Investors are starting to worry France could default on its sovereign debt
Investors are starting to worry France could default on its sovereign debt 🍿🍿 https://t.co/P3V8ESa9Y8 — Peter St Onge, Ph.D. (@profstonge) June 27, 2024
default
Western sovereign debt relies on negative real rates to prevent nominal default.
An important reminder that everyone and their mother is currently long the US dollar. Crowded positions are often mistaken, making a squeeze in the opposite direction highly likely. While gold and commodities can indeed rise alongside a strengthening US dollar, this is an… pic.twitter.com/i5jGeeXDVU — Otavio (Tavi) Costa (@TaviCosta) June 12, 2024 Deficit spending as …
$45 billion of auto loans teetering on the brink of default.
The surge in missed payments suggests that many households are experiencing financial distress akin to a recessionary environment, despite broader economic indicators. In a chilling turn of events, serious delinquency rates for auto loans have skyrocketed to 2.8% in Q1 2024, the highest since the aftermath of the 2008 financial crisis. This surge paints a …
How are small banks surviving when their credit card default rates have completely blown through historical volatility levels?
You couldn’t possibly be referring to them simply not admitting everything was on fire… h/t Calm_Improvement659
Is This Major Country About to Default?
by Graham Summers Japan is showing us the endgame for central bank insanity. Ever since the Great Financial Crisis, the Fed has been following Japan’s playbook for propping up a financial system. Indeed, everything the Fed has done, Japan originally nearly a decade earlier. The Fed first cut interest rates to zero in 2008. Japan …
Affirm down 10% on news delinquencies have doubled on buy now default later
US Consumer is in great Fucken shape bro pic.twitter.com/fUp6BbvBvw — Mr. Nice Guy (@financebro21) May 8, 2024 the stock is getting slayed https://t.co/SegvTm4MJn pic.twitter.com/XIvubC9pzS — Jack Farley (@JackFarley96) May 8, 2024 https://twitter.com/apex_simmaps/status/1788270933712781410 An analyst has identified a major issue in U.S. consumer spending: “phantom debt” from “buy now, pay later” platforms that goes unrecorded by …
Over $2 billion in multifamily CMBS loans were added to the CRED iQ default watchlist today
This indicates that over $2 billion worth of multifamily Commercial Mortgage-Backed Securities (CMBS) loans have been flagged for potential default. The implication is that there may be financial distress in the multifamily real estate sector, possibly leading to increased defaults and financial instability in the CMBS market. Over $2 billion in multifamily CMBS loans were …
Discover card charge-offs soar; Four Seasons Maui faces default amid economic slowdown.
A financial shockwave reverberates: Discover credit card charge-offs peak since 2008, while Four Seasons Maui faces default on a $234 million loan. Amidst the unexpected downturn, even luxury icons falter, signaling broader economic turbulence. This is totally nothing like 2008 guys, relax! Also: Discover credit card charge offs hit highest level since 2008 pic.twitter.com/3152thEWBd — …
New Jim Willie: ‘Gold’s The Safe Haven When There’s No Escaping The Debt Default!’ – Arcadia Economics
Jim Willie- ‘Gold’s The Safe Haven When There’s No Escaping The Debt Default’ With gold and #silver rallying while there’s been a selloff in the bond market, today Dr. Jim Willie checks in to share his view on what’s happening. Jim talks about how Japan is selling US treasuries, which has added to the pressure …
The New Asian Crisis: China’s real estate meltdown hits family wealth; 70% assets tied to property. 34 top developers in default.
China's Real Estate Collapse At the heart of the decline in family wealth is China's real estate meltdown, which is having a pervasive effect on a society where 70% of family assets are tied up in property. Towards the end of last year, 34 of the top 50 Chinese property… pic.twitter.com/owUbTR8RjW — Reef Insights (@ReefInsights) …
Blackstone in DEFAULT. Property Values plunging as much as 90%.
Big corporate landlords like Blackstone are defaulting on mortgages of commercial property across America. Resulting in 90% declines in values in some cases, especially in cities like Las Vegas. Where Blackstone is nearing default on a 1.4 million SF office complex. One of several big properties than Blackstone has stopped making payments on and could …
Jim Willie: US Treasury Bond Default & Banking Crisis!
Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.
The crisis in China has caused a lot of borrowers to default. Evergrande started this snowball.
Chinese borrowers default in record numbers as economic crisis deepensMore than 8mn people are blacklisted by authorities after missed payments on mortgages and business loans. Defaults by Chinese borrowers have surged to a record high since the outbreak of the coronavirus… pic.twitter.com/SOXOR3tX01 — floridanow1 (@floridanow1) December 13, 2023 China's Real Estate Market suffered an 81% …
A default cycle has started…
DEFAULT CYCLE HAS STARTED pic.twitter.com/oq6SL4iAGx — Win Smart, CFA (@WinfieldSmart) November 28, 2023 Small Caps as bad as DotCom bust pic.twitter.com/fVMLkfCcOA — Win Smart, CFA (@WinfieldSmart) November 29, 2023
China-base Zhingzhi Enterprise Group collapses, declares massive default on financial instruments
– Ripple effects will impact U.S. institutional investors, pensions, municipalities, banks and more – US banks getting hit with a liquidity crisis that will only get worse https://www.cnn.com/2023/11/23/business/zhongzhi-enterprise-group-china-insolvent-hnk-intl/index.html https://fortune.com/2023/11/24/china-real-estate-zhongzhi-enterprise-group-shadow-bank-real-estate-crisis/ https://www.bloomberg.com/news/articles/2023-11-22/china-s-troubled-shadow-bank-zhongzhi-warns-of-insolvency#xj4y7vzkg h/t TerraForms
Conference Board Leading Indicator Records Alarming -7.8% Drop, Echoing Historical Precedents of Economic Downturn Over Six Decades; High Default Rates in Loan and Bond Market Also Signal Sharp Slowdown
The sustained 18-month decline in the Conference Board Leading Indicator is a worrying trend reminiscent of historical economic crises, particularly in 1973-74 and during the Global Financial Crisis. The current -7.8% decrease aligns with significant economic downturns over the past six decades, indicating a potential hard landing. This, coupled with a high and rising loan …
Interest Consumes 40% of Income Taxes, U.S. Treasury’s Unsustainable Path Raises Default and Inflation Fears
The interest payments on the national debt alone used up 40% of all the money collected from individual income taxes in October. This means a significant portion of the taxes paid by individuals goes just towards paying the interest on the money the government has borrowed. The US Treasury is now spending almost twice as …
Goldman Sachs Signals 98% Historical Risk of Default as Countries Reach 130% Debt-to-GDP Rati
In the last 120 years, when a country’s debt got really high, 98% of them ended up not being able to pay it back. Ken Griffin says the government can avoid this by printing more money, but it would mess up the economy really bad. A simple solution could be for Congress to spend less, …
Commercial Real Estate Drowning with an 88.9% Default Rate!
