A hub for independent voices and hard truths
BREAKING Teachers Federal Credit Union announcing new tightening on Auto loans. ~$9B credit union, major player in NY / NJ regions. Credit is getting tougher and tougher. pic.twitter.com/hTMdpDzFHL — Car Dealership Guy (@GuyDealership) September 29, 2023 Nearly 1,500 small businesses …
The financial landscape is showing signs of entering the second phase of the credit cycle, where financial institutions suddenly face the realization of credit losses. This is causing notable instability and liquidity challenges within the banking system. Simultaneously, many companies …
Makes sense, with the acceleration in credit card defaults hitting levels higher than even the 2008 Financial Crisis pic.twitter.com/AA0i4w9S97 — Bravos Research (@bravosresearch) September 12, 2023 BREAKING: Delinquency rates among credit cards issued by smaller banks are the highest on …
by confoundedinterest17 No, this isn’t a John Kerry/Greta Thunberg hysterical warning about climate change. But a storm created by 1) Biden/Congress spending splurge and 2) excessive monetary stimulypto by The Federal (Feral) Reserve. Now that The Fed is withdrawing the …
According to recent reports, lenders in the United Kingdom have experienced the most significant surge in mortgage defaults in over a decade. Over the past three months, there has been a noticeable increase in the number of borrowers who are …
via wolfstreet: The financialization of everything has let to a convoluted setup for hotels and their beaten-up investors at all levels. It goes something like this: The hotel properties are held by a publicly traded hotel REIT that leveraged them …
by BoatSurfer600 This recession will turn into a depression real quick. Americans under 25 racked up more credit card debt than any other age group last year – and they’re about to run into trouble as financial conditions tighten and …
https://www.youtube.com/watch?v=gj3TZZJnbeQ
by Simian_Stacker lololololol pic.twitter.com/9eHXg1CN6v — KKGB (@INArteCarloDoss) June 6, 2023 Banks Cutting Losses on Distressed Office Loans Earlier this year, RXR dropped a bomb on New York commercial real estate. CEO Scott Rechler signaled that his firm might hand lenders …
From commercial loans to the corporate bond market. Things look fragile. The "experts" tell us it's nothing like 2009 yet they said we had nothing to worry about back then either. I think things are going to get messy. — …