Independent thinking for complex markets and current events
by Phoenix Capital Research Ready to get really furious? There is ample evidence that the current Fed, led by Fed Chair Jerome Powell, is highly political, making policy decisions based on political preferences rather than economic data, or what’s best for Americans’ pocketbooks. Case in point, the Powell Fed has happy to cut rates by …
https://archive.is/20241230130345/https://www.ft.com/content/c755a34d-eb97-40d1-b780-ae2e2f0e7ad9 “High-income households are fine, but the bottom third of US consumers are tapped out,” said Mark Zandi, the head of Moody’s Analytics. “Their savings rate right now is zero.” US economy so STRONG. Just ignore 110 million bottom turd of society. F**k dem riffraff right? h/t mark000
Hunter Biden owes his ex-wife $2.9 million after a protracted legal battle — and now his one time spouse is expected to be a key witness in his looming trials. Kathleen Buhle, who was married to the first son for 24 years before they split in 2017, claims Hunter has blown off agreed-upon alimony payments, …
President Joe Biden and First Lady Jill Biden have disclosed personal debts totaling up to $815,000, primarily from mortgages on their Delaware home and an equity loan. Additional debts include a term loan and a loan against a mutual fund. Their reported assets range between $1 million and $2.6 million, while liabilities range between $350,000 …
The US is currently paying $2M PER MINUTE on interest payments on outstanding debts…let that sink in https://t.co/MaE8BdULmj — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) May 14, 2024 Let’s talk about something we can wrap our heads around: the US vs. China money supply. The pervasive phenomenon of global monetary dilution is a fundamental aspect of …
Yet the payments due last week were for bonds issued under a Chinese scheme where state-owned financial institutions guaranteed debt issued by a handful of major private developers, including Country Garden. About 33.7 billion yuan ($4.6 billion) of bonds have been issued under the scheme, according to Bloomberg. If the beleaguered developer failed to pay …
In China, economic challenges intersect with personal finance in striking ways. As the nation grapples with a real estate crisis and a prolonged market slump, millions of citizens find themselves ensnared in a web of debt, facing not only financial strain but also a loss of access to fundamental services and opportunities. Key Points: Blacklisted …
This column has written many times, in vain, about student loans, beginning here on May 8, 2014, with “Hey, Hey, Ho, Ho, Student Debt Has Got to Go!” but Republicans have yet to pull the fast one on the Democrats that was recommended in the columns. However good an idea student loans may have been …
Like many Chinese people, Jacky hoped that he could make enough money investing in China’s stock markets to help pay for an apartment in a big city. But in 2015 he lost $30,000, and in 2021 he lost $80,000. After that, he shut down his trading account and started investing in Chinese funds that track …
GLOBAL 🌎 DEBT pic.twitter.com/nQ0yQ3jliw — Win Smart, CFA (@WinfieldSmart) December 21, 2023 The IMF loans these countries money as they have no other place to go. These loans are not cheap as they come with penalties. pic.twitter.com/byfZMJqgrV — floridanow1 (@floridanow1) December 21, 2023
Rudy Giuliani has filed for bankruptcy in New York with debts of $153 million owed to creditors including Hunter Biden. The former New York Mayor, who led the effort to challenge the 2020 election result on behalf of Donald Trump, said he had less than $10 million in assets. Last Friday, Giuliani was put on …
S&P Global Ratings revealed that corporate defaults reached a total of 16 in August. Read more: https://t.co/9aNUPiiD0A — unusual_whales (@unusual_whales) September 13, 2023 Providing a visual pic.twitter.com/jTSPphi6pz — Bravos Research (@bravosresearch) September 13, 2023 The sudden shifts in consumer behavior should not come as a surprise. We went from record levels of stimulus to the …
Scary Halloween in markets? 🎃 👻 “Consumer confidence fell more than expected in August, while delinquency rates among credit cards issued by smaller banks are the highest on record, according to data from the Apollo Group…Payments on approximately $1.1 trillion of federal student loans will resume in October, potentially setting consumers up for a “payment …
Macy’s executives have warned of a spike in customers failing to make credit card payments thanks to unprecedented pressures on household finances. The department store has seen its credit card revenue plunge by 36 percent this year due to the rise in delinquencies. Bosses said they had expected to see a rise in delinquencies post-pandemic …
Treasury Yields Reach Highest Since 2007 Amid Elevated Rate Fears: Rising Real Yields Reflect Firmer Economy and Higher Deficits; 10-Year Yield Surpasses 4.34%, Marking Highest Level Since Financial Crisis The US bond-market selloff resumed Monday, driving 10-year yields to a 16-year high, as the persistently resilient economy has investors positioning for interest rates to remain …
by bitkogan Alarming U.S Financial Stats of 2023: – Debt at record high – Interest expense on debt to reach record high– Credit card debt at record high – Average interest rate on credit cards at record high– Average monthly payment for new car at record high– Housing prices near… — Genevieve Roch-Decter, CFA (@GRDecter) August 9, 2023 WeWork …