Independent thinking for complex markets and current events
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 their education. This problem is only compounded by the fact that many graduates are struggling …
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 20, 2023 And then we told them it was a $6.2 billion "accounting error"… pic.twitter.com/VwK79YWFcH …
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 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 …
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 in our communities, including the lack of access to capital that diverse business owners face …
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 2021. Japan’s $1.5 trillion Government Pension Investment Fund or GPIF, the world’s largest pension fund, …
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 than $8 billion, as the company’s stock surged over 180% in 2023. The remarkable performance …
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 services, education, and transportation COMBINED; interest costs were a quarter of the deficit last month: …
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 they admit to not being able to account for .4 trillion of it. And then …
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 only one to have its own processing plant, which is spread across a 400-acre site …
The globalist elites have a solution for all those surplus human beings. By 2050, we’ll have 10 billion mouths to feed – on a finite planet. Tuck into something that could change the world: https://t.co/F03i29fbCR pic.twitter.com/3oULnVW0kf — World Economic Forum (@wef) May 30, 2022 via france24: Since November, the global population has officially crossed eight …
via aflegal.org: WASHINGTON, D.C. – Today, America First Legal (AFL), on behalf of its client, the National Center for Public Policy Research (NCPPR), served the Target Corporation with a formal demand for the production of corporate books and records, seeking transparency regarding its management’s radical LGBT political agenda that has apparently cost the corporation over $12 …
by scott_jr U.S. Treasury announced it’s issuing over $170 BILLION .. and that’s only for this week Due to the current balance it is expected to issue a total of $900 BILLION to over $1 TRILLION in the coming weeks. For you regards: Money locked up in U.S. Treasury means less liquidity in the market. …
Shares of the electric vehicle giant run by the oft-erratic billionaire Elon Musk rallied to their highest price since early this year in Friday trading, as Musk’s net worth, battered badly by his controversial purchase and leadership of Twitter, closes in on once again becoming the largest in the world. Tesla shares ticked up 3% …
https://wolfstreet.com/2023/06/01/feds-balance-sheet-plunged-by-348-billion-in-the-10-weeks-since-peak-bank-crisis-and-by-580-billion-since-qt-started/ “Total assets held by the Fed dropped by $50 billion in the week, to $8.38 trillion, down by $118 billion for the month and by $348 billion in the 10 weeks since peak-bank-crisis. Quantitative Tightening (QT) continued on track, and as the remaining bank liquidity support measures continued to unwind, according to the Fed’s …
The US will need to refinance almost half of its national debt in less than 2 years. Let's not forget that interest rates were at 0% just 15 months ago. Wait until these debt instruments need to be rolled over at 5% rates. One thing is true: None of us own enough hard… pic.twitter.com/qR7HVVBV1e — …
by Dismal-Jellyfish https://www.sec.gov/litigation/admin/2023/34-97632.pdf Source: https://www.sec.gov/litigation/admin/2023/34-97632.pdf In the Order, the Commission found that BBPLC failed to put into place any internal control around the real-time tracking of securities being offered or sold off of its Commission-registered shelf registration statements. As a result of this failure, between June 26, 2019 and March 9, 2022, BBPLC offered and sold an …
Everyone's talking about how the U.S just hit $1 trillion in total credit card debt But what's more concerning: That number has increased by +$250 billion in just 2 years This doesn't end well pic.twitter.com/LK7oUrne2D — Genevieve Roch-Decter, CFA (@GRDecter) May 31, 2023 U.S. Consumer Debt Piles up to $17 Trillion More, more, more. According …
by Dismal-Jellyfish It gets even more interesting! 1 year ago: 3/16: 18,073.5395 Billion. High was hit 4/13/2022: 18,130.6814 Billion. Over half a trillion in deposits pulled in the last year! Board of Governors of the Federal Reserve System (US), Deposits, All Commercial Banks [DPSACBW027SBOG], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DPSACBW027SBOG, March …