credit Archives - Page 16 of 18 - Citizen Watch Report

The Commercial Real Estate/Small Bank Boogie! CRE Crisis Could Cause Small Banks To Collapse (Bank Credit Growth Now Negative As 10Y-2Y Yield Curve Remains Inverted)

August 11, 2023 3:38 pm

by confoundedinterest17 We are back in the USSR! And the economy taking commands from Washington DC! Introduction During the COVID-19 pandemic the occurrence of remote work jumped, out of sheer necessity. The technology was already available, but the pandemic accelerated its adoption and bypassed the hesitation of employers to allow people working from home. In many cases, …

Bankruptcies steady drumbeat- JP Morgan… Credit is the next shoe to drop says Guggenheim CIO

August 11, 2023 3:09 pm

Bankruptcies steady drumbeat- JP Morgan$HYG $JNK $BKLN pic.twitter.com/izoky5PRZl — Win Smart, CFA (@WinfieldSmart) August 11, 2023 Credit is the next shoe to drop says Guggenheim CIO$HYG $JNK $BKLN pic.twitter.com/4x2DbwJiec — Win Smart, CFA (@WinfieldSmart) August 11, 2023 The Credit Market Is ‘Next Shoe to Drop’ The chief investment officer of Guggenheim Partners, managing over $225 …

US Credit Card Debt Pops $1 Trillion

October 18, 2025 9:25 pmAugust 10, 2023 7:20 pm

by Chris Black These people tell you they’re creating a utopia of mutilated kids, endless war, and blacks going buckwild. Meanwhile in the real world: RT: Credit card balances in the US rose by $45 billion in the second quarter, surpassing $1 trillion for the first time ever, the New York Federal Reserve Bank reported …

Bond credit ratings companies slow to act, more bank failures on the way.

August 9, 2023 9:41 pmAugust 9, 2023 4:01 pm

The bond credit ratings companies are always slow to adjust. There will be many more bank failures in the next 24-36 months. Probably every regional bank with exposure to commercial real estate should be downgraded at this point. 🔊 https://t.co/96qIsxGVGN — Wall Street Mav (@WallStreetMav) August 9, 2023 Fitch delayed the U.S. credit rating downgrade …

Credit card debt hits $1T for the first time ever

August 9, 2023 8:19 am

Americans are increasingly turning to their credit cards to cover everyday expenses, with debt surpassing $1 trillion for the first time at the end of June, according to a New York Federal Reserve report published Tuesday. In the three-month period from April to June, total credit card debt surged to $1.03 trillion, an increase of …

Yellen calls rising credit card debt the sign of a strong consumer. No, Janet, it means tapped out consumers are sinking further into debt they can’t possibly repay.

August 9, 2023 6:34 amAugust 8, 2023 10:05 pm

The US has $17.1 trillion in household debt, $12.0 trillion in mortgages, $1.6 trillion in auto loans, $1.6 trillion in student loans, and $1.0 trillion in credit card debt. pic.twitter.com/xU9iQN2f5f — MapleMAGA 🇨🇦🇺🇸 (@MapleMAGAw5) August 8, 2023 US Total Household Debt Hits an All-Time High of $17 Trillion; Credit Card Debt Also Sets New Record …

Revere Repo Alert! Reverse repo counterparties list updated: Farm Credit Bank of Texas, Credit Suisse AG, New York Branch, and Schwab US Treasury Money Fund have been added to the list of reverse repo counterparties, effective August 8, 2023

August 8, 2023 3:32 pm

by Dismal-Jellyfish Source: https://www.newyorkfed.org/markets/rrp_counterparties#additions-and-removals

New York Fed: Total Household Debt Reaches $17.06 Trillion in Q2 2023 (increased by $2.9 trillion since the end of 2019); Credit Card Debt Exceeds $1 Trillion for the first time. The Debt Time Bomb is Ticking…

August 8, 2023 3:16 pm

by Dismal-Jellyfish https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2023Q2 https://www.newyorkfed.org/microeconomics/hhdc.html Wut mean?: Credit Card Balances: A notable increase of $45 billion to a record $1.03 trillion, along with a rise in credit card account limits to $4.6 trillion. Mortgages: Balances remained steady at $12.01 trillion. Mortgage originations, including refinances, were at $393 billion, up by $70 billion from Q1. Auto Loans: Increased by $20 …

Both tax receipts and US revolving consumer credit are down

August 8, 2023 10:50 am

by DesmondMilesDant 40.3 points in August from 41.3 in July '23, US Economic Optimism Index drops again. Lowest since October. A hint for the wise is enough. pic.twitter.com/5VfoIjjV7i — Don Johnson (@DonMiami3) August 8, 2023 “Soft landing” news on @business is now higher than in 2000 and 2007. #macro https://t.co/4hl26TWkMQ pic.twitter.com/j329uSp4ch — Kantro (@MichaelKantro) August …

The American credit card fiasco has come to an end… revolving credit fell -$600M , the first decline in 2yrs… Shrinking number of Americans can afford a $400 emergency expense …

August 7, 2023 8:35 pm

The American credit card fiasco has come to an end… 🫡 pic.twitter.com/CPOuXQPdXL — Don Johnson (@DonMiami3) August 7, 2023 The decline in revolving credit outstanding suggests Americans may be starting to cut back on credit card usage – BBG notes “If sustained, a broader spending pullback could threaten the expansion” Yes, obviously (credit card debt …

Prestige Biotech, a Chinese biotech firm, an illegal California lab and received a $360,000 tax credit, thanks to Gavin Newsom’s office.

