A hub for independent voices and hard truths
Ht @RealEJAntoni And the longer that rates stay at this level, more and more debt matures and gets refinanced at these higher rates. So the debt interest expense is going to keep going higher. 🔥 pic.twitter.com/WDEUlt9EFd — Wall Street Mav …
It is indeed a matter of great concern that the top 4 banks are currently facing monumental losses, amounting to a staggering $205 billion, on their bond assets. Moreover, the entire banking system has witnessed an alarming figure of approximately …
Inside the negative equity timebomb: US homeowners lost $108.4 BILLION in equity this year – leaving more than 200,000 at risk of going ‘underwater’ if property prices fall another 5% Homeowners are sitting on a negative equity timebomb after losing …
by confoundedinterest17 The US has passed the 32 trillion mark in national debt, and is going much, much higher. More like 32 tons on the back of taxpayers. When we add unfunded liabilities like Social Security, Medicare and Medicaid, the tab soars …
by Dismal-Jellyfish Liabilities and Capital Liabilities: Earnings Remittances Due to the U.S. Treasury -76.292 billion as of 7/5/2023. Let’s talk about the Fed’s cumulative losses, in fewer than 9 months, are GREATER (-76.292 billion, so far vs $76 billion) than …
via naturalnews: The investment is a response to new and old issues faced by the company as well as other big box retailers, including the rise in online shopping, the recent boycott causing profits to plummet and the ongoing threat from shoplifting …
Large Banks Experience Record $921B Deposit Drain in 40 Years, Outpacing Small Banks’ Decline Data from the Federal Reserve reveals that large banks in the U.S. are experiencing the fastest decline in deposits in four decades. Since April 2022, deposits …
Unilever stock loses $2.5B amid calls to boycott Ben & Jerry’s over tweet Ben & Jerry’s parent company has lost roughly $2.5 billion in market cap amid calls to boycott the Vermont-based ice cream maker over a July 4 tweet condemning the …
🚨#WATCH: as Las Vegas Unveils the $2.3 Billion MSG Sphere Lighting Up the Sky for the first time ever ⁰📌#LasVegas | #Nevada Las Vegas, the city that never sleeps, has unveiled the MSG Sphere a remarkable arena with a price …
Banks would lose $541 billion in ‘hard landing’ contingency: Fed The Federal Reserve said Thursday that banks are well capitalized enough to endure a severe recession but stand to lose $541 billion if the economy heads south. The findings came …
by BoatSurfer600 The U.S. national debt spiked by $851 billion since the debt ceiling was suspended a month ago on June 3, and now hit $32.32 trillion. This is just an amazing freak show. Source: wolfstreet Stocks would do well …
We are digging into all of the data behind this new report. The unrealized losses seem to go well beyond just bond markets. Let us know if you'd like to see a Twitter thread explaining this situation in full detail. …
The FDIC “mistakenly” releases complete version of a document showing U.S. government spent $12,700,000,000 to bail out 10 wealthy depositors amid banking crisis in March. “10 depositors had $13.3B in SVB, that’s why the FDIC bailed them out. (Spoiler alert: They …
Hacker Kim Dotcom has offered his take on the “Wagner Coup” in Russia, intimating that Wagner boss Yevgeny Prigozhin may have collected billions from the CIA to stage a coup, and then aborted the coup. My view on the actions …
by Dismal-Jellyfish Liabilities and Capital: Liabilities: Earnings Remittances Due to the U.S. Treasury -71.875 billion as of 6/21/2023. Let’s talk about the Fed’s cumulative losses in 9 months that equal almost as much (-71.875 billion vs $76 billion) that they …
Bank Term Funding Program (BTFP): https://fred.stlouisfed.org/series/H41RESPPALDKNWW Tool Bank Term Funding Program (BTFP) Up from 3/15, 1st week of program ($ billion) 3/15 $11.943 billion $0 billion 3/22 $53.669 billion $41.723 billion 3/29 $64.403 billion $52.460 billion 3/31 $64.595 billion $52.652 …
For context: the entire 1776-mile transcontinental railroad cost $1.2 Billion in today’s money. It was completed in 1869. — Austen Allred (@Austen) June 21, 2023
by TonyLiberty It is no surprise that student loan debt in the United States has reached such a high level. With the cost of college tuition continuing to rise, more and more students are taking out loans to pay for …
BREAKING: 'Accounting error' provides extra $6.2 BILLION for Ukraine, Pentagon says pic.twitter.com/75022IXg9k — Breaking911 (@Breaking911) June 20, 2023 The government: We're tracking every $600 transaction you make on Venmo Also the government: Oops pic.twitter.com/0XVylpwRJA — Genevieve Roch-Decter, CFA (@GRDecter) June …
Do Kwon, the cryptocurrency boss behind the $40bn (£31.3bn) collapse of the terraUSD and Luna tokens, has been sentenced to four months of jail in Montenegro. h/t ArtLover357
Source: Wolf Street h/t BoatSurfer600
by Dismal-Jellyfish https://www.federalreserve.gov/releases/h8/20230616/ https://fred.stlouisfed.org/series/DPSACBW027SBOG 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 …
Bank of America has announced their intentions to spend half a billion dollars on “diversity issues.” This more than doubles their initial $200 million commitment. According to a BoA press release, “We work across our company to address critical needs …
JPMorgan Chase & Co. projects real-money portfolios, including those of sovereign wealth and pension funds, will tilt back in favor of bonds to meet allocation targets, in the largest rebalancing flows to the asset class since the fourth quarter of …
by rightlibcapitalist NVDA rallied this year and as expected, short sellers lost shit ton of money. Here’s the summary: According to financial data firm S3 Partners, short sellers of Nvidia Corp have experienced substantial losses this year, amounting to more …
Interest costs are a quarter of the deficit, leading to unsustainable debt. Latest US Treasury data show we're on unsustainable path: interest on the debt was a whopping $61 billion in May, more than was spent on veterans benefits and …
The IRS data showed that in 2021, New York State lost adjusted gross income worth $25 billion. Read more: https://t.co/RLnJmCQTDQ — unusual_whales (@unusual_whales) June 12, 2023 Lost of people from NY are heading to Florida
Update: Associated Press: More than $400 billion in US government aid related to the Corona epidemic was stolen or wasted. — EndGameWW3 🇺🇸 (@EndGameWW3) June 12, 2023 Really, all the money was wasted in my opinion. It is interesting that …
Costco has spent $1 billion to ensure a steady supply of their famous in-store rotisserie chicken – setting up their own massive farm and slaughterhouse in Nebraska, with 500 chicken houses each containing 42,000 chickens. The Washington-based company is the …