I sense that the market is currently stagnant, and we’re on the edge, anticipating a series of negative events. Banks and other lenders are likely to grapple with extensive non-performing loan portfolios. It’s time to brace ourselves for what’s coming. Source: https://cre.moodysanalytics.com/insights/cre-news/ma-cre-office-loan-maturity-monitor-office-borrowers-still-struggling-for-takeouts-also-time-to-worry-about-multifamily/ https://www.youtube.com/watch?v=RP9HHlc30MU&t=118s h/t guardimus
US National Debt Soars to $33 Trillion, Raising Concerns of Unsustainability and Default in 20 Years
The US national debt is outpacing economic growth, reaching $33 trillion this month, a stark increase from 70 years ago. As of this month, the total national debt stands at $33 trillion, approximately 124 times larger than it was 70 years ago. Read more: https://t.co/kmk1paPUkp — unusual_whales (@unusual_whales) October 30, 2023 Nothing to see here, …
71% of Chinese property Bonds are in default
https://t.co/XBw4c92N4m — Win Smart, CFA (@WinfieldSmart) October 23, 2023 If that’s true, there is no recovery from this. It’s a matter of time. Might be a long time or a short time, but it’s all coming down. Contagion $100B+ in defaults in China's property bond sector could ripple through the world economy. It might impact …
Say goodbye to passwords because Google $GOOGL is making passkeys the default way to sign in for all users
by TonyLiberty Say goodbye to passwords because Google $GOOGL is making passkeys the default way to sign in for all users. Passkeys are the future of online security, and a more secure and convenient way to log in to websites and apps. They use your device’s authentication method, such as biometrics or a PIN, to …
The situation is becoming rather worrisome: The slump in 10-year and 30-year bonds is approaching the epic drops we saw in stocks during the 2008 financial crisis and the dot-com bubble bust. Accelerating Junk Bond default is coming.
The Bear Market never ended. The end of this bear market rally is rapidly approaching……. https://t.co/kf0JCvL7XA — Win Smart, CFA (@WinfieldSmart) October 5, 2023 G, we already there… Long-duration US TSY bonds have now lost more in % terms than stocks did during the GFC in 2008-2009 The drawdown in Vanguard Ext Duration Treasury ETF …
Global funds slash china stock positioning to lowest since 2020… Chinese developer SCE Group seeks offshore debt restructuring after default
(Bloomberg) — Global funds further trimmed their Chinese stock holdings in September, extending a relentless selloff and lowering their average position in the country to the lowest level since 2020, Morgan Stanley said. Net monthly outflows from active long-only managers in China and Hong Kong equities totaled $3.2 billion during the month largely due to …
As rates have nearly tripled on most forms of debt, bankruptcy filings are rising. Nearly $270 billion of leveraged loans carry weak credit profiles and are potentially at risk of default
“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 …
Bonds Are Sniffing Out We Have Our Next Leg Up Higher In Inflation… BoA: 5% Inflation Could Cause 15% of Junk Bonds to Default
TLT is cracking lows not seen since 2011. BREAKING: Bond tracking ETF, $TLT, falls below $90 for the first time since April 2011. The 10-year note yield is now trading above 4.50% for the first time since 2007. The 2-year note yield is now up a massive 500 basis points since September 2021. Treasury yields …
Nearly half of student loan borrowers plan to default
Half plan to default ☝️ But, Younger people drove the spending over summer 👇 pic.twitter.com/9QpEOcST4v — Win Smart, CFA (@WinfieldSmart) September 18, 2023 This situation could be quite concerning for several reasons: Credit Score Damage: When people default on their student loans, it can wreak havoc on their credit scores. This means they’ll have trouble …
US Credit Default Swaps Price Now Above Spain As US Debt Gets Close To $33 TRILLION And $194 TRILLION In Unfunded Federal Promises (Joy To The Globalist Elites!)
by confoundedinterest17 I ain’t never been to Spain, but the US under Biden is like Spain in terms of default risk. Actually, I have to Spain numerous times and love visiting Barcelona. But the US debt fiasco under Biden and Congressional spending sprees has led to … US credit default swap being priced worse than Spain’s …
China is in default on a trillion dollars in debt to US bondholders. Will the US force repayment?
Every country should pay its sovereign debt. Default, we are told, is not an option. But has anyone told China? The United States pays interest on approximately $850 billion in debt held by the People’s Republic of China. China, however, is currently in default on its sovereign debt held by American bondholders. Successive U.S. administrations …