Independent thinking for complex markets and current events
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 against the S&P 500. Jamie Dimon and family are planning to divest $141 million in …
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 had an outflow of $9.4 Billion in October, the highest amount in history pic.twitter.com/xbvPs24jUq — …
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. In a new Bankrate survey, 50% of U.S. adults say their overall financial situation is worse than …
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 their stocks or company shares, affecting market value as seen with $C, $GS, and $BAC. …
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 are living paycheck to paycheck, relying on credit cards to make ends meet. Excess savings, …
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 as a portion of the $SPX market capitalization in the third quarter is a worrying …
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 labor market data, the financial landscape is becoming increasingly uncertain. 🚨#DTCC DOUBLES THE MARGIN REQUIREMENTS …
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 entire building at the corner of Montgomery and… pic.twitter.com/rfcoVgJqly — Thomas Hawk (@thomashawk) November 5, …
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 breadth has gone deeply negative. 🫤 pic.twitter.com/timlZF3xV6 — Markets & Mayhem (@Mayhem4Markets) November 6, 2023 …
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 of a substantial rally in U.S. bonds last week, primarily driven by hedge funds that …
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 sell, so there's no reason to let their currency rise now unless that's the plan. …
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 estimates of privately-held net marketable borrowing for Q423 and Q124, (the October-December 2023 and January-March 2024 quarters). The amount of debt the Treasury expects to issue (https://home.treasury.gov/system/files/136/Sources_and_Uses_Oct_2023.pdf) this quarter is modestly lower, revised down from …
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 (@Barchart) October 29, 2023 Is Powell done hiking? The 10 yield says no, but …
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 lifestyle for most Americans. In other words, well over half of the country is literally …
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 a repossession. — Car Dealership Guy (@GuyDealership) October 30, 2023 Personal savings rate trends are …
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 keep piling up! https://t.co/lt7f2EruAT pic.twitter.com/ywYKv6cSAf — Invariant Perspective (@InvariantPersp1) October 30, 2023 Dallas Fed = …
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 — KanekoaTheGreat (@KanekoaTheGreat) October 29, 2023
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 state of the financial sector. The latest numbers from the Federal Reserve Economic Data (FRED) …
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 potential market crash worse than 2008. Don't miss this crucial analysis.#MarketCrash #EconomicCrisis #BankLayoffs #FinancialNews #EconomicAnalysis …
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 a major downturn for the bond market. Rats are starting to jump ship. The foundation …
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 in new home sales, rising by 12.3% in September, defying expectations of a decline, all …
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 1980s that coincided with two recessions Bank of America with another 3-year low close despite …
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 21.19%. US credit card debt is off the charts It has now crossed the $1 …
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 mounting debt levels. The data presented underscores that we have yet to witness the full …
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 we witnessed anything like this was during the last financial crisis. When things start to …
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 you're going to cause a crisis, now is the time to do it. https://t.co/hWhNv3iVMI — …
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 highs in 2020 to levels last seen during the Financial Crisis To make things worse, …
