Independent thinking for complex markets and current events
California governor faces recall. Conservative activists from the group Rescue California plan to formally serve Gavin Newsom, California’s governor, with the paperwork for his recall soon. The last recall was as legitimate as the 2020 election. The guy should have been gone! BREAKING: California Gov. Gavin Newsom is facing a new recall threat. The governor …
“Food costs hit 30 year high. Between ongoing inflation and shriveling real incomes, we’ve lost a generation of prosperity. For centuries each generation of Americans was richer than their parents — often twice as rich. This has now broken, whatever happy-talk government statisticians feed us. From food costs to life expectancies to home size and …
In this video, you will see the impact bank failures have on the housing market and the broader economy. These Bank failures shocked the US Citizen’s occurrence, often causing ripples throughout the economy. Besides the economy, the housing market, in particular, is vulnerable to the effects of bank failures. The collapse of banks like Citizens …
Ukrainian President Volodymyr Zelensky revealed on Monday the difficulties his army is facing at the frontlines due to delays in military foreign aid and diminished morale following their defeat in Avdiivka. The Ukrainian military is also grappling with severe deficits in their arsenal, specifically artillery, air defenses, and long-range weapons, that are not being balanced …
In a disheartening revelation, the United Nations Environment Program (UNEP) acknowledges a dismal performance in protecting migratory species, with nearly half of the 1,100 species covered by a U.N. treaty facing population declines. The inaugural State of the World’s Migratory Species report points to hunting, fishing, farming, and habitat loss as primary culprits, pushing 44% …
“If you’re worried about the people of Ukraine, you have to understand that probably 100,000 of their soldiers have been killed,” Johnson continued, adding “The only way this war ends is in a settlement, and every day that the war goes on, more Ukrainians and more Russian conscripts die, more civilians die, and more of …
China’s overreliance on real estate has sent its economy tumbling toward 2008-era financial conditions, Kyle Bass told CNBC on Tuesday. “This is just like the US financial crisis on steroids,” the Hayman Capital founder said. “They have three and a half times more banking leverage than we did going into the crisis. And they’ve only …
Production problems with a computing unit manufactured by tech giant Huawei have forced certain Chinese automakers to postpone the delivery of flagship models, according to five people with knowledge of the situation. According to two of the persons, Changan Auto and Chery Auto, which have collaborated with Huawei to create their high-end electric vehicle brands, …
Unfortunately, illegal apartments are a growing problem in NYC and renting one has cost some families more than anyone could imagine.
In a deja vu moment, the Federal Reserve’s swift rate cuts raise unsettling parallels with the inflationary misstep of the 1970s. Back then, premature optimism led to soaring inflation after initial rate reductions. Today, historical cues point to rising unemployment during rate-cut cycles, contradicting the Fed’s sanguine predictions. The specter of a challenging economic future …
Julian Assange revealed that Global warming was seen as an opportunity for oil drilling, according to US cables for which he is now being prosecuted, including plans to “carve up” the Arctic for oil, gold and uranium extraction #COP28📷 #FreeAssangeLink: https://t.co/z5kzmoBK5F pic.twitter.com/ZqM5JlqRa2 — WikiLeaks (@wikileaks) December 4, 2023 Julian Assange is being prosecuted for revealing …
#joblosses #economy #democratsdestroyingPa @SenMastriano @GovernorShapiro is the ONLY governor in Pa history to have hundreds of biz closures & bankruptcies & thousands of layoffsMassive Layoffs in #Pennsylvania Now Grow Through The New Yearhttps://t.co/ScCsGMYAtw — ReactiveRealityMedia (@ReactiveReal1ty) November 8, 2023 A recent report highlights a concerning trend of increasing eviction rates in Pennsylvania, with Lehigh County …
US housing situation keeps getting worse pic.twitter.com/aTjlWu6cDi — Bravos Research (@bravosresearch) November 2, 2023 https://www.salon.com/2023/11/02/maga-and-christian-nationalism-bigger-to-america-than-hamas-could-ever-be/
