Independent thinking for complex markets and current events
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. …
by Chris Black Hahaha. The Biden administration is drafting a $100 billion foreign aid package that includes assistance for Israel as well as other top security priorities, according to two people familiar with the details. https://t.co/XGmltpxULP pic.twitter.com/uI5zLFDZ5b — ABC News (@ABC) October 18, 2023 Oy vey only 100,000,000,000? They should make it 600,000,000,000 to make …
The last thing we need right now is a trade war. Taming inflation with skyrocketing energy prices and geopolitical conflicts is already hard enough. Unfortunately, we are taking 1 step forward and 2 steps back. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) October 17, 2023 BREAKING: The …
JUST IN – Biden plans to ask U.S. Congress for $100 billion in additional Ukraine, Israel aid — Bloomberg — Disclose.tv (@disclosetv) October 17, 2023 via Bloomberg: Biden Plans to Ask Congress for $100 Billion in Ukraine, Israel Aid Package aims to leverage support for Israel after Hamas attack Size and scope of Biden’s potential …
This can’t be good. How long can this go on for? This increase equates to $ 8 trillion per year. JUST IN: Total US debt jumped by $500 billion in just 18 days after hitting $33 trillion, according to Zerohedge. To be exact, total US debt is now at $33.513 trillion. This means the US …
Americans didn’t pay an estimated $688 billion in taxes due on their 2021 returns—the largest shortfall ever. Audits and other enforcement will be stepped up to reduce the gap, the Internal Revenue Service said Thursday. The number includes $542 billion due to underreported income, with the remainder of the shortfall owed by those who didn’t …
by TonyLiberty Microsoft is now accused of tax evasion and faces a $29 Billion tax bill from the IRS. This is one of the largest tax bills ever issued by the IRS. In particular, the IRS took issue with how the company “allocated profits … among countries and jurisdictions.” This suggests that the IRS believes …
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 …
General Motors shares tanked again Thursday as a possible issue with its airbags added to negative concerns over the auto workers strike for the limping legacy American automaker. Key facts The Wall Street Journal reported there are 20 million General Motors vehicles with airbag inflators that the government recommends recalling, potentially setting the company up …
This is a new very bad development as until recently Evergrande was facing “just” a restructuring. Liquidation = death. Panic then possible as many others potentially in line for the same fate. Decision date is Monday 30 October, in 20 days. via YAHOO: (Bloomberg) — A group of offshore creditors of China Evergrande Group said …
Biden hopes that a “one-and-done” funding package will allow him to bypass the deadlock with congressional Republicans and free up enough aid for Ukraine to last until the 2024 presidential election. “The ‘big package’ idea is firmly supported by many throughout the administration,” “Supporters of Ukraine want this to be a one-and-done big bill, and …
https://t.co/r1fajgbAWx — Win Smart, CFA (@WinfieldSmart) October 6, 2023 But how about this? Are they forced to realize? https://t.co/3waHF3dHho — Win Smart, CFA (@WinfieldSmart) October 6, 2023 Bank Earnings in One Week:Place Your Bets or Brace For Impact?! "US bank stocks are the market’s Achilles heel just now. They need to participate in any recovery …
https://www.npr.org/2023/10/04/1203685361/biden-says-hes-worried-about-ukraine-aid-he-plans-to-give-a-major-address-about- Dem Sen. Bennet: I’ll ‘Definitely’ Shut Down Government if We Don’t Have Ukraine Money On Wednesday’s broadcast of MSNBC’s “Katy Tur Reports,” Sen. Michael Bennet (D-CO) said that he is “definitely” willing to shut down the government if a bill to keep it open doesn’t include Ukraine funding. Host Katy Tur asked, “Are you ready …
Federal officials have been criticized after splashing $3.3 billion on swanky new office furniture during the pandemic, when almost all staff worked from home. The egregious spending habits of the US government included almost $250,000 on solar-powered picnic tables for the CDC, and $120,000 on plush Ethan Allen leather chairs. A bombshell watchdog report found …
