A hub for independent voices and hard truths
https://www.youtube.com/watch?v=FI5Dw6Ya8KM As we end 2024, the ominous tune of a banking collapse looms large over the once-mighty Citigroup. From its inception in the late 20th century, where it pioneered modern banking services, automatic teller machines, and credit card offerings, Citigroup has witnessed a relentless downward spiral since the housing crisis …
from Kerry Lutz’s Financial Survival Network Kerry and David Stryzewski (also found here) engaged in a comprehensive discussion about the looming economic crisis, likening it to an approaching hurricane that society is unprepared for, particularly in light of high credit card debt and dwindling savings among the American public. Stryzewski criticized the Federal Reserve’s …
What even are her policies? Hahah — AddyDaddy (@addydadde) October 15, 2024 Trump is a legend. He sits down with Bloomberg hack, tells him to his face that he is fake news, and the crowd of business people are all cheering him on in agreement. This is exactly why the …
Investors are underestimating just how behind the curve China is in stimulating its economy. Looking at the chart below, it is clear that a 5% of GDP stimulus package is the minimum needed just to prevent growth from weakening further. Investors are underestimating just how behind the curve China is …
The number of US bankruptcy filings of big companies reached 512 in 2024 through September, the 2nd largest 2010 – only 6 below 2020. Dow jones Update✍️ End game nearing. 2025 ain't gunna be pretty. Market will exhaust all avenues to gather as much of cattle possible before it heads …
via Egon von Greyerz Unsustainable deficits and galloping debt levels, combined with a crumbling military, are the perfect recipe for the end of an Empire. And it is exactly the position that the US finds itself in. But it also means a new golden era for real money, which is …
The bond market does not believe the Fed. Bonds signal inflationary and economic weakness risk is rising. via Bloomberg Stagflation… — Northstar (@NorthstarCharts) October 12, 2024 Gold beats the S&P 500 this year as investors discount more currency destruction Graph via Bloomberg pic.twitter.com/kf7nV9VhvZ — Daniel Lacalle (@dlacalle_IA) October 11, 2024
by confoundedinterest17 There have been to significant jumps in the Federal Debt. The first coming after the financial crisis of 2008 and election of Obama/Biden in 2008. The second with the outbreak of Covid in 2020 and the election of Biden/Harris in 2021. The Federal (public) debt was just over …
BEIJING (AP) — The Chinese government is looking at additional ways to boost the economy, Finance Minister Lan Fo’an said Saturday, but he stopped short of unveiling a major new stimulus plan that analysts and stock investors were hoping for. Lan’s remarks left the door open for such a plan …
People will never believe anyone telling them the economic crash is coming, until it's over. All these people sitting on million dollar properties and fake profits from the Mag 7 are about to realize they were fooled, and it is never… different this time. — Financelot (@FinanceLancelot) October 11, 2024 …
“Is the market volatility set to surge in the coming months? Over the last 30 years, US yield curves have been a leading indicator for the volatility index, $VIX, with roughly a 36-month lag. The periods of flattening and inverted yield curves have been associated with suppressed volatility. On the …
Israel is reportedly preparing to launch an attack on Iran, which will result in the sudden closure of the Strait of Hormuz. This strategic waterway, crucial for global oil shipments, will be blocked, sending oil prices skyrocketing and causing widespread economic disruption. Global markets will be reeling as nations brace …
🚨OIL PRICES CONTINUE TRENDING LOWER AS DEMAND WEAKENS🚨 WTI crude oil is trading below $70 a barrel and is down 7% this month. Since the April peak oil has fallen 28% despite the Middle East tensions. Global supply remains ample while demand drops rapidly weighing on prices. pic.twitter.com/jqRGnligCA — Global …
BREAKING 🚨: Germany Germany throws in the towel on 2024 and gives up any hope for economic expansion this year – ouch! pic.twitter.com/rwCWHz1iTL — Barchart (@Barchart) September 30, 2024 The Consumer Price Index in Germany decreased 0 percent in September of 2024 over the previous month.https://t.co/vifgXJRTvJ pic.twitter.com/pSZeAvP4Js — TRADING ECONOMICS …
