Independent thinking for complex markets and current events
Americans are increasingly turning to their credit cards to cover everyday expenses, with debt hitting a new record high at the end of June, according to a New York Federal Reserve report published Tuesday. In the three-month period from April to June, total credit card debt rose to $1.14 trillion, …
Americans who want to tap the rising equity of their homes without giving up their low mortgage rates are increasingly turning to home equity lines of credit. High borrowing costs led to fewer mortgage originations in the second quarter, according to the Federal Reserve Bank of New York’s Quarterly Report …
No discretionary cash and getting worse: “They” just admitted the financial crash is here:
President Biden says his administration is taking “another major step” in student debt handouts as the Department of Education will start emailing tens of millions of Americans informing them of potential options heading their way around the time of the presidential election. The Department of Education says “all borrowers with …
The effects of global warming continue to manifest in new and alarming ways. Shorelines are eroding and destroying homes, airline workers have been injured from exploding soda cans, and hospitals are overwhelmed with patients suffering from heat-related illnesses. And now, climate change is coming for American pantries. Indeed, one in …
https://twitter.com/MichaelAArouet/status/1818898560319914099
https://twitter.com/GayBearRes/status/1816446012275229105 Do you remember how painful the Great Recession was? 2008 and the years immediately following were definitely a very dark chapter in our history, but a new study has actually found that the percentage of Americans that worry they won’t be able to pay their bills is actually higher …
Left: TodayRight: 2007 — Don Johnson (@DonMiami3) July 24, 2024 Roughly 3 out of 5 Americans feel so. This isn’t some Jedi goddamned mind trick. Don’t piss on my back and tell me it’s raining. People are hurting. It’s noticeable. They don’t need the mainstream media telling them how they’re doing, although …
MSNBC star Joy Reid says Americans of color are ‘going to look real crazy’ and ‘weird’ if they don’t vote for Kamala Harris in November Black Americans risk being shunned by their communities if they do not fall in line and vote for Kamala Harris, Joy Reid has warned her …
by Michael Do you remember how painful the Great Recession was? 2008 and the years immediately following were definitely a very dark chapter in our history, but a new study has actually found that the percentage of Americans that worry they won’t be able to pay their bills is actually …
Kamala Harris said “every day” she has been working to "reduced heating and electricity bills so folks have more money in their pocket” When she said this – Electricity was up 11.9%– Fuel oil was up 27.7%– Natural gas was up 26.7% American won’t survive 4 more years of lies …
There is a common narrative about the state of the economy that’s often promoted by mainstream media and political figures, particularly those supporting this current administration. According to this narrative, everything is going great – the economy is booming, inflation is under control, and the labor market is thriving. However, …
High interest rates and tight budgets are making monthly bills unaffordable for a growing number of vehicle owners. Car repossessions rocketed higher in the first half of the year, a sign of rising consumer distress as the US Federal Reserve weighs interest rate cuts. So far in 2024, repos are …
The American job market, once a symbol of stability and opportunity, is in an unprecedented crisis. Millions of hard-working individuals nationwide are struggling with job losses, forcing families to struggle to make ends meet and causing economic uncertainty. This alarming trend is not an isolated incident but rather a result …
Retirement often brings to mind peaceful images of relaxation, leisure, and financial security. Many people see their retirement years as an opportunity to pursue long-held passions, spend time with family, and enjoy the rewards of their hard work. However, for millions of Americans, this optimistic view is rapidly turning into …
With China and other foreign nations buying up farmland in the U.S., Brandon Smith of Alt-Market.us discusses the harmful ramification for Americans, and the future of our economy. By Brandon Smith In the past three years China has accelerated export agreements and industrial operations in Africa, becoming the continent’s largest bilateral …
