Independent thinking for complex markets and current events
Applications to refinance a home loan surged 20% last week compared with the previous week. This as the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.13% from 6.15% The refinance share of applications rose to 55.7%. Mortgage applications to purchase a home rose just 1% …
THIS IS INCREDIBLE: Warren Buffet's Berkshire Hathaway cash as % of total assets SKYROCKETED to 25.0% in Q2 2024, above the Q2 2005 high of 24.5%. Back then Buffett’s level of cash stayed elevated until the end of 2007 when the Great Recession started👇https://t.co/jCbnGnUoe3 — Global Markets Investor (@GlobalMktObserv) September 17, 2024 ⚠️FED'S BALANCE SHEET …
Probably a good time to go Cash, like the G.O.A.T himself: Warren Buffet https://t.co/MsiqVvY6DL — The Rookie Consultant (@TheRookieCons) September 2, 2024 Warren Buffet again on Friday offloaded Bank of America shares. This seventh round of share sales since July, brings the total sales to $6 billion in the 2nd largest bank in the U.S. …
Risk appetite has fallen for a third successive month in August … down to a one-year low of -10% in August from -5% in July pic.twitter.com/s9jGWi2DOw — Win Smart, CFA (@WinfieldSmart) August 14, 2024 Investors increased allocation to bonds, cash, and healthcare … and reduced allocation to equities, Japan, Eurozone, and materials pic.twitter.com/z1TKlEbaF2 — Win …
https://twitter.com/newstart_2024/status/1823348332678234143
Carlos Yulo, the gold medalist gymnast from the Philippines, has indeed been awarded several rewards for his achievements at the 2024 Paris Olympics. These include a cash prize, a condominium, and lifetime supplies of ramen and cookies. 🇵🇭FREE COLONOSCOPIES, CONDOS, CASH, AND COOKIES FOR GOLD MEDAL WINNERS!? The Philippines' first Olympic gold medalist, Carlos Yulo, will …
🚨 REMEMBER 🚨 Australia is only the 2nd country into the developed world to stop legal restrictions on the use of cash! Our campaign against the Australian Government in 2019 – 20 was epic! Our silver round is a celebration of our GREAT VICTORY!https://t.co/obAWaPGwiG — John Adams (@adamseconomics) July 19, 2024 Millions hit by massive …
“Zero dollars in their bank account” A subtle but important point from the email sent out by Biden’s deputy campaign manager I previously discussed. The bedwetting brigade is calling for Joe Biden to “drop out.” That is the best possible way for Donald Trump to win and us to lose. First of all: Joe Biden …
Australian businesses and companies could soon cop huge fines if they don’t accept or carry cash. Politicians Andrew Gee and Bob Katter have introduced a bill that aims to keep physical money in circulation. With the rise of digital payments and wallets, the use of cash has been declining rapidly over the last few years. …
When Noa Khamallah recently tried to pay cash for popcorn and soda at Yankee Stadium, his almighty dollars struck out. The stadium’s concession stands no longer take cash. An employee directed him to a kiosk that could convert his greenbacks into plastic. Khamallah, 41 years old, fed $200 into the reverse ATM, which subtracted a …
Walton Family Sells Massive $1,500,000,000 of Walmart Stock in Three Days On a significant financial maneuver, the Walton Family Holdings Trust has offloaded more than $1.5 billion worth of Walmart stock. This transaction, which involved the sale of 8,823,856 shares, took place over a span of three days, from February 21 to February 23. This …
One of the largest banks in Australia is rolling out a plan to terminate cash and checking services. In an update on its website, Macquarie Bank, which has $267 billion in assets, tells customers that a digital-centered banking experience will begin in November. “In case you missed it, we’re phasing out our cash and cheque services for …
OAKLAND, Calif. (KGO) — Customers no longer have access to dining rooms at most Taco Bell restaurants in Oakland. We spotted signs saying “dining room closed” at the restaurant at 35th Avenue and MacArthur Blvd on Monday. According to reports, four of the five Taco Bells in Oakland are now drive-thru only due to rising crime. …
Fox News host Jesse Watters reacts to the Fani Willis love affair on ‘Jesse Watters Primetime.’
by Chris Black Last Friday the Secured Overnight Financing Rate (SOFR), a repo rate serving as the Fed’s new target reference rate , jumped 6 basis points (6 bps, 0.06) to above the Fed’s target range. SOFR measures (https://www.newyorkfed.org/markets/reference-rates/sofr) the median cost of Treasury repo borrowing. The jump not only caught most people off guard, …
by Chris Black The United States reportedly offered Egypt debt relief in exchange for taking in more than 100,000 Palestinians (https://www.telegraph.co.uk/world-news/2023/10/15/egypt-deal-palestinians-us-debt-relief-israel-gaza-attacks/) from Gaza. Likewise, the European Union is rushing to finalize a deal to ensure that Palestinians who end up in Egypt stay there (https://euobserver.com/migration/157595)with ample funding. Israel’s former ambassador to the US said (https://twitter.com/skynews/status/1714176384778551769): …
by Chris Black Bonds, Bullion, & Black Gold Battered As Hawkish FedSpeak & Inflation Fears Lift The Dollar https://t.co/x8LjjhPw6a — zerohedge (@zerohedge) October 2, 2023 You can’t fix structural problems with a fresh coat of paint and saying everything looks good. The Fed broke everything in 2009. They managed to blow the biggest bubble of …
Without warning all 4 major banks began limiting cash withdraws in various cities Making some branches “cash free” Gov took $1 billion worth of notes out of circulation People are unable to withdraw more than $500 It’s happening WARNING: Australia is going “cash free” W/out warning all 4 major banks began limiting cash withdraws in …
Everything the Mainstream Media has told you to ignore for 8 years as “Crazy, Rightwing-Nut Conspiracy Theories!” has turned out to be true. They even impeached the legitimate President of the United States for daring to look into it. The DOJ has known all of it for years. So they’re destroying Trump’s life to protect …
by TheReignOfChaos Raise interest rates so the ‘sensible’ investment decision is to hold cash; why would they invest in assets and risk a market crash when cash is returning 5, 6, 7%? Meanwhile, buy assets as the currency inflates. Finally destroy the currency, leaving everyone holding money destitute. Force everyone to use a CBDC as …
