Independent thinking for complex markets and current events
âWe are $1 million in debt.â This woman and her husband have a total of just under $1,000,000 in debt, hereâs the breakdown. – Mortgage $210,000 – Student Loans $335,000 – Credit Cards $136,000 – Personal Loans $44,000 – Car Loans $35,000 She is only 29 years old, and her husband is 32 years old. …
Iranâs oil exports have not collapsed and are fetching much higher prices than before the war, handing Tehran handsome extra revenues from its crude, which is the only one unimpeded from transiting the Strait of Hormuz. Unlike all other Gulf producers, Iran is passing its oil through the Strait of Hormuz and its export volumes …
Zohran lectures ppl about affordability while living in rent-stabilized housing even tho he's an assemblyman ($142K a year) subsidized by his wealthy parents. "$92 wagyu steak please." pic.twitter.com/OSOWssd5ho — Anthony Galli (@AnthonyGalli) November 4, 2025 Mamdani resides in a rent-stabilized one-bedroom unit costing $2,300/month, located in a gentrifying part of Astoria. His salary as an …
I don’t believe for a second that Elon would be publicly challenging Trump on spending, damaging his own companies and turning the MAGA base against himself all because of EV credits. It’s obvious he understands math and strongly believes that the spending levels will destroy us I respect it a ton. A willingness to self-sacrifice …
PALANTIR Q1 2025 EARNINGS: – $883M revenue, +39% YoY – $628M US revenues, +55% YoY – $373M US Gov revenues, +45% YoY – $2.32B RDV, +127% YoY – 769 customers, +39% YoY – $5.4B in cash, no debt – 139 deals closed of at least $1M Except nobody with a brain would buy right now …
JUST IN đ¨: Greed returns to the Stock Market for the first time this year – YESSSSSSSSS!!! đĽłđžđ¤đŤ pic.twitter.com/MWUTW1fPH0 — Barchart (@Barchart) May 5, 2025 Reddit goes all in on $PLTR holding $2,700,000 worth through earning Says todayâs earning will be a nuclear event pic.twitter.com/6EXtFSCvIs — John Trades MBA (@JPATrades) May 5, 2025 And people …
This is an absolutely major theme in the coming years. A massive wage arbitrage has opened between the US and its competitors. The overwhelming majority of people in the US have no idea just how much more money they make than the Japanese, French, British, etc. pic.twitter.com/NdiLFQWwzx — Jeff Weniger (@JeffWeniger) March 24, 2025
In an unprecedented move, the Trump administration is pushing for tax reform that would eliminate federal income taxes for individuals earning less than $150,000 per year. This proposal is a lifeline for the middle class, aiming to lift the financial burden and spur economic activity. BREAKING: Trump administration pushing to eliminate taxes for individuals earning …
1/ Mortgage Meltdown Incoming? The share of đ¨đŚ mortgages in arrears (90+ days overdue) has jumped 50% since hitting historic lows. The latest rate of 0.21% might seem small, but hereâs why itâs a ticking time bomb for the housing market. pic.twitter.com/ZPhxPWHTQF — Shazi (@ShaziGoalie) January 4, 2025 3/ For context, the number of mortgages …
by Martin Armstrong Inflation data is skewed and does not factor in the reality that the costs of basic necessities like food and housing have not waned significantly since COVID began. Shelter costs, in particular, have become unaffordable for the majority. Redfin recently reported that 74% of Americans earning under $50,000 are seriously struggling to maintain consistent …
Congrats guys, $PLTR now trades at 420x trailing ebitda Typical company might trade 10x 20x, so 420 is massively Insane.. It’s like buying a classic Ferrari for a price that could get you an entire luxury estate. Palantir is betting on Future, with that high multiple, they have to deliver big times results, if that …
The IRS has delayed the implementation of the new $600 tax reporting threshold for Form 1099-K until January 2025. This means that eBay will not be required to report sales of $600 or more to the IRS until January 2025. However, eBay will still be required to report sales of $20,000 or more and 200 or more …
by Parking-Ice-9206 So I spent the past few days making a chart of every single US Airline Co-branded credit card and I have realized just how much they suck at earning points. It seems in virtually every category there is a transferable currency card that can earn the same if not more than what the …
