Independent thinking for complex markets and current events
Hold on tight, because the global financial landscape might be on the brink of a seismic shift! Brace yourself for a wave of emerging market sovereign defaults – yes, a wave! We’re talking about countries deciding they’re just not that into paying back their debts anymore. It’s like a financial version of ghosting, but with …
A financial advice columnist for New York Magazine admitted she was scammed out of $50,000 by a con man who claimed to be a CIA agent and ordered her to stuff a shoe box full of cash and hand it to a courier in a white Mercedes. Charlotte Cowles, who pens a financial advice column …
Capital One said it will buy Discover Financial Services DFS -0.21%decrease; red down pointing triangle for more than $35 billion, a deal that will marry two of the largest credit-card companies in the U.S. Under the terms of the all-stock deal, Discover shareholders are set to receive 1.0192 Capital One shares for each Discover share, …
https://www.oftwominds.com/blogfeb24/recession2-24.html The history of the past 40 years “proves” the Fed & Govt can effectively contain all recessions: all recessions since 1981-82 have been shallow and brief, basically a spot of bother that lasts one quarter. We’ve habituated to both the bubble economy and the speculative mania so that these are now considered normal. But …
"Financial firms announced 23,238 job cuts in January, the highest monthly total in more than five years."@lizrhoffman pic.twitter.com/nRNmMCrLmF — Daily Chartbook (@dailychartbook) February 2, 2024
In a chilling turn of events, Germany’s Deutsche Pfandbriefbank AG has sounded the alarm, declaring the current state of affairs as the “greatest real estate crisis since the financial crisis.” The contagion that started in the troubled US commercial property market is now making waves in Europe, prompting concerns about broader financial repercussions. This week, …
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 …
MSNBC goes to a black barbershop: “We’re broke with Biden… we weren’t with Trump… With Trump, we had money” Their not wrong.It's not that complicated.The media wants it complicated…but it's not. — floridanow1 (@floridanow1) February 3, 2024
Amidst the unfolding year, concerns heighten over a looming financial crisis, with a potential bank failure on the horizon. The Office of the Comptroller of the Currency (OCC) proposes rule changes, including waiving margin requirements for major banks during periods of “high volatility,” sparking questions about the stability of the financial system. The specter of …
via naturalnews: Financial collapse is coming soon, warned financial analyst and former hedge fund manager David Webb during a recent interview on the “Health Ranger Report” podcast. Webb said people are now seeing the end-stage phenomena of a collapse which has been planned in order to take everything from everyone. He explained this end-stage phenomena are …
The Yahoo Finance article sheds light on a concerning decline in consumer confidence, especially among American families earning under $100,000. While the inflation rate has ostensibly dropped to 3.4% in December 2023 from a peak of 7.2% in December 2021, the alleviation is not translating into relief for many households. The culprit? Skyrocketing interest rates. …
Company processes $2 trillion in transactions a month. And conveniently hacked to prevent short selling during market melt up. If you think you are well covered in 2024 with assets safe, think again. There are very few ways to insulate yourself from the coming fallout. Neither gold or crypto are the amswer fyi. “Your Short …
Seems desperate. “Powell & Co. plan to force banks to borrow from them – or else” “It’s an attempt to prevent any financial institution from failing, no matter how insolvent it becomes… Consolidating all bank lending into the central bank’s direct control. The Fed wants to be not just the guiding hand but the sole …
Asia Hedge Fund Founders Shut Shop for Big Pay at Global Giants (Bloomberg) — Hedge fund founders in Asia are jumping ship to global giants from Citadel to Millennium Management as the struggles of capital raising and pressure to make higher returns curb the attractiveness for some managers’ solo endeavors. Torq Capital Management Chief Investment …
Dive into the complexities of the global financial system with Mike Maloney as he explores the timeline of banking collapses, drawing parallels between the events leading up to the 2008 financial crisis and recent banking issues. The discussion delves into concerns about the stability of various sectors, including commercial and residential real estate, stock markets, …
