A hub for independent voices and hard truths
Surely an industry with over 60% subprime loan stackers can’t go wrong (Source: Jan ’25 CFPB Report) byu/-DeBussy- inwallstreetbets https://www.consumerfinance.gov/about-us/newsroom/cfpb-research-reveals-heavy-buy-now-pay-later-use-among-borrowers-with-high-credit-balances-and-multiple-pay-in-four-loans/ CFPB report reveals nearly 2/3 of BNPL borrowers are subprime as Klarna moves to DoorDash h/t -DeBussy-
Vlogger Tiffany Cianci recently went viral with a video explaining how private equity firms have recently bought up and destroyed well-known brands like Hooters, Jo-Ann Fabrics, Party City and Forever 21, driving these often beloved franchises into bankruptcy. Even worse, …
Consumers are feeling the pinch, and the situation is only getting worse. After years of negative real wage growth and escalating credit card debt, retail sales are reflecting a harsh reality: inflation is biting harder than ever. After 4 years …
via notayesmanseconomics Today I wish to look at what may well turn out to be rather an epoch making moment for both the European Union and the Euro area. It starts with something rather awkward in terms of economics as …
Trump promises to close loophole—will America be robbed again? 🚨🇺🇸 WALL STREET IS COLLAPSING COMPANIES FOR PROFIT—AGAIN Joann’s, Party City, Big Lots—profitable stores, but all going bankrupt. Why? Because Private Equity loaded them with debt they knew they couldn’t survive. …
With a debt-to-GDP ratio over 200%, rolling over that debt at higher rates is a financial death sentence. Worse, the Bank of Japan holds 70% of their bonds — meaning if the market crumbles, the central bank collapses too. Japan’s …
Gold is outperforming the S&P 500 in 6 of the last 7 years. Stock market returns are not as impressive as many had hoped. pic.twitter.com/i9Ps6dOd3D — Anthony Pompliano 🌪 (@APompliano) March 5, 2025 https://twitter.com/leadlagreport/status/1897817984992694374 Russia Begins Piloting Digital Gold System …
by confoundedinterest17 Former Federal Reserve Chair and Biden’s Treasury Secretary Janet Yellen was so in on Biden’s failed economic spending spree that she caused a fiscal disaster by refinancing Federal debt at the short end of the Treasury curve. Leaving …
by Michael Do not read this article if you do not want to get angry. The “healthcare industry” in the United States has become one gigantic money making scam, and tens of millions of American families now live in great …
Fed Minutes (January 2025) Fed can maintain policy at restrictive level if economy strong Several participants suggest halting or slowing balance sheet reduction pending debt ceiling resolution Two participants believe risks to achieving inflation mandate outweigh risks to employment mandate …
by Michael More than 18 million students are enrolled at over 5,800 colleges and universities in the United States. On average, it costs more than $100,000 to attend a college or a university in the U.S. for four years. It has …
The numbers tell an undeniably disturbing story. The U.S. national debt is on track to approach 100% of GDP this year, a massive surge from just 36% in 2005. To make matters worse, projections show that by 2035, the debt …
by confoundedinterest17 Oh we’ve got trouble in (Potomac) river city … with a capital P and that rhymes with D and that stands for DOGE. But can DOGE (Department of Government Efficiency In 2025, $9.2 TRILLION of US debt will …
Trump signed an executive order directing officials to create a sovereign wealth fund for the U.S. But the U.S. is $36.5 trillion in debt. Doesn't it make sense to pay that debt off first, as it's a guaranteed return? Otherwise, …
She has an easy solution here. Marry the finance boyfriend, live on his income and use her nursing salary to pay off the debt. Done in less than 2 years. She can be debt free and pregnant by 30 if …
by Martin Armstrong Total global debt has peaked to 326% of global GDP, adding an additional $12 trillion of debt in the last three quarters of 2024, according to the Institute of International Finance. This figure surpasses what we saw …
even better version with live updates of expenditure actions pic.twitter.com/lDLvrADDJi — Arthur MacWaters (@ArthurMacwaters) January 21, 2025 https://www.usdebtclock.org/
The downside of Trump backing away from tariffs is that there will not be an offset to the income tax cuts or net spending increases that are coming soon. That means larger budget deficits and higher inflation to finance the …
Where were the Bond Vigilantes during the Biden Administration? Now that it's over, they suddenly blame Trump while ignoring Yellen, Brainard, and Biden's embrace of MMT and the idea that deficits don’t matter. We’re drowning in debt at levels reminiscent …
The U.S. economy is on a collision course with hyperinflation and a currency reset as reckless government spending spirals out of control. Discover why stagflation and hyperinflation are inevitable, what history teaches us about economic collapse, and how you can …
That’s fine if there’s a money printer in the basement. h/t DonaldKey
80% of all dollars in circulation have been printed since 2020 https://t.co/rajx6pSWIi pic.twitter.com/0oMIyveBwT — Inverse Cramer (@CramerTracker) January 8, 2025 (Bloomberg) — The 20-year Treasury bond offered a grim warning as a selloff fueled by inflationary angst gripped global debt …
by Antonius Aquinas Outgoing Treasury Secretary Janet Yellen has apologized (sort of) for the Biden administration’s failure to reign in the U.S. financial house and presiding over an increase in trillions of dollars in debt for the nation. According to …
A nurse has gone public with her financial struggles, breaking down while admitting she’s “broke” despite earning a six-figure salary. Her story sheds light on the growing economic hardships facing nurses, who remain burdened by unmanageable debt despite their critical …
Are we witnessing ‘peak China’? GDP projections have fallen dramatically over the past ten years.As a reminder, China’s demographics, the key ingredient for potential GDP growth, are way worse than those of the United States. This also explains why debt …
To start, here's a chart of US credit card serious delinquency rates for subprime borrowers. Subprime credit card delinquencies have risen 7 percentage points in just ~15 months. These borrowers reflect a WHOPPING ~23% of the consumer credit market, according …
by Michael The U.S. government is currently constructing the most colossal monument in the history of the world. It is a monument of debt, and we will forever be remembered as the nation that piled up far more debt than …
The federal debt has fallen $77 billion over the last 2 days, but only b/c Treasury has simultaneously drained $104 billion from its cash account; sure seems like Yellen is trying to set up her replacement at Treasury for failure …
Because while the economy looks solid, it's built on debt, inflation, and overvalued assets. Add in rising interest rates and global instability, and the conditions are ripe for a sharp correction, even in a seemingly strong market. — Rooted_In_Reality (@realonesknow87) …
