Independent thinking for complex markets and current events
Stocks dropped on Thursday as investors began to worry about the negative side of the artificial intelligence buildout, which threatens to disrupt the business models of whole industries and raise unemployment. The Dow Jones Industrial Average shed 669.42 points, or 1.34%, to end at 49,451.98. The index was led lower by Cisco Systems , which …
The regional banking crisis is much worse than they make it out to be. Since Aug, banks have tapped the Fed for $863 million, and from May to June, $555 million. As shown by the facility, it is progressively getting worse. Contagion is beginning to look like a reality. The regional banking crisis is much …
Tricolor Auto Holdings just blew up, and the fallout is spreading fast. What was once a quiet giant in subprime car lending has collapsed into Chapter 7 bankruptcy. Cars are gone, loans are unpaid, and billions in debt are floating in the system with nowhere to land. But the real danger isn’t the bankruptcy itself, …
Back in June 2017, we warned that the then largest real estate development firm in China was in topping territory. Here’s an update – plus, learn why those with a stake in U.S. property should keep a close eye.
https://x.com/FatEmperor/status/1848501339556286482 h/t MT Ballsack
Home values are now dropping across states like Georgia, Tennessee and South Carolina. As inventory levels spike and the housing downturn in Florida spreads to other states. Homebuyer demand in 2024 continues to falter, as mortgage brokers are reported a 45% slump in mortgage applications compared to pre-pandemic levels through mid-October. Who wants to buy …
‘A Shigellosis disease outbreak has been confirmed at Victoria’s Esoteric Festival, with festival-goers warned that the highly contagious bowel infection can have dire symptoms. Shigellosis (Shigella) is a bowel infection that is often spread by coming into contact with infected faeces. It can be spread by getting the bacteria on your hands and touching your …
by Chris Black Last summer, I wrote a brief article about how China’s property sector is, structurally, a bubble. And as with all bubbles, policymakers are equipped with a toolkit limited to delaying, mitigating, or perhaps even changing (https://genco.substack.com/p/the-great-financial-reset-of-2009) the inevitable “burst”. And while Beijing has done a mostly admirable job over the past decade …
by Martin Armstrong As we head into 2032, the United States has shown the world that you can rig elections using criminal law. I reported how Argentina was bringing criminal charges against the opposition simply for saying, do not save pesos because the currency is collapsing. Thus, the government has turned that comment into a crime. In …
by Chris Black China’s property sector is, structurally, a bubble. And as with all bubbles, policymakers are equipped with a toolkit limited to delaying, mitigating, or perhaps even changing (https://genco.substack.com/p/the-great-financial-reset-of-2009) the inevitable “burst”. And while Beijing has done a mostly admirable job over the past decade of delaying the debt crisis, a sort-of countdown to …
She’s right This woman brilliantly explains exactly why the trans kids social contagion is the worst social contagion we’ve ever experienced. pic.twitter.com/0WecnjOoDD — Robby Starbuck (@robbystarbuck) July 20, 2023
Forty percent of Brown University students say they are LGBT, suggesting social contagion New survey data from Brown University’s student newspaper provides further evidence that the increase in LGBT identification is driven by social pressures. The latest data show that between 2010 and 2023, identification as LGBTQ+ has almost tripled among the student body at …
5% of American adults under 30 “identify” as trans. 5 years ago, 0.6% of 18-29 year olds said they were trans. That’s not “visibility.” This is a social contagion of a mental health epidemic. pic.twitter.com/SOFpQSDrpC — Vivek Ramaswamy (@VivekGRamaswamy) June 25, 2023 https://t.co/rfUrpKvu5n — 🌋🌋 Deep₿lueCrypto 🌋🌋 (@DeepBlueCrypto) June 25, 2023 https://twitter.com/IamJimCaviezel/status/1673018678512857088 https://twitter.com/VSoien/status/1673220670040207363
via benzinga: PacWest Bancorp shares are trading lower by 28.61% to $14.20 Friday morning. The stock is sharply lower as shares of several regional banks and financial institutions sell off on downward momentum after SVB Financial Group Wednesday announced a $1.25 billion common stock offering. SVB Financial Group was also halted during pre-market trading Friday …
