A hub for independent voices and hard truths
The financial outlook in the United States is deeply concerning. The bottom 20% of workers are allocating a staggering 80% of their income to essential goods like food, highlighting the stark inequality. Even those earning $150,000 or more a year …
The current financial landscape reveals concerning trends for the business world. With less than half of S&P 500 companies surpassing revenue estimates, the performance is at its weakest point in the last four years. Moreover, the declining percentage of buybacks …
The DTCC’s decision to double margin requirements for mortgage-backed securities, alongside the recent MBS VaR stress testing increase, reveals growing concerns. As the 10-year Treasury yield experienced a sharp drop over the past two weeks, accelerated by weakening manufacturing and …
Charles Schwab is announcing that in addition to layoffs they are now shutting down their largest office in San Francisco at 100 Post Street. When I moved to San Francisco in the 1990s Schwab was a powerhouse. They occupied the …
S&P 500 earnings revision breadth going deeply negative means that a substantial number of companies in the S&P 500 index are revising their earnings forecasts downward, signaling potential challenges and contributing to market concerns. Uh oh. S&P 500 earnings revision …
Financial markets are sounding the alarm bells as the M2 money supply experiences unprecedented levels of contraction. Notably, this is the first time in U.S. history that Treasuries have recorded three consecutive years of losses. The concern deepens with reports …
Interesting bit of info, the Asian Financial Crisis began in July 1997 but only became a major economic crisis when things worsened in November. https://t.co/L8TZwJ1fgM — Financelot (@FinanceLancelot) October 31, 2023 Exactly. They have billions of US Treasuries they can …
by Chris Black In its latest quarterly Treasury Marketable Borrowing Estimates report (https://home.treasury.gov/news/press-releases/jy1851), released yesterday, the Treasury announced its current es… Continue reading by subscribing. Username Password Remember Me Forgot Password
The chart of the month. pic.twitter.com/CqoTsgzPKl — Mac10 (@SuburbanDrone) October 31, 2023 Bank Stocks have fallen to their lowest prices in more than 3 years, even surpassing the lows of the Silicon Valley Bank collapse in March pic.twitter.com/OfHUBm6c92 — Barchart …
by Michael Despite the fact that our politicians in Washington have been borrowing and spending trillions of dollars that we do not have in a desperate attempt to prop up the economy, living paycheck to paycheck has become a permanent …
The surge in online searches for “give car back” reaching an all-time high, and the concurrent trend of “can’t pay credit card,” signals financial distress among individuals. For everyone DMing me: No, you can’t “give back” a car 🙃 That’s …
The direction of asset prices, such as stocks or commodities, tends to be influenced by prevailing sentiment or emotions among investors. #recession … #GFC2 US edition Still calling it a "vibecession"? 🤔Price follows #sentiment 📉 and the similarities to 2008 …
Allegations of financial transactions benefiting President Joe Biden are gaining attention, with claims of payments made on his behalf and shared Wells Fargo account usage. The need for a Congressional investigation to subpoena bank records is becoming increasingly pressing. https://t.co/ftwgN165Rmhttps://t.co/SrZAUnyjdM …
If this continues, it won’t end well pic.twitter.com/Fw6sOnKGkN — Bravos Research (@bravosresearch) October 29, 2023 🇺🇸 US non-revolving consumer credit -9.8% monthly change. In #recession territory! Chart: @JeffWeniger pic.twitter.com/4cMMHIBZEQ — Alex Joosten (@joosteninvestor) October 29, 2023
$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 …
This is WORSE than the 2008 Financial Crisis Credit card defaults are rising at levels NEVER seen in 3 decades pic.twitter.com/ckQqHGWKKg — Bravos Research (@bravosresearch) October 28, 2023 https://twitter.com/online_shogun/status/1718180719027974636 📉 Big banks' massive layoffs are sounding the alarm for a …
Markets are indicating a prolonged period of higher interest rates. Economist El-Erian warns Treasury bonds are losing their safe-haven status. Despite escalating tensions and a surge in bond issuance, yields are rising, and investors are turning to volatile assets, signaling …
Homebuyer traffic has experienced a significant decline, nearly 40% since the beginning of 2023, reaching levels not seen since the 2020 lockdowns, the 2008 financial crisis, and the 1980s housing crash. What makes the situation intriguing is the recent surge …
The International Monetary Fund (IMF) issues a warning, with Managing Director Kristalina Georgieva urging the world to prepare for higher interest rates due to persistent high inflation. The current scenario of surging U.S. bond yields, mirroring periods from the early …
The surge in US credit card debt, surpassing the significant $1 trillion threshold, is a cause for concern. This comes as the Federal Reserve has taken aggressive steps to raise interest rates, leading to credit card rates reaching an alarming …
Subprime is a fancy word for sh*t credit score. h/t Mayhem4Markets
HSBC’s CEO and other prominent leaders in the financial world are issuing dire warnings about the world teetering on the brink of a debt crisis, driven by years of extensive government borrowing. They emphasize the urgent need to address the …
by Michael It is happening again. All over America, borrowers are getting behind on their payments. In particular, subprime borrowers are having a very difficult time paying the bills. Does that ring a bell? That should, because the last time …
Great chart, Stephane!!! Liquidity squeeze in most important financial asset – US Treasuries – worsens. A major market accident becomes more and more likely – watch the Repo market!!! https://t.co/sC7am5uzdZ — 🏳️🌈 Patrick Krizan 🇺🇦 (@PatrickKrizan) October 23, 2023 If …
With burgeoning credit card debt, soaring interest payments, and rates not seen since the Financial Crisis, a breaking point looms closer. The consumer is on thin ice as US personal savings rate has collapsed This indicator has dropped from record …
via schiffgold: Problems in the commercial real estate (CRE) sector continue to bubble under the surface. This is a major stress point for US banks and could precipitate the next phase of the financial crisis. A combination of high interest …
From Peter Reagan at Birch Gold Group Summary The Treasury has borrowed so much to cover its multi-trillion-dollar deficits that debt service payments are becoming the federal government’s largest expense. Higher interest rates and high inflation can only decline when the government’s deficit spending ends. …
by CrazyMama73 That equates to 80% of my department just got their walking papers. This has been an extremely sad day for me. People given a weeks notice, some having to be walked off the premises today. You know how …
Since October 8th, a bank run has erupted at the Bank of Cangzhou in Hebei Province. Numerous online videos show long lines of people waiting to withdraw money at various branches of the Bank of Cangzhou. Not only were the …
