Independent thinking for complex markets and current events
Property investment in China dropped 9.6% in 2023 from the same period a year earlier, after slumping 9.4% in January-November, according to data from the National Bureau of Statistics. — unusual_whales (@unusual_whales) January 25, 2024
Explore the latest episode of China Update uncovering the turmoil in the Chinese stock market and economy. From panic selling to foreign investors withdrawing, the video delves into the causes and consequences of China’s financial challenges. Will the stock market crash, and is a Chinese Yuan collapse imminent? Get insights on the economic downturn, unemployment, …
PINAL COUNTY, AZ — Four people are dead and a fifth is critically hurt after a hot air balloon crash Sunday morning in Pinal County. Eloy police say it happened around 7:30 a.m. in a rural desert area about five miles north of the town. The mayor of Eloy said that 13 people — eight …
https://www.cnbc.com/2024/01/09/biden-slams-trump-for-hoping-the-economy-crashes-in-2024.html https://drudgereport.com/
by Ron Paul A clip from the 1990 movie Home Alone where the lead character purchases groceries, household goods, and toys recently went viral because he paid a total of $19.83 whereas today the same purchase would cost over three times as much. Ironically, while this evidence of the Federal Reserve’s failure to maintain the dollar’s …
Mark Spitznagel, chief investment officer of Universa Investments, issues a stark warning about the Federal Reserve’s actions, claiming they’ve inflated the “greatest credit bubble in human history.” In a recent interview, Spitznagel painted a grim picture of the U.S. economy, predicting a mega inferno in the form of a major market crash within the next …
by confoundedinterest17 Alarm! New home sales dropped like Biden’s popularity in November, down -12.2% from October. While existing home sales bounced very modestly off record lows in November, it has been the ‘strength’ of new home sales – with buyer heavily subsidized by homebuilders – that has held up the housing market. Of course, investors don’t …
“There is a huge, huge problem that he knows about that he’s not admitting to,” says George Gammon, a macroeconomics expert and host of the Rebel Capitalist Show, in an interview with Daniela Cambone. He explains that the Fed chairman Jerome Powell pushed back on market expectations for aggressive interest rate cuts because he is …
via NYP: As the clock ticks closer to 2024, one outspoken economist is making a dire prediction about the markets in the new year. “Since 2009, this has been 100% artificial, unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. This is off the charts, 100% artificial, which means we’re in a dangerous …
by mark000 Start of June 1929 DJIA was 300. Start of September 380. That’s a 25% gain in 3 months. A full blown delusional manic meltup. Then the worst crash ever in October and by mid November the DJIA was 50% below the September all time high. Outlook is as doomish today. Europe and China …
https://twitter.com/GregCrennan/status/1737172258467254709 Christmas spending increases due to inflation concerns; 24% cite inflation as the reason, while 37% cut expenses, blaming inflation, up from 15% last year. The surge in homelessness, reaching a staggering 653,104 people, unveils a heartbreaking reality in the U.S. Declining assistance packages and a shocking +20% increase in shelter costs since the pandemic …
In a surprising turn of events for the leading stock of 2023, the market cap soared, then failed to confirm its recent Tech high, now lagging behind the overall market. This mirrors the warning signs observed during the last market peak, indicating a potential bull trap. Adding to the concerns, the ISEE call/put index has …
A rush hour collision between two subway trains in Beijing has left 102 people with broken bones, Chinese state media reported. More than 500 people were sent to hospital after the incident, which occurred at about 19:00 local time (11:00 GMT) on Thursday. The trains collided during heavy snowfall while going downhill on the Changping …
By Martin Armstrong Whenever those in Congress mess with real estate, they have ALWAYS, and without exception, caused a major crash. The Entire Savings & Loan (S&L) Crisis was a catastrophic disaster that wiped out nearly one-third of all the 3,234 savings and loan associations in the United States between 1986 and 1995. I previously mentioned that hedge …