Cost of Living in the U.S.: According to a USA TODAY/Suffolk Poll, approximately 52% of Americans believe that the United States is too expensive to live in. Rising prices for essentials like food, shelter, health care, and transportation have put financial strain on many households. Gen Z and Secondhand Shopping: Gen Z …
Almost half of all Americans are still paying off debt that they accumulated last year for a summer vacation, which is alarming news considering about half expect to go into more debt this year for more vacation. It’s things like this that are making the economy look so much better …
IS THE US LABOR MARKET STRONG? Nothing could be further from the truth Number of unemployed Americans for 27 weeks & over SKYROCKETED by 36% year-over-year in June This is 6th straight month of increased Every time it jumped so much in the past, a recession in the US occurred …
The average American spends 1,460 hours a year feeling tired, according to new research. A survey of 2,000 adults looked at how they deal with their symptoms of tiredness and found that respondents feel tired four hours a day and nearly a third feel tired even more than average (31%). …
According to a recent poll conducted exclusively for Newsweek by Redfield & Wilton Strategies, 44 percent of Americans interested in taking a summer vacation this year are not doing so because of rising air travel costs. The consumer price index for airline tickets has increased by 25 percent over the last year, which is the …
Authored by Daniel Lacalle, I frequently receive comments about the strength of the United States economy and the unfairness of perceiving things as less than stellar. Is it really the “strongest economy ever”? It’s evident that it’s far from being the “strongest economy ever.” The United States unemployment rate has risen to …
2/ Picture this: The US economy is a race car, and GDP is the speedometer In calm times, the needle stays steady, hovering above 2% And when it dips, we're entering a period of economic weakness — Bravos Research (@bravosresearch) July 5, 2024 4/ During recessions, GDP declines to around …
The number of unemployed Americans is approaching 7 million#MacroEdge pic.twitter.com/0VysBJ5m6N — MacroEdge (@MacroEdgeRes) July 5, 2024 🇺🇸 US full time employment -1.551 million YoY. 𝗜𝗻 𝗿𝗲𝗰𝗲𝘀𝘀𝗶𝗼𝗻 𝘁𝗲𝗿𝗿𝗶𝘁𝗼𝗿𝘆! pic.twitter.com/KXWlzWRDoc — Alex Joosten (@joosteninvestor) July 5, 2024 US unemployment rate for June is now 4.1%, above expectations of 4% — unusual_whales (@unusual_whales) …
Even though most Americans have been struggling financially over the past few years, not everyone has been doing badly during the current economic turmoil. In fact, there are some households that are doing exceptionally well. Some articles point out that companies that cater to average Americans are doing quite poorly …
For customers, fintech promised the best of both worlds: The innovation, ease of use and fun of the newest apps combined with the safety of government-backed accounts held at real banks. The collapse of middleman Synapse has revealed fintech’s promise of safety as a mirage. More than 100,000 Americans with …
🚨🇺🇸BIDEN: AMERICANS WHO DENY CLIMATE CHANGE ARE REALLY DUMB “I quite frankly think it's not only outrageous, but it's also really stupid. Everyone who willfully denies the impacts of climate change is condemning the American people to a dangerous future. They are either… pic.twitter.com/NEFrcoc9sH — Mario Nawfal (@MarioNawfal) July 2, …
And once again, another retail company signals consumer spending is stalling quickly. $NKE falls over 12% (huge move for that stock) in after-hours on lower forecast. The economy is in trouble. Will take time to develope but it is coming. — Gareth Soloway (@GarethSoloway) June 28, 2024 Top two stories …
According to a 2023 survey by the Insurance Information Institute and Munich Re, 12% of homeowners in the US do not have home insurance, which is an increase from 5% in 2019. Notably, around 50% of those surveyed had annual incomes under $40,000. Many people are foregoing homeowner insurance due to high living costs, rising rates, and inflation. The higher premiums are putting a strain on …
Indeed, according to a recent survey by Empower, over 90% of Americans are planning domestic travel in 2024, with an average expected spending of $1,163 per trip. Additionally, approximately 37% of travelers are planning international trips, budgeting an average of $2,904 for each adventure. Over 90% are planning domestic travel this …