August 5, 2023 9:41 pm

Definitely worth taking a look at:https://t.co/QqVQZE6wmq — THATJennCheng (@THATJennCheng) August 5, 2023

US Credit Rating & the Sovereign Debt Crisis

August 3, 2023 10:00 pm

by Martin Armstrong QUESTION: What do you make of the US debt downgrade? Do you think this has anything to do with indicting Trump in three courts? I know many people decided to donate to Trump today, even for the first time, as a sign of disapproval of the Biden Administration and the RINOs. HJ ANSWER: …

Fraudulent Covid employee retention tax credit holding up US economy

August 3, 2023 1:23 pm

I’ve seen the commercials on TV, get free money by claiming your business tax credit, we’ll get a check for you. Equivalent to the ambulance chasing lawyer commercials. Not sure how long this can go on, but $20-30 billion per month flowing into businesses from this program. October 1st is when student loan pause is …

US Credit Downgrade: The Perfect Storm for Our Country and Currency

August 3, 2023 9:57 am

The US government has experienced a credit downgrade at a critical juncture, and it couldn’t have happened at a worse time for the country and its currency. Investors are losing faith in the US dollar, and the downgrade poses significant challenges for the nation’s economy and financial stability.

Global debt levels are indeed high, and Fitch’s downgrade of its U.S. credit rating may just be the start.

August 2, 2023 9:48 pm

Animated: Global Debt Projections (2005-2027P) 💳️https://t.co/8XFqKNQowE pic.twitter.com/v4lUyCxnDE — Visual Capitalist (@VisualCap) August 1, 2023 In 1971, global debt was a “mere” $4 trillion. In 2023 global debt is $325T excluding derivatives. How much longer can this debt bubble go? 🚨 pic.twitter.com/jJbSMdWH7h — Wall Street Mav (@WallStreetMav) August 2, 2023 The core of global debt is now …

2023 financial statistics show record high US debt, $1 trillion annual interest expense, high credit card debt, and 20.69% average interest rate.

August 2, 2023 9:31 pm

Alarming Financial Stats of 2023: – U.S debt at record high – Interest expense on U.S debt to reach a record $1 trillion annually– Credit card debt at record high – Average credit card interest rate at a record 20.69% These are records we don’t want to be setting 🙈 pic.twitter.com/B5Aoaj4FFV — Genevieve Roch-Decter, CFA (@GRDecter) August 2, …

American credit rejection rate rises to 21.8%, highest since June 2018, indicating tougher borrowing conditions.

August 2, 2023 3:48 pm

Credit Crunch Alert! Rejection rate for Americans applying for credit – whether it’s a mortgage, new car loan, or a credit card – increased to 21.8%, the highest level since June 2018. Borrowing money is getting tougher, folks! — Genevieve Roch-Decter, CFA (@GRDecter) August 2, 2023 https://t.co/KWFwz5TumF — Genevieve Roch-Decter, CFA (@GRDecter) August 2, 2023 The …

US Credit Rating Downgraded – Global Stocks Drop

August 2, 2023 8:25 am

JUST IN 🚨 FITCH DOWNGRADES UNITED STATES RATINGS TO AA+ FROM AAA — Insider Paper (@TheInsiderPaper) August 1, 2023 https://twitter.com/_/status/1686487253344743425 The USA just had its credit rating dropped from AAA to AA+ 🩸 See charts for how markets reacted when this happened in 2011! I issued a warning about this to Insiders Access back in …

American average credit card balance is $7,300, median household savings $5,300, and delinquency rates rise 6 consecutive quarters. We are “fighting” inflation with credit cards.

