Banks are back at the lows of 2023. Four major banks experience alarming stock collapses.

Banks are back at the lows of 2023, because manipulated earnings expectations are better than feared. pic.twitter.com/jdnDR9xHUv — Mac10 (@SuburbanDrone) October 24, 2023 https://twitter.com/1CoastalJournal/status/1716947500324823156 🚨Barclays -6.79%PacWest Bancorp -8.90%Banc of California -6.30% https://t.co/vlJ29i67SX — Financelot (@FinanceLancelot) October 24, 2023 #recession … …

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September 2023 marks the least affordable month for U.S. housing this century, surpassing the record set just a month prior in August 2023.

This century meaning since 2000. The early 80s were, according to most housing affordability metrics, worse than this. — Lance Lambert (@NewsLambert) September 27, 2023 Homes ‘unaffordable’ in 99% of nation for average American… The typical American cannot afford to …

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Fed’s Beige Book August 2023: “Some Districts highlighted reports suggesting consumers may have exhausted their savings and are relying more on borrowing to support spending.” “Many contacts suggested “the second half of the year will be different” when describing wage growth. Ruh-roh…

by Dismal-Jellyfish https://www.federalreserve.gov/monetarypolicy/files/BeigeBook_20230906.pdf This report was prepared at the Federal Reserve Bank of Kansas City based on information collected on or before August 28, 2023. Highlights: “Some Districts highlighted reports suggesting consumers may have exhausted their savings and are relying …

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Minutes of the Federal Open Market Committee, July 25-26, 2023: “Various participants commented on risks that could affect some banks, including unrealized losses on assets resulting from rising interest rates, significant reliance on uninsured deposits, and increased funding costs.”

by Dismal-Jellyfish Source: https://www.federalreserve.gov/monetarypolicy/fomcminutes20230726.htm Developments in Financial Markets and Open Market Operations: The manager turned first to a review of developments in financial markets over the intermeeting period. Market participants interpreted data releases as generally demonstrating economic resilience and a further …

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Interest On US Debt Of $32.6 Trillions Reaches $970 Billions Annually In Q2 2023. Current Deficit Running At $1.39 Trillions In June 2023. Fed Is Operating At A Loss Of $82.683 Billions

by Hephaestus4 Almost $1 trillion in interest payments now, compared to $1 trillion in debt from 1783 to 1981. US INTEREST TO SERVICE NATIONAL DEBT APPROACHES $1T * pic.twitter.com/EMFEWoCAw9 — The_Real_Fly (@The_Real_Fly) July 28, 2023 The fiscal deficit in the …

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Federal Reserve Alert! Beige Book July 12, 2023: “many contacts reported an inability to fully pass on increased costs to consumers, which has compressed margins.” Is the ‘Greedflation’ Peak in Sight?

by Dismal-Jellyfish https://www.federalreserve.gov/monetarypolicy/beigebook202307.htm Overall Economic Activity Overall economic activity increased slightly since late May. Five Districts reported slight or modest growth, five noted no change, and two reported slight and modest declines. Reports on consumer spending were mixed; growth was generally …

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