A hub for independent voices and hard truths
by thetimeisgold The World Bank is warning that oil prices could be pushed into uncharted waters if the conflict in the middle east escalates. (Info here) They said oil prices could hit $150 If oil prices rise significantly, it could drive inflation higher, which could call for echos of the 1970s. …
If this continues, it won’t end well pic.twitter.com/Fw6sOnKGkN — Bravos Research (@bravosresearch) October 29, 2023 🇺🇸 US non-revolving consumer credit -9.8% monthly change. In #recession territory! Chart: @JeffWeniger pic.twitter.com/4cMMHIBZEQ — Alex Joosten (@joosteninvestor) October 29, 2023
A concerning pattern of ongoing divergence emerges, with a clear mismatch between restricted access to loans for small businesses and the historically low initial jobless claims. https://twitter.com/joosteninvestor/status/1716297211158401494 It’s a layoff winter underway already…. Nov/Dec claims should be interesting. So much for those 170k salaries too for drivers… https://t.co/fp08GlNHPj — Don …
Looks like they are circling in the vicinity of the USS Ford. May be a pending major strike from the Ford on a Mid-East Target. They were fed Steak and Lobster the other day. A tradition before a major battle. Stay tuned for updates. 🇺🇸3 x Boeing KC-135R Stratotanker pic.twitter.com/0igT3vlrOy …
via schiffgold: Problems in the commercial real estate (CRE) sector continue to bubble under the surface. This is a major stress point for US banks and could precipitate the next phase of the financial crisis. A combination of high interest rates and declining tenancy is putting the squeeze on commercial …
The US’s mountain of debt has become a cause of concern for investors this year. The government is likely to spend more on interest payments than on defense over the next five years, per Capital Group. The ballooning debt burden could eventually chip away at the demand for Treasury bonds, …
🚨🚨🚨 The average 30-year fixed mortgage rate hits 8.00% for the first time since 2000. Taking into account mortgage rates, incomes, and house prices, October 2023 stands out as the least affordable month for U.S. housing this century. Spread: 308 bps pic.twitter.com/2MH8BlaXJM — Lance Lambert (@NewsLambert) October 18, 2023 Ladies …
Chinese property stocks are on track for a 14-year low, as stress in the sector continues to rise amid slumping home sales and deepening debt woes for major developers, per Bloomberg. — unusual_whales (@unusual_whales) October 18, 2023 Fears that Country Garden will defaultAre growing by the day pic.twitter.com/Shl9wCMNca — Longview …
🇯🇵 But the government's room for manouevre is limited as Japan has the industrial world's heaviest debt, and a supplementary budget of that size would make it even harder to meet a target to balance the primary budget, excluding new bond sales and debt servicing costs, by fiscal… https://t.co/MkCeWJ8KGL — …
As companies face increasing costs and other challenges, corporate earnings might soon start to fall, and this could impact the stock market during an important earnings season. Now is not the time to disregard this chart during what could be the most important earnings season of this business cycle. Corporate …
With no materials being delivered, the construction industry could be next to see employment fall off a cliff. The projects that were keeping blue collar workers employed are finishing up and coming to an end with no new projects starting. And then the dominoes continue on… — Modern Day Jedi …
by TonyLiberty China’s population decline and Real Estate slump could lead to economic collapse per Geopolitical analyst Peter Zeihan. He believes that China’s collapse is imminent, with only 10 years remaining before potential disaster. He estimates that China’s actual population is lower by 100 million than what the government has …
A new California law will expand the state’s ability to force residents who are suffering from severe mental illness and addiction issues to get treatment. Senate Bill 43, signed into law by Gov. Gavin Newsom (D) Tuesday, expands the definition of “gravely ill” to include people unable to provide basic …
America’s economy could be thrown into turmoil by the war between Israel and Hamas, analysts have said – warning that the dollar could be impacted and oil prices swiftly affected. The conflict may lead to higher inflation in the United States, which would be a significant problem for President Joe …
