U.S. bankruptcies explode to 15 year high… We are in a recession in 4 charts… The Fed should hike rates 50 basis points in December.

Comparison: 2020 (COVID crash): ~610 large bankruptcies. 2021: ~400. 2022: ~450. 2023: ~500. 2025 YTD: 655 already. (Reuters) -Large U.S. corporate bankruptcies are on pace to hit their highest level in 15 years, S&P Global data showed on Thursday, underscoring mounting stress across corporate America at a sensitive time for public market investors. Total bankruptcy …

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More investors are betting on a 50 basis point Fed cut this year. All feels very 07ish but on a much bigger scale. Jamie Dimon of JPMorgan said that a downturn could happen within 6 to 24 months.

Can’t even look at the news anymore without the blood boiling. All this talk of the economy teetering like it’s ’07 all over again, big bank bosses like Dimon muttering about crashes coming any day now, and there folks sit, staring at paychecks that barely cover rent and groceries. Gas is dirt cheap for once, …

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50 Basis Point Cut Coming? US Economy Adds Only 22k Jobs In August, Unemployment Rate Rises To 4.3% (Guns Of August Misfires)

by confoundedinterest17 Not exactly the Guns Of August. More like a wet cap gun firing. The jobs report for August showed only 22k jobs added. U-3 unemployment rate rose to 4.3%. U-6 unemployment and part-time rose to 8.1%. Total private jobs added was 38k while manufacturing jobs added was down -12k. Government jobs dropped -16k. …

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Bombshell! How the Clinton Campaign Invented the legal basis for ALL social media censorship

A leaked email released by Tulsi Gabbard reveals that Hillary Clinton approved a plan in 2016 to link Donald Trump to Russian hackers in order to distract from her own email scandal. This plan laid the groundwork for the Department of Homeland Security to later redefine online misinformation as a cyber threat to “critical infrastructure.” …

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MicroStrategy suffers $5.9 billion bitcoin loss. $MSTR 8-K: Selling may be necessary to meet obligations—potentially below cost basis

$MSTR 8-K FILING : We may be required to sell bitcoin to satisfy our financial obligations, and we may be required to make such sales at prices below our cost basis or that are otherwise unfavorable. pic.twitter.com/2Cu7VYcwTm — Magoo PhD (@HodlMagoo) April 7, 2025 MicroStrategy, $MSTR, saus unrealized loss on digital assets for 1q $5.91 …

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Sounds like a good basis for lawsuit.

It seems Apple has a new “Siri-ous” problem on its hands. The iPhone’s voice-to-text feature, a tool millions rely on daily, is making waves for all the wrong reasons. A viral TikTok video recently exposed the bizarre glitch: when users said “racist,” the text-to-speech feature would sometimes change it to “Trump” before quickly correcting itself. …

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Euro swap cash basis turns negative, signaling liquidity crisis and looming economic trouble.

THE EURO SWAP CASH BASIS HAS JUST WENT NEGATIVE FOR THE VERY FIRST TIME SINCE 1999 WHENEVER THIS GOES NEGATIVE IT MEANS THAT WE ARE EXPERIENCING LIQUIDITY ISSUES, ECONOMIC UNCERTAINTY AND OVERALL MAJOR ECONOMIC PROBLEMS THIS BUBBLE IS ABOUT TO POP… This is incredible – simultaneously… pic.twitter.com/B3APANZ7fm — fuzzyfacts (@CostcoPM) November 10, 2024 Dow Jones …

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S&P 2025 earnings, margins dropping; The economic mess is 36 basis points away from starting…

S&P 500 2025 earnings and margins are starting to come down. #earnings #sp500 pic.twitter.com/B8YEVDsdpp — Michael J. Kramer (@MichaelMOTTCM) November 1, 2024 Supercore PCE back to 2.9% on a 3-month annualized rate. pic.twitter.com/PTAYPpZgk0 — Michael J. Kramer (@MichaelMOTTCM) October 31, 2024 And the economic mess is 36 basis points away from starting… https://t.co/OhmypgRcn3 pic.twitter.com/KpJkI4dAHD — …

