A hub for independent voices and hard truths
By Graham Summers, MBA The U.S. passed a debt ceiling resolution in May of 2023. Both the GOP and the Democrats claimed victory for the deal, but the reality is the government won and Americans were screwed. How do I …
by Stephen Green BIDENOMICS: Americans are racking up more ‘phantom debt’ — why that’s a problem. Some types of debt can haunt you. “Buy now, pay later” loans, especially, can be hard to track, making it easier for more consumers to get …
Jan 3 (Reuters) – Some of China’s top banks have sharpened scrutiny of smaller peers’ asset quality and have tightened standards for interbank lending, three sources said, in an effort to curb credit risk as a deepening property debt crisis …
Starting off 2024 with: – Record U.S. debt – Record U.S. debt interest payments – Expected record U.S. Treasury issuances in 2024 – Record speculative-grade debt maturing over the next 5 years – Moody’s downgrades U.S. to "negative" from "stable" …
$7.6 trillion of US government debt will mature in the next year, adding pressure on rates A whopping $7.6 trillion in interest-bearing US public debt will mature within a year, Apollo’s chief economist said in September. That represents 31% of …
by confoundedinterest17 C’mon Joe. The media has always reported bad news. Warm and fuzzy doesn’t anger people, but bad news does! And under Bidenomics, there has been a lot of bad news. President Biden railed against corporate media before he …
Millions of Americans strapped with student loan debt are still not paying their bills after a three-year payment hiatus ended this fall. Federal student loan payments restarted at the beginning of October after President Biden declined to extend the pandemic-era …
World debt has been in “Up Only” since 1972 And has risen even more rapidly since 1997 It’s now crossed $225 trillion There’s no looking back now pic.twitter.com/iVoQrabJgj — Bravos Research (@bravosresearch) December 15, 2023
by cervantes__01 ’08 should have been a complete collapse of asset bubbles.. instead of allowing it all to clear out, central banks started inflating the money supply via debt to catch freefalling assets and to re-inflate them to make debtors …
US govt:~$5 trillion total rev all sources~$2.5 trillion of that is personal income taxes~$1 trillion annual interest on the debt. This is crazy to think about. When you look at your paycheck info, and you see that amount taken out …
The agreed four-day cease fire between Israel and Hamas starts today. Both camps will release hostages and humanitarian aid will be allowed into Gaza. While perhaps promising to the outside world, both camps make sure to bring across the cease …
by Chris Black China is selling, but they are not yet dumping, because they’re still preparing for the dump, which is going to shock their own economy. But the dump is surely coming. RT: Demand for US… Continue reading by …
Overseas private investors and central banks now own about 30% of all outstanding U.S. government debt, down from roughly 43% a decade ago Chart of foreign flows of US Treasuries over time: https://i.imgur.com/sPYl8E5.png Foreigners no longer have an insatiable appetite for …
Good question. We have nearly $34 trillion in national debt.It grew by over $1 trillion between July 1 thru Sept 30th.It grew another $500 billion in October. The US Treasury has already announced they plan to borrow another $1.5 trillion …
https://twitter.com/Kacper_PK_CH/status/1713631923891745067 https://twitter.com/JustinRose/status/1713736857622651300
By Graham Summers, MBA As I noted yesterday, the great debt crisis of out lifetimes is approaching. The U.S. is now adding debt at an exponential rate. The U.S. racked up its first $10 trillion in debt over the course …
With the median mortgage payment exceeding the cost of rent by $1,000 per month and average new car payments and used car loan interest rates reaching new highs, households are feeling the strain of increasing expenses. The milestone of $1 …
Meanwhile, in the US, yields on 30-year Treasuries are poised for their largest quarterly jump since 2009. https://t.co/l72Q23yKu5 — Lisa Abramowicz (@lisaabramowicz1) September 29, 2023
“Bankruptcy filings for companies with at least $10 million in liabilities are rising sharply. Since the Fed started raising rates in March 2022, bankruptcy filings have more than doubled. Corporations, individuals, and the government all got used to historically low …
Poland goes OFF on the EU! 🔥🔥🔥 "The lowest unemployment is in Poland. The highest GDP after COVID in the European Union is Poland. One of the lowest debts in Europe is Poland. Don't give us this rubbish about the …
Why is this not getting more attention? h/t WarrenBuffetsIntern
via reason: As election season approaches, Democrats are touting the economic results of Biden administration policies aimed at improving the lives of working Americans and creating a more equitable economy. But ordinary Americans aren’t feeling the so-called success of “Bidenomics.” …
by betsharks0 Maybe Joe will forgive all auto loans.
“It’s just money. It’s made up”- Margin Call circa (2011). h/t DesmondMilesDant
by confoundedinterest17 Thanks to Bidenomics, code for massive Federal spending on green energy initiatives and payoffs fo large donors, we have agonizing inflation and consumers are borrowing more and more to cope with inflation. And with the increased use of …
For the first time in history, the median monthly mortgage payment is nearing $3000/month. Mortgage rates are now at their highest since 2002. Inflation has made many basic necessities into unaffordable things. Follow us @KobeissiLetter for real time analysis as …
https://twitter.com/Blackpearl_1119/status/1689328367987040256 h/t Simian_Stacker
by Chris Black These people tell you they’re creating a utopia of mutilated kids, endless war, and blacks going buckwild. Meanwhile in the real world: RT: Credit card balances in the US rose by $45 bi… Continue reading by subscribing.
The US has $17.1 trillion in household debt, $12.0 trillion in mortgages, $1.6 trillion in auto loans, $1.6 trillion in student loans, and $1.0 trillion in credit card debt. pic.twitter.com/xU9iQN2f5f — MapleMAGA 🇨🇦🇺🇸 (@MapleMAGAw5) August 8, 2023 US Total Household …
