Independent thinking for complex markets and current events
Last month, California made headlines by increasing the minimum wage for fast-food workers to $20, which many workers across the state were quite pleased about. Unfortunately, it seems like that’s not enough, as new reports suggest that some want to increase it to $30. Layoffs are also hitting many industries hard, and people are questioning …
https://twitter.com/_/status/1792828674796040212 4.4 magnitude #earthquake struck Campi Flegrei supervolcano, the strongest quake to hit the area in 40 years #Italy pic.twitter.com/wbJpNKUqu0 — Kamlesh Kumar Ojha🇮🇳 (@Kamlesh_ojha1) May 21, 2024 Homes evacuated in Italy after strongest quake in 40 years near supervolcano https://t.co/Bx2k0q6q6s — The Guardian (@guardian) May 21, 2024 Some information given recently: We could see …
In a stunning revelation that has sent shockwaves through global financial markets, Norinchukin Bank of Japan is urgently seeking to raise $7.7 billion in fresh capital. This desperate move comes as the bank grapples with undisclosed losses on its overseas bond investments, exposing deep-seated vulnerabilities that were hidden behind a façade of conservative banking practices. …
US government interest payment has virtually been a straight line up since 2020 Despite crossing $1 TRILLION, this debt crisis keeps getting worse pic.twitter.com/YE8v8uLZHG — Bravos Research (@bravosresearch) May 18, 2024 2/ What matters here is not overall US government debt but rather the balance of payments. If a country runs a trade deficit this …
The financial system of the United States has been a symbol of strength, resilience, and stability for a long time, which has supported the nation’s economic power on the global stage. However, recent revelations and increasing evidence suggest that the country’s largest banks are on the brink of a severe crisis. This crisis is so …
In a land once brimming with promise, the American Dream now flickers like a distant star, obscured by the harsh realities of financial struggle and unattainable aspirations. $100,000 income no longer buys the American Dream in most places, per CNBC. — unusual_whales (@unusual_whales) May 17, 2024 About 42% of those with household income of more …
2/By sector, automobile production remains very strong, followed by electronics… two of the categories targeted by the new US imports tariff hikes. pic.twitter.com/vUmh3zk03r — Patrick Zweifel (@PkZweifel) May 17, 2024 4/Investment spending fell in April, but remains very solid over 3 months (>14% ann.), driven by the manufacturing sector, which benefits from public support for …
Bankruptcies are hitting average American families, and U.S. businesses really hard in 2024, according to data from the U.S. Courts. Higher consumer prices are making Americans take on massive loads of debt just to get by, while businesses are being impacted by decreased sales and falling profits at a time costs continue to climb. The …
The US is facing a looming labor crisis as the native-born population declines while the foreign-born population rises. This shift, combined with factors like early retirement and limited access to childcare, is creating massive labor shortages. The US is heading into a labor crisis: The US native-born civilian population has dropped from 170.8 million in …
According to Bloomberg data, 10 out of 11 major central banks are expected to slash rates in the second half of this year, the most in 16 years. The list of the 11 countries includes the United States, India, New Zealand, the United Kingdom, Canada, Australia, Norway, the Eurozone, Sweden, Switzerland, and Japan. As shown …
Colorectal cancer has more than tripled among teens in over two decades It is no longer just a disease of the elderly population, the researchers said Colorectal cancers have risen by up to six-fold in some young age groups since 2000, research shows. Doctors say the cancers are likely being missed because routine screening in …
The United States of America, once respected for its economic might and global influence, is now at the end of a financial crisis. The national debt crisis, a problem that has been growing for decades, has reached a critical juncture where drastic measures are required to prevent an economic catastrophe of unprecedented proportions. Policymakers, economists, …
Current Banking crisis makes 2008 look bullish . pic.twitter.com/pA8xWDPjIw — The Great Martis (@great_martis) May 8, 2024 “Whistleblower: Wall Street Has Engaged in Widespread Manipulation of Mortgage Funds” Then you wonder why “out of the blue” the #FED bought 3T$ of #MBS at that time….. 🙈 Great reminder from @frankoz95967943 👏🏻 https://t.co/aXrMfEJrL6 pic.twitter.com/XWGqReCHEe — JustDario …
Frustration mounts in the investment sphere as soaring prices and minimal pullbacks perplex investors, prompting Warren Buffet to hoard $188 billion in cash due to lack of viable investment options. The market’s relentless climb, exemplified by Nvidia’s staggering $400 billion surge in just 11 days, leaves investors eagerly awaiting a substantial downturn. Buying stocks at …
