Markets
Real-time market analysis with charts, signals, and coverage of key financial and geopolitical developments.
Jeffrey P. Snider: Banks around the world are preparing for something.
Over the last several weeks there have been concerning developments across the global banking system. Overseas data point to serious enough trouble it is causing foreign official institutions to take evasive actions. But it isn’t just offshore banks; data for domestic US banks shows correlated behavior. What’s behind this sudden global liquidity hoarding? Banks around …
The Fed lost $120 billion since 2022; it’ll take about four years to bounce back before sending profits to the Treasury
The Fed is losing money, currently $120 billion since 2022. They can't send profits to the US Treasury until they earn those losses back. The last line is hilarious.🤣 "The Fed has stressed that losing money in no way impacts its ability to operate and conduct monetary policy." https://t.co/FlNjxjGBNL — Wall Street Mav (@WallStreetMav) November …
The Cybertruck’s success? It’s just because it’s different—people love standing out.
The Cybertruck’s anticipated success isn’t about being a flawless Tesla or a top-notch EV; it’s about its inherent difference. Despite potential drawbacks as a first-gen product, the appeal lies in people’s desire for rebellion and non-conformity, tapping into primal human psychology. It's more than just buying a product that's different It's about rebelling It's about …
President Trump Says He Will Try to Replace ‘Obamacare’
via fox32chicago: Former President Donald Trump threatened over the weekend to reopen the contentious fight over the Affordable Care Act after failing to repeal it while in the White House, saying he is “seriously looking at alternatives” if he wins a second term. Trump’s comments drew rebuke from Democratic President Joe Biden ‘s campaign, which …
UK Detects First Human Case of H1N2, Scrambles to Find Contacts of Person Infected
BREAKING: Britain’s First Human Case of Swine Flu Strain H1N2 Has Been Detected – UK Health Security Agency. Here we go again🐷 pic.twitter.com/1Uzvc5IZCX — Dr. Anastasia Maria Loupis (@DrLoupis) November 27, 2023 Per The Guardian: Health officials are scrambling to trace contacts of a person infected with a new form of swine flu, after the …
Sound familiar to 2008?: “changes in the 90s enhanced asset securitization, shifting the prevalent mode of financial intermediation from a bank-centric model of taking deposits & issuing loans (holding them to maturity) to a new model where loans were packaged into securities & sold to investors.”
by Dismal-Jellyfish Source: https://libertystreeteconomics.newyorkfed.org/2023/11/the-nonbank-shadow-of-banks/ TLDRS: Fed paper: The evolution of banks and nonbanks is closely linked, particularly since the 1990s. In the 1990s, financial ‘innovation’ and regulatory changes boosted asset securitization. This shifted financial intermediation from a traditional bank-centric model (taking deposits, issuing loans, and holding them to maturity) to a new model where loans were …
The Federal Reserve has confirmed that zero reserve requirements for depository institutions will persist through 2024.
The Federal Reserve Board today announced technical details related to reserve requirements for depository institutions, which will remain zero… Reserve requirements for depository institutions Source: https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20231127a1.pdf Wut Mean?: The Federal Reserve Board announced that the reserve requirements for depository institutions will remain at zero. However, as legally required, it provided annual adjustments to the reserve …
Free, sovereign nations must never yield independence to distant authorities detached from citizens’ wills.
In a significant move, the European Parliament has voted in favor of the Migration Pact, a decision that diminishes the sovereignty of individual countries. This grants the EU Commission the power to enforce “mandatory migrant relocation quotas” per country, a development that raises concerns about the erosion of national independence and decision-making aligned with citizens’ …
S&P 7 up 80%, overshadowing modest 4% gain in S&P 493. They have essentially become the entire market.
In a notable divergence, the S&P 7, encompassing major tech stocks, surges an impressive 80% in 2023, eclipsing the modest 4% gain in the S&P 493. You can't make this up: The S&P 7, also known as the 7 largest tech stocks in the S&P 500, is up a massive 80% in 2023. Meanwhile, the …
Is the DNC getting ready to dump Biden?
via USATODAY: Perhaps nothing illustrates Joe Biden’s presidency better than a photo his team posted to celebrate his 81st birthday on Monday. Biden is shown gripping the sides of the table, while a mass of candles (presumably 81 of them) rages on the cake in front of him. It’s symbolic of how he’s clinging …
With Money We Don’t Have, Bribery Biden Pushes $106 Billion Aid Package for Ukraine, Israel, Taiwan
via slaynews: Democrat President Joe Biden and his administration are pushing for billions of dollars in taxpayer money to fund an aid package for three foreign nations. Biden and Senate Majority Leader Chuck Schumer (D-NY) are trying to get the funding for Ukraine, Israel, and Taiwan approved by Congress during the first week of December. …
RNC Sees Donations Hit 8-Year Low Under Feckless Chairwoman Ronna McDaniel
via Breitbart: Donations to the Republican National Committee (RNC) have hit an eight-year low, sources told the Washington Post on Monday. The diminished donations raise concerns about whether or not RNC leadership is properly aligned with the party’s grassroots to counter an unpopular Democrat president seeking reelection. Ten people familiar with the matter told the …
Israel Killing Gaza Civilians At Historic Pace, While Using US-Provided Bombs: NYT
Authored by Dave DeCamp via AntiWar.com, The New York Times reported Saturday that Israel is killing Palestinian civilians in Gaza at a historic pace. The huge civilian death toll in Gaza is explained by the scale of the bombing campaign and Israel’s willingness to drop US-provided 2,000-pound bombs on densely populated areas that are packed with civilians. Marc Garlasco, …
Advanced math students take Algebra in 7th grade in Indiana. It’s not even allowed until 9th grade in San Fran. Algebra is now on the ballot in San Francisco.