JUST IN: More than 33% of US consumers are now worried about making ends meet over the next 6 months. This includes 30% of Americans earning $150,000 or more annually, according to the Fed survey of 5,000 respondents. Over the last 12 months, 43% of all surveyed consumers and⌠pic.twitter.com/fRqJlcbOUv — The Kobeissi Letter (@KobeissiLetter) …
Authored by Charles Hugh-Smith via oftwominds, Can a couple of hardworking people live well in America on $30,000 a year in earnings? Yes, if they’re willing to do what’s needed to make it happen. Is It possible to live well on $30,000 a year in America? Let’s start with the raw numbers. I am starting with …
According to recent surveys, approximately 36% of Americans earning at least $250,000 a year claim that they are living paycheck to paycheck. This finding highlights how rising inflation is impacting households across the spectrum throughout the country. However, itâs essential to consider the nuances: some high earners may allocate disposable income toward retirement savings or college funds, …
Salaried employees who work long hours for low pay arenât finding much sympathy among Republicans on Capitol Hill. GOP lawmakers filed a resolution in Congress on Wednesday that would block the Labor Department from extending overtime protections to millions of salaried workers, a key workplace reform pursued by President Joe Biden. Under federal law, only …
December 2023: SOFTBANK IS THE BLACK SWAN https://t.co/vbF8lfTLt8 pic.twitter.com/7wUx9nlQKs — JustDario đââď¸ (@DarioCpx) December 4, 2023 Now: BREAKING: #softbank results have been POSTPONED to next week đ Either they needed more time to cook the numbers or their troubles are spiralling now đŹ Narrator: notice the â(plan)â in the expected timing now https://t.co/axry402XnY pic.twitter.com/4RpcNOEEhq — …
Amidst a surge in IRS audits targeting taxpayers with incomes under $200,000, the middle-class finds itself increasingly in the agency’s crosshairs. With audit rates soaring and reforms faltering, understanding the audit process has never been more crucial for taxpayers. Key Points: Despite President Biden’s mandate to audit more ultra-wealthy individuals, recent data reveals that the …
Wall Street Journal Editorial, IRSâs Most Wanted: The $200,000 Man: The Internal Revenue Service got an audit of its own in time for Tax Day, and two irregularities jump out. President Bidenâs plan to hire a new army of tax collectors is falling flat, and the agents already at work are targeting the middle class. Those …
IRS Commissioner Danny Werfel faced a grilling by lawmakers on Capitol Hill this past week, where he hinted that there’s a chance that the agency willâcontrary to its repeated pledgesâincrease tax audits of Americans earning under $400,000. The question of whether the IRS will use some of the $80 billion or so funding boost to increase tax …
via moneywise: Itâs not just low-income Americans drowning under inflation and interest rates â some higher-income folks are feeling the strain on their wallets as well. Data from a June survey conducted by personal finance software company Quicken revealed that 32% of Americans earning at least $150,000 a year are currently living paycheck to paycheck, …
Democrat Chicago mayor wants to push ‘mansion tax’ on homes that sell for more than $1 million – and his team want to tax households earning $100KÂ or more in report named ‘First We Get the Money’ Newly appointed Chicago mayor Brandon Johnson is looking to implement a tax on the sales of homes worth more …
People make less money, and prices are rising everywhere. Housing prices are going crazy. đ˘ Are we in a quiet recession already? So many people earn less and everything costs more. Inflation has eroded earnings dramatically in real terms. Meanwhile, food, housing an all of the basics in life are sky high. pic.twitter.com/sfDnI6nJOy — Wall …
Hunter Biden admitted in federal court that a Chinese Communist Party-backed company gave him $664,000, contradicting his father’s claims that his son “has not made money” in China, according to the official court transcript. Hunter Biden received $664,000 from the Chinese energy company CEFC, the transcript, obtained by Politico, from Wednesday’s hearing shows. Additionally, he admitted …
Options traders are loading up on contracts that will jump in value should equities see a big drop NEW YORK, July 12 (Reuters) – Options traders are taking advantage of muted U.S. stock market gyrations to load up on contracts that would jump in value should equities see a big drop, boosting the number of …
49% of those earnings more than six figures have reported living paycheck to paycheck, a jump from last yearâs 42%, per CNBC. — unusual_whales (@unusual_whales) June 1, 2023