Independent thinking for complex markets and current events
I shared this last week. So old news (to me) anyway. 30yr yield at 5% is desparation. The dominoes are falling. – Wynn https://t.co/Jnnhhac7tB — James Wynn (@JamesWynnReal) May 19, 2026 US margin debt surged +$83 billion in April, to a record $1.3 trillion. Over the last 12 months, margin debt has risen +$453 billion, …
British Prime Minister Keir Starmer’s chief of staff resigned Sunday over the furor surrounding the appointment of Peter Mandelson as the U.K. ambassador to the U.S. despite his ties to Jeffrey Epstein. Morgan McSweeney said he took responsibility for advising Starmer to appoint Mandelson, 72, to Britain’s most important diplomatic post in 2024. “The decision …
THE DOMINOES ARE FALLING One strike in Venezuela → Maduro gone. Next: Iran erupting in 100+ cities. Regime forces overwhelmed. Full revolution underway. The chain reaction:→ China retreats from Western Hemisphere, gets paid, Taiwan stays safe. → Cheap U.S. oil crushes Russia → Putin forced to end Ukraine war. → Mullahs fall → Reza Pahlavi …
The collapsing collateral pyramid: When MBS replaces Treasuries in repo, the system is running out of AAA ammunition. This is exactly how the shadow collateral system breaks: •Treasuries = pristine •MBS = haircut-heavy, riskier •Agencies = dead middle •Everything below = nuclear waste If the Fed is now vacuuming up MBS to keep funding markets …
by Michael It appears that the people running our system have decided that it is time for a wave of consolidation in the banking industry. A key program that was keeping U.S. banks afloat was allowed to expire last month, and everyone knew what that would mean. On Friday, the FDIC quietly announced that Republic …
Auto loans are fucked pic.twitter.com/SkOzrOrzsx — Darth Powell (@VladTheInflator) October 28, 2023 Car Owners Fall Behind on Payments at Highest Rate on Record The risk of vehicle repossession is rising for many Americans facing a budget crunch. Americans are falling behind on their auto loans at the highest rate in nearly three decades. With interest …
With no materials being delivered, the construction industry could be next to see employment fall off a cliff. The projects that were keeping blue collar workers employed are finishing up and coming to an end with no new projects starting. And then the dominoes continue on… — Modern Day Jedi (@Modern_Day_Jedi) October 15, 2023 PAUL …
CRE Dominos Fall: Starwood Defaults On $212.4 Million Atlanta Office Tower https://t.co/UsEj7FkpyP — zerohedge (@zerohedge) July 19, 2023 https://twitter.com/NorthmanTrader/status/1681383187375693824
Perth builder City Residence falls into liquidation Property owners have been left scrambling after another construction company has fallen into liquidation – but there’s still hope money will be recovered. Yet another construction company has collapsed with Perth builder City Residence Pty LTD going into liquidation. Peter Malone from CRS Insolvency Services was appointed liquidator …