Independent thinking for complex markets and current events
In a regulatory whirlwind, Republic First Bancorp faces a transformative shift under Fulton Bank’s wings. Key points: Republic First Bancorp seized by regulators, sold to Fulton Bank. Philadelphia-based bank’s funding talks abandoned, seized by Pennsylvania regulators. Fulton Bank assumes deposits, purchases assets to safeguard depositors. Republic Bank had $6 billion in assets, $4 billion in …
Florida’s housing market is facing a storm as price cuts hit record levels, signaling potential price drops and posing challenges for both buyers and sellers alike. Key Points: Price cuts in Florida have surged to their highest level since the Global Financial Crisis (GFC). In March 2024, 30.1% of all house listings in Florida experienced …
New Orleans NYC: Brooklyn and the Bronx AC
US debt interest to surpass Social Security, hitting $1.6 trillion by 2024. With rate cuts off the table, it’s imperative to reduce government spending. The average interest rate on all debt held by the public was 2.5% in 2023. The low end of the US Treasury yield curve is now the 10-year, which is yielding …
by Michael Is it just a coincidence that “blood moon eclipses” are occurring on Purim for three years in a row just as a great war erupts in the Middle East? Yesterday, one of my readers wrote to me and pointed out a video where someone was talking about this. I had previously written about the “blood …
The new regulation in Canada removes any legal requirement for continuing care operators to provide a minimum number of hours of nursing care to residents. This means that there is no longer a standard set for the amount of care residents must receive in these facilities. As a result, there is a risk that residents …
The used car market is in a curious state as prices have continued to fall precipitously in the early part of 2024, but they have yet to reach pre-pandemic levels due to higher-than-usual demand. Data from the first 15 days of February indicates a substantial decline in prices for wholesale used vehicles, accounting for variations …
Voting has begun in Russia’s presidential election, which is all but certain to hand Vladimir Putin another six years in power. Ballots will be cast over three days, even though the result is not in doubt as he has no credible opponent. Polling stations opened in the Kamchatka Peninsula, Russia’s easternmost region, at 08:00 local …
Clear insider trading but I guess it’s legal for congress @GaiminIo — Stephan (@GoalsOfStephan) March 13, 2024 US Justice Department is investigating Boeing over its door plug blowout 3 minute read Updated 9:53 AM EST, Thu February 29, 2024 Washington DC CNN — Boeing faces yet another federal probe over its 737 Max door plug …
The 2023-2024 norovirus season is well underway in the United States. Cases of the highly contagious stomach bug, which causes diarrhea and vomiting, are climbing steadily across the country. Although it’s commonly called the “stomach flu,” norovirus is not actually related to the flu, which is caused by influenza viruses. Norovirus is a leading cause …
https://tradingeconomics.com/united-states/durable-goods-orders Signs that the economy is slowing down. Fed plan is working, now they have to thread the needle on when to start lowering rates to balance out inflation. h/t Aegidius25
Want to fix America? Here’s a good starting idea. h/t theSilverVigilante
Trump has said he would fire Federal Reserve Chairman Jerome Powell if elected in 2024. pic.twitter.com/JfE8q2wik3 — Sprinter Press (@SprinterPress) February 2, 2024
President Biden faces a challenging road to re-election as a sharp increase in fuel prices could potentially sway the outcome, according to an analysis from Moody’s Analytics. Initially predicted to win the 2024 election by a narrow margin, recent indicators are now working against Biden. Rising fuel prices could cost Biden re-election – The Hill …
Amid the wait for an appeals court ruling on Trump’s claim of “Presidential immunity” and other potential delays…. the Washington D.C. federal court no longer lists USA v. Donald Trump criminal trial on its calendar for March 4, 2024 Amid the wait for an appeals court ruling on Trump's claim of "Presidential immunity" and other …
