Independent thinking for complex markets and current events
Zelensky arrives at the United Nations General Assembly in Washington DC. He will ask for another $24 billion in "aid." Our country is falling apart at the seams and both political parties are entertaining this insanity.pic.twitter.com/XUxbI2WZlq — Citizen Free Press (@CitizenFreePres) September 19, 2023 Zelensky coming to Canada this week.
NEW: Zelenskyy to visit Washington next week as Congress is debating $21 billion in new aid for Ukraine – AP — Breaking911 (@Breaking911) September 14, 2023 Not another damn dime! Ukraine’s Volodymyr Zelenskiy to visit Biden as Congress debates $24bn in aid via theguardian: “The Ukrainian President Volodymyr Zelenskiy is expected at the White House …
via mises: The Federal Reserve has officially reported a loss of $57 billion for the first six months of 2023. Quite a number! So the “Federal Reserve Banks Combined Quarterly Financial Report as of June 30, 2023” (CQFR)—a little-known document—is especially notable for its red ink. We can anticipate an annual loss of over $100 billion for …
NYC Mayor has estimated potential costs of up to $12 billion for the city over the next three years. Read more: https://t.co/vOFF0QtouY — unusual_whales (@unusual_whales) September 13, 2023 ⚠️ THIS NEWS CLIP NEEDS TO BE SHARED EVERYWHERE ⚠️ “The Migrant Crisis Now Forcing Deep Budget Cuts For New York City” “Today, Mayor Adams Officially Ordered …
President Trump launched a missile strike to take out Iranian General Soleimani Biden sent Iran $6 billion on 9/11 If you’re not enraged, you’re not paying attention pic.twitter.com/MnWONV0Si9 — DC_Draino (@DC_Draino) September 12, 2023
by TonyLiberty Disney $DIS is facing a bunch of challenges that have caused its stock to plummet, and its market value to decline by over $200 Billion: 1) Declining Disney+ subscribers 2) Ongoing Hollywood strike 3) Fee dispute with the second-largest cable company Netflix $NFLX has seen a 50% surge in its shares this year …
While China has been offloading US Treasuries for 10+ years, the rate has accelerated. Both Canada and Mexico also now account for a higher % of US imports than China. It seems like the trade war is back. Follow us @KobeissiLetter for real time analysis as this develops. pic.twitter.com/paivr3aYSS — The Kobeissi Letter (@KobeissiLetter) September …
by Dismal-Jellyfish https://fred.stlouisfed.org/series/DPSACBW027SBOG https://www.federalreserve.gov/releases/h8/20230825/ A tad over a year ago (4/13/2022) the high was hit at $18,158.3536 billion: Date Deposits, All Commercial Banks (billions) Down from all time high (billions) 4/13/2022 $18,158 0 2/22/2023 (Run picks up speed) $17,690 -$468 billion 3/1/2023 $17,662 -$496 billion 3/8/2023 $17,599 -$559 billion 3/15/2023 $17,428 -$730 billion 3/22/2023 $17,256 …
With the new debt ceiling bill, the limit is UNCAPPED until 2025. Estimates show $4 trillion in debt will be added by 2025 at this rate. Meanwhile, interest expense is rising with rates. This is unsustainable. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) September 7, 2023 Pretty …
by Dismal-Jellyfish Source: https://www.fdic.gov/analysis/quarterly-banking-profile/qbp/2023jun/qbp.pdf Highlights: Net Income Decreased From the Prior Quarter, Driven By Lower Noninterest Income The Net Interest Margin Declined for the Second Straight Quarter Unrealized Losses on Securities Increased Quarter Over Quarter Community Banks Reported Higher Net Income From the Prior Quarter Loan Balances Increased From Last Quarter and One Year Ago …
by Dismal-Jellyfish Source: https://www.fdic.gov/news/press-releases/2023/pr23071.html Today, the Federal Deposit Insurance Corporation (FDIC) announced the start of a marketing process for the approximately $33 billion Commercial Real Estate (CRE) loan portfolio retained in receivership following the failure of Signature Bank, New York, New York. The majority of the CRE loan portfolio being marketed is comprised of multifamily properties, …
by 2201992 Biden has requested 12 billion. Any aid package is required to start in congress. Specifically the House of Representatives which is controlled by Republicans. Kevin will need to call for a vote on a bill for Hawaii. Email and call your reps to get their asses working on an aid package. Ukraine has …
Embattled Chinese developer China Evergrande has warned investors to “exercise caution” as it revealed the true extent of the crisis facing one of its units. Hengda Real Estate, a principal subsidiary of Evergrande, says it had a total of 1,931 pending litigation cases as of the end of July 2023. Those cases each involve more …
