/june-2023/ Policy rate raised to 3.75 percent Norges Bank’s Monetary Policy and Financial Stability Committee decided to raise the policy rate by 0.50 percentage point to 3.75 percent. The Committee’s current assessment of the outlook and balance of risks implies that the policy rate will most likely be raised further in August. Inflation …

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Joe Biden is the worst president in US history, leading to a self-destructive path and loss of faith in the federal government.

by Michael The verdict is in.  Joe Biden is the worst president in the entire history of the United States, and that is really saying something because we have had some absolutely horrible presidents.  Just about everything that Biden has done since he entered the White House has turned out badly, and our once great …

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Biden’s Mortgage Market! Mortgage Demand Down -35% Under Biden, Refi Demand Down -90%, Mortgage Rates Up 128% (Renter’s Misery Index Now 11.75% Versus 6.78 Pre-Covid Under Trump)

by confoundedinterest17 The good news? Mortgage purchase demand fell only -0.05% from last week. The bad news? Mortgage purchase demand is down -35% since Resident Biden was sworn in. And mortgage refinancing demand is down a whopping -90%. Reason? Mortgage rates are up 128% under Clueless Joe. Mortgage applications increased 0.5 percent from one week …

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SEC charges Marcum LLP with quality control failures and audit standard violations in SPAC clients since 2020, resulting in a $10 million penalty.

by Dismal-Jellyfish Source: https://www.sec.gov/litigation/admin/2023/34-97773.pdf TLDRS: In 2020/2021 there were 860 SPAC IPOs. Over 400 of these audited by Marcum. The SEC has charged audit firm Marcum LLP with significant quality control failures and audit standard violations in audits of hundreds of SPAC clients since 2020. This misconduct resulted from Marcum tripling its public company clients, mainly …

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Fear & Greed Indicators Signal Extreme Greed Across Market Momentum, Stock Price Strength, and More

  7 Fear & Greed Indicators:* Market Momentum (Extreme Greed)* Stock Price Strength (Extreme Greed)* Stock Price Breadth (Extreme Greed)* Put & Call Options (Extreme Greed)* Market Volatility (Neutral)* Safe Haven Demand (Extreme Greed)* Junk Bond Demand (Greed) https://t.co/AR5REZUTVo pic.twitter.com/3C8MbfJiQI — Barchart (@Barchart) June 21, 2023 For the first time, (1) the S&P 500 earnings …

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The levels that people go to to defend this corrupt family is beyond belief…. Tulsi Gabbard nails it: “Every banana republic or dictatorship has a two-tiered justice system.This is the sad state of affairs in America today.”

by Penny1974 Do you honestly think Hunter’s case was handled the same as if it were you or me? Do you honestly believe there weren’t backroom talks with the prosecutor to plea down the charges? “Trumps” prosecutor, like everyone hired under the Trump administration is taking orders directly from him? JUST IN: Biden BUSTED meeting …

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From SEC staff Memorandum: Figures 9B and 10B display daily counts of gross positions that surpass 7% and 10% of a U.S. listed security’s market cap, respectively. A single participant can hold multiple large positions, hence the count can exceed the total number of market participants…

by Dismal-Jellyfish Source: Memorandum from the Division of Economic and Risk Analysis My understanding is figures 9 and 10 outline the daily market participants’ gross positions in securities exceeding 7% and 10% of the security’s market capitalization. On average, 65 participants exceed the 7% threshold daily, and 46 exceed the 10% threshold. The highest recorded numbers …

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Charles Hugh-Smith: How Did Someone Like Me Get Shadow-Banned?

by Charles Hugh-Smith How did someone like me get shadow-banned? There is no way to know, and that’s a problem for our society and our ability to solve the polycrisis we now face. It seems there are many reasons to get shadow-banned, but unfortunately we’re never told what “crime” we committed nor are we given …

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Amazon CEO warns about perfect storm – The retail landscape is expected to change significantly, with some major retailers facing lagging sales and changing consumer habits.

https://www.youtube.com/watch?v=u9TBs8-ddmc The nightmare in the retail sector never seems to end, and now Amazon, the second largest online and physical retailer in the world, is giving up on its brick-and-mortar operations, according to a new report and warnings issued by the company’s CEO Andy Jassy. Its stores continue to disappear amid the most dramatic shift …

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O’Keefe Drops Biggest Story Yet: BlackRock Recruiter Spills Info on Company’s World Impact – “You Got $10K? You Can Buy a Senator… ‘War Is Good for Business’

BREAKING: @BlackRock Recruiter Who “Decides People’s Fate” Spills Info on Company’s World Impact “It’s not who the president is- it’s who’s controlling the wallet of the president” “You got $10K? You can buy a senator" “War is real f***ing good for business” #BlackRockExposed pic.twitter.com/DZIy1DuZKF — James O'Keefe (@JamesOKeefeIII) June 20, 2023 James O’Keefe and O’Keefe …

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Average monthly rent, credit card, car payments exceed $3,225 per person.

BREAKING: Median asking rent for a US home rises 1.4% in May to $1,995/month. Meanwhile, the average new car payment is now $800/month. On top of this, the average American is paying $430/month in credit card debt. This means the average person is now paying $3,225/month for… — The Kobeissi Letter (@KobeissiLetter) June 12, 2023 …

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Kevin McCarth: If you’re Biden’s leading political opponent, the DOJ will try to put you in prison. If you’re Biden’s son, the DOJ will give you a sweetheart deal.

If you're Biden's leading political opponent, the DOJ will try to put you in prison. If you're Biden's son, the DOJ will give you a sweetheart deal. pic.twitter.com/7z6l13shG8 — Kevin McCarthy (@SpeakerMcCarthy) June 20, 2023 President Biden’s son, Hunter Biden, is expected to plead guilty to federal tax crimes (not paying taxes) and illegally possessing …

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Michal Stupavsky: ‘Buying NVIDIA shares today costs you 40 times historical annual revenues. That’s 40 years to get your money back, assuming $0 cost, 0% tax and a 100% payout ratio.’

Buying NVIDIA shares today costs you 40 times historical annual revenues. That's 40 years to get your money back, assuming $0 cost, 0% tax and a 100% payout ratio. Good luck! pic.twitter.com/tYUZc3Ito8 — Michal Stupavsky, CFA (@MichalStupavsky) June 20, 2023 Due to the fact that sell-side analysts' forward estimates are usually on the margin too …

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US Housing Starts Surge Most Since 2016, Exceed All Estimates (The Pause That Refreshes As Fed Dot Plots Suggest Return Of Zorp [Zero Outrageous Rate Policies!)

by confoundedinterest17 Well, not really unexpected since the housing sentiment index for home builders was above 50 yesterday. But with The Fed pausing rate hikes, housing starts are soaring! US housing starts unexpectedly surged in May by the most since 2016 and applications to build increased, suggesting residential construction is on track to help fuel …

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