Independent thinking for complex markets and current events
Schedule for deceitful q4 reporting/ 2024 :$C Jan 15th $GS Jan 15th $JPM Jan 15th$WFC Jan 15th$BAC Jan 16th — Meyers.™ (@Meyers__MD) December 26, 2024 Trump is being handed a ticking time bomb. Janet Yellen has left his administration with $7 trillion of debt to refinance in 2025 alone. This comes as the 10yr bond …
Who could have possibly guessed Wikipedia went Wokepedia pic.twitter.com/qqhEkyx4h9 — Wall Street Apes (@WallStreetApes) December 24, 2024 Wikipedia's editors bias and lack of objectivity is evident. Thousands signed this manifesto:https://t.co/0lE9TtS9sV pic.twitter.com/JIrIRIocYz — Daniel Lacalle (@dlacalle_IA) December 24, 2024 One the craziest things ever said in America https://t.co/dBe8j68dlG — Elon Musk (@elonmusk) December 24, 2024
Notice the set-up. One of these two central banks' balance sheets is growing…and it isn't the Fed. The People's Bank of China has increased its balance sheet by $560 billion in four months. That is a 9.4% jump. Feel free to ignore it. pic.twitter.com/3toz8nvh8Z — Jeff Weniger (@JeffWeniger) October 19, 2024
Bank of America is currently experiencing a widespread outage. Many customers have reported issues accessing their accounts, with some seeing their balances temporarily showing as zero. The outage began around noon Eastern Time and has affected online and mobile banking, as well as ATM operations in major cities. https://news.yahoo.com/news/bank-america-down-users-report-194057499.html https://www.msn.com/en-us/money/other/bank-of-america-customers-report-outage-with-some-seeing-0-balances/ar-AA1rBpk7
The index includes all savings of the population, businesses, and governments. Now the United States relies solely on foreign investment. Source: https://research.gavekal.com/chart/week-38-2024/ h/t pure_psycho
Now would be a good time for the old rug pull. h/t Perfect_Alarm_2141
Source: https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20240731.pdf TLDRS: The Federal Reserve’s July FOMC meeting minutes highlight economic concerns and financial vulnerabilities. Usage of the Overnight Reverse Repo (ON RRP) facility slightly declined, with a more noticeable decrease expected later in the year due to increased Treasury bill issuance but could change due to idiosyncratic factors specific to some ON RRP participants. …
#GOLD price just started to inhaling the negative tendance in US employment, which will probably induce more aggressivity of FED on rate cut. https://t.co/Bayd8BMOQj — constantin savin (@savinfamily) August 21, 2024 Chinese gold buyers are back… China issues new gold import quotas after pause after two-month pause. Several Chinese banks have been given new gold …
The #BTFP is currently being drained as banks have to pay back their loans. This is now draining liquidity out of the markets. Here is what it means going forward and why the bank stocks have not fully crashed yet: The Bank Term Funding Program (BTFP) allows banks to borrow… pic.twitter.com/rxD21yDYhJ — The Coastal Journal …
BY DAVID HAGGITH For years, I’ve been saying it appears the BLS (Bureau of Lying Statistics) publishes fake labor statistics. The numbers always look like the seasonal adjustments are used by each administration to try to make the numbers look better, which means we are operating our country on delusions, not on facts. Ultimately that …
Hamas and Israel are considering a ceasefire proposal from Egypt, with Hamas reportedly approving a softened version. However, Israel has yet to accept the proposal, leading to tensions on both sides. ⚡Israeli official says Hamas approved a 'softened' Egyptian proposal that is not acceptable to Israel — Reuters — War Monitor (@WarMonitors) May 6, 2024 …
TL:DR: Big banks are hiding risky investments off their books, just like they did before the 2008 crash. This could cause another financial crisis. Banks like JPMorgan Chase have trillions of dollars in risky investments they don’t report on their main financial statements. Regulators are worried and want the banks to set aside more money …
The Vanguard Cash Plus Account is a cash management account that features a bank sweep insured by the Federal Deposit Insurance Company (FDIC) and offers a competitive yield on your short-term savings. You can use the bank sweep as a low-risk place to keep cash for your immediate needs as well as for emergencies. You also …
The Federal Reserve has significantly reduced its balance sheet. Some analysts predict a market downturn due to the decrease in liquidity, which has been exacerbated by 11 interest rate hikes that typically take 18 months for the market to digest. h/t theSilverVigilante
