A hub for independent voices and signals
Economic data keeps surprising to the downside!! Citi Surprise Index 👇 pic.twitter.com/DPdKUV0ji2 — James E. Thorne (@DrJStrategy) December 29, 2024 They are currently 10 million Americans who are delinquent on their student loans. On January 1, they are going to …
1. The thought is the Fed could make homes more affordable by cutting interest rates So far, mortgage rates are doing opposite, and rising instead Why? Because mortgage rates move with the yield on the 10-year Treasury, which has surged …
I YOLO’d $35,000 in Credit Card Debt at 0% into Bitcoin @ $44,000 byu/yysleezy inwallstreetbets
This isn’t bullish as many claim. What’s happening is there’s limited demand for credit/leverage in China. Yet, b/c banks are sitting on liquidity, they are piling into Chinese bonds, which is driving rates on these bonds lower. While some are …
The global consumer is in secular decline (with an average 10:1 spending, saving, consuming capability over low-income nation consumers) …and the global low-income nation producers will have fewer and fewer customers of means to purchase their products. Few will acknowledge …
Was at the Apple Store yesterday to get some upgrades before the tariff war increases prices, this was literally the worst holiday sales the store has seen (per employee) Its so bad you can see the 0 demand for the …
(By Carleen Johnson at The Center Square)—The average American household credit card balance as of the third quarter of 2024 was about $10,757 after adjusting for inflation, according to a new study. The personal-finance website WalletHub on Friday released its …
Cut the rates they said, banks will lower credit card APRs they said pic.twitter.com/bZlIeLwr0i — zerohedge (@zerohedge) December 6, 2024 chart goes to Q3. In fact that's when it spiked… just after the "rate cut" https://t.co/jyVxbrcK8T — zerohedge (@zerohedge) December …
Enjoy the final weeks of elevated equity prices and narrow credit spreads, before a reversion to the mean. Only a miracle can fix this chart. pic.twitter.com/bS0iiblkmg — Guilherme Tavares (@i3_invest) December 2, 2024 The Monday after Thanksgiving in 2021 was …
by LeExistentialist Was travelling a lot for work the last 2 years, so I’ve been rotating through the bonus cards and now probably need to take a long break from bonuses (I think I’m probably 7/12 or 12/24) and figured …
The left will unironically say that any success he has is because of bidens policies and any negatives are because his ineptitude These people live devoid of reality h/t EuphoricTrilby
by Cassie B. The Fed’s latest move has some observers warning that we could be about to experience another crash. X user @FinanceLancelot cautioned: “The Federal Reserve’s emergency BTFP dropped by a shocking $30 billion this week, leaving only $26 …
Collectively, Americans now owe a record $1.17 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances rose by $24 billion in the third quarter of …
In an unexpected turn, Bernie Sanders has announced his willingness to collaborate with President Trump to cap credit card interest rates at 10%. This bipartisan agreement has drawn significant attention, as it addresses the rising concern over the financial burden …
by Lower_Writer8250 Trump removes $7,500 EV tax credits and imposes import tariffs on all imported EVs. The US EV manufacturers are starved out, and Tesla is the only surviving US EV maker – I quote “Tesla does not depend on …
🚨BREAKING NEWS🚨 THE FEDERAL RESERVES BTFP DROPPED BY OVER $30B THIS WEEK WHICH LEAVES ONLY $26B LEFT POWELL IS PULLING LIQUIDITY TO TRIGGER A CRISIS JUST LIKE 2020,ALSO COINCIDENTALLY THE $36T DEBT CEILING WILL HIT TOMORROW WE ARE ABOUT TO …
The Visa/MC credit card monopoly has put Americans into excessive debt with usurious interest rates at 25%+ JD Vance co-sponsored the Credit Card Competition act which fights the 2-4% hidden tax you pay every time you swipe Common sense is …
Commodities are not feeling very inflationary right now. https://t.co/cS1Yveed7h pic.twitter.com/LbdPayQmSx — Financelot (@FinanceLancelot) November 11, 2024 I'm keeping a close eye on 5 year and 10 year breakeven inflation. We saw a similar breakout in 2008 when inflation expectations were …
U.S. banks are taking defensive measures to secure their financial stability. The collapse of three regional banks and a series of rate hikes by the Federal Reserve have added to the uncertainty. As a result, more lenders have tightened their …
😳Never ends well when cc debt skyrockets. #creditcarddebt #recession coming! pic.twitter.com/iXoq6rIiCp — MUSTANG (@divatrader) October 23, 2024 Higher Interest Payments: Credit card debt often comes with high interest rates, which can compound quickly, making it more expensive to pay off the debt. Credit Score Impact: High levels of debt can negatively affect credit scores, making it harder to obtain loans or favorable interest rates in the future. Financial Stress: Managing large amounts of debt can cause significant stress and anxiety, impacting overall well-being. Limited Financial Flexibility: High debt levels can restrict financial flexibility, making it difficult to save for emergencies or future goals. People are saying “what #recession “ b/c stocks are at a record high but that’s fuel by stupidity: …
Yi Tingyue has a lot going for her. She won a scholarship to China’s prestigious Sichuan University, where she graduated with a master’s in graphic design. She drives an Audi A4 and owns a penthouse apartment on the outskirts of …
“Credit card debt is exploding way beyond 2008 and 2020 levels. If history’s taught us anything, it’s that this kind of spike usually screams incoming economic crash. Time will tell.” Credit card debt is exploding way beyond 2008 and 2020 …
Bitcoin and cryptocurrency transactions generally incur an average fee of around $6.95, translating to approximately 0.07% of the transaction value. However, this fee can rise significantly during periods of high network congestion, making it variable. In comparison, credit card transaction …
U.S. consumers collectively owe a record $1.14 trillion in credit card debt, figures released Tuesday by the Federal Reserve Bank of New York show. That’s $27 billion more than the $1.13 trillion in credit card debt they carried during the …
The Democrat’s Deep State handlers appear unable to think past the next news cycle narrative. Been that way for years now. True or not, it doesn’t matter. You don’t admit to stuff like this, there could be severe consequences. Who …
Hi there, Ian. That is a wonderful question! There is no limit to the amount of cash back a customer can earn. We hope this information is helpful. Take care, ^KT — U.S. Bank (@usbank) October 13, 2024
BREAKING: The number of people working MULTIPLE jobs in the US hit 8.66 million in September, a new record. This is ~300,000 above the peak seen before the pandemic and ~600,000 above the 2008 peak. Furthermore, the number of part-time …
With savings rates at near-record lows, you have the perfect storm. ⛈️ https://t.co/3h3h5vXzaP pic.twitter.com/ng2y457iqa — The Great Martis (@great_martis) October 8, 2024 They’ve maxed out their balances. There’s no more pretend money to spend. Credit Card Spending Tanked in August; …
by Thuror https://promotions.bankofamerica.com/card/morerewardsday All credit cards will earn an additional 2% cashback or 2x points/miles for all purchases made on November 7, 2024. Good for up to $2500 in purchases per card and is on top of existing rewards. Applies …
6 cuts means credit event has already occurred — Nixon Gill 🇦🇺🇺🇦🇬🇧 (@Nixon_Gill) October 7, 2024 “Did a credit event trigger on Monday [5th August]?” As you can see in this chart pulled from my latest article, large US banks …