A hub for independent voices and hard truths
“Once again, media’s setting up the “Perfect Storm” narrative to cover for the Fed’s recession. The Journal lists out a “convergence of hazards” that could tip us over: union strikes, government shutdown, student loans, soaring gas prices. Only one they forgot is aliens. They do this every time: Biden’s inflation …
Analysts are repeating the same mistake made during the 2008 Financial Crisis by revising earnings upwards despite a contraction in leading economic indicators, raising major warning signals. The US is experiencing deficit spending near 10% of GDP, reaching levels last seen in 2008, yet the Fed maintains that there is …
BREAKING: 55% of households earning less than $50,000 are living paycheck to paycheck, per Moneywise. — unusual_whales (@unusual_whales) September 22, 2023 The housing market is stuck, per BI: Americans can't afford homes, investors aren't buying property, and economists see little relief ahead. — unusual_whales (@unusual_whales) September 22, 2023
by confoundedinterest17 Is The Fed pushin’ too hard on rates to fight inflation? Or not hard enough?? Between the data and the overnight momentum in overseas markets, bonds are at their weakest levels in years. Mortgage-backed securities (the bonds that dictate mortgage rates) didn’t swoon quite as much as Treasuries, but as …
Breaking News: 10-Year Treasury Yields Approach 2007 Highs The current economic landscape presents a growing crisis, affecting everything from car purchases to mortgages and credit card expenses, and there are no signs of relief on the horizon. As costs continue to soar, the strain on the economy is palpable, and …
Canadian Inflation Climbs to 4.0% in August, Driven by Soaring Gasoline Prices – Bank of Canada Pauses Rate Hikes Amid Economic Contraction In August, Canada experienced a notable inflation rate surge, reaching 4.0%, primarily attributed to the steep rise in gasoline prices. This rapid increase in consumer prices has raised …
by betsharks0 Maybe Joe will forgive all auto loans.
The warning signs are becoming more pronounced, and it appears that a recession may be looming closer than expected. Tightening liquidity is often a precursor to economic downturns. This is evident in the increasing number of companies closing their doors and factories declaring bankruptcy. These are clear indicators of economic …
The current economic landscape raises concerns about the potential for significant wealth destruction when Housing Bubble 2.0, fueled by the Federal Reserve’s policies, eventually implodes. Housing Bubble 2.0: Recent data indicates that the implosion of Housing Bubble 2.0 is gaining momentum, with U.S. housing starts falling by a substantial 11.3%. …
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 are struggling to meet their debt obligations. August was a …
Record-High Household Debt: The fact that household debt in the U.S. has reached $17.1 trillion is alarming. High levels of household debt can strain individuals and families, making it difficult for them to manage their finances and save for the future. Mortgage Debt: The record $12.0 trillion in mortgage debt …
via the-sun: The credit crunch is here. The middle class consumers are all tapped out. We will start seeing all sorts of small, medium and large businesses dying suddenly – No notice, shutting down all operations. Get ready for the economic collapse. It’s not just America, China is on thin …
Just in: Average monthly payment for new vehicles financed hit an all-time high of $738 in August. (via Edmunds) — Car Dealership Guy (@GuyDealership) September 11, 2023 This kind of business failure happens when things are collapsing. They may have had bank lines pulled. Who knows but larger businesses like …
Manufacturing has been in contraction for nearly a year and declining for two. Institute for Supply Management's Aug manufacturing PMI confirms sector is contracting and still signaling broader recession; new orders still falling; only 1 out of 9 manufacturing industries adding jobs; price pressures down as increasing number of firms …
Amid China’s recession, local governments across the country have been amassing significant debt. Since last year, there have been ongoing reports of salary cuts for civil servants in various regions. Now, local government debt has gotten out of control, with many even defaulting on their obligations. Starting from August 18, …
by bitkogan Bloomberg has reported, citing a study by Propel Inc., that a growing number of low-income Americans are struggling to make ends meet—falling behind on rent and having difficulty affording food. This is happening even as inflation appears to be slowing down. These developments could indicate that the strategy of …
New York CNN — Dollar General slashed its sales and profit outlook for the year on Thursday, blaming headwinds including weaker consumer spending on non-essential purchases and increasing theft. Dollar General shares tumbled nearly 17% in pre-market trading Thursday. The discount store’s challenges are yet another sign of American consumers …
"I recently applied for food stamps because I get paid monthly, and sometimes I don't even make it paycheck to paycheck."🔊 Americans are struggling but the problem keeps being ignored.🚨🚨🚨 We are gradually losing the middle class and could descend into a country with the… pic.twitter.com/HqcYMTRKHN — Wall Street Mav …
https://www.youtube.com/watch?v=XBgea3Mj4MU China’s economic structure is getting increasingly unsustainable. Several indicators show that the world’s second-largest economy is standing on very shaky ground right now. A major meltdown is already in motion after the collapse of the country’s second-largest property developer Evergrande, whose shares collapsed by 80% on Monday. But Evergrande’s …
THE DARK NIGHT OF FASCISM IS ALWAYS DESCENDING IN THE REPUBLICAN PARTY AND YET LANDS ONLY ON THE LEFT: The government’s attack on Elon Musk is the latest regime experiment in repression. At nearly the same moment that the president was touting his administration’s supposed success in creating jobs for Americans, …
Many business owners in China are facing financial difficulties due to a loss of foreign orders. As revealed by a SME owner, this year saw a downturn in China’s manufacturing sector, with a sudden absence of foreign clients. Domestic sales, which previously served as a fallback in the absence of …
European business activity contracted once again during August, to its lowest level since November 2020. The euro zone’s flash composite purchasing managers’ index, released Wednesday, fell to 47.0 for August from 48.6 in July. This missed economists’ expectations for a figure of 48.8, according to Dow Jones. A reading above …
Contin Jobless Claims in the US rose to 1,716mil in the week ending August 5, 2023, up from 1,684mil in the previous week. pic.twitter.com/hHx7po1nYG — Don Johnson (@DonMiami3) August 17, 2023 BTIG warns S&P 500 may drop to 4200 over coming weeks By Investing.com Michael Burry: Investor who accurately predicted …
The United States is at the beginning of a slowdown as the economy continues to face significant upside inflation risks and tighter credit conditions, according to new minutes from the July Federal Open Market Committee (FOMC) policy meeting. (Article cross-posted from our premium news partners at The Epoch Times) Although …