$100,000,000,000 in Deposits Exit US Banking System in Three Weeks As Fed Survey Says Banks Face Financial Stability Risks People and businesses are withdrawing billions of dollars in deposits from US banks as a new survey details concern on the state of the financial sector. The latest numbers from the Federal Reserve Economic Data (FRED) …
This case has nothing to do with Johnson & Johnson's ongoing operations. Instead, the company faces more liability in the talc lawsuits than it has in cash reserves. The company is pursuing a number of options to file for bankruptcy in order to settle those claims. pic.twitter.com/yRPListOvo — MacroSpeed Economics (@MacroSpeedEcon) October 23, 2023
If these problems in major economies collide, it could spell global financial disaster soon, and it feels like we need some urgent solutions, but we’re not getting them. On top of that, the recent Treasury bond auction didn’t go so well, which adds to worries about the U.S. debt piling up and how Wall Street …
Yep this is one of the many metrics falling down in the labor market pic.twitter.com/fzMC6yWFGE — RecessionALERT (@RecessionAlert) October 12, 2023 Warning: The probability of a recession in 2024 is now over 60% This level has been seen only 2 times since 1960 Both times, it ended in severe economic downturns While the Fed still …
by TonyLiberty The largest US Banks are facing their worst Bad loan write-offs in 3 years. (Bad loan write-offs are loans that banks have given up on collecting. When a bank writes off a loan, it takes the loss on its balance sheet) The increase in bad loan write-offs is a sign that credit quality …
What’s behind the Washington, DC murder spike? The capital of the United States of America is threatening to reclaim its reputation as the nation’s murder capital, as well. According to preliminary data for 2023 from Washington, DC’s Metropolitan Police Department, a total of 214 homicides had been committed in the metropolis as of September 29, …
It's hard to see a case for interest rate cuts returning anytime soon. However, we continue to believe that rates will PAUSE for longer. Inflation to 2% remains the Fed's number one objective right now. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) October 2, 2023 As I've …
https://t.co/d3Re50lF6H — DerFinanzNinja (@derfinanzninja) October 2, 2023 via FT: The World Bank has cut its forecast for China’s growth next year and warned that east Asia’s developing economies are set to expand at one of the lowest rates in five decades, as US protectionism and rising levels of debt pose an economic drag. The gloomier …
Swarming in numberspic.twitter.com/Sp9l0rLG1x — J T (@joshuatan88) September 27, 2023
https://www.youtube.com/watch?v=xmz0OxQJ1x4 We’re witnessing the worst food crisis in modern history, and new data shows it is about to go to an entirely new level. Right now, Hundreds of millions of people are desperately hungry all over the world, and an alarming number of children are facing starvation. According to the official UN website, approximately 735 …
In just the last 48 hours, the national debt has surged by a staggering $47 billion, equivalent to $1 billion in new debt accumulating every single hour. This trajectory means that the U.S. government’s debt will increase by $5.2 billion every day for the next decade, a truly concerning financial trend. Furthermore, the Federal Reserve …
by Michael It turns out that we really do need the police after all. Do you remember a few years ago when blue cities all over the nation wanted to defund the police? Needless to say, that didn’t work out too well. Wherever police budgets were slashed, crime rates shot up. Today, we are in …
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 this don’t usually go under …
by TonyLiberty Disney $DIS is facing a bunch of challenges that have caused its stock to plummet, and its market value to decline by over $200 Billion: 1) Declining Disney+ subscribers 2) Ongoing Hollywood strike 3) Fee dispute with the second-largest cable company Netflix $NFLX has seen a 50% surge in its shares this year …
Japan's 10-year yield just surged to its highest level in almost a decade. Developed economies are currently facing a chronic debt crisis, with deeply entrenched inflationary pressures propelled by escalating deglobalization, reckless fiscal spending, worsening inequality, and… pic.twitter.com/Vr1lxbjdyf — Otavio (Tavi) Costa (@TaviCosta) September 11, 2023
New Mexico Gov. Michelle Lujan Grisham (D) is facing growing backlash, including a call for her impeachment, following her September 7, 2023, executive order banning concealed carry for self-defense in cities like Albuquerque. Breitbart News reported that the governor’s order took effect September 8, 2023, and lasts 30 days, after which Lujan Grisham made clear …