Welcome to an insightful discussion on the stock market and precious metals. Join us as we explore the S&P 500 chart, dating back to 1925, and uncover potential trends and risks. Discover the impact of the Federal Reserve’s manipulation on the market and gain valuable insights into historical patterns. Brace yourself for an engaging analysis …
Subprime Auto-Loan Delinquencies Rise to 2019 Levels: a Dive into Subprime Lending and Securitizations pic.twitter.com/A5gyIrxj3e — QUACK (@RichQuack) January 14, 2024 Credit Card Debt Climbs: 56 Million Americans in Prolonged Debt Amid Economic Pressures The credit card debt situation in the U.S. is becoming increasingly concerning, with a record $1.08 trillion in balances as reported …
by mark000 To believe in a global soft landing requires a mind to have “recency bias”, “confirmation bias”, “optimism bias” and “normalcy bias” knobs cranked up to 11. The backdrop right now is war: bad and getting worse, global financial system (banks and plumbing) with problems poised to burst, and a global economy on the …
Some pretty startling numbers regarding planned layoffs in 2024 according to a recent survey Buckle up. https://t.co/Q5Q0w0rmfA — QE Infinity (@StealthQE4) January 10, 2024 Massive Layoffs Are Coming in 2024 Mass layoffs are in store for 2024, and it might end up affecting nearly half of companies, according to a new poll. That’s the latest …
via DAVID JENSEN: On Wednesday January 3, 2024 the Bank of Canada (BoC) restarted its Overnight Repurchase (Repo) operation with an initial injection of $4.85 Billion CAD into the financial system – one or more bank or eligible financial institution lacked sufficient overnight liquidity and was unwilling or unable to sell assets to raise such …
Financial Times: US office owners face $117bn wall of debt repayments Pain likely to be widely spread as landlords struggle to refinance at current interest rates https://www.ft.com/content/4ed9e5b0-f3de-422a-9a07-a328ebf2340c Billions of dollars of debt will fall due this year on hundreds of big US office buildings that their owners are likely to struggle to refinance at current …
Despite being the highest-earning generation, millennials grapple with a stark reality – their wealth lags significantly behind. The rising cost of living, outpacing wage growth, is a key culprit, creating financial strains on this demographic. Notably, prices have surged, with ground beef averaging $5.23, up from $3.89 in January 2020. Fresh fruits and vegetables witness …
The financial landscape is fraught with warning signs as retail investors remain fully invested in stocks, and cautionary voices like market prophet Gary Shilling raise alarms about the precarious nature of the current market conditions. Recent data from the monthly AAII asset allocation report for December reveals that investors are heavily committed to stocks, with …
He cited doubts about the integrity of commercial real estate loans in major countries and a mid-sized local developer that was forced to restructure its heavy debt load as some of the warning signs for the economy. …………….. “We need to pay particular attention to make sure credit risks do not grow around what is …
By Martin Armstrong I have warned that Zelensky will go down in history as the evil ruler he truly is. And for those who constantly want to pretend this is Russian propaganda, tell that to the 500,000 Ukrainian soldiers who are dead and all the broken homes Zelensky has left behind, along with the 8 …
Gold has officially achieved its highest closing price in history, marking a significant yet largely unnoticed macro move. The record-breaking ascent of gold prices, now firmly above $2,060, is attributed to a weak US Dollar, lower Treasury yields, Fed easing expectations, and geopolitical tensions in the Middle East. The surge in gold prices reflects broader …
by confoundedinterest17 Are US financial conditions loose as a goose? Despite resilience in US data, 30Y Yields have plunged back below the 4.00% Maginot Line this morning… Source: Bloomberg The last few weeks have seen US macro data reverse its recent trend of disappointment… Source: Bloomberg The long-end of the curve is outperforming… Source: Bloomberg But, …
As the United States strives to regain a sense of normalcy after the pandemic, a growing financial concern is looming over the nation. According to Bloomberg, the cost of living has surged in various aspects, with groceries marking a 25% increase, used cars seeing a staggering 35% climb, and rents escalating by approximately 20%. While …