via sfexaminer: The San Francisco Unified School District will reexamine its math curriculum following a near decadelong outcry from parents who have been incensed that the district stripped algebra from middle school curriculum. Now, voters will get to weigh in on whether algebra should be offered in eighth grade. A March 2024 ballot initiative was …
The armed robber’s family is upset because the store clerk was armed too.
We no longer live in the real world! We glorify crime and demonize the victim!! — SamJ❤️🇺🇸💙 (@SamJuneau) November 27, 2023
Snow snags Moscow delivery robots, but people come to the rescue.
https://twitter.com/MoronicHeadline/status/1729162178664726728
NY retailers lost $4.4 billion due to organized shoplifting rings in 2022: group
Retailers across New York state say there’s no end in sight to the rising epidemic of organized shoplifting rings — and warn it could lead to more store closures, increased costs for consumers and threats of violence against store employees. Store owners said they lost $4.4 billion last year as a result of retail theft …
Healthcare in America… $1,800 for 5 stiches AFTER insurance
Healthcare in America … $1,800 for 5 stiches AFTER insurance. This is crazy. Ridiculous. Why even pay for insurance when it doesn't cover anything? pic.twitter.com/DbNcnL5Jjd — Wall Street Mav (@WallStreetMav) November 25, 2023 80% of American households are in a worse financial position now than they were before the covid pandemic hit, per YahooFinance. https://twitter.com/1200616796295847936/status/1729145803871297664
The Russia-Ukraine War Is Just About Over
by Peter van Buren The handwriting was on the wall. An Op-Ed in the New York Times entitled “I’m a Ukrainian, and I Refuse to Compete for Your Attention” summed things up nicely: a media junket the author’s friend had been organizing to Ukraine was canceled. The TV crew instead left for the Middle East. The United States controls …
How Deficits Cause Hyperinflation
via moneymetals: Last week marked the 100 year anniversary of the end of the Weimar inflation in Germany. In last week’s newsletter I wrote about my base case for the next couple years, which is that we’re repeating the 1970’s stagflation under Jimmy Carter. This week I want to talk about one of the worst case scenarios, …
Irish Green Party Sen. Pauline O’Reilly boasts, “We are restricting freedom, but we are doing it for the common good:”
via FOXNEWS: Irish Green Party Sen. Pauline O’Reilly defended a controversial bill that could jail citizens for merely possessing material that criticizes gender identity. The Irish Criminal Justice Bill purportedly targets “hate speech,” but some critics have compared it to the concept of punishing people for “thought crime,” a term popularized by George Orwell’s dystopian novel “1984.” …
Coming Soon: Your Travel Will Be Restricted By Personal Carbon Allowances, your standard of living be reduced by over 85%
“Experts suggest” your standard of living be reduced by over 85% A report on the future of travel and tourism, co-authored by a travel agency called Intrepid Travel and The Future Labs Institute, posits a future deeply impacted by climate change and restrictions on tourist travel to combat it. “A Sustainable Future for Travel”, warns …
Former Trump Lawyer Jenna Ellis Calls Roger Stone’s Loyalty to Trump “Disgusting”
“Loyalty” is more important than morals. Disgusting. https://t.co/U7I3N4ZqSH — Jenna Ellis 🐊 (@realJennaEllis) November 27, 2023 Annnnnddd like clockwork, I have been proven right once again. The left is now bragging online about how the donations sent to Grifter Jenna Ellis’s “legal defense fund” will be used to attack President Trump. Video of her sworn …
Disney admits wokeness is hurting them in SEC filing
In its annual SEC report, Disney acknowledges that “we face risks relating to misalignment with public and consumer tastes and preferences for entertainment, travel and consumer products.” In an implied nod to Smith, the company observes that “the success of our businesses depends on our ability to consistently create compelling content,” and that “Generally, our …
The Biden Administration Is Scheming To Take Your Kids Away
Democrats have been suggesting taking children away from ‘non-affirming’ parents for years now, but Biden’s HHS is getting the ball rolling As Americans celebrate the holidays with their families, the Biden administration is laying the groundwork to destroy families by taking children away from their parents in order to sterilize and sexually mutilate them. The …
If You’re Going to Try and Steal a Car, Make Sure the Victim Isn’t a UFC Champion [VIDEO]
THOUGHT ‘HE WAS TRYING TO BREAK IN’: SEAN STRICKLAND CONFRONTS ‘DRUNK’ GUY OUTSIDE HIS HOUSE https://trendingviews.com/videos/2767/sean-strickland-ring-cam-video/
Stocks are outperforming corporate bonds by the largest margin since the peak of the Dotcom Bubble
This probably comes down over the next few years. No guarantee, but rates are likely coming down somewhat in the next couple years. Bonds may do well over the next five years. h/t HighYieldLarry