In the last 24 hours: – Mortgage rates hit +8.09%– Credit card interest rate hits record high– Car loan interest rate hits highest since 2001– Oil prices jump highest in 6 months– China planning +$137 billion stimulus– War continues on in Israel But guess what? Stocks are… — Genevieve Roch-Decter, …
From a government spending perspective, the increasing tensions between Israel and Hamas arguably carry an even greater significance. Unlike the Russia-Ukraine war, the recent conflict will likely receive bipartisan support for additional military aid due to Israel's strong… pic.twitter.com/gbvZW5MqKq — Otavio (Tavi) Costa (@TaviCosta) October 9, 2023 Winners: Weapon-makers: Lockheed …
by DesmondMilesDant Asset managers are holding more stocks than they have in more than ten years. (Previously) : Asset managers got hammered this year when bond yields went a lot higer than exp in a short amount of time. A 100bps+ jump vs 200+bps in 1987. We are currently witnessing …
This is a new very bad development as until recently Evergrande was facing “just” a restructuring. Liquidation = death. Panic then possible as many others potentially in line for the same fate. Decision date is Monday 30 October, in 20 days. via YAHOO: (Bloomberg) — A group of offshore creditors …
by waitingonawait Friend thinks this will be a nuke to the economy. https://www.reuters.com/world/china/chinese-developer-country-garden-faces-fresh-offshore-payments-deadline-2023-10-09/ HONG KONG, Oct 9 (Reuters) – China’s Country Garden (2007.HK) may announce a restructuring plan for its offshore debt soon, local media reported on Monday, as the country’s largest private property developer faced another looming debt deadline. The developer, …
by absoluteunitVolcker I wonder if these drugs become popular enough, could they have a bigger impact on big food and beverage chains DPZ, QSR, MCD, PEP, KO, etc.? https://www.forbes.com/sites/mollybohannon/2023/10/04/walmart-exec-reportedly-says-ozempic-could-be-impacting-food-sales-slight-pullback-in-overall-basket/?sh=2906bc3d66a7 Walmart is studying changes in sales patterns by looking at anonymized shopper data and comparing that of people who take a …
It’s happening, sooner than we think… but those who can fly on private/perosnal jets will be excluded. Travel firm warns holidays could be restricted by carbon passports International travel could be restricted by carbon passports as global temperatures rise, a holiday company has warned. A report by Intrepid Travel claimed …
Economist and philosopher John Maynard Keynes is famous for saying that markets can stay irrational longer than you can stay solvent. As the Australian dollar (AUD) plunges, Aussie importers and international travellers must wonder if he was referring to them. The AUD is once again swooning towards new lows. In …
Pope Francis has suggested he would be open to having the Catholic Church bless same-sex couples. Responding to a group of cardinals who asked him for clarity on the issue, he said any request for a blessing should be treated with “pastoral charity”. “We cannot be judges who only deny, …
https://www.zillow.com/homedetails/812-N-Record-Ave-Los-Angeles-CA-90063/20646595_zpid/ 1 bedroom 1 bath 400 square feet That’s only $2385 a month mortgage. h/t The Don Of Nantucket
by absoluteunitVolcker TL;DR Largest ever healthcare workers strike could begin if a deal is not reached by midnight Saturday. Contract for 75,000 workers is set to expire. The union would like 6.5% raises first two years and 5.75% raises next two years. IMHO strikes across the country are evidence that …
"47% of my income goes to rent currently" "I could never buy a home; I currently don't save any money" How will this younger generation ever be able to afford anything? 🔊 … 🚨🚨🚨 Cost of living for rent and food has gotten too far ahead of real income. It …
The “free speech” website that hosts Russell Brand could be forced out of the UK under new online safety laws, experts have said. Rumble, a video-sharing platform based in North America, has become home to Brand and other figures with extreme views, including Andrew Tate and Alex Jones, the conspiracy …
Since the creation of the Fed in 1913, US federal debt has on average doubled every 8-9 years. By 2036 US debt could be approximately 100T. If we make it that far lol. How do we get out of this financial mess? Neither party in DC seems able or willing …