This printer has never been this hot pic.twitter.com/SmP8OF8jwP — GALAVIS (@FedericoGalavis) October 5, 2023
https://t.co/3i8lURYf73 — Win Smart, CFA (@WinfieldSmart) October 4, 2023 What is going on with the US debt? There is currently no debt ceiling because former Speaker McCarthy suspended the limit until 2025 (foolishly). So Biden can borrow an unlimited amount of money. It went up $275 billion in ONE DAY. $442 billion in just two …
Joe Biden plans to announce on Wednesday that his administration has approved an additional $9 billion in student debt relief for 125,000 borrowers, the White House said. Biden has said he will pursue new measures to provide student loan relief to Americans after the Supreme Court blocked his plan to cancel hundreds of billions of …
by Chris Black Every country will support this war forever, regardless of how their populations feel about it. The Guardian: Ukraine is set to receive billions of euros more in military aid, as well as training for fighter pilots, the EU’s top diplomat has said, after a “historic” meeting of EU foreign ministers in Kyiv. …
via reuters: LONDON, Oct 2 (Reuters) – Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in the next two weeks given retreating stock markets, a UBS (UBSG.S) note seen by Reuters shows. Hedge funds using algorithms to follow market trends have turned …
This liquidity strain might prompt banks to tighten lending, potentially making it more challenging for individuals and businesses to access credit. A record $870 billion of deposits have left banks over the last 18 months. This is the highest deposit flight since The Great Depression. The UAW strike, student loan payments & government employees furloughed …
Our societal breakdown is happening by design. via YAHOO: Losses from retail crime ticked up in 2022, causing many retailers across the country to change the way they do business, according to a survey released on Tuesday by the National Retail Federation. “Retailers are seeing unprecedented levels of theft coupled with rampant crime in their …
Banks issuing bonds again to raise funds to pay bills today? Writing IOUs intended to fail? At this rate, it looks like every bank will be put at risk to ensure massive systemic risk to maximize the public bailout. Hello 2008 we’re coming back with a vengeance. via YAHOO: The New York-based bank, the operating …
Despite receiving a substantial amount of funding, Baltimore city schools experienced a disheartening outcome. “Last year, Baltimore city schools received a record $1.6 billion plus an additional $799 million in COVID funds The result? 0 students tested proficient in math in 40% of schools. 0 students. The person in charge of Baltimore schools is Dr. …
“Bankruptcy filings for companies with at least $10 million in liabilities are rising sharply. Since the Fed started raising rates in March 2022, bankruptcy filings have more than doubled. Corporations, individuals, and the government all got used to historically low interest rates. As rates have nearly tripled on most forms of debt, bankruptcy filings are …
US Media is desperately trying to bury this story as “Russian Disinformation” to protect Biden and the Obamunists, but it is gaining traction now in the western press. Some #Ukrainian journalists claim that former Ukrainian defence minister Aleksey Reznikov stole $1 billion before fleeing abroad.#UkraineWar #RussiaUkraineWar pic.twitter.com/FmlqhcWNey — Ghost Reporter (@_GhostReporter_) September 25, 2023 UKRAINE …
+$20 billion per day +$1 trillion every 50 days +$7.3 trillion per year Everything is Fine … 🔥🔥🔥America Hits $33 Trillion In Debt … How High Will We Go? pic.twitter.com/HNtEyfPTeK — Wall Street Mav (@WallStreetMav) September 22, 2023 The US government will spend as much money on national debt interest payments this year as they …
🚨 BREAKING: House Republicans reportedly denied a request from Zelenskyy to deliver another address to Congress pic.twitter.com/xqzSmj5T3e — Benny Johnson (@bennyjohnson) September 21, 2023 h/t 2201992
Poland said Wednesday it will no longer arm Ukraine and instead focus on its own defense, as the two allies clashed at a key moment in Kyiv’s fightback against invasion by Russia. In a mounting row over grain exports from Ukraine, Poland summoned the Ukrainian ambassador to protest remarks at the UN by President Volodymyr …
