Independent thinking for complex markets and current events
A credit crisis is already in motion in 2023, and it is threatening to collapse the standard of living of many American families as loan conditions get tighter while the cost of living continues to climb. Access to credit is about to become an enormous issue for U.S. consumers. Today, we’re carrying far more debt …
China’s property crisis is seen as one of the biggest stumbling blocks to a sustainable economic recovery, with rising risks of default among private developers threatening to imperil the country’s financial and economic stability. Moody’s on Thursday cut China’s property sector outlook to negative from stable, citing economic growth challenges, which the rating’s agency said …
NYC Mayor has estimated potential costs of up to $12 billion for the city over the next three years. Read more: https://t.co/vOFF0QtouY — unusual_whales (@unusual_whales) September 13, 2023 ⚠️ THIS NEWS CLIP NEEDS TO BE SHARED EVERYWHERE ⚠️ “The Migrant Crisis Now Forcing Deep Budget Cuts For New York City” “Today, Mayor Adams Officially Ordered …
Makes sense, with the acceleration in credit card defaults hitting levels higher than even the 2008 Financial Crisis pic.twitter.com/AA0i4w9S97 — Bravos Research (@bravosresearch) September 12, 2023 BREAKING: Delinquency rates among credit cards issued by smaller banks are the highest on record, per Apollo Group. — unusual_whales (@unusual_whales) September 12, 2023 The crashing office market will …
via naturalnews: The British parliament sneaked through a sinister piece of legislation this week that would criminalize Brits for disagreeing with the “climate crisis.” As one of its first orders of business following the summer recess, the government of the United Kingdom slipped in a “net zero” bill that, in effect, would make it a crime …
Japan's 10-year yield just surged to its highest level in almost a decade. Developed economies are currently facing a chronic debt crisis, with deeply entrenched inflationary pressures propelled by escalating deglobalization, reckless fiscal spending, worsening inequality, and… pic.twitter.com/Vr1lxbjdyf — Otavio (Tavi) Costa (@TaviCosta) September 11, 2023
by confoundedinterest17 Bidenomics is a train wreck. But unlike E. Palestine Ohio, the site of a train derailment and massive toxic spill (for which Biden has yet to visit), Bidenomics is a continuing train wreck. The first chart is the record decline in US net cash farm income. Now in negative growth! Second, US office …
Around the world, debt is skyrocketing – and rising interest rates are making it unsustainable. In this first part, Ben Norton discusses the impending crisis in the United States, before explaining in part two how Wall Street traps the Global South in debt. Credit card debt vs personal savings. pic.twitter.com/LQMhkTZz6Y — zerohedge (@zerohedge) September 8, …
by Martin Armstrong A leaked memo from June 2022 reveals that Canada’s Justin Trudeau was warned that the mass influx of immigrants would exacerbate the housing crisis. “There is broad agreement among experts that homebuilding has been insufficient in comparison with housing demand in recent years, particularly with the increase in immigration since 2015,” the …
With the new debt ceiling bill, the limit is UNCAPPED until 2025. Estimates show $4 trillion in debt will be added by 2025 at this rate. Meanwhile, interest expense is rising with rates. This is unsustainable. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) September 7, 2023 Pretty …
Maintaining standards is more important than “making mission.” Over time, the standards that a person must meet in order to enlist in one of the armed services of the United States have varied considerably. At times when recruits abound, the qualifications required of them go up. When, however, recruits are hard to find, these …
https://www.youtube.com/watch?v=ukd4IwZLF8o Two of the world’s biggest credit card issuers, Visa and Mastercard, are warning about an impending credit card crisis, and consumers should be on high alert because fee hikes will start being introduced over the next 30 days. Both payment technology companies said they also intend to raise credit card fees paid by merchants …
JPMORGAN: “.. there is now a higher likelihood of a crisis over the next 6 to 12 months, the severity of which could be higher than [markets] anticipate. Risks of an interest rate shock .. are clear: consumer credit .. funding of startups .. impact on employment ..” [Kolanovic] pic.twitter.com/PvXkzsZA2Z — Carl Quintanilla (@carlquintanilla) September …
