A hub for independent voices and hard truths
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
– 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
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 …
#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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 & …
The financial health of the American system is notably troubling across multiple fronts. Delinquency rates on commercial real estate loans have reached their highest levels in a decade. Bank stocks in the U.S. are faltering, hitting all-time lows when benchmarked …
Investors pulled out a record amount from Corporate Bond ETFs in October, while US bankruptcies and housing defaults surged. Bank of America forecasts a record year for cash funds, suggesting widespread concern and a cautious market approach. Corporate Bond ETFs …
WASHINGTON (TND) — Many Americans are having trouble making ends meet due to economic conditions, including interest rates. Over the past several months, we’ve heard from many people nationwide about their financial concerns – whether related to business or weekly expenses. …
When banks and companies extend $1 trillion in credit card debt and struggle to collect, it has far-reaching consequences. It leads to substantial financial losses, impacting profitability and lending capacity. Shareholders and investors witness a decline in the value of …