Hmmm….🤔 H.B. 6981, or the “Preventing Private Paramilitary Activity Act of 2024,” was introduced on January 11 and the main body of the bill seeks to prohibit private paramilitary organizations from: 1“Publically patrol, drill, or engage in techniques capable of causing… pic.twitter.com/klogeuGjVE — Champagne Joshi (@JoshWalkos) January 31, 2024 Tweet reads: Hmmm… H.B. 6981, or …
View post on imgur.com A small unincorporated community in northern New Hampshire was the only region of the Granite State to cast ballots during a midnight voting tradition for Tuesday’s primary and all six registered voters voted for former U.S. Ambassador to the U.N. Nikki Haley. The six Dixville Notch voters cast their ballots after …
NEW YORK, Jan 17 (Reuters Breakingviews) -If the $690 billion Tesla TSLA.O faces an unravelling, Twitter might have gotten the ball rolling. Boss Elon Musk wants 25% voting control of the carmaker, after selling down shares to help finance a 2022 deal for the social-media company now known as X. His online foray risked making him an absentee CEO; increasing …
Will House Republicans reach an agreement? It’s not clear that some of the most conservative lawmakers in Congress will support the latest push to avoid a government shutdown. A handshake deal between Johnson and Schumer announced this month, which largely resembled the agreement former House Speaker Kevin McCarthy, R-Calif., and Biden struck last summer in …
This WEF article provides an helpful overview of the report, and the key topics that will be addressed in Davos.https://t.co/ZeqAbmMbtV It is under the guise of these "risks" that they will be offering "solutions". pic.twitter.com/RnvW7WPquD — Noor Bin Ladin (@NoorBinLadin) January 11, 2024
Diversity is making our military weaker and our country less safe. No one wants to put their life on the line so that a man who thinks he’s a woman can wear a dress in the military. The same thing is happening with our police. NYPD is the smallest it’s been since the mid-90s. — …
by Chris Black A computer from 1998 has enough power to complete the productivity tasks for 90% of office work. Twenty years of bloat and shoddy programming has turned sleek operating systems into resource gobbling garbage. Everyone thought Windows XP was crap when it came out because of the system requirements. XP is like an …
A reminder that an unprecedented $8.2T of Treasuries will be maturing in 2024. More importantly: If yields continue to fall, given the recent criticism for not issuing enough long-term Treasuries at historically low interest rates, Janet Yellen might face significant political… pic.twitter.com/eudnTHfYTi — Otavio (Tavi) Costa (@TaviCosta) December 31, 2023 Currencies are the heartbeat of …
BREAKING: A fire is spreading in a district packed with restaurants in city of Kitakyushu, Fukuoka prefecture of Japan, prompting 20 firetrucks to scramble to the scene pic.twitter.com/117iC0FXx5 — Insider Paper (@TheInsiderPaper) January 3, 2024
Authored by Charles Hugh-Smith via oftwominds, Are the crowds ready for the curtain of Fed omnipotence to be pulled aside? What will push markets ever higher if the Fed’s alchemy fails? For 15 long years, the Federal Reserve has conjured an economy and financial system without crisis or lengthy recession (setting aside that spot of bother …
Asian “COW KILLING ” Tick Reportedly Spreading Throughout The United States An invasive species of tick from Asia has been spotted in the United States, and it is spreading rapidly. According to the USDA, the Asian longhorned tick has spread to 19 US states since 2017. Known as the “cow-killing tick,” this species reproduces very …
The volatility index, $VIX, surged 14% today, marking its most significant daily jump since October 13th. This unsettling start comes as oil prices soar, the 10-year note yield approaches 4%, and the Dow experiences a 200+ point drop. Interest rate cut futures, indicating market expectations, have slightly retreated, but still project six cuts in 2024. …
Insolvency experts predict a surge in business failures in 2024, citing high borrowing costs and economic challenges, especially impacting tech, construction, and retail. via Yahoo: “More big firms are likely to go bust next year amid the “double whammy” of high borrowing costs and pressure on consumer budgets, according to insolvency experts. Administrators and restructuring …
