credit

Economic data keeps surprising to the downside!! 10 million Americans delinquent on student loans face credit score declines January 1.

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 start seeing their credit scores deteriorate. Not a good outcome for consumer credit growth! pic.twitter.com/IjOZy4tos1 …

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Fed rate cuts fail to lower 30-year mortgage rates, likely worsening. Credit spreads widened before and after the Fed meeting, reaching stress level. Cattle ignoring bonds.

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 this week pic.twitter.com/zk0c3UJi9Y — Michael Burry Stock Tracker ♟ (@burrytracker) December 20, 2024 3. A …

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China’s economy faces its largest financial collapse, with bonds yielding under 2%, banks insolvent. Limited credit demand in China drives bond buying, not QE.

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 saying this is QE, THEY ARE WRONG. https://t.co/rIH1RNoXkP — Gordon Johnson (@GordonJohnson19) December 17, 2024 …

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Global consumer decline, low-income producers face fewer affluent buyers, growth-driven system unsustainable. Credit crisis hits 50% of Americans

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 that a “free-market economy” amid depopulation of consumers is incompatible with a financial system that …

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Small Apple Store sees worst holiday sales, Vision Pro flops; Consumer loan defaults at highest since 2012. Credit card debt soars past $1 trillion.

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 Vision Pro, totally worth the 40X. 2 weeks before xmas lol pic.twitter.com/nhhdizGBQy — The Punisher …

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American Credit Card Debt Rises to Average of More Than $10,000 Per Household

(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 new Credit Card Debt Study, which found that consumers added $21 billion in debt during …

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Enjoy the final weeks of elevated equity prices and narrow credit spreads, before a reversion to the mean. The cattle buying up here will be served during XMAS lunch.

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 an up day. It was the last chance to get out. pic.twitter.com/pULj8PJcRf — Mac10 (@SuburbanDrone) …

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2025 Cashback Credit Cards

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 I’d try and review my overall cashback cards. The new Smartly 2/4% card probably makes …

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Fed pulls half of credit available from BTFP, engineering a potential banking crash to be thrown in Trump’s lap

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 billion left.” “Jerome Powell is pulling the liquidity rug away to trigger a crisis, exactly …

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Bernie Sanders partners with Trump to cap credit card rates at 10%.

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 of high credit card debt on American consumers. Sanders, a vocal critic of big banks, …

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Anyone thinking nixing the EV tax credit boosts Tesla’s sales must be inhaling industrial-strength hopeium.

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 subsidies”. Tesla increases its US EV market share, seemingly as the only car manufacturer without …

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FED just Pulled more the Half of Available Credit out of Bank Term Funding Program

🚨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 $36T DEBT CEILING WILL HIT TOMORROW WE ARE ABOUT TO EXPERIENCE A 1929 LIKE CRASH…$SPY pic.twitter.com/2lV6ZoEbkD — Mike Investing (@MrMikeInvesting) November 15, 2024 https://twitter.com/_/status/1842670322157535529 And …

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Repo failures surged 50%, swap spreads hit record lows. Credit card delinquency rates are reaching 2008’s levels. When is the rug pull coming?

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 the complete opposite of the real economy. https://t.co/8T6u9d8NV4 pic.twitter.com/7RTwh6ApRm — Financelot (@FinanceLancelot) November 10, 2024 …

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Credit Card Companies Drop BOMBSHELL On Interest Rates!

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 lending standards, as revealed by the Federal Reserve’s Senior Loan Officer Opinion Survey. The tightening …

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Never ends well when credit card debt skyrockets

😳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: •Bankruptcies are near record highs •Unemployment 📈 40% from 2022 • Adjust for inflation stocks …

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Credit card debt surges beyond 2008 levels, signaling an impending economic crash as delinquencies rise.

“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 levels. If history’s taught us anything, it’s that this kind of spike usually screams incoming …

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Cryptocurrency payments average 0.07% in fees, far cheaper than credit cards’ 1.5%-3.5%.

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 fees for merchants usually range from 1.5% to 3.5%, with an average fee of about …

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Total Credit Card Debt hits new ATH of $1.14 Trillion!

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 second quarter of 2024. The high tally comes amid concerns of an economic downturn triggered …

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Kamala Harris Takes Credit For Killing Hamas Leader Sinwar in Gaza!

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 is surprised? US helped Israel track Sinwar – Harris "American special operations and intelligence personnel …

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8.66 million Americans hold multiple jobs, 3 million more part-time jobs, and full-time employment declines. Consumer credit decreases

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 jobs has jumped by ~3 million over the… pic.twitter.com/znOOEMR6Ln — The Kobeissi Letter (@KobeissiLetter) October …

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US credit card interest rates hit 23.4%, a record high, with debt at $1.36 trillion. Soaring rates and low savings create a perfect financial storm.

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; The American Consumer Tapped Out? How close are Americans to hitting their credit card limits? …

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Bank of America – All credit card purchases get additional 2%/2x rewards on Nov 7

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 to all cards issued by BoA, even to non-rewards cards. Example, with CCR you get …

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6 cuts means credit event has already occurred

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 started bleeding cash EXACTLY from that day ⚠️ Narrator: they won’t be able to hide …

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