A hub for independent voices and hard truths
Leanne Kearey’s payments have risen from £1,120 to £1,600 a month. A homeowner has revealed her mortgage has gone up by £480 in the last month after interest rates hit a new 15-year high. Mum-of-one Leanne Kearey, 33, described her …
Bloomberg: Mortgage indicators ring alarms as spreads near post-subprime highs Background Worsening conditions in the U.S. mortgage-backed securities market are doing little to ease fears over financial contagion. Demand for home purchases and refinancing continued to take a hit last …
You’ll own nothing and we’ll be happy… Rising mortgage payments are squeezing the finances of millions of borrowers in Britain, threatening to undermine household spending and the broader economy. The dream of a soft landing that would have the Bank …
via naturalnews: Regional banks are currently scrambling to sell down their commercial real estate loan portfolios to minimize their risk amid fears of more bank runs like those seen late last year. The stress seen in the commercial real estate sector right …
via Steven Cinelli: As a banker and economist, I am riveted by the expeditious demise of Silicon Valley Bank and other institutions. Were these crashes due to bank mismanagement, as many pundits as well as regulators have posited? Were they …
Health specialists have warned against a new drug called ‘tranq’, which eats away at skin, resulting in amputations and can be fatal. Philadelphia. Powerful sedative Xylazine, also known as 'tranq', has flooded the streets.Disturbing new footage shows the devastating scale …
by BoatSurfer600 via YAHOO: (Bloomberg) — Sweden’s beleaguered property sector suffered another blow when one of the largest office landlords in the capital was downgraded to junk status by Moody’s Investors Service. Stockholm-based FastPartner AB saw its rating cut one …
via Kitco: The string of bank failures is not over, warned best-selling author of ‘Rich Dad Poor Dad’ Robert Kiyosaki. More banks are rumored to fail, Kiyosaki tweeted Thursday. The best-selling author pointed to the lending company loanDepot as the …
The banks all know the collateral being offered is toxic-waste sh*t. Fed Emergency Bank Bailout Facility Usage Hits New Record High; Money Market Funds See Small Outflow https://t.co/ZO97GCHNT5 — zerohedge (@zerohedge) June 15, 2023 They’re def hoarding them Interbank lending …
by confoundedinterest17 Between work at home, Bidenflation and The Feral Reserve, commercial real estate and regional banks are suffering … and it could get a lot worse. And Joe Biden (aka, Negan) in general. Living in Negan Country! By Kevin Stocklin, Epoch …
The fear of a US banking crisis has largely faded from market sentiment, but it seems there's a steady, low drumbeat of distress among some firms. The amount of money lent out under the Fed's emergency lending facility rose for …
by BoatSurfer600 The inflation story is not over yet, and Europe is not out of the woods. Source: Sagar Singh
By Graham Summers, MBA Trouble is brewing in the U.K. again. Back in September 2022, which now seems so long ago, the global financial system nearly entered a debt crisis. The first country to “get to the brink” was the United Kingdom …
via news.com.au: Some Sydney renters are facing the prospect of having to share a bedroom with one or two other roommates as the housing crisis shows no signs of abating. The shocking conditions being advertised in Sydney rental homes has …
BIDEN VOTERS POSTING THEIR L’S ONLINE: Ex-Gov. Paterson says it’s a ‘frightening time’ in NYC with migrant crisis, toxic smog, weak real-estate market. The migrant crisis, weak commercial real-estate market and toxic smog from Canadian wildfires make this “a frightening time” …
RAY DALIO SAYS WE'RE AT BEGINNING OF LATE BIG-CYCLE DEBT CRISIS – on this we agree. And as usual, few know what, how or why. Which makes for amazing trades. pic.twitter.com/fJ6AL4SVwn — Michael Taylor (@Mike_Taylor1972) June 7, 2023 https://t.co/J8joLEILkG — …
https://t.co/J8joLEILkG — Win Smart, CFA (@WinfieldSmart) June 8, 2023 No it isn't. https://t.co/Yz6TjPCYMI pic.twitter.com/ns9EdXBrd1 — Financelot (@FinanceLancelot) June 7, 2023 Treasury Secretary Yellen warns of commercial real estate ‘issues’ that could strain banks (by the time Yellen the Felon notices …
via cowboystatedaily “Despite billions of federal dollars going into renewable energy, construction of wind and solar farms, as well as the needed transmission to support them, is moving at a glacial pace compared to the speed by which the Biden …
A labor slowdown is plaguing critical West Coast ports as workers refuse to turn up amid labor negotiations – stoking fears of a looming supply chain crisis. Though no strike is currently underway, several major ports along the West Coast, …
via John Mauldin “Crisis” is an overused word. Actual crises are those rare times when we are on the knife edge of disaster. It’s not a crisis when a bank fails, or Congress can’t agree on a budget. Those are …
Some US banks are preparing to sell off property loans at a discount even when borrowers are up to date on repayments, a sign of their determination to reduce exposure to the teetering commercial real estate market, per FT. — …
The housing market has never been more out of reach for people. https://t.co/vYbrjSumPt — Win Smart, CFA (@WinfieldSmart) June 3, 2023 The Housing Market Has Never Been This Unaffordable For New Buyers Americans looking for a new home are facing …
https://wolfstreet.com/2023/06/01/feds-balance-sheet-plunged-by-348-billion-in-the-10-weeks-since-peak-bank-crisis-and-by-580-billion-since-qt-started/ “Total assets held by the Fed dropped by $50 billion in the week, to $8.38 trillion, down by $118 billion for the month and by $348 billion in the 10 weeks since peak-bank-crisis. Quantitative Tightening (QT) continued on track, …
In a discovery that is likely to excite opponents of the fossil fuel industry, scientists claim to have developed technology that can use any material to generate energy out of thin air, provided the air is humid enough. The study, led …
by confoundedinterest17 Sweet Home Chicago? After the unexpected resurgence in April, Chicago PMI plunged in May from 48.6 to 40.4 (against expectations of 47.3). That is the ninth straight month below 50 (in contraction)… Source: Bloomberg That is the longest …
The bond market is showing the most fear outside of the 2008 crisis. Equity and currency volatility are at much lower levels, while the MOVE gauge of Treasuries volatility is at its highest level since 2011. This suggests that investors …
Egg prices are exploding in the United States as the food supply chain crisis spirals out of control. A new Bloomberg report exposed that food costs are rising uncontrollably all across America, reaching the highest level since May 1979.A few …