Reddit’s financial struggles continue, losing money yearly.
https://twitter.com/WallStreetSilv/status/1739098861493223542
financial
Oh, the irony! The beacon of financial wisdom pointing fingers at ‘stupidity.’
Oh the same Morgan Stanley that, on the brink of collapse, had to borrow $107.3 Billion from the fed in 2008? Coincidentally the largest bailout of any bank? Morgan Stanley’s CEO blames 2023’s bank failures on ‘stupidity of their own management’ Morgan Stanley’s James Gorman blamed bank bosses for their problems. The Wall Street CEO …
The most immediate threat to global economic and financial stability is…China.
🚨Why Bond Yields Across The World Are COLLAPSING 🚨 🧵THREAD 🧵👇 Global interest rates are plummeting. As central banks step back, the question arises: Why are rates falling so rapidly? It's not just about potential recessions in the U.S. or elsewhere. There are bigger,… pic.twitter.com/bB0PXrsBo7 — Jeffrey P. Snider (@JeffSnider_EDU) December 19, 2023 China: Aggregate …
Global bankruptcies exceed 2008 level – Financial Times
https://www.ft.com/content/a02cb631-8ae4-4ac2-be45-edfa776ed75f The world’s corporate sector has been hit by a wave of bankruptcies occurring at a double-digit pace unseen in decades, the Financial Times reported on Monday, citing data from national statistics offices. Business insolvencies in the US saw a year-on-year surge of 30% in the 12 months through September, while in Germany, the EU’s …
Reporter Rachel Alexander: “I don’t mean to freak people out, but one of the top conservatives in the country told me today they are basically concerned we’re shortly headed for financial economic collapse, and so I’ve gotta write an article about it and what people need to do.”
Rachel Alexander @Rach_IC I don’t mean to freak people out, but one of the top conservatives in the country told me today they are basically concerned we’re shortly headed for financial economic collapse, and so I’ve gotta write an article about it and what people need to do. If it wasn’t this person saying it, …
AG Letitia James claims Judge found Trump guilty of financial fraud before trial
VIDEO Donald Trump engaged in years of incredible financial fraud to enrich himself and his family. During 11 weeks of trial, we showed the true extent of that fraud and all the ways he unjustly benefitted from it. No matter how powerful you think you are, no one is above the law. pic.twitter.com/DCeKhdZGFC — NY AG James …
Vatican’s Becciu scandal reveals corruption, betrayal; financial turmoil echoes, reshaping Church’s moral and structural foundations.
The narrative surrounding Cardinal Angelo Becciu’s scandal paints a vivid picture of corruption and betrayal within the Vatican’s sacred walls. The intense courtroom proceedings, under Giuseppe Pignatone’s watchful eye, unravel a complex web of financial crimes involving key figures. The ill-fated London building purchase becomes a symbol of financial recklessness, implicating Becciu in speculative dealings. …
The Fed hints at multiple rate cuts in 2024. Powell suggests that we might be in a recession right now. Historically, every major rate cut led to a 30% S&P 500 drawdown.
In a surprising move, the Federal Reserve is hinting at multiple rate cuts in 2024, sparking questions about the stability of the financial system. This decision has historical echoes, as every major rate cut since the 1970s has been followed by a substantial 30% drawdown in the S&P 500. For the first time in recent …
EV financial math collapses with $3 gas.
The electric vehicle math isn’t adding up, with average transaction price around $50,000 and gas price nationwide falling to $3 a gallon Despite new electric vehicle market share and sales hitting a record in the U.S. this year, EV growth is starting to slow and fall short of the auto industry’s lofty ambitions to transition away from …
Taylor Swift’s substantial financial ties to George Soros and Alex Soros suggest her role as a political weapon for the Democrat agenda.
Surprise surprise – Taylor Swift has *massive* financial ties to George Soros and Alex Soros Now do you see how she’s become a political weapon for the Democrat agenda? Props to @LauraLoomer for digging up these receipts https://t.co/o8zXwMndo1 — DC_Draino (@DC_Draino) December 6, 2023
Wall Street CEOs at today’s Banking hearing claimed that the sky was falling again with incomplete and misleading testimony.
