Independent thinking for complex markets and current events
It is now one of the unspoken but immutable dictates on Wall Street: with each new banking crisis, the Federal Reserve will quickly create an emergency bailout program and give it a three to four letter abbreviation so that it vanishes into an alphabet soup blur of Fed bailout programs that preceded it. The latest …
Finally an economist that makes sense! https://t.co/qTtcQvJpCb — QE Infinity (@StealthQE4) August 14, 2024 1) What's very interesting about these inventory trends is that they run counter the common narrative about where people are moving. High level – you would think that the South should have lower inventory due to all the people moving there. …
by confoundedinterest17 Is this The Big Short, CMBS style? The delinquency rate on commercial mortgage-backed securities (CMBS) for offices spiked to 8.1% in July, the highest in 11 years. The delinquency rate of office CMBS loans has QUADRUPLED in 1.5 years. Delinquencies are currently rising at a faster pace than during the 2008 Financial Crisis. …
41% of Russell 2000 companies now have negative earnings This number is up more than 2x since 2006 And is comparable to levels seen during the peak of 2008 Financial Crisis This is not sustainable pic.twitter.com/CTN5a9ayaw — Bravos Research (@bravosresearch) August 8, 2024 Certainly not ruling out the summer 07 playback of a rally to …
This MUST BE STOPPED New report shows Blackstone buying massive amounts of properties all over the United States and increasing rents 38% “A new report is shedding light — It found that one equity firm increased rent prices at nearly double the market rate.” “Blackstone, a a major player in the real estate market moving …
They know what the real polling is, and are preparing for it. They have earned a LOT of Payback Karma. https://twitter.com/_/status/1819316753849024926 h/t Flying Elvii
from Kerry Lutz’s Financial Survival Network Avi Gilbert shared his market predictions, anticipating one more rally before a long-term correction. He expressed concerns about the banking industry, comparing the current state of bank balance sheets to the 2007 crisis and discussing the potential for a banking crisis. Additionally, an analyst presented a forecast for a long-term bear …
The global financial situation is heading towards another crisis, similar to the 2008 recession that affected economies worldwide. This time, the problem is even more serious and has disastrous consequences. The banking industry is facing a crisis with over $520 billion in losses, which has led to significant instability. The Banking Crisis You Need to …
Rising prices of feminine hygiene products, outpacing even food inflation, are forcing many American women to make difficult choices between purchasing menstrual supplies and other essential items. This price increase has led to a significant decline in sales of pads and tampons since 2020, with unit sales dropping by 12% and 16% respectively. Major manufacturers …
BREAKING: US job postings declined 12.4% year-over-year to their lowest level since April 2021. Overall, US job postings are down by ~50% since their December 2021 record. However, nationwide job postings are still 11.7% above their pre-pandemic baseline, according to Indeed.… pic.twitter.com/ACKWXNMDvi — The Kobeissi Letter (@KobeissiLetter) July 22, 2024 BREAKING: The US Treasury yield …
“The U.S. dollar will lose substantial purchasing power in the next 10 years,” warns Rick Rule, founder and CEO of Rule Investment Media. During this year’s Rule Symposium in Florida, he explained to Daniela Cambone that exploding liabilities, including $100 billion in entitlements such as Medicare, Medicaid, and Social Security, are likely to greatly devalue …
WARNING: Housing defaults have skyrocketed Such a run-up was last seen during the Financial Crisis pic.twitter.com/KcDppiC6Lz — Bravos Research (@bravosresearch) July 19, 2024 Housing Affordability Continues to Erode The latest data on housing affordability paints an increasingly challenging picture for American homebuyers. As of July 2024, the median household would need to spend an estimated …
https://www.youtube.com/watch?v=ML-lzx9BHUg
George and Ken discuss the CRE crash and how it’s now spewing into the banking system