August 1, 2023 8:41 pm

For the first time in history, total credit card debt is about to cross $1 trillion. Since Q4 2020, total credit card debt is up over $200 billion. Americans currently hold a record $986 billion in credit card debt. 2/7 pic.twitter.com/L2cfwDWWEY — The Kobeissi Letter (@KobeissiLetter) August 1, 2023 According to a survey conducted in …

Carmax overflowing with inventory – bad credit? You’re gonna pay 20% interest

August 1, 2023 1:55 pm

Shit is expensive out there. h/t CharlieFoxtrot

Global credit downgrades have gone up while banks have been making it harder to get loans

August 1, 2023 11:02 am

Businesses' ability to pay back credit has been getting worse Global credit downgrades have gone up while banks have been making it harder to get loans pic.twitter.com/HHO0eNTsva — Bravos Research (@bravosresearch) August 1, 2023 Beware: Interest rates are now at levels seen during the peak of the 2007/2008 Financial Crisis pic.twitter.com/MPaduAwnRX — Bravos Research (@bravosresearch) …

Tapped-out consumers are finally balking at overpaying for used cars and more than half of auto dealer credit applications for buyers are being denied

August 1, 2023 10:43 am

The consumer is showing signs of weakening: pic.twitter.com/lQrIAfC7CO — QE Infinity (@StealthQE4) July 30, 2023 JayPo said financial conditions tightening last week referring to this Credit is undoubtedly tightening as auto loan rejections hit highs and credit profile of borrowers deteriorate. Further tightening expected when student loan moratorium ends and excess savings dry up. https://t.co/Fgfujr4V6d …

Federal Reserve Alert! July 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices. Banks plan to further tighten lending standards across all loan types. Why? Expected decline in collateral value, Anticipated decrease in credit quality, Predicted liquidity challenges, & Deposit Outflows.

July 31, 2023 3:53 pm

by Dismal-Jellyfish Table 1 (PDF) | Table 2 (PDF) | Charts (PDF) Wut Mean?: Commercial and Industrial (C&I) Lending: Banks tightened standards for C&I loans to businesses of all sizes. All loan terms for C&I loans, like rate spreads, premiums on riskier loans, credit line costs, and many others, were tightened. Both large and other banks tightened C&I lending …

UBS drops Credit Suisse’s Russian clients

July 31, 2023 3:51 pm

This is because the risks are too high for Swiss bank UBS, which recently took over its rival in a government-brokered merger. It is not clear exactly which Russians are affected, the paper wroteExternal link. However, they are said to be primarily Russian offshore clients: clients with a Russian passport who live abroad and who …

Bidenomics? C&I Lending Growth Crashes Along With Bank Credit Growth (WTI Crude Oil UP 1% This Morning) 30-year Mortgage Rates At 7.27%

July 31, 2023 10:24 am

by confoundedinterest17 Bidenomics, aka the Federal government takeover of the US economy with Soviet-style economic central planning, is highly dependent on loose Federal Reserve monetary policy (Janet Yellen and Powell’s wild overreaction to the massively inappropriate Covid shutdowns), So, how is Bidenomics working out? On the bank lending front, commercial and industrial (C&I) lending growth …

China’s Social Credit Score experiment advances! Low-rated callers trigger phone sirens

July 30, 2023 7:33 am

China's social credit score experiment gains momentum Now, if a person with a low rating calls you, your phone emits a siren instead of the usual ringtone. Then there is a voice reminder that a conversation with this subscriber will lead to a decrease in your score. 🚨🚨🚨 🔊 pic.twitter.com/qnTexLGe9o — Wall Street Mav (@WallStreetMav) …

Bidenomics In One Chart! Bidenomics Benefits The Elites (Top 1%) Far More Than The Common Man (Bottom 50%) In Terms Of Net Worth (Bank Credit Growth Crashing To Earth)

July 28, 2023 4:09 pm

by confoundedinterest17 I wanted to play Aaron Copland’s Fanfare For The Common Man, but thought that The Federal Reserve theme song (laughing song from “Death in Venice”) was more appropriate given their insane money printing since 2008 then 2020 with Covid. Yes, The Fed is laughing at us. Bidenomics, massive spending on green energy mandates while curbing fossil …

Adam Taggart: Brace for a credit crunch + a “serious” recession

July 28, 2023 9:04 am

Brace for a credit crunch + a "serious" recession So counsels Dr Lacy Hunt, one of the most-respected living economists And don't use the financial markets as a signal for economic health. They're a near-useless indicator in his opinion This is a hugely important discussion: pic.twitter.com/Wp1ixwz3yv — Adam Taggart (@adamtaggart) July 27, 2023 Pending Home …

European Central Bank raises rates for 9th time, a 23-year high. Business credit conditions in the EU at 2008 levels

July 27, 2023 3:27 pm

The European Central Bank just raised rates for the 9th consecutive time Inflation in Europe is still 5.5% Rates are now at a 23-year high in Europe: pic.twitter.com/YSpUeBSw1H — Genevieve Roch-Decter, CFA (@GRDecter) July 27, 2023 Business credit conditions in the EU at 2008 levels ⚠️ pic.twitter.com/uH6x9eiT1E — Longview Economics (@Lvieweconomics) July 27, 2023 Home …

Most Underrated Credit Card

July 27, 2023 12:02 pm

by LiaJeanne I never hear people talking about the Bank of America Customized Cash Rewards Card, but it’s one of the best cards out there. You get 3% cash back (up to $2,500 per quarter) for your selected category (I have selected online purchases) and then 1% for everything else. So I use this card exclusively …