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Enormous Mobs Are Literally Taking Over The Streets Of Major U.S. Cities On A Nightly Basis

by Michael Every night, huge groups of young people are literally taking over streets in large cities all over America.  In many cases, major intersections are completely blocked off for stunts and dangerous competitions involving vehicles.  These events are called “street takeovers”, and they are often accompanied by theft, violence and other acts of crime.  You …

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The ECB cut rates by 25 basis points despite raising inflation forecasts for 2024 and 2025.

https://twitter.com/RJRCapital/status/1798703003391980014 The European Central Bank (ECB) recently made a decision to cut interest rates by 25 basis points. Specifically, the main interest rate was reduced to 3.75%, while the main refinancing rate and the marginal lending facility rates were also adjusted. B/c the two are related… https://t.co/5GohABBJJj — E.J. Antoni, Ph.D. (@RealEJAntoni) June 6, 2024 …

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The “basis trade” has become Too Big To Fail.

The Hedge Fund Traders Dominating a Massive Bet on Bonds (Bloomberg) — Jonathan Hoffman, John Bonello and Jonathan Tipermas share more than just similar first names. They’re the driving force behind a gigantic wager on government debt that’s been giving regulators sleepless nights. They and their teams are top players in the “basis trade,” a …

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A Draconian New Law Went Into Effect On August 25th That Institutes Extreme Censorship Of The Internet On A Global Basis

by Michael The Internet just changed forever, but most people living in the United States don’t even realize what just happened.  A draconian new law known as the “Digital Services Act” went into effect in the European Union on Friday, and it establishes an extremely strict regime of Internet censorship that is far more authoritarian than …

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Bidenomics! Mortgage Demand Decreases 3.0% From One Week Earlier, But Purchase Demand Down 26% From Last Year, Down -45% Under Biden While Mortgage Rates Are UP 134% (US Interest Expenses Surged By 50% In Past Year To Nearly $1 Trillion On Annualized Basis)

by confoundedinterest17 Inflation under Biden has been very painful for the US middle class and low wage workers. That inflation has resulted to surging mortgage rates thanks to The Fed’s counterattack. The result? Mortgage rates are up 134% under Bidenomics, while mortgage purchase demand is down -45% since Biden was selected. And mortgage refinancing demand …

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Options traders start to load up puts; The average stock remains in a death cross on a weekly basis; Q2 Earning season starts Friday. Banks gonna stink it up.

Options traders are loading up on contracts that will jump in value should equities see a big drop NEW YORK, July 12 (Reuters) – Options traders are taking advantage of muted U.S. stock market gyrations to load up on contracts that would jump in value should equities see a big drop, boosting the number of …

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Printin’ The Night Away! US Treasury Yield Curve (10Y-2Y) Still Inverted, But Less So At -86.616 Basis Points (Return Of Liquidity)

by confoundedinterest17 The Federal Reserve is printin’ the night away! Yes, as The Fed printin’ the night away, the US Treasury yield curve (10Y-2Y) is still inverted, but at -86.616 basis points. The 2 year US Treasury yield is down -8.2 BPS, the largest decline in the world … after Greece! Greece? The fiscal wreck …

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Inflation Alert! Bank of England (50 basis points), Norway Central Bank (50 basis points), Swiss National Bank (25 basis points) all raise interest rates to combat inflation. Remember, JPow told Congress yesterday rate hikes needed here but the Fed is not acting while other central banks are.

by Dismal-Jellyfish Norway: https://www.norges-bank.no/en/topics/Monetary-policy/Monetary-policy-meetings/2023/june-2023/ Policy rate raised to 3.75 percent Norges Bank’s Monetary Policy and Financial Stability Committee decided to raise the policy rate by 0.50 percentage point to 3.75 percent. The Committee’s current assessment of the outlook and balance of risks implies that the policy rate will most likely be raised further in August. Inflation …

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