Independent thinking for complex markets and current events
via bettermarkets: Dennis M. Kelleher, Co-founder, President, and CEO of Better Markets issued the following statement in response to the testimony of Wall Street’s CEOs today before the Senate Banking Committee. “Wall Street’s CEOs testified before the Senate Banking Committee today as if they were the chief employment and economic growth officers for the United States …
As economic indicators paint a foreboding picture, the descent of oil prices in gold terms serves as a stark warning, signaling the potential for a hard landing. The alarming reality is further underscored by a concerning 30% rise in business bankruptcies in the United States during the twelve-month period ending September 30, 2023, according to …
Source: https://www.newyorkfed.org/microeconomics/sce/credit-access#/financial-fragility1 Wut Mean?: Overall Decline in Consumer Credit Demand (2023): General weakening in most credit application rates. Credit card limit increase applications rose. Rejection Rates Trends: Overall rise in rejection rates for credit applications. Decline in rejection rates for credit card limit extensions and new mortgage applications. Higher creditworthiness among those applying for new …
via MishTalk: The only time rent went negative year-over-year was in the Great Recession, even then, just barely. Yet, every month we see reports of falling rent and expectations that it soon will. Housing units completed from the Census Department, Rent from the BLS, chart by Mish I created the above chart today because people …
The American middle class is dying right before our eyes. In the past decade alone, middle-income earners lost more purchasing power than they did between 1970 and 1990. That’s all thanks to the rising cost of living in the United States, which pushed median home prices from $17,000 in the 70s to almost $450,000 today. …
As the U.S. Treasury continues to issue trillions of dollars in new debt with relatively short maturities, there is a growing sense of unease. The strategy relies on the hope that interest rates will come down when this debt is ready to be rolled over, but if rates go up instead, it could lead to …
! — Elon Musk (@elonmusk) October 20, 2023 What’s Going On With the Banks? Morgan Stanley Crashing The Most In 3 Years! Financial stocks are facing a significant downturn today. Notably, Morgan Stanley’s stock has taken a nosedive, experiencing its steepest drop since the covid collapse and hitting a three-year low. While the larger financial …
On Friday, a United Autoworkers Union official said in a memo that Ford was considering canceling a shift, citing slowing demand and indicated that the company was looking to build more gasoline-powered trucks instead. ‘It doesn’t take a rocket scientist to figure out that our sales for the Lightning have tanked,’ the memo said, according …
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 DesmondMilesDant Source : U.S. banks need TARP 2.0: A trapped asset relief program | American Banker NAHB (National Association of Homebuilders), MBA, and NAR (National Association of Realtors) demands Jerome Powell to stop raising rates (freerepublic.com) P.s. They could also be trading like liberty bonds and getting bid in this geopolitical risk.
Donald J. Trump Ron DeSanctimonious has the Poll numbers of a wounded bird falling from the sky. I am up on him by 57 points, and going higher. He has proven to be a terrible and inept candidate who even fought Social Security and MediCare. He will SOON be out of money and dropping out …
Amazon faces allegations of using a secret algorithm to raise prices significantly for U.S. consumers, with reports of sharp price hikes both online and in physical stores, impacting products from groceries to streaming services, potentially leading to regulatory action and stock declines amid a tough year for the e-commerce giant. Are you ready for some …
“JUST IN: Nearly 700 US banks now exceed the 2006 Commercial Real Estate (CRE) loan concentration guidance. What is the CRE loan concentration guidance? It’s guidance by the FDIC for the amount of exposure that small banks should have to CRE loans. Currently, small banks hold over 70% of CRE loans which is $2 trillion …
by betsharks0 Think the great downward spiral of China has started. It is going to be very difficult for them to get out of it. They were so stupid to piss off so many of their neighbors and biting the hand that fed them. We are not even really very far into the demographics nightmare …
No. Prices are not falling. Inflation continued to rise in June. Itbhas risen every month of 2023. Only three items fell in June. When someone tells you lower Inflation means lower prices, a kitten dies. Save the kittens. pic.twitter.com/qxiMzMnCp5 — Daniel Lacalle (@dlacalle_IA) August 10, 2023
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
High interest rates continue to cause rapid inflows to money market funds from bank deposits This should put pressure on banks causing them to maintain tight lending standards pic.twitter.com/wzZaFSQKjW — Bravos Research (@bravosresearch) July 19, 2023 Beware: Falling inflation is a major headwind to earnings, since the latter is calculated on a nominal basis pic.twitter.com/6pfHKixGLd …
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 …
Ht @BankerWeimar Source without paywall:https://t.co/Xtub1bGrhD — Wall Street Mav (@WallStreetMav) July 12, 2023
The EU's Mass Censorship Regime Is Almost Fully Operational. Will It Go Global? https://t.co/MrD74epkNR — zerohedge (@zerohedge) July 8, 2023 CNN encourages viewers not to see anti-pedophile movie Sound of Freedom. pic.twitter.com/wBTkLhWkbW — The Post Millennial (@TPostMillennial) July 8, 2023 U.S. Government Files Emergency Stay Request to Keep Censoring Americans on Social Media The U.S. …
Margins are falling across more sectors. Are companies getting less greedy? Or are they more attuned to less intense demand for their goods/services, better supply, and the potential to lose market share? From @greg_ip on 'greedflation'https://t.co/w5UjBVQhR3 pic.twitter.com/7E4rJhW6yH — Nick Timiraos (@NickTimiraos) July 6, 2023 But despite all that, things are looking bright! Banks are removing …
Inflation isn't really falling like headlines say. Core +5.3%, food +6.7%. The only reason headline was 4% is gas/fuel oil at -11.7%. @BobEUnlimited has an excellent series of tweets that talk about wages +5.7% w/ -0.7% productivity and structural inflation. pic.twitter.com/GlMTzeDjWs — Dan Davis (@DanDavi47038421) July 5, 2023 AAA – Fed funds curve has inverted …
Joe Biden is literally falling apart. The man is breaking. This is elder abuse. pic.twitter.com/zyxT5YDQNZ — Benny Johnson (@bennyjohnson) June 30, 2023
by EasyNewzApp The monsoon is falling behind, sugar will be the first commodity to take notice. Keep an eye on this developing story, it could prove material for wheat, rice, ethanol, and vegetable oils prices later this year. The India Meteorological Department provides the below link tracking the arrival of the seasonal monsoon. Many crops …
