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 …

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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, …

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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 …

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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, …

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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 …

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