https://twitter.com/FinanceLancelot/status/1840225967119163470 What bubble? 🤪 https://t.co/l0HskWxSxO pic.twitter.com/1E1pC5duus — Financelot (@FinanceLancelot) September 29, 2024 https://twitter.com/FinanceLancelot/status/1840227222990287217 The Dow Jones Transportation countdown continues as the range gets tighter.$DJT https://t.co/LWPKuMyaU2 pic.twitter.com/AYLiOl70Nm — Financelot (@FinanceLancelot) September 29, 2024 The BOJ is already at work to squeeze #Japan #stocks back up 🫶🏻🤭 The circus 🎪 show begins …
The focus of Kelly’s critique was Harris’ repeated references to her “middle-class” upbringing while discussing her economic plan for the upcoming election. During the interview with Ruhle, Harris emphasized how her mother “raised” her and her sister in a “middle-class” household. Kelly expressed frustration with the vice president’s remarks, urging …
September @KansasCityFed Manufacturing Index down to -8 vs. -5 est. & -3 prior … new orders slipped to -14 (-12 prior); workweek declined to -15 (-10 prior); production fell to -18 (+6 prior) … employment fell to -11 (-7 prior), taking out improvement in August pic.twitter.com/x0q2QUV1Y3 — Liz Ann Sonders …
OMG. Mark Cuban accidentally admits the truth, says inflation was not caused by "price gouging," but rather record spending (which Kamala was the tie-breaking vote on.) Kamala's top surrogate just blew up her entire economic message. Incredible. pic.twitter.com/HcwBLgYo6x — johnny maga (@johnnymaga) September 26, 2024
A harbinger of China’s economic decline is back. The rate of urban youth unemployment has been a commonly-cited gauge of the country’s financial stability. Last year — amid a stagnating economy and slackening labor market — it reached record highs. In June 2023, the percentage of jobless 16- to 24-year-olds …
Excuse me! I’m speaking! Lol. — TLeigh (@TLeigh9812303) September 24, 2024 JD Vance is on 🔥 “How dare you call citizens of your own country ‘bad people’ because they don’t want a flood of illegal migration in their country!” “You’re a bad person for causing this border crisis. We are …
via notayesmanseconomics: On Friday the President of the ECB Christine Lagarde gave the Michel Camdessus Central Banking Lecture at the IMF. You might reasonably wonder what after her track record? For example her disastrous record loans to Argentina when head of the IMF. Or perhaps be wondering how such a committed …
FedEx CEO says “The magnitude of the Fed rate cuts . . . signals the weakness of the current environment,” as priority shipments between businesses, a bell-weather of the economy, dropped FedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued …
ALL rate cut cycles that began with a 50 bps rate cut came during a crisis: 1. 2001, during the Dot-com bubble 2. 2007, during the Financial Crisis The Fed has sided with 25 basis point rate cuts at the start of every rate cut cycle, UNLESS the economy was …
Speaker Mike Johnson (R-La.) on Tuesday outlined his economic agenda for the first 100 days under a second Trump administration — a plan that assumes Republicans will win unified control of government in 2025. In a speech at the conservative America First Policy Institute that was followed by a discussion …
100% Banks are sitting on over $600B of unrealized losses — Vimos_crypto (@Vimos_crypto) September 17, 2024 "The global economy is past the cyclical peak as it decelerates from its above-trend momentum on a slew of weaker-than-expected economic data." – BofA Samadhiya pic.twitter.com/X9nbWAO8MV — Win Smart, CFA (@WinfieldSmart) September 17, 2024
https://twitter.com/MichaelAArouet/status/1835572094702108992 🇩🇪 Germany is no longer in the top 20 richest countries in the world* *Measured by GDP per capita in USD adjusted for purchasing power. https://t.co/oRY2YCNm1d pic.twitter.com/qAGS9qnH1N — PiQ (@PiQSuite) September 16, 2024 Is there any industry other than luxury handbags and obesity drugs where Europe is still leading …
2/ Oct 2007: Gold made a new ATH aftr 1.5 years Soon after, the unemployment rate began rising rapidly And economic growth slowed down This ended in the 2008 Financial Crisis pic.twitter.com/Wybfid9wfx — Bravos Research (@bravosresearch) September 13, 2024 4/ Today, Gold has once again made a new ATH And …
