A hub for independent voices and signals
Private credit default evolution according to Fitch: January: 5.0%February: 5.7% Nothing to see here folks pic.twitter.com/BiInWmLtWA — junkbondinvestor (@junkbondinvest) March 20, 2025
In just one year, over a million migrants in Britain received more than (British Pound) 7.6 billion in welfare, an analysis of government data has found. The Centre for Migration Control (CMC) estimates that around 1,158,000 foreign nationals received universal …
We've seen this movie before… UBS 2025- "…Ernst & Young, re-elected as UBS's auditor last year, said in its assessment on Monday that because of the effects of this weakness, it had concluded that UBS had "not maintained effective internal …
Revolving debt, which mostly includes credit card balances, jumped 8.2% in January, according to the Federal Reserve’s latest consumer credit report. Altogether, consumer debt, including student loans, auto loans and credit card debt, now stands at $5 trillion. Higher prices …
Credit cards hitting new highs = Americans having to use debt to buy basic necessities BREAKING: Credit card balances have hit a record of $1.21 trillion, per NY Fed. — unusual_whales (@unusual_whales) March 6, 2025 People think inflation is over …
Bank of America BankAmericard Card – No SUB. Offers 0% APR for the first 18 billing cycles on purchases and balance transfers made in the first 60 days after opening your account. Citi Diamond Preferred Card – No SUB. Offers …
Credit card interest rates are too damn high, according to an unlikely combination of politicians who’ve recently drawn attention to the subject. Money experts agree credit card debt can be a major challenge for many card users. At 20.1 percent, …
Reality is finally starting to set in for a lot of people who thought they would never have to pay back a lot of the debt taken out during the pandemic, specifically student loan debt. Now student loan borrowers who …
If Norin sells foreign bonds now, it suggests deep liquidity trouble beyond CLOs. https://twitter.com/Bogachan_1971/status/1892415980887855409 Japan’s second-largest bank, Norinchukin, is deep in a liquidity crisis, and it’s becoming nearly impossible to hide its mounting losses. A Credit Suisse-like Collapse is Looming …
If this spending spree doesn’t get reined in fast, expect another year of missing receipts, bloated budgets, and zero consequences. DOGE finds nearly $40 billion in spending linked to government-issued credit cards The Department of Government Efficiency (DOGE) pledged on …
via WSJ S&P Global Ratings jolted markets nearly 15 years ago when it stripped the U.S. of its triple-A credit rating, citing mounting debts and political discord. Moritz Kraemer was an executive in S&P’s sovereign-bond unit when it cut the …
Osaka Ramen serves both traditional and non-traditional ramen, with a variety of broth and protein options. The menu also includes bento boxes, sides and desserts. The restaurant announced on Wednesday that it will close its doors for good in less …
President Donald Trump signed an Executive Order last week for a six-month review of U.S. support to all international intergovernmental organisations to decide whether it should withdraw from them, or seek their reform. S&P said the current triple-A ratings of …
America’s debt crisis just continues to get worse as we continue to carry higher and higher balances from month to month, at a time when credit card interest rates are practically at all time highs. At the same time, we …
1. Blue Cash Preferred® Card from American Express This card offers 3% cash back on transit including parking, tolls, trains, buses, taxis, subways, ferries, and rideshare services. It also provides 6% cash back at U.S. supermarkets on up to $6,000 …
https://twitter.com/leadlagreport/status/1880340616225357892 Recession ‘betting’ odds have plunged since the election pic.twitter.com/VpzZlC1AJQ — Don Johnson (@DonMiami3) January 18, 2025 ‼️This is absolutely CRAZY stuff: US stocks, high-yield corporate bonds, the Dollar, housing market minus Treasuries have never been so expensive. This is …
by Kali-Lionbrine Not trying to time a crash if any (due to government spending lmao). But considering every purchase has multiple financing options that can sometimes be stacked together ex: buy now pay later, credit card stuff like this, etc. …
from Kerry Lutz’s Financial Survival Network Kerry introduced the topic of the recent decision to remove medical debt from credit reports, emphasizing its significance for consumers. Paul Oster elaborated on the positive implications of this change, noting that it will benefit approximately 15 …
Many credit card users operate under the assumption that annual fees are non-negotiable, but this isn’t always the truth. One can discover this by contacting their credit card provider to discuss the annual fee. With a courteous request for either …
by Mike Shedlock Zuckerberg now admits Biden pressured Facebook to suppress posts on Covid. Some give him credit for honesty. Not me. Zuckerberg Responds to Criticism JUST IN: Mark Zuckerberg responds to people criticizing him as only changing his tune …
by Mike Maharrey With American consumers using credit cards to make ends meet month after month, and interest rates well over 20 percent, it’s only a matter of time before the spending spree comes to an end. After all, credit …
Authored by Charles Hugh-Smith via oftwominds, When 21% interest rate credit cards are the only thing keeping the lid on awakening and revolt, that’s not a sustainable fix. The easy credit, high interest rate swindle has been a financial feature …
I can do this ALL DAY in CPG. The consumer is dead pic.twitter.com/5vRBTU6sKF — USA Divides by 32 (@sabregold19991) January 8, 2025 Consumer revolving credit in the US just fell off of a cliff. The last 6-month drop is even …
From NBC News: With new fee increases and more shoppers ditching cash, small businesses urge their customers to consider sticking with bills and coins. Many small businesses are breathing a bit easier as inflation has cooled and the race for workers …
Credit is way too easy to get. Rolling over car loans should be severely restricted. Banks playing with fire — CAB (@BuxJackets) January 4, 2025
I wonder how $AAPL credit cards are coping with this….. https://t.co/HldHMKQz1H pic.twitter.com/n8hGr1N8kh — JustDario 🏊♂️ (@DarioCpx) January 3, 2025
To start, here's a chart of US credit card serious delinquency rates for subprime borrowers. Subprime credit card delinquencies have risen 7 percentage points in just ~15 months. These borrowers reflect a WHOPPING ~23% of the consumer credit market, according …
Remember how I warned you all that after the election, we'd suddenly start getting "surprise" and "unexpected" downward revisions on all of the allegedly glowing economic numbers? 😎 Now watch corporate earnings and forward estimates revise down. — Uncle Milty’s …
https://archive.is/20241230130345/https://www.ft.com/content/c755a34d-eb97-40d1-b780-ae2e2f0e7ad9 “High-income households are fine, but the bottom third of US consumers are tapped out,” said Mark Zandi, the head of Moody’s Analytics. “Their savings rate right now is zero.” US economy so STRONG. Just ignore 110 million bottom turd …
Junk-Loan Worry Market Commentary Dec. 26: A reason that the Fed will be cutting key interest rates is that U.S. companies are now defaulting on junk loans at the fastest rate in four years. Specifically, the default rate in the …