Social Security funds are projected to run out by 2035, with 83% of benefits payable after depletion if Congress doesn’t act sooner. This raises questions about the program’s sustainability and efficacy. BREAKING: Funds for Social Security are now projected to run out in 2035. This is according to the annual trustees’ report released on Monday. …
Fast food menu prices purportedly outpace inflation since 2014, but skepticism arises due to perceived inaccuracies in CPI data manipulation. Affordability strains are evident, with a significant portion of Americans sacrificing meals, vacations, and medical treatments to meet housing costs. Homeownership increasingly becomes a luxury amid re-accelerating inflation and the likelihood of interest rate hikes. …
The hotel site still boasts a Japanese restaurant and bar in its lobby and “Art Nouveau styled hotel rooms” with “sophisticated furniture, plush beds with down comforters and deluxe linens, flat-screen televisions with cable and C.O. Bigelow toiletries.” But recent visits to the Square Hotel found a much different scene. A National Guard soldier is …
A 10-billion-dollar bank was just shut down by U.S. regulators in the first big bank failure of 2024. The Federal Deposit Insurance Corporation announced the collapse of another major financial institution just a few days ago, the sixth of such kind over the last 12 months. The event has triggered fears of cascading bank failures, …
For generations, cars have symbolized the essence of American identity—freedom, independence, and rebellion. Yet, in 2024, this cherished love story is under siege, as the affordability of cars dwindles, pushing millions to the brink of automotive disenchantment. The aftermath of the pandemic has ushered in an era of soaring costs, with cars, insurance, and repairs …
James Woods DROPS AOC on Her Air-Filled Head for Claiming THIS is Causing Biden’s Southern Border Crisis Alexandria Ocasio-Cortez is truly the Twitchy gift that keeps on giving. We should seriously send her some cookies and a thank-you card because she could single-handedly ensure we have enough content to write about all by herself. Sure, …
🇺🇸 US net interest and miscellaneous payments on assets by private enterprises $95.2 billion. 𝗟𝗼𝘄𝗲𝘀𝘁 𝘀𝗶𝗻𝗰𝗲 𝗤𝟰 𝟭𝟵𝟳𝟲! Locked in debt at cheap funding rates when the Fed had rates at zero and invested cash to earn higher interest income as the Fed raised rates. pic.twitter.com/Jo94wjhGTV — Alex Joosten (@joosteninvestor) April 28, 2024 This means …
For many Americans, the Biden Presidency has brought with it a feeling of déjá vu. Iran is back in the headlines, prices at the gas pump are causing sticker shock, and inflation is at the top of everyone’s minds. The last time inflation was this high was shortly after President Jimmy Carter left office, voted …
Unveiling a little-known intervention, the Federal Reserve injected $152 billion into big banks in March 2023, surpassing aid provided during both the 2008 and 2020 crises. As regional banks, grappling with precarious balance sheets, increasingly turn to the discount window for support, questions arise about the Fed’s strategy and the future of banking stability. I …
via creditbubblebulletin: Weekly Commentary: World-Wide De-Risking/Deleveraging Despite close calls Saturday night and again on Thursday night, we at least made it through the week avoiding “the start of WW3.” I’m afraid the same cannot be said for the beginning of WW2D (World-Wide De-Risking/Deleveraging). Key speculative leverage epicenters were under notable pressure this week – global …
The United States is facing an unprecedented financial crisis. As many as 50 million Americans have stopped paying their creditors, causing a massive disruption in the country’s credit system. This development has sent shockwaves throughout the economy, with lenders trying to minimize the damage while consumers struggle to manage their increasing debts. The American economy …
The U.S., which once stood as a beacon of prosperity, is now trailing behind in the retirement race. What was once seen as an epitome of the golden age has now slipped out of reach for many Americans. Just imagine you’ve worked hard your entire life, and now you are looking forward to those golden …
The rising number of layoffs across various industries is a worrying trend. Despite the supposed economic growth, many people are losing their jobs. Even industries that were believed to be safe are not immune. This is causing concern as it hasn’t been seen in recent years. Moreover, the level of consumer debt is another alarming …
Mom, 28, forced to sell her dream car after forking out $40,000 in INTEREST alone over three years – as America’s auto debt spirals to $1.6 TRILLION. Despite paying $1,400 a month in payments totaling more than $50,000, she still owes a balance of $74,000 to her lender – GM Financial. Not only did she …