by Chris Black Wait until Americans learn the “democracy” they have been spending all of their tax money on, the reason why our economy is in the shitter and everything is now 2-4X more expensive is actually a dictatorship. I’ve been telling people this all along. Zelensky says he told Lindsey Graham that he will …
by Chris Black Well? 🇺🇦 Why are we sending $200 BILLION to Ukraine when American looks like a ZOMBIE WASTELAND? pic.twitter.com/e9c8wLHO3s — Jackson Hinkle 🇺🇸 (@jacksonhinklle) August 28, 2023 America’s greatest threat is inside our own borders. Every single major USA city has miles of tents and shanty towns with begging drugged out homeless. Drive …
via Mike Shedlock: In a recent interview with Larry Kudlow on Fox news, Trump proposed a “ring around the collar” of the U.S. economy, “When companies come in and they dump their products in the United States, they should pay, automatically, let’s say a 10 percent tax. That money would be used to pay off debt.” …
Ukraine is said to have lost nearly US$10 billion worth of US-supplied weapons in its counter-offensive against Russia. This rough estimate is based on the New York Times assessment in July that about 20 percent of the West-supplied weaponry was damaged or destroyed by Russia in the first two weeks of the Ukrainian counter-offensive. (…) …
Fifteen years after his famed bet against the mortgage market led to substantial gains, legendary investor Michael Burry has once again set his sights on a major financial maneuver. This time, he has taken a “big short” position against the stock market by purchasing an impressive 40,000 put options contracts tied to SPDR S&P 500 …
In a record-breaking year of disasters, the Federal Emergency Management Agency is announcing nearly $3 billion Monday for communities to build resiliency against climate change-fueled extreme weather. you know SMART/ 15 min cities to control you The new money, which will come from Congress’s bipartisan infrastructure law (all complicit) passed last year, is being announced just as the …
via publicintegrity.org: After U.S. and allied warplanes destroyed a key bridge carrying 15 oil and gas pipelines in northern Iraq during the 2003 conflict there, officials in Washington and Baghdad made its postwar reconstruction a top priority. But instead of spending two months to rebuild the span over the Tigris River at an estimated cost …
by Dismal-Jellyfish Source: https://www.reuters.com/business/finance/credit-suisse-posted-4-billion-loss-2q-sonntagszeitung-2023-08-27/ Credit Suisse, which is now a subsidiary of UBS (UBSG.S), posted a loss of 3.5 billion Swiss francs ($4.0 billion) in the second quarter of 2023, according to a report in the Sonntagszeitung, which cited insiders at the bank. Spokespersons for UBS and Credit Suisse declined to comment. Credit Suisse had already …
by SM1334 I think its fair to say the treasury ain’t getting its money… Sauce : https://fred.stlouisfed.org/series/RESPPLLOPNWW
https://www.federalreserve.gov/releases/h41/20230824/ https://fred.stlouisfed.org/series/H41RESPPALDKNWW
The CEO of NVIDIA Jensen Huang's net worth is now +$39 billion. A 225% increase in 8 months. That's likely the fastest growth rate for any billionaire in the world this year. pic.twitter.com/DSihKHFnIB — Genevieve Roch-Decter, CFA (@GRDecter) August 23, 2023
by Dismal-Jellyfish https://www.finra.org/sites/default/files/fda_documents/2020067139101%20Instinet%2C%20LLC%2C%20CRD%207897%20AWC%20gg.pdf STILL NOT COMPLETE!!! Wut Mean?: Instinet was mandated to start reporting order data to the CAT Central Repository from June 22, 2020. Instinet hired a third-party vendor for CAT reporting, but their internal data specifications were inadequate for proper CAT-format reporting. In June 2020, Instinet informed FINRA that they foresaw CAT reporting …
UAW strike of all ‘Big Three’ Detroit automakers would cost economy $5.6B Less than a month remains until the September 15 deadline for new contracts Union boss Shawn Fain is calling a strike authorization vote next week A ten-day strike by the United Auto Workers that shuts down the ‘Big Three’ Detroit automakers would cost …
JUST IN: 🇺🇸 United States lost $5.9 trillion in wealth last year, more than any other country in the world. — Win Smart, CFA (@WinfieldSmart) August 16, 2023 NEW – Russia got richer last year, while the West shed trillions of dollars of wealth, according to UBS. pic.twitter.com/3E790JmosT — Disclose.tv (@disclosetv) August 16, 2023 https://twitter.com/jacksonhinklle/status/1691853636043768185 …
Short sellers have lost more than $175 billion betting against US stocks after investor mania for AI fueled an unexpected tech rally. The surge in tech stocks led to $175.2 billion in mark-to-market losses for short sellers year-to-date, with $53.5 billion of it stemming for July alone. According to data from S3 Partners, only 30% of …
