Independent thinking for complex markets and current events
by confoundedinterest17 Bidenomics is terrible! Just a huge payoff to be big donors (the donor class) for green energy, Big Pharma and Big Defense. Now Biden is considering using ankle monitors to prevent illegal immigrants from leaving Texas and traveling to welfare-friendly blue states like California and New York rather than just enforcing the border. …
Default rate on credit card loans from small lenders is now higher than: Dot Com bubbleFinancial CrisisC-19 Buckle up. pic.twitter.com/1dBkzHOI1X — Bravos Research (@bravosresearch) September 7, 2023 Americans are defaulting on their credit cards and auto loans at levels not seen since the financial crisis. The current accumulation rate of credit card debt may lead …
https://www.youtube.com/watch?v=ukd4IwZLF8o Two of the world’s biggest credit card issuers, Visa and Mastercard, are warning about an impending credit card crisis, and consumers should be on high alert because fee hikes will start being introduced over the next 30 days. Both payment technology companies said they also intend to raise credit card fees paid by merchants …
by confoundedinterest17 Thanks to Bidenomics, code for massive Federal spending on green energy initiatives and payoffs fo large donors, we have agonizing inflation and consumers are borrowing more and more to cope with inflation. And with the increased use of debt comes …. drumroll … delinquenices! Let’s start with mortgage loans, the overall delinquency rate …
US records highest credit card debt level at $1.03 trillion, 4.6% increase from Q2, with 20.63% interest rate, 47% cardholders carry monthly balances, and $7,227 average debt, with Connecticut and New York having the highest. ✅ US credit card debt surpassed the one trillion dollar mark and is now at the highest level ever recorded …
Banks are tightening lending standards consistent with levels that have ALWAYS led to a recession Buckle up pic.twitter.com/OjXqe4OpZN — Bravos Research (@bravosresearch) September 4, 2023 https://twitter.com/RJRCapital/status/1698498854453227530 The current yield curve inversion is at the same level as 1928. Let that sink in. pic.twitter.com/zEEaqCMETP — Bravos Research (@bravosresearch) September 4, 2023
Scary Halloween in markets? 🎃 👻 “Consumer confidence fell more than expected in August, while delinquency rates among credit cards issued by smaller banks are the highest on record, according to data from the Apollo Group…Payments on approximately $1.1 trillion of federal student loans will resume in October, potentially setting consumers up for a “payment …
Global stock markets peaked a month ago at the end of July. Then fell for the first three weeks of August. Today, Nasdaq breadth was strongest since the market top. September will be hell. pic.twitter.com/FST2UcLsci — Mac10 (@SuburbanDrone) August 30, 2023 The FDIC is literally using the same script as 2020… They're changing the reserve …
‘JUST IN: China to cut interest rates on $5.3 TRILLION of mortgages to support their economy. The last time China did this? In the 2008 financial crisis. The move comes just after they cut taxes on stock trades and considered banning short selling of stocks. Is China on the brink of a credit event?’ JUST …
Credit conditions are likely to worsen in H2 2023 Commercial bank deposits have been contracting sharply, pointing to a decline in lending pic.twitter.com/L2HRt5ZT1n — Bravos Research (@bravosresearch) August 30, 2023 High bond yields imperil America’s financial stability Don't forget, $140 billion in OCE loans by these banks are required to be paid back to the …
People are moving money from banks to money market funds due to high interest rates This means banks will have less money to lend and they will be more careful with who they lend to Credit availability is going to be a major concern for businesses pic.twitter.com/QaR7CLAtM4 — Bravos Research (@bravosresearch) August 29, 2023 Financial …
by BrutalBodyShots Many of us give the [sound] advice of “always pay your CC statement balance in full monthly” as it’s the right approach for financial health. Those new to credit cards get confused by the difference between the statement balance and the “minimum payment” required. That’s exactly what the credit card companies want, as …
by Dismal-Jellyfish Source: https://www.reuters.com/business/finance/credit-suisse-posted-4-billion-loss-2q-sonntagszeitung-2023-08-27/ Credit Suisse, which is now a subsidiary of UBS (UBSG.S), posted a loss of 3.5 billion Swiss francs ($4.0 billion) in the second quarter of 2023, according to a report in the Sonntagszeitung, which cited insiders at the bank. Spokespersons for UBS and Credit Suisse declined to comment. Credit Suisse had already …
