Independent thinking for complex markets and current events
China’s overreliance on real estate has sent its economy tumbling toward 2008-era financial conditions, Kyle Bass told CNBC on Tuesday. “This is just like the US financial crisis on steroids,” the Hayman Capital founder said. “They have three and a half times more banking leverage than we did going into the crisis. And they’ve only …
Authorities say everyone is accounted for but at least twelve people were injured when a building under construction near the Boise, Idaho, airport collapsed. A hangar under construction at an airport in the US state of Idaho collapsed on Thursday, killing three people and injuring nine others, Boise city authorities said. “Three people died on scene, and …
In a significant market development, the 10-Year minus 3-Month Treasury Yield Curve has remained inverted for a historic 278 consecutive trading days, marking the longest inversion in financial history. The inversion has deepened recently, reaching its lowest point since August, adding to economic uncertainty. Notably, Broadcom has emerged as a front-runner in the semiconductor industry, …
JUST IN — Honor guard collapses on live TV in front of the casket of Justice Sandra Day O'Connor. pic.twitter.com/AOE4eZ1d1w — Citizen Free Press (@CitizenFreePres) December 18, 2023 AC
The electric vehicle math isn’t adding up, with average transaction price around $50,000 and gas price nationwide falling to $3 a gallon Despite new electric vehicle market share and sales hitting a record in the U.S. this year, EV growth is starting to slow and fall short of the auto industry’s lofty ambitions to transition away from …
“Plante was answering a question about homelessness in the city when she suddenly stopped talking for several seconds before sinking to the floor. She was conscious when she dropped down. Plante was quickly surrounded by her staff, who asked reporters to stop filming.” https://montreal.ctvnews.ca/montreal-mayor-valerie-plante-collapses-during-press-conference-1.6674017 AC
– Ripple effects will impact U.S. institutional investors, pensions, municipalities, banks and more – US banks getting hit with a liquidity crisis that will only get worse https://www.cnn.com/2023/11/23/business/zhongzhi-enterprise-group-china-insolvent-hnk-intl/index.html https://fortune.com/2023/11/24/china-real-estate-zhongzhi-enterprise-group-shadow-bank-real-estate-crisis/ https://www.bloomberg.com/news/articles/2023-11-22/china-s-troubled-shadow-bank-zhongzhi-warns-of-insolvency#xj4y7vzkg h/t TerraForms
The German economy faces increasing challenges as the latest data reveals a decline in private consumption and a drop in the IFO business confidence index. With household consumption decreasing and trade numbers showing a slump, Germany grapples with economic headwinds that contribute to a 3.8% year-on-year contraction in industrial performance. German Economy’s Downturn Driven by …
Banks are back at the lows of 2023, because manipulated earnings expectations are better than feared. pic.twitter.com/jdnDR9xHUv — Mac10 (@SuburbanDrone) October 24, 2023 https://twitter.com/1CoastalJournal/status/1716947500324823156 🚨Barclays -6.79%PacWest Bancorp -8.90%Banc of California -6.30% https://t.co/vlJ29i67SX — Financelot (@FinanceLancelot) October 24, 2023 #recession … #GFC2 US #Banks edition#Banking $BKX $XLF $KRE $PACW 📉🥶 https://t.co/RCdzN3vXSy pic.twitter.com/1LRhK1Rzkj — Invariant Perspective (@InvariantPersp1) …
View post on imgur.com https://www.dw.com/en/afd-leader-chrupalla-hospitalized-after-violent-incident/a-66998733 #Weidel an einen sicheren Ort gebracht, #Chrupalla „tätlich angegriffen“ (wohl mit einer Spritze. Wachsender Zuspruch für die #AfD —> Establishment fühlt sich bedroht —> Intensivierung des politisch motivierten Terrors. pic.twitter.com/akTrTfG25D — Niels Betori Diehl (@NBD_NBD_NBD) October 4, 2023 h/t dr0id
Section on how the global banking crisis will unfold once the derivatives market blows up, bringing in the new era of The Great Reset & CBDC 👇 https://t.co/Xsb9xXFLQH pic.twitter.com/2a9lnpmoDq — Financelot (@FinanceLancelot) October 4, 2023 Nigel Farage comments on the recent call by unelected head of the European Union, Ursula von der Leyen, for world …
