Federal Reserve Alert! Fed Releases Public sections of July 2023 Resolution Plans aka “Living Wills” for: Bank of America, Bank of New York Mellon Corp, Citigroup, Credit Suisse, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street Corp, and Wells Fargo & Co. July 13, 2023 10:00 pm
A Credit Card Bombshell Just Hit (And Why It Will Affect Everyone, Even Those Without Credit Cards) July 11, 2023 10:01 pm
Unusual low used car supply leads to accelerated deflation due to Credit Crunch and new incentives. July 11, 2023 10:14 am
Leading economic indicators point to a worsening economy; Economy relies on credit; expensive credit impacts. July 13, 2023 1:44 pmJuly 10, 2023 3:19 pm
Bidenomics! Bank Credit Slows To 0.5% YoY, Lowest Since 2011 As Fed Hikes To Fight Bidenflation (41+ Countries Sign On For BRICs Gold Standard) July 10, 2023 10:19 am
Bidenomics? US Bank Credit Growth Approaches Stall Speed (0.7% YoY) As M2 Money Growth Reverses Course, But Still Negative Growth At -4% YoY (Biden Contemplates Blocking The Sun To Prevent Global Warming!) July 2, 2023 10:00 pm
Personal savings drop, lowest since 2013 amid high credit card debt and interest rates. July 2, 2023 7:41 am
Credit Suisse reported 9,000 late trades, over 500,000 inaccurate TRACE reports; only 900k fines imposed. July 1, 2023 7:08 am
Consumer borrowing is increasing at an unprecedented rate…Using credit to chase inflation July 1, 2023 10:44 pmJune 30, 2023 7:51 am
Swiss National Bank in its 2023 Financial Stability Report on Credit Suisse: “these observations also raise questions regarding the ability of the Too Big To Fail “TBTF” framework to oblige a systemically important bank to take sufficient corrective action in a timely manner” June 22, 2023 10:17 am
Credit Card Bombshell: You Won’t Believe What Credit Card Companies Are About to Do June 21, 2023 9:20 pm
Average monthly rent, credit card, car payments exceed $3,225 per person. June 21, 2023 7:19 amJune 20, 2023 3:10 pm
Swiss National Bank, in guessing, provides liquidity “for purpose” for Credit Suisse’s toxic positions…from my vantage/assessment, “infinite liquidity” would be a closer approximation. June 20, 2023 9:43 am
Stanley Druckenmiller is concerned about corporate profits falling due to credit tightening. June 17, 2023 9:52 pm
Retail sales are flat. Credit growth has continued to decelerate. Bankruptcies raising rapidly June 17, 2023 7:44 am
Yellen the Felon calls consumers binging on credit evidence of a “strong economy.” What happens when tapped-out Murican debt donkeys start defaulting on their soaring credit card bills? June 9, 2023 9:10 am
Gary Gensler: “In the Dodd-Frank Act of 2010, Congress directed federal agencies, including the SEC, “to remove any reference to or requirement of reliance on credit ratings” from our rules and to substitute an appropriate standard for credit-worthiness This final rule fulfills Congress’s wishes” June 7, 2023 10:21 pm
In April, consumer credit (AKA consumer DEBT) increased at a seasonally adjusted annual rate of 5.7%. Revolving credit (credit cards) increased at an annual rate of 13.1% , while nonrevolving credit (student loans, personal loans, mortgages) increased at an annual rate of 3.2%. June 7, 2023 10:12 pm
Despite Getting Whacked by Bank Turmoil, Layoff News, Credit Crunch, High Interest Rates, and Inflation, our Drunken Sailors Spent Even More, Even Adjusted for Inflation June 1, 2023 7:41 pm
U.S. credit card debt has increased by $250 billion in two years. U.S. consumer debt piles up to $17 Trillion! June 1, 2023 4:56 pm
Jay Powell’s Fed hasn’t yet realized the full gravity of what’s coming… There are clear risks of devastating market crashes, domino bank failures, a highly destabilizing Credit contraction May 31, 2023 10:59 amApril 3, 2023 12:25 am
Credit union just retracted their offer 3.7% interest CD May 31, 2023 10:58 amMarch 13, 2023 12:44 am