Macy’s executives have warned of a spike in customers failing to make credit card payments thanks to unprecedented pressures on household finances. The department store has seen its credit card revenue plunge by 36 percent this year due to the rise in delinquencies. Bosses said they had expected to see a rise in delinquencies post-pandemic …
Chinese stocks are now underperforming US stocks by the most since 2001. Meanwhile, China’s HY real estate index is down a massive 82% in just over 2 years. This puts the index back down to 2008-levels. Adding to this, Evergrande just filed Chapter 15 bankruptcy. All while China just “unexpectedly” cut interest rates. Is China …
https://twitter.com/leadlagreport/status/1694696850584994092 https://twitter.com/NorthmanTrader/status/1694752843645833328 Bearish engulfing pattern on the $qqq after failing at its 50-day moving average pic.twitter.com/zKzYaAO1Tv — Michael J. Kramer (@MichaelMOTTCM) August 24, 2023 look at on SPX pic.twitter.com/iqJiKCw4Lo — Michael J. Kramer (@MichaelMOTTCM) August 24, 2023 Narrative violation: Dealership service volume has officially hit a *5-year low* for the month of July. 5-YEAR-LOW. (Service …
Delinquency Rate on Credit Card Loans, All Commercial Bank. The “resilient consumer” choochoo train is slowly but surely headed towards the cliff. We have been saying it almost forever, but the train is closing in slowly for the big crash. NORDSTROM: “.. we have seen delinquencies rising gradually and they are now above pre-pandemic levels, …
The cut in the money supply has been going on for a while… US Corporate Bankruptcies Are On The Rise https://t.co/bmTueOcLEx — zerohedge (@zerohedge) August 24, 2023 AC
Xbox introduces new strike system to curtail bad behavior Xbox will issue strikes for behaviors it deems “bad”, with suspensions and one years bans depending on what one did and how many strikes. As per The verge article “In the new system, if a player violates the Xbox community standards, they’ll receive a strike. The …
For the first time in history, the median monthly mortgage payment is nearing $3000/month. Mortgage rates are now at their highest since 2002. Inflation has made many basic necessities into unaffordable things. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) August 20, 2023 https://t.co/iEvXXZxXfn — Win Smart, CFA …
It is mid 700 While having a perfect 850 credit score is impressive, you don’t necessarily need it to unlock the best benefits. “Typically, once you hit the mid-700s, you’re considered to have excellent credit and there’s no practical benefit to scoring any higher,” says Ted Rossman, Bankrate’s senior industry analyst. “It’s just bragging rights …
Economy and stock market is about to melt down. People have no savings left and cannot keep their heads above the rising tide of inflation. https://twitter.com/_/status/1692500764524986609 SAN FRANCISCO (KGO) — This week, for the first time, American credit card debt surpassed $1 trillion. Getting into credit card debt at any time is not good, but …
JUST IN: Target, $TGT, says stores have seen a 120% increase in theft involving violence the first 5 months of 2023. Earlier this year, Target said they expect to lose $1.3 BILLION due to theft in 2023. This is up $500 million from theft losses in 2022. Rising retail theft is… pic.twitter.com/Xav6ZxdzY7 — The Kobeissi …
From Peter Reagan at Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: U.S. credit rating and de-dollarization, China boosts official gold reserves for 9th consecutive month, and South Africa’s gold mines are under heavy stress. What does the U.S. credit downgrade …
by DesmondMilesDant Only thing left is Student loan (start sept) and Mortgages (start once you lose your job next yr)
via YAHOO: WASHINGTON (AP) — Even President Joe Biden has some regrets about the name of the Inflation Reduction Act: As the giant law turns 1 on Wednesday, it’s increasingly clear that immediately curbing prices wasn’t the point. While price increases have cooled over the past year — the inflation rate has dropped from 9% …
by confoundedinterest17 Bidenomics, which is also Yellenomics (the former Fed Chair and current Treasury Secretary) has The Good, The Bad and The Ugly to say for it. First, The Good! The Atlanta Fed’s GDP Now real time GDP tracker has Q3 GDP at … 4.12%. Pretty good, but bear in mind that there is still more than …
