Independent thinking for complex markets and current events
They're robbing you blind and most don't even realize it Then when you feel happy about your home value going up… you get to pay more taxes on that too — TheWealthCoach (@indexnforgetit) July 23, 2024 It's really sad that so many people in the USA 🇺🇸 actually believe the mainstream media propaganda ☠️ If …
by confoundedinterest17 Households have too much debt, thanks to trying to cope with Bidenomics and Bidenflation. And much of the debt burden falls on the middle class. Serious auto delinquencies are on the rise. And lowest earners saw the biggest increase in credit card delinquenices. And who voters prefer as of today? Trump on interest …
View post on imgur.com View post on imgur.com h/t JF Priest
by confoundedinterest17 Bidenomics relied of massive Federal spending thanks to Covid and massive monetary expansion. This led to the highest inflation in 40 years (Bidenflation). But now The Fed is slowing M2 Money growth into negative territory and hiking their target rate. The result? Bank credit growth has crashed to 0.5% YoY. In other words, …
by confoundedinterest17 Biden’s massive spending spree (aka, Build Back Better) has a new name: Build Back Bankrupt! According to Epiq, Commercial Chapter 11 Filings Increased 68 Percent in the First Half of 2023. NEW YORK – July 03, 2023 — The 2,973 total commercial Chapter 11 bankruptcies filed during the first six months of 2023 represented a …
by confoundedinterest17 This morning I wrote about the Renter’s Misery index with rents spiralling out of control for the middle class and low wage workers. Now let’s switch focus to the restaurant business which are suffering under Biden’s reign of economic error. Two years of negative real wage growth, depleted savings, mounting credit card debt, …
by confoundedinterest17 Welcome to the Bidenville Mortgage Depot! Where Bidenflation (caused by idiotic energy policies, crazy Fed money printing and insane Federal spending) has caused The Fed to raise rates crushing the US mortgage market. Mortgage applications decreased 1.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications …