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 …
‘China is trying to defuse a financial time bomb that could severely damage its banking system.’
China’s Colossal Hidden-Debt Problem Is Coming to a Head [WSJ] China is trying to defuse a financial time bomb that could severely damage its banking system. Cities and provinces across the country have accumulated a massive amount of hidden debt following years of unchecked borrowing and spending. The International Monetary Fund and Wall Street banks …
Pending home sales drop to a record low, even worse than during the financial crisis
No one can afford mortgages except the rich. Even upper middle class people can’t afford them now. It’s ridiculous. Pending home sales drop to a record low, even worse than during the financial crisis https://t.co/IP4AWS5sdW — Eldredge Woodworks of Cape Cod (@Josh_Eldredge_) December 1, 2023 Pending home sales, a measure of signed contracts on existing …
Dwindling repo could spell disaster for the financial system.
The Reverse Repo Facility and the Repo market are crucial overnight lending mechanisms operated by the Federal Open Market Committee. While repos involve banks selling US Treasuries to the Fed to obtain cash for short-term needs, reverse repos occur when banks buy Treasuries from the Fed, allowing them to generate returns on excess cash. The …
Are we witnessing the initial signs of a financial domino effect?
Dominos starting to fall? Yep, we've got a cartoon for that pic.twitter.com/abrYvescWa — Hedgeye (@Hedgeye) November 28, 2023 Financial contagion warning as HSBC is told to brace for ‘catastrophic’ £6.3billion hit Bob Lyddon fears losses in Hong Kong and China could “blow a hole in the bank’s equity”. HSBC is facing a “hit” of more …
Sound familiar to 2008?: “changes in the 90s enhanced asset securitization, shifting the prevalent mode of financial intermediation from a bank-centric model of taking deposits & issuing loans (holding them to maturity) to a new model where loans were packaged into securities & sold to investors.”
by Dismal-Jellyfish Source: https://libertystreeteconomics.newyorkfed.org/2023/11/the-nonbank-shadow-of-banks/ TLDRS: Fed paper: The evolution of banks and nonbanks is closely linked, particularly since the 1990s. In the 1990s, financial ‘innovation’ and regulatory changes boosted asset securitization. This shifted financial intermediation from a traditional bank-centric model (taking deposits, issuing loans, and holding them to maturity) to a new model where loans were …
China-base Zhingzhi Enterprise Group collapses, declares massive default on financial instruments
– Ripple effects will impact U.S. institutional investors, pensions, municipalities, banks and more – US banks getting hit with a liquidity crisis that will only get worse https://www.cnn.com/2023/11/23/business/zhongzhi-enterprise-group-china-insolvent-hnk-intl/index.html https://fortune.com/2023/11/24/china-real-estate-zhongzhi-enterprise-group-shadow-bank-real-estate-crisis/ https://www.bloomberg.com/news/articles/2023-11-22/china-s-troubled-shadow-bank-zhongzhi-warns-of-insolvency#xj4y7vzkg h/t TerraForms
Higher levels of financial optimism associated with lower levels of cognitive ability
via phys.org: A behavioral economist at the University of Bath in the U.K. has found evidence linking higher levels of unwarranted financial optimism with lower levels of cognitive ability. In his study, published in the journal Personality and Social Psychology Bulletin, Chris Dawson surveyed thousands of people in the U.K. about their economic outlook and compared their responses …
Financial Irregularities in NVDA’s Fiscal Reports
#JustDarioDaily 🚨 $NVDA (PONZI) “LIES” UNDER $NVDA NOSE 🚨 I know a couple of things here and there about running a company, from work and direct experience. One thing is how easy it is to "grow" your revenues when your clients aren't going to pay for the goods you deliver.… https://t.co/Tj3uTl2KAC pic.twitter.com/7mJ3f1f5nX — JustDario 🏊♂️ …
Regulators Warn of Excessive Risk in Treasury Market, Fear Disorderly Unwind Poses Threat to Financial Stability
US Treasury market debate around hedge fund collateral intensifies “NEW YORK, Nov 21 (Reuters) – As U.S. regulators ready rules that would push more trading in Treasuries to a central clearing venue, the industry’s focus is turning on a key question: how much collateral should hedge funds and others put up to trade there. At …
Who is buying big ticket items when shopping for weekly groceries is now becoming a “big ticket”.
The economy is doing great! You mouth-breathing peasants are just too stupid to notice. As economic woes deepen, recent indicators point to a stark reality. Holiday retail hiring has plummeted to its lowest point in half a decade, sounding an alarming note for the economy. Simultaneously, real median household income in the U.S. is experiencing …
A Growing Focus On Gold As A Hedge Against Economic Uncertainties And Potential Financial Collapse
UBS forecasts a 2024 gold upswing amid global uncertainties and central banks’ expected rate cuts. Advising a shift to high-quality stocks, UBS suggests moving from cash to quality bonds as rate cuts commence. Simultaneously, the Dutch Central Bank’s 612-tonne gold reserve underscores gold’s role in economic stability. This aligns with a broader European trend, potentially …
Unraveling the Financial Complexities of Medicare Advantage: Overspending Concerns, Profit Incentives, and Advocacy for Consumer Awareness
While premiums and benefits have improved for beneficiaries, the financial mechanisms behind these plans raise concerns. Medicare Advantage companies, funded by the federal government, are incentivized to manage policyholders’ risks, potentially leading to overspending and profit-driven practices. The push for Advantage plans during open enrollment is linked to commission structures favoring brokers, contributing to a …
Debt/GDP ratios rising in Europe and the US may lead to financial repression akin to Japan’s.
The rising debt/GDP ratios in both Europe and the US suggest an impending era of financial repression, similar to what Japan has experienced. Axios notes that it would require substantial measures, equivalent to $2,400 per American per year, in either spending cuts or tax increases to stabilize the national debt. Meanwhile, gold is reaching new …
Earnings Set to Plummet Amidst PPI Collapse, Companies Grapple with Profit Squeeze, and Surging Delinquencies Portend Household Financial Strain
The collapse in the Producer Price Index (PPI) signifies a critical shift, as companies find themselves unable to command exorbitant prices from customers, leading to a significant impact on their profit margins. The era of making extraordinary profits and refinancing at 0% appears to be coming to an end, exacerbated by the Federal Reserve’s decision …
Growing concerns point to potential panic before the year’s end
The clearest wave count. And the worst case for bulls. This portends panic before the end of the year. pic.twitter.com/Lvjh9hfIAN — Mac10 (@SuburbanDrone) November 14, 2023 "This time is different" pic.twitter.com/Wvm3oZO2Wb — Mac10 (@SuburbanDrone) November 14, 2023 Bulls, you gave it a good try, but you didn't make it to the end of the year …
EU led in 2008, but US surged after the financial crisis, bolstered by the tech boom.
In 2008, the European Union had a larger GDP ($16.3T) than the US ($14.8T). 15 years later, the US’s GDP is $25.4T, while Europe’s is basically unchanged at $16.6T. Both economies were on par until the GFC, but the US just rebounded stronger during the 2010s tech boom. https://t.co/C69jCMJIQQ pic.twitter.com/SBG532qnqi — Jack Raines (@Jack_Raines) November …
Alarming Decline: China and Japan Drastically Reduce U.S. Debt Holdings
Total holdings of US Treasuries by China are at the lowest level since 2009 👀 pic.twitter.com/UEv2v5SPj3 — Markets & Mayhem (@Mayhem4Markets) November 12, 2023 Japanese investors are selling US corporate debt at a record pace 👀 pic.twitter.com/YxKZqSCuJe — Markets & Mayhem (@Mayhem4Markets) November 12, 2023 Investor actions with U.S. assets are raising alarms. Recent data …