Independent thinking for complex markets and current events
via CNBC: Americans now owe $1.08 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances spiked by $154 billion year over year, notching the largest increase since 1999, the New York Fed found. “Credit card balances experienced a large jump …
Maybe we could all learn something from the Amish… pic.twitter.com/1UQ20YzLIs — Marc 🇺🇸 (@gopher_marc) December 1, 2023
⚡️BREAKING: Ansarullah Yemen seized another ship A tanker linked to anIsrael-affiliated companyCentral Park Vessel has been boarded off the coast of Yemen The US Navy ordered the tanker to ignore Ansarullah messages, but the Yemenis forced the vessel to set course for Yemen pic.twitter.com/d8ZfN2OhGW — Iran Observer (@IranObserver0) November 26, 2023 UKMTO WARNING 003/NOV/2023 IRREGULAR …
Mr. Speaker We hired you to make spending cuts, not make Chuck Schumer “pleased” https://t.co/qQ3LeeQyJu — DC_Draino (@DC_Draino) November 13, 2023
Restaurants operate on razor-thin margins, so small changes in their operating environments can leave them vulnerable to dipping from profit to loss. In the current economic climate, a number of things that put restaurant chains at risk have gone wrong. First, supply-chain issues have driven prices higher and made some products hard to obtain. On a …
After more than 100 years, Master Lock’s iconic factory in Milwaukee is shutting its doors in March 2024. The closure will result in 400 lost jobs, and also mark the end of a former industrial region of the city that once housed some 50 plants. The Real News, In These Times, and Workday Magazine speak …
Charles Schwab is announcing that in addition to layoffs they are now shutting down their largest office in San Francisco at 100 Post Street. When I moved to San Francisco in the 1990s Schwab was a powerhouse. They occupied the entire building at the corner of Montgomery and… pic.twitter.com/rfcoVgJqly — Thomas Hawk (@thomashawk) November 5, …
via 100percentfedup: Another bank has just failed. This marks the 6th bank this year to fail in the United States, but I’m sure the system is “just fine”. https://twitter.com/ReadyAlerts/status/1720569519532614061 They sure do love making these announcements late on a Friday: NEW: Bank failure Fridays are back! 😮 Citizens Bank in Sac City, Iowa, was shuttered …
Democrat Rep. Ted Lieu: "When Democrats were in control, we put people over politics!" Actually, they raised taxes, hired 87,000 new IRS agents, pushed "green" mandates, worsened inflation, added to the deficit, blocked American energy, and ignored the border crisis. pic.twitter.com/PNRIDvuRlN — RNC Research (@RNCResearch) November 2, 2023 Even worse than violating immigration law, the …
by confoundedinterest17 Appartently, Joe Biden and fellow big spenders in Washington DC, Mordor on The Potomac, don’t care about fiscal discipline. With seemingly endless spending of wars (Ukraine, Israel, Taiwan and the invasion at our southern border, and inane “green” spending, Janet Yellen and the US Treasury will be auctioning off $776 billion of debt in the …
Biden FAA Pushing Diversity Hiring As Air Traffic Control System Falls Into Total Disarray President Joe Biden’s Federal Aviation Administration (FAA) is striving to enlist a diverse workforce through targeting certain demographics even as its air traffic control system is facing shortages and safety challenges. The FAA has several diversity hiring initiatives, including for black …
by Chris Black All it took was 2 weeks worth of Muslim immigrants protesting in America for people like David Leonhardt to start publishing anti-immigration articles saying the 1965 Hart-Cellar immigration act was a huge mistake. Six months ago no mainstream media outlet would EVER publish this sort of thing, and you’d be summarily canceled …
Question: “Can America afford another war at this time?” Yellen: “I think the answer is absolutely… The American economy is doing extremely well.” pic.twitter.com/wQkaem597d — unusual_whales (@unusual_whales) October 22, 2023 "Get in, loser. We're starting world war 3" 🔥🔥🔥 pic.twitter.com/vt0pEoPnhd — Wall Street Mav (@WallStreetMav) October 22, 2023
"Subprime is contained" pic.twitter.com/P6zBYmsXIC — Don Johnson (@DonMiami3) October 21, 2023 Any bank that writes a lot of residential mortgages is cutting people. The refi business is in a coma and sales volume is way down 🚨 If they have a portfolio of loans on commercial property, they likely have a problem. pic.twitter.com/M4lGSIPQ8f — Wall …
We're gonna need a bigger graph: Fed is now over $110 billion in the hole after suffering another week of losses in an unprecedented streak or red ink – the same people telling you the banking system is safe and sound found a way to lose money despite having a money printer: pic.twitter.com/qCLlVkqVc5 — E.J. …