Breanne McKean, affectionately referred to as ‘Bre,’ died at the hospital after collapsing on Friday She had just been announced as a member of the homecoming court The teen was a passionate athlete who earned recognition in volleyball, basketball and softball Ohio homecoming queen contender, 17, collapses and dies on football field during pre-game ceremony …
Traffic referrals to the top global news sites from Meta’s Facebook and X, formerly Twitter, has collapsed over the past year, according to data from Similarweb. Why it matters: Website business models that depended on clicks from social media are now broken. What’s happening: Regulatory pressure and free speech concerns have pushed tech giants to abandon efforts to elevate quality information, leaving the …
by Simon Black There’s something pleasantly reassuring about mathematics: We shouldn’t have any doubts about the fact that 2 + 2 = 4. Yet over the past few years, we’ve started seeing the most absurd assaults on basic science and mathematics. The most hard-core fanatics now assert, with a straight face, that it’s racist to …
“As Canadian, I strongly believe that this country will face one of the biggest collapse in housing bubble. This government, speculators could try to delay it, but no one could stop it. The fact is here, and no one can deny ! History repeats itself, is chosen. It has begun!” As Canadian, I strongly believe …
by confoundedinterest17 Slippin’ into darkness! Bidenomics, that is! Joe Biden is not a friend of the US middle class. The St Louis Fed’s real time GDP tracker known as Nowcast has Q3 GDP at -0.07%. This happening at M2 Money growth collapses. If you want to feel good, check out Atlanta Fed’s GDPNow estimate (housing economist Raphael …
Guest Post by Nick Giambruno via internationalman.com “You have the watches, but we have the time.” The Taliban often referred to this old Afghan saying when discussing their fight against the Americans. Ultimately, they were proven correct. After almost two decades of conflict, an insurgent army from one of the world’s poorest nations inflicted a …
by confoundedinterest17 Bidenomics just got jolted! US job openings in July collapsed by -22.4% to 8.82 million job openings. As M2 Money growth remains negative. You can see the same collapse in growth of job openings in this chart. Apparently, Powell and The Gang at The Federal Reserve have to keep on printing! Here is alleged …
https://twitter.com/BernieSpofforth/status/1688979870955474944
ESPN soccer analyst Shaka Hislop is recovering after he collapsed during a live broadcast on Sunday night in an unsettling moment. The former goalie fell toward co-host Dan Thomas while discussing AC Milan’s friendly with Real Madrid on the field at the Rose Bowl. “ Shak! Shak! We need some help,” an unnerved Thomas was …
Unemployment clearly shows we've been in the same economic cycle since 2010. It never ended. We haven't had the real crash yet, but it's coming. — Financelot (@FinanceLancelot) July 18, 2023 Bullard was the most outspoken Fed member about needing to dramatically raise rates last year. Makes sense he's jumping ship now because the Fed …
via thedailydoom: San Francisco skyline | Photo by Patrick Perkins on Unsplash In the past, I’ve called this event the “Epocalypse” because it will be epic in scale and will eventually be seen as a new epoch in humanity’s economic history that will be apocalyptic in its level of economic destruction. That became the only thing Forbes ever quoted me on when I warned it was …
via wallstreetonparade: Between March 10 and May 1 of this year, three of the largest bank failures in U.S. history occurred. On March 10 the Federal Deposit Insurance Corporation (FDIC) seized Silicon Valley Bank after $42 billion in deposits had exited the bank the day prior with another $100 billion queued up to leave the …
by confoundedinterest17 So much for Biden’s “miracle economy.” Challenger jobs cuts report is out for May and job cuts soared 286.7% year-over-year (YoY). As M2 Money growth crashes.