Independent thinking for complex markets and current events
In the midst of holiday festivities that captivated the attention of many, a seismic shift silently unfolded within the intricate web of the global banking sector. The evolving narrative tells a tale of banks tightening their fists, shutting down branches, and adapting to the evolving digital landscape. https://www.youtube.com/watch?v=BBtYaE3vhrU
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 know this? It took the U.S. 232 years to generate its first $10 trillion in …
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 in over their heads, some experts say — even more than credit cards, which are …
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 ripples through the economy. Two of China’s biggest state-owned banks and a leading joint-stock bank …
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" – Interest rates near… pic.twitter.com/idv0E9kdgW — Genevieve Roch-Decter, CFA (@GRDecter) January 2, 2024 And if …
$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 all outstanding US government debt, adding upward pressure on rates. That’s still below 2020, when …
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 and several family members headed by helicopter to Camp David, the presidential retreat in the …
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 pause that first began in March 2020 under his predecessor, former President Trump. However, 40% …
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 solvent. They printed far too much for far too long.. more and more debt = …
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 for Federal income taxes … 40% of it is… https://t.co/OCPDzSgYnR — Wall Street Mav (@WallStreetMav) …
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 fire is temporary and should not at all be interpreted as a start of the …
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 outstanding government debt from overseas buyers has significantly reduced with share of Treasury bonds hold by foreign private …
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 U.S. government debt. That’s bad news for Washington. The U.S. Treasury market is in the …
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 in the next 6 months. We are… https://t.co/Q7Ac66vw99 — Wall Street Mav (@WallStreetMav) November 6, …
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 of 232 years. Following the Great Financial Crisis, it added another $10 trillion in just …
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 trillion in credit card debt, coupled with record-high interest rates of 25%, underscores the growing …
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 interest rates. As rates have nearly tripled on most forms of debt, bankruptcy filings are …
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 need for educated immigration. We don't need your doctors, your… pic.twitter.com/EGV7bGJQqT — Robby Starbuck (@robbystarbuck) …
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.” Superficially, the economy looks solid. As measured by real gross domestic product (GDP), it increased …
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 debt comes …. drumroll … delinquenices! Let’s start with mortgage loans, the overall delinquency rate …
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 this develops. — The Kobeissi Letter (@KobeissiLetter) August 20, 2023 https://t.co/iEvXXZxXfn — Win Smart, CFA …
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 billion in the second quarter, surpassing $1 trillion for the first time ever, the New York Federal Reserve Bank reported …