Mount Whitney is the most sophisticated Command, Control, Communications, Computer, and Intelligence (C4I) ship ever commissioned,[4] She incorporates various elements of the most advanced C4I equipment and gives the embarked Joint Task Force Commander the capability to… — EndGameWW3 🇺🇸 (@EndGameWW3) October 18, 2023 We have our most advanced Aircraft Carrier and our most sophisticated …
Two different federal courts, including a federal appellate court (which is one level below the United States Supreme Court) have issued injunctions against these racial exclusions in relief programs for restaurant owners. Now, a third federal court has issued a temporary restraining order against Biden’s racially exclusionary farm and ranch relief program. https://www.forbes.com/sites/evangerstmann/2021/06/12/yet-another-federal-court-tells-biden-that-he-cant-exclude-whites-from-his-relief-programs/?sh=d051e345e1fc The court …
🚨 BREAKING: Fires set by protesters outside of the US Embassy in Beirut, Lebanon pic.twitter.com/2nmFWxFuLy — Benny Johnson (@bennyjohnson) October 17, 2023 https://twitter.com/yellowstone1776/status/1714425396735951038?s=20 Protesters raised a Palestinian flag over the fences outside US embassy in Beirut, Lebanon as a giant convoy moves towards it. ISRAEL: Developing: The Israeli consulate in Istanbul, Turkey, was overrun after …
🚨CONFIRMED: Biden will visit Palestine before visiting East Palestine, Ohio What a complete scumbag pic.twitter.com/EdsG9AsJHl — Benny Johnson (@bennyjohnson) October 17, 2023 https://twitter.com/Resist_05/status/1714212738602614872
Former Speaker Kevin McCarthy did a deal with Biden to suspend the debt ceiling entirely until 2025. So there is no debt limit now. That is one of the reasons he was removed as Speaker. Conservatives felt that was crazy to allow Biden to borrow unlimited amounts of money for 18… — Wall Street Mav …
JUST IN – U.S. sends another $200 million in weapons to Ukraine. — Disclose.tv (@disclosetv) October 11, 2023 View post on imgur.com
by confoundedinterest17 Joe Biden is the Buzz Lightyear of the economy … and not in a good way. Under Biden and the Congressional spending sprees, the US debt is going to infinity … and beyond! Twenty days. That’s how long it took the Biden administration to add another half-trillion dollars to the national debt. Bidenomics …
View post on imgur.com JENKINSVILLE, S.C. — Federal officials have issued a warning about a substantial safety violation at a South Carolina nuclear plant after cracks were discovered again in a backup emergency fuel line. Small cracks have been found a half-dozen times in the past 20 years in pipes that carry fuel to emergency generators …
Smoke from Canada’s still-burning wildfires once again drifted across the border into the northern United States this week, prompting smoke and haze advisories until Wednesday, although the air quality remained much higher than it was during Canadian wildfire smoke plumes this summer. “The smoke and haze will likely stay much higher up in the air …
This printer has never been this hot pic.twitter.com/SmP8OF8jwP — GALAVIS (@FedericoGalavis) October 5, 2023
The “Secret Deal” to fund Ukraine without telling the taxpayers about it during an election year has fallen apart, and probably won’t be reserected. A LOT of people are freaking out about this, not just in Ukraine. The DC Machine runs now on Government Graft handouts, and they all have Chesapeake Waterfront manisions to pay …
Economist and philosopher John Maynard Keynes is famous for saying that markets can stay irrational longer than you can stay solvent. As the Australian dollar (AUD) plunges, Aussie importers and international travellers must wonder if he was referring to them. The AUD is once again swooning towards new lows. In truth, the currency has been …
Something big is coming … The Mentions of a "Soft Landing" have Surged to Their Highest Levels. Historically, that has preceded recessions. 🤨 pic.twitter.com/Co1C5yDJOF — Wall Street Mav (@WallStreetMav) October 3, 2023 Rickards: Something “Big and Stupid” Is Coming… With debt levels reaching all-time highs in major developed and developing economies, and with debt-to-GDP ratios …
“If Putin thinks he can outlast us, he's wrong. We will have another package of aid for Ukraine soon." Im sure Putin is shaking in his boots🙄 Meanwhile America falling from within. pic.twitter.com/dVOJRS6hZP — Spitfire (@RealSpitfire) October 2, 2023
Yes sir we are https://t.co/SioCV8HIqX — JustDario 🏊♂️ (@DarioCpx) October 1, 2023 Is another U.S. credit downgrade coming, followed closely by this? 👇🤫 https://t.co/jOp80yIEUn — Financelot (@FinanceLancelot) October 1, 2023 They don't just hike to 5.5% and then the system collapses in the next trading session. It takes a while for the "deflationary smack" to …