Independent thinking for complex markets and current events
What if your credit card had no limit – and you never had to pay the bill? That’s how Washington has treated the national debt for 25 years. But now even former insiders are warning: the free money is coming to an end… By Peter Reagan A credit card that can NEVER be declined Let’s be honest: …
by Michael Did you know that U.S. households are carrying $1.18 trillion in credit card debt? Considering the fact that the average rate of interest on credit card balances is now over 20 percent, that is not good news at all. Sadly, most of the country is just barely scraping by from month to month in …
UPS is closing 73 buildings and cutting 20,000 jobs. Amazon volume is down 50 percent. That’s not automation. That’s collapse. UPS says it’s “reconfiguring the network” but the closures are concentrated in retail-heavy states where consumer demand is evaporating. Q2 revenue fell nearly 3 percent. Peak season plans? Not submitted. That means retailers don’t know …
CNN host casts doubt on Epstein letter tied to Trump conversation. IMO- this was an attempt by the WSJ to cover for Obama on the Tulsi drop. They were probably tipped off by some holdover inside the DNI. — OG MAGA CANMAN 🦅🇺🇸 (@Ca30199057Chris) July 19, 2025
Why it matters: Japan is the largest foreign holder of U.S. Treasuries, and even the vaguest hint that it could dump those holdings is powerful leverage with the administration. Following through on the threat could cause interest rates to spike. Catch up quick: Japanese Finance Minister Katsunobu Kato said Friday that the country’s $1.13 trillion …
🇺🇸⚡️- DownDetector shows a massive spike in outages reported among all major payment processors, banks, and card companies, including Visa, Wells Fargo, First National Bank, Discover, CashApp, and more. https://t.co/aFBawTDo2H pic.twitter.com/I6SR4QvZzO — Rerum Novarum // Intel, Breaking News, and Alerts (@officialrnintel) April 30, 2025
MEXICO AGREES TO SEND WATER NORTH, AVOIDS TARIFFS AFTER TRUMP PRESSURE Mexico agreed to send more water to the U.S after falling behind on a decades-old deal — and things were getting tense. Texas farmers were furious, Trump froze water shipments to Tijuana, and Mexico’s president Claudia Sheinbaum had to strike a deal fast to …
https://fred.stlouisfed.org/series/RCCCBSHRMIN h/t kmmeow1
Yields are more likely to crash in the coming months, not the opposite. pic.twitter.com/QNo5b0NzIb — Guilherme Tavares (@i3_invest) April 25, 2025 Hardship 401k withdrawals running 15-20% above norms pic.twitter.com/C4VOxqXuNB — Special Situations 🌐 Research Newsletter (Jay) (@SpecialSitsNews) April 25, 2025 This is stunning: 44% of Americans now believe they will be WORSE OFF financially in …
The pressure is not just building. It is bursting through the seams. More than 5,300,000 student borrowers are now in default. Another 4,000,000 are about to be hunted down when federal collections resume on May 5. These are not small figures. They represent lives unraveling under debt that was never meant to be repaid in …
2/ From 1940s to 1970s, Americans used to save around 10% of their annual income But today, savings relative to income is almost near 0% pic.twitter.com/aEsoNYSKiZ — Bravos Research (@bravosresearch) April 18, 2025 4/ Today, the personal savings rate has dropped to 4.6% This is historically a very low level pic.twitter.com/us3oz4YLN0 — Bravos Research (@bravosresearch) …
by Michael More than 100 countries around the world have a national ID card. Now the United States has one too. Starting on May 7th, you will be asked to show a REAL ID card if you want to fly on an airplane. Once authorities have established that precedent, it is just a matter of time …
Nationally, math and English scores were flat or fell. LAUSD did better in fourth-grade math, a bright spot. Students are reading less for pleasure. Instead of hoped-for improvements from pandemic-era campus closures, math and English test scores of fourth- and eighth-graders largely held steady or declined nationwide — results that were about the same in …
It’s a frightening reality about the state of American consumer debt that at the end of 2024, the Federal Reserve Bank of St. Louis indicated that Americans owe more than $1.21 trillion in credit card debt. This was up $45 billion from the third quarter of 2024 and was 7.3% higher than the same debt …
Donald Trump shows off the Trump Gold card which costs $5 million and grants you residency in the United States pic.twitter.com/TnWrKtmRA6 — Daily Loud (@DailyLoud) April 4, 2025