via Douglas French The wordsmiths at the Federal Reserve wisely omitted the line about a “sound and resilient” banking system in its statement on January 31. That same day shares of New York Community Bank plunged when the bank announced a loss of thirty-six cents per share when analysts expected earnings of twenty-seven cents a share for …
via Mike Maharrey: It appears more and more likely that the Federal Reserve is poised to completely abandon any pretense of fighting inflation, despite the fact CPI remains well above the 2 percent target. The Fed has already paused interest rate hikes, and most analysts expect rate cuts later this year. Now, the financial news networks …
Hot tip: don’t have credit card debt h/t TonyLiberty
by confoundedinterest17 Oh Susie QT. The Fed loves you. And The Fed has put a spell on the economy. Where do we sit today? Bank credit growth has been negative for the last 26 weeks. As M2 Money growth has stalled. What will The Fed do? While the FOMC may start the discussions around tapering QT …
The current tech rally’s fate rests on Nvidia’s earnings, with a cautionary reminder of the overlooked lessons from Thanksgiving 2021. Despite substantial Black Friday sales, the only mega-cap breaking out to new all-time highs suggests a potential meltdown on the horizon. Bulls are urged to proceed with caution amid signs pointing to an inevitable market …
On May 1, the Federal Deposit Insurance Corporation announced that First Republic Bank had failed and that it was being sold to JPMorgan Chase. At the time, JPMorgan Chase was already the largest and riskiest bank in the United States. The sweetheart deal the bank got from the FDIC to take over First Republic included …
by confoundedinterest17 Going down! The US housing market, that is! Federal Reserve Jerome Powell said at the luncheon in New York City that “Inflation is still too high”, meaning that rate cuts are on hold and maybe a rate hike or two may come. According to the National Association of Realtors, • Active inventory declined, with for-sale homes …
🇯🇵 But the government's room for manouevre is limited as Japan has the industrial world's heaviest debt, and a supplementary budget of that size would make it even harder to meet a target to balance the primary budget, excluding new bond sales and debt servicing costs, by fiscal… https://t.co/MkCeWJ8KGL — PiQ (@PiQSuite) October 17, 2023 …
ECB Balance Sheet QT: -€1.77 Trillion from Peak, now down to €7.07 Trillion. Shed 43% of Pandemic QE Assets Quantitative tightening (QT) powers along in the euro area. Total assets on the ECB’s weekly balance sheet plunged by another €75 billion over the week, to €7.07 trillion, the lowest level since December 2020. The ECB …
From the WSJ: A surge in interest rates likely worsened unrealized losses on bonds and loans held by U.S. banks in the third quarter, further straining their balance sheets as they face pressure to pay more to keep depositors. Unrealized losses were a key cause of Silicon Valley Bank’s failure in March, which spurred other …
A total bloodbath in Treasury notes, bonds, and mortgage-back securities again: Here is a reminder that these instruments account for over 80% of the Federal Reserve's balance sheet. If they were to be reevaluated using a mark-to-market methodology, the Fed's assets could be… pic.twitter.com/x0YNQez2iJ — Otavio (Tavi) Costa (@TaviCosta) September 25, 2023 That doesn’t change …
by InternationalTop2405 The more the denarius was diluted, the more coins were in circulation. The more the dollar is diluted, the more currency units are in circulation.
I have been dedicatedly working towards the goal of attaining a balanced budget for the website’s operations, particularly since tech companies and various online platforms initiated the demonetization of non-left-leaning media a few years ago. Despite encountering numerous challenges along the way, I remain committed to this mission, tirelessly seeking ways to ensure the sustainability …
by BrutalBodyShots Many of us give the [sound] advice of “always pay your CC statement balance in full monthly” as it’s the right approach for financial health. Those new to credit cards get confused by the difference between the statement balance and the “minimum payment” required. That’s exactly what the credit card companies want, as …
We cannot live with a decade of more of the same. Britain is extremely vulnerable to any mishap – a crack in the housing market, a crisis in the financial markets, another energy crisis. https://www.theguardian.com/commentisfree/2023/aug/13/uk-stop-kidding-ourselves-rich-nation-gone-bust
by confoundedinterest17 Inflation is a killer to the middle class and low-wage worker. Yet there are always apologists for terrible Federal spending and Federal Reserve monetary policies. Like Alex Bereson with his “How we stopped inflation without a recession (hint: by not stopping inflation).” Before I look at Berenson’s plea for more inflation, let’s see where …