Independent thinking for complex markets and current events
China is addressing its debt problems, particularly at the local government level, where reliance on non-productive investments in property and unsustainable fiscal practices have led to financial challenges. 1/7According to a source cited by SCMP, the national financial work conference set to start today will primarily focus on resolving the country's "debt problems". The source …
The direction of asset prices, such as stocks or commodities, tends to be influenced by prevailing sentiment or emotions among investors. #recession … #GFC2 US edition Still calling it a "vibecession"? 🤔Price follows #sentiment 📉 and the similarities to 2008 keep piling up! https://t.co/lt7f2EruAT pic.twitter.com/ywYKv6cSAf — Invariant Perspective (@InvariantPersp1) October 30, 2023 Dallas Fed = …
Sweden’s central bank is in dire need of a taxpayer bailout, joining the Bank of England, which received $35 billion in assistance the previous year. This trend is indicative of central bankers turning to already financially burdened taxpayers for support. The figures are even more staggering for the Fed, with a deficit exceeding a trillion …
by Chris Black One little covered issue, which is important to our citizens concerned with repatriating immigrants from our countries, is that several Arab states want their citizens back! Yet support for constant war in the region, and the cabal controlling the West, makes this impossible. Syria has expressed on numerous occasions that it would …
This is WORSE than the 2008 Financial Crisis Credit card defaults are rising at levels NEVER seen in 3 decades pic.twitter.com/ckQqHGWKKg — Bravos Research (@bravosresearch) October 28, 2023 https://twitter.com/online_shogun/status/1718180719027974636 📉 Big banks' massive layoffs are sounding the alarm for a potential market crash worse than 2008. Don't miss this crucial analysis.#MarketCrash #EconomicCrisis #BankLayoffs #FinancialNews #EconomicAnalysis …
Homebuyer traffic has experienced a significant decline, nearly 40% since the beginning of 2023, reaching levels not seen since the 2020 lockdowns, the 2008 financial crisis, and the 1980s housing crash. What makes the situation intriguing is the recent surge in new home sales, rising by 12.3% in September, defying expectations of a decline, all …
JUST IN – Scientists want WHO to declare the "climate and nature crisis" a global public health emergency. pic.twitter.com/3jtQKaFxiy — Disclose.tv (@disclosetv) October 26, 2023 via DW: Scientists from across the world on Wednesday collectively called for the UN, world leaders, and health authorities to address climate change and biodiversity loss as one global health …
-DXY breaking out towards 107 -10 yield is nibbling at 5% -Futures red and accelerating lower as I type this. -Cypto suflee is crushing down. Dollar Index DXY pic.twitter.com/SdGxqSuhcX — The_Chartist 📈 (@_chartitude) October 26, 2023 Despite the ongoing debates, the current economic cycle has unfolded much more like the 1970s period than the World …
Subprime is a fancy word for sh*t credit score. h/t Mayhem4Markets
HSBC’s CEO and other prominent leaders in the financial world are issuing dire warnings about the world teetering on the brink of a debt crisis, driven by years of extensive government borrowing. They emphasize the urgent need to address the mounting debt levels. The data presented underscores that we have yet to witness the full …
🚨 WARNING : The Crisis in Swap Spreads 🚨 (NOT Click-bait this is a big deal.) 1/ Have you been keeping an eye on interest rate swap spreads lately? If not, you should be! They've been quietly building and building, and last week, they made a monumental move – the biggest… pic.twitter.com/HUWTV1TIVy — Jeffrey P. …
Canadian banks appear to be following a familiar pattern, as they typically do during economic crises and recessions. The current signs of an accelerated decline indicate that a challenging period may indeed be on the horizon, with potential economic turbulence ahead. Canadian banks are in an accelerated decline now, just as they've done for every …
As Retail Awakens to Inflation, Bond Yields Have More to Go US yields are set to rise due to retail investors hedging against inflation. Bond rallies will be short-lived with a downward trend for Treasuries. After experiencing steady inflation for years, both professional and retail investors are adjusting to the new inflationary reality. With inflation …
by Michael It is happening again. All over America, borrowers are getting behind on their payments. In particular, subprime borrowers are having a very difficult time paying the bills. Does that ring a bell? That should, because the last time we witnessed anything like this was during the last financial crisis. When things start to …
With burgeoning credit card debt, soaring interest payments, and rates not seen since the Financial Crisis, a breaking point looms closer. The consumer is on thin ice as US personal savings rate has collapsed This indicator has dropped from record highs in 2020 to levels last seen during the Financial Crisis To make things worse, …