CBS News is now arguing that the FCC investigation into its “60 Minutes” interview edits violates the First Amendment. After initially denying the edits, they’ve flip-flopped and now play the free speech victim. The media outlet is essentially trying to dodge responsibility for misleading viewers. It’s a classic case of shifting blame and covering up …
A federal judge on Monday scheduled a Wednesday court hearing for Mahmoud Khalil, a recent Columbia University graduate who was arrested by U.S. Immigration and Customs Enforcement (ICE), forbidding the government from moving forward with deportation efforts before then. Lawyers for Khalil, a green card holder and leading pro-Palestinian demonstrator whose arrest was cheered by …
Credit cards hitting new highs = Americans having to use debt to buy basic necessities BREAKING: Credit card balances have hit a record of $1.21 trillion, per NY Fed. — unusual_whales (@unusual_whales) March 6, 2025 People think inflation is over blah blah blah. The truth is when prices go up they stay up! How many …
Credit card interest rates are too damn high, according to an unlikely combination of politicians who’ve recently drawn attention to the subject. Money experts agree credit card debt can be a major challenge for many card users. At 20.1 percent, the average credit card interest rate imposes a steep penalty in the form of interest …
US Bank has recently launched the US Bank Smartly Visa Signature Card, an enticing option for those who maintain a high balance in their accounts. This card promises substantial rewards, offering up to 4% cash back on all purchases for customers who keep a qualifying balance of $100,000 or more. This innovative approach is part …
Many credit card users operate under the assumption that annual fees are non-negotiable, but this isn’t always the truth. One can discover this by contacting their credit card provider to discuss the annual fee. With a courteous request for either a waiver or a reduction, one might be offered a retention deal, saving potentially significant …
by Mike Maharrey With American consumers using credit cards to make ends meet month after month, and interest rates well over 20 percent, it’s only a matter of time before the spending spree comes to an end. After all, credit cards have this inconvenient thing called a limit. And there are increasing signs that the …
From NBC News: With new fee increases and more shoppers ditching cash, small businesses urge their customers to consider sticking with bills and coins. Many small businesses are breathing a bit easier as inflation has cooled and the race for workers slows. But consumers’ steady embrace of credit cards is taking a growing bite out of …
To start, here's a chart of US credit card serious delinquency rates for subprime borrowers. Subprime credit card delinquencies have risen 7 percentage points in just ~15 months. These borrowers reflect a WHOPPING ~23% of the consumer credit market, according to Fed data. pic.twitter.com/mNUaNwc0GB — The Kobeissi Letter (@KobeissiLetter) January 2, 2025 Meanwhile, US multi-family …
https://archive.is/20241230130345/https://www.ft.com/content/c755a34d-eb97-40d1-b780-ae2e2f0e7ad9 “High-income households are fine, but the bottom third of US consumers are tapped out,” said Mark Zandi, the head of Moody’s Analytics. “Their savings rate right now is zero.” US economy so STRONG. Just ignore 110 million bottom turd of society. F**k dem riffraff right? h/t mark000
I YOLO’d $35,000 in Credit Card Debt at 0% into Bitcoin @ $44,000 byu/yysleezy inwallstreetbets
Was at the Apple Store yesterday to get some upgrades before the tariff war increases prices, this was literally the worst holiday sales the store has seen (per employee) Its so bad you can see the 0 demand for the Vision Pro, totally worth the 40X. 2 weeks before xmas lol pic.twitter.com/nhhdizGBQy — The Punisher …
(By Carleen Johnson at The Center Square)—The average American household credit card balance as of the third quarter of 2024 was about $10,757 after adjusting for inflation, according to a new study. The personal-finance website WalletHub on Friday released its new Credit Card Debt Study, which found that consumers added $21 billion in debt during …
Cut the rates they said, banks will lower credit card APRs they said pic.twitter.com/bZlIeLwr0i — zerohedge (@zerohedge) December 6, 2024 chart goes to Q3. In fact that's when it spiked… just after the "rate cut" https://t.co/jyVxbrcK8T — zerohedge (@zerohedge) December 6, 2024