https://www.youtube.com/watch?v=-c7EKqC-Krg Target’s products are going to get more expensive this fall. The company’s CEO is warning about tougher conditions for shoppers and also raising the alarm about the state of the U.S. economy. The retailer is one of the biggest general merchandise companies in America, and its household goods, groceries, and clothing are about to …
BEIJING (Reuters) – Chinese President Xi Jinping’s first major reform plans a decade ago were also his boldest, envisaging a transition to a Western-style free market economy driven by services and consumption by 2020. The 60-point agenda was meant to fix an obsolete growth model better suited to less developed countries – however, most of …
US records highest credit card debt level at $1.03 trillion, 4.6% increase from Q2, with 20.63% interest rate, 47% cardholders carry monthly balances, and $7,227 average debt, with Connecticut and New York having the highest. ✅ US credit card debt surpassed the one trillion dollar mark and is now at the highest level ever recorded …
At the same time, homebuyers are now putting FAR LESS down than the 2008 era. The average downpayment was 14% in 2020 and now 18%, well below the 22%+ seen in 2008. All while interest rates hit 30-year highs. Follow us @KobeissiLetter for real time analysis as this develops. pic.twitter.com/ApTjkIQuRp — The Kobeissi Letter (@KobeissiLetter) …
Kevin O’Leary warns chaos is about to begin for US economy: ‘Wake up and smell the roses’ “We have a crisis emerging. … I’m talking about companies with five to 500 employees, which represent over 60% of our economy,” O’Leary said. “If you’re in the S&P 500, you have no trouble financing your business. You …
via CNN: Hong Kong/London CNN — Country Garden warned Wednesday that it could default on its vast debts as it reported a loss of 51.5 billion yuan ($7 billion) for the first six months of the year. The company, which was China’s largest residential developer last year, said it had been caught off guard by …
via studyfinds: A recent study is revealing the dire state of public health in the United States. In comparison to other wealthy nations, the U.S. death rate far outpaces America’s peers — leading researchers to say that the country is actually “experiencing a crisis of early death.” Researchers from the Boston University School of Public …
by mark000 https://edition.cnn.com/markets/fear-and-greed Has dropped from 83 five weeks ago to 44 today. Global: market crash + financial system crisis + economic depression approaching. Or worse…… Bulls, is this a good idea? You can't always tell. pic.twitter.com/mPetdsVxxi — Mac10 (@SuburbanDrone) August 25, 2023 He got away with it last time. pic.twitter.com/s4gHCrrUFw — Mac10 (@SuburbanDrone) August …
Babies are being stillborn because expectant women cannot afford to attend appointments amid the cost of living crisis, a report warns. Researchers are calling for new funding to help ensure mums-to-be do not miss important consultations and are able to properly care for themselves. Bradford District and Craven Health and Care Partnership and Bradford Teaching …
Greece minister has labelled those responsible as “ARSONIST SCUM” after a staggering 79 were arrested over the fires… We don’t have a climate crisis… we have an arsonists crisis pic.twitter.com/0CRHLvZCNq — Pelham (@Resist_05) August 25, 2023 NEW – Greece has called out "arsonist scum" after police made 79 arson arrests over wildfires ravaging the country.https://t.co/nWim54Du8u …
Meanwhile, PPI for construction materials is up 11% YoY over the last three years, potentially putting more pressure on homebuyers as the demand for new homes continues to increase. https://t.co/rfFs5LNsry — David Sommers (@dgsommersmkts) August 23, 2023 Mortgage rates reached +14.75% in 1979. And then this happened 👀 pic.twitter.com/0ykTQHvNrE — Genevieve Roch-Decter, CFA (@GRDecter) August …
Another Missile Crisis. Thanks Joe. Nicaragua’s Communist dictator, Daniel Ortega, has authorized the installation of Russian military bases on his territory. The decree is reported to have been signed on Monday, August 21, according to the Russian state news site “Avia.Pro”. Avia.Pro reports: The President of Nicaragua, Daniel Ortega, signed a decree according to which the deployment …