At least 40 high-risk Chinese banks have been lost to mergers in the first six months of this year alone as local lenders buckle under exposure to debts, according to reports. Small and medium-sized banks, long an integral part of poor towns and villages, numbered 1,636 at the end of last year, according to government …
Jackie Duda spent nearly a year recovering after a life-threatening case of sepsis. Duda, of New Market, Maryland, was never denied medical care, even when bills from her extended hospital stay and doctors’ visits surpassed $250,000. But the 61-year-old hasn’t had the same luck with dental bills. As a freelance health journalist, she learned there’s …
Retirement often brings to mind peaceful images of relaxation, leisure, and financial security. Many people see their retirement years as an opportunity to pursue long-held passions, spend time with family, and enjoy the rewards of their hard work. However, for millions of Americans, this optimistic view is rapidly turning into a worrying reality. We are …
Via SchiffGold, U.S. economic data is hitting headlines yet again—this time, due to serious concerns about its continued reliability. “Federal statistical agencies face increasing challenges to their ability to produce relevant, timely, credible, accurate, and objective statistics,” researchers of the American Statistical Association revealed. “Immediate action is needed to put the agencies … on a …
🇨🇳 Why Chinese banks are now vanishing – The Economist*In the week ending June 24th, 40 Chinese banks vanished as they were absorbed into bigger ones.https://t.co/Zah97WGTZ4 — Christophe Barraud🛢🐳 (@C_Barraud) July 11, 2024 via MSN: The Chinese banking sector is facing a severe crisis. In just one week, 40 banks disappeared, and the collapse of …
The clock is ticking, problems may deepen Why do small banks have such big problems? Many Chinese cities and even entire regions are drowning in debt. The liabilities were so high that local government representatives sent envoys to Beijing in the spring. They are negotiating terms for repaying billions in loans. Unpaid debts are increasingly …
The mental health crisis continues. https://t.co/HnF2w5fXxq — Scott Adams (@ScottAdamsSays) July 10, 2024 "THIS IS ABOUT KEEPING WHITE, MALE, AND CHRISTIAN DOMINANCE OUT!" Joy Reid is having another breakdown: pic.twitter.com/UOFiHJrsns — End Wokeness (@EndWokeness) July 10, 2024
JUST IN 🚨: Warren Buffett Indicator hits 195%, the highest level in history, surpassing the Dot Com bubble, the Global Financial Crisis, and the 2022 Bear Market pic.twitter.com/SAE5MbHTlY — Barchart (@Barchart) July 9, 2024 The Warren Buffett Indicator, a metric favored by the legendary investor Warren Buffett, has surged to a record high of 195%. …
Active housing inventory in the United States continues to recover. Home Inventory is at a current level of 1.28M. Increased from 1.20M last month and up from 1.08M one year ago. This is a change of 6.67% from May 24 and 18.52% from June 23. pic.twitter.com/7tp47oiYcb — AKM (@akm515) July 2, 2024 1) The inventory …
The national Association of realtors has been keeping track of pending home sale data since 2001 and May 2024 was literally the worst month on record since then. Pending home sales have now fallen into an all-time low in this supposedly fantastic housing market. I think the data speaks for itself and shows how few …
by herbanoutfitter 2009 was bad but this time around it won’t just be mortgages—EVERYTHING is overleveraged. Consumer loans including credit cards, mortgages, car loans, small business loans, corporate loans, private credit instruments. When interest rates were low, that worked fine. Decent returns for low volatility. But now inflation is still not at target and higher …
NATO countries will not be able to deploy more than 300,000 troops in case of a conflict, experts warn NATO countries in Europe are reportedly facing a shortage of military personnel and would have difficulty mobilizing a significant number of troops in case of a conflict, the Financial Times reported on Wednesday. According to the …
by mark000 Going to be so bad: https://libertystreeteconomics.newyorkfed.org/2024/06/the-growing-risk-of-spillovers-and-spillbacks-in-the-bank-nbfi-nexus/ the system may be disproportionately exposed to financial and economic instability when aggregate tail risk materializes. bank-NBFI dependencies turn into vectors of shock transmission and amplification, forcing authorities to intervene and to do so en masse. the commonality of asset holdings between banks and NBFIs could turn …