by Naive-Historian-2110 In 2008 only 9% of mortgages were delinquent or in foreclosure. it doesn’t matter if half of homeowners have a 2% mortgage. it only takes a seemingly small amount of defaults and delinquencies to send waves. It’s definitely going to be the mother of all crashes. It’s like if the GFC f**ked the …
https://twitter.com/_/status/1732878263322616210 BREAKING 🚨 SAUDI PRINCE TALAL BIN ABDULAZIZ BIN BANDAR AL SAUD HAS DIED – SPA pic.twitter.com/sOJsw77m4p — Insider Paper (@TheInsiderPaper) December 7, 2023 Saudi prince dies in plane crash – media Prince Talal bin Abdulaziz was reportedly killed during a training exercise with the Royal Saudi Air Force https://twitter.com/_/status/1732881968600150485 The West has no idea …
Niagara Falls 🇨🇦 vs Niagara Falls 🇺🇸 This is what happens when you destroy your economy so badly that the only way your dollars can flow back is into property. https://t.co/ft7U8JsfYA pic.twitter.com/YFcGENFX4e — Financelot (@FinanceLancelot) December 7, 2023
“Interest on the federal debt is now so immense that it’s consuming 40% of all personal income taxes… If federal finances continue on their current path, we are only a few years from the entirety of income taxes being needed to finance the debt…” (Article republished from TheBurningPlatform.com) The government collects $2.6 trillion of …
by confoundedinterest17 Even Biden’s press secretary Karine Jean Pierre admitted that all the slogans and hype about Bidenomics is a losing message. The economy is terrible for the middle class and low-wage workers. But excellent for the 1% donor and political elite class. But housing is very important to the middle class … and housing is …
Life is imitating art in increasingly nutty ways. If, in a movie, we’d seen this same crash between a car and a bus that happened in Long Beach, California, we’d have thought, “No way. What are the chances?” A Dodge Charger driver showed us the chances are never zero. The driver, speeding south on South Street toward California Avenue …
Route 3 in Billerica will remain shut down in both directions for the “foreseeable future” after a tanker truck carrying thousands of gallons of fuel crashed on the highway Wednesday morning, state police said. Troopers and firefighters responding to a report of a crash on the northbound side of the highway around 10 a.m. found …
by TonyLiberty The US housing market is at its most unaffordable level in 39 years, with mortgage rates at record highs near 8%. Monthly principal and interest payments on a median-priced home have surpassed $2,500 for the first time since tracking began in 1975. Monthly mortgage payments now consume nearly half of the median household …
Biden's escalation of global conflict right now isn't a coincidence. This has all been planned, coordinated & timed as a narrative of the market crash + bank failures There's more though. They need an incident or false flag to directly blame Iran for the events already in motion https://t.co/hWhNv3iVMI — Financelot (@FinanceLancelot) October 29, 2023 …
https://www.youtube.com/watch?v=aRUEJcosvC8 Phase two of the housing bubble burst is officially here. A major reversal has started as sellers continue to slash prices amid rising mortgage rates. A wave of price cuts is about to change everything in the market, especially with inventory levels increasing while demand is falling off a cliff. This is the turning …
Global trends are signaling a potentially more pronounced inflationary period than experienced in the past, leading to increased scrutiny of central bank strategies amid a surge in the cost of living, amplified by heightened interest rates and geopolitical uncertainty. OpEx is over and we could be on the verge of the greatest market crash we've …
When Japan intervenes to stabilize its currency by selling US treasuries, it can lead to increased US yields and reduced market liquidity. When Japan is forced to intervene in their currency when it hits 150:1 typically it means dumping US treasuries so that can take Yen out of a circulation When they do this it …
It’s probably going to get worse for a while before it gets better. I don't think we are being told the truth about true economic data like inflation or jobs numbers 🚨🚨🚨 pic.twitter.com/L6xrm2sBpp — Wall Street Mav (@WallStreetMav) October 20, 2023 Stock market valuations stand at one of the three great bubble extremes in U.S. …