via schiffgold: Problems in the commercial real estate (CRE) sector continue to bubble under the surface. This is a major stress point for US banks and could precipitate the next phase of the financial crisis. A combination of high interest rates and declining tenancy is putting the squeeze on commercial real estate owners. As a …
By Graham Summers, MBA The yield on the 10-Year U.S. Treasury is about to break 5%. As the below chart illustrates, this is a major level. Once we take it out, there’s little if any overhead resistance until 5.25% and then 6%. The 10-Year U.S Treasury is the single most important bond in the world. …
Italy is experiencing a severe risk spread increase over German bunds, highlighting the daunting challenge posed by its 140% debt-to-GDP ratio without the ability to print its own currency. The Eurozone’s next crisis is already approaching, in #Italy. 10y risk spread over German bunds have spiked >200bps. Debt ratio of 140% of GDP is a …
Since October 8th, a bank run has erupted at the Bank of Cangzhou in Hebei Province. Numerous online videos show long lines of people waiting to withdraw money at various branches of the Bank of Cangzhou. Not only were the bank lobbies packed with people, but long queues also formed outside on the streets, with …
by Chris Black Wow, this is a great load off my back. I thought there was a humanitarian crisis in Gaza, but it turns out there’s not! RT: The Israeli ambassador to London has denied that a humanitarian crisis is unfolding in Gaza, arguing that the Palestinian militant group Hamas must “pay the price” for attacking Israeli …
Americans are about to hit a breaking point, according to Walmart’s CEO. Soaring prices are severely impacting consumer spending habits, and the world’s biggest retailer is worried about how this trend is going to affect its bottom line this fall and winter. Bill Simon, the head of U.S. operations for four years, revealed that for …
🇩🇪 German #Housing Crisis Deepens on Record Building Cancellations – Bloomberg*21.4% of residential builders said they were affected by construction projects being called offhttps://t.co/Iz8SejeV8B pic.twitter.com/nad0NhlXjB — Christophe Barraud🛢🐳 (@C_Barraud) October 16, 2023 Bloomberg: Germany’s housing sector slumps deeper into crisis as project cancellations hit a record Germany’s housing sector slumped deeper into crisis as project …
If these problems in major economies collide, it could spell global financial disaster soon, and it feels like we need some urgent solutions, but we’re not getting them. On top of that, the recent Treasury bond auction didn’t go so well, which adds to worries about the U.S. debt piling up and how Wall Street …
by mark000 In August 2008 what was about to happen? A GFC and the plunge stage of the Great Recession. And 99% of people were blissfully unaware even as the other 1% could see it inevitable arrival, just waiting for when. It is the same situation right now, October 2023. 🔴 IMF'S MANAGING DIRECTOR GEORGIEVA: …
By Graham Summers, MBA The great debt crisis of out lifetimes is approaching. The U.S. has now reached the point at which it is adding debt at an exponential rate. It took the U.S. 232 years to rack up its first $10 trillion in debt. Thanks to the Fed’s egregious monetary policies following the Great Financial …
The situation is getting serious as banks are experiencing one of the sharpest declines in lending activity ever recorded. This means they’re not lending money as readily as before. At this rate, we might be heading towards a “credit event,” which essentially means a big problem in the world of credit and lending. Moreover, banks …
The US military is fighting a fitness crisis brought by a growing number of obese troops and ‘skinny fat’ recruits who can’t pass fitness tests. Obesity rates among service members surged during COVID and recruiters are also confronted by a growing number of would-be soldiers who are simply too large, too weak or both. Top …
by waitingonawait Friend thinks this will be a nuke to the economy. https://www.reuters.com/world/china/chinese-developer-country-garden-faces-fresh-offshore-payments-deadline-2023-10-09/ HONG KONG, Oct 9 (Reuters) – China’s Country Garden (2007.HK) may announce a restructuring plan for its offshore debt soon, local media reported on Monday, as the country’s largest private property developer faced another looming debt deadline. The developer, which missed two dollar interest …
Illinois Gov. J.B. Pritzker on migrant crisis: "It's gonna get cold in Chicago and New York very soon and there are lots of other places in the country that they might wanna consider going" pic.twitter.com/qZ3Bu6TLSO — NewsWire (@NewsWire_US) October 8, 2023
Some solid evidence that a potential energy crisis is driving collateral problems. This week when oil prices were routed, some of the collateral pressure abated: swap spreads decompressed as WTI retreated. pic.twitter.com/AOWyjKyN3O — Jeffrey P. Snider (@JeffSnider_EDU) October 7, 2023 Collateral concerns keep popping up though mostly among the offshore participants. Japanese bills, Italian spreads. …