Independent thinking for complex markets and current events
Colleague of mine moving out of Dallas because they can't afford their 3400 sq ft house anymore. Listed it for RENT for $6500/month 3 months ago. Zero interest. Seriously, who is going to pay $6.5k/month when you can buy a new build for $4k/month? 🤡😂🤡😂 — AKM (@akm515) July 20, 2023 Rental market right now: …
Weekly data for corporate bankruptcy filings has started to meaningfully deteriorate in recent weeks: Apollo’s Torsten Slok 🤔 What happens to firms that don't generate enough $ to cover interest payments, when they are unable to refinance their junk in recession?https://t.co/YfZkZuxK9E — Eventually Consistent Capital (@EventuallyCC) June 28, 2023 https://twitter.com/EventuallyCC/status/1673764995996471299 The yield curve invertoooor Yield …
via The Telegraph: Germany’s central bank may need a bailout to cover losses on the debt it hoovered up as part of the European Central Bank’s (ECB) massive bond-buying programme, the country’s federal auditor has warned. The Bundesrechnungshof said losses faced by the Bundesbank on more than €650bn (£570bn) of bond purchases were “substantial” and …
Chicago’s new far-left mayor is eyeing a $25 million plan that would cover rent for illegal immigrants, according to the Washington Free Beacon. Oh, you live in Chicago and can barely afford your own rent? Too bad! You will now be paying rental assistance for people who are illegally living in America. https://dailycaller.com/2023/06/22/reaction-chicago-mayor-rent-plan/ https://youtu.be/87rzBtmZzko