Independent thinking for complex markets and current events
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 rates and declining tenancy is putting the squeeze on commercial real estate owners. As a …
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. Most governments spend more on critical services like defense and healthcare than on interest payments on debt. …
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 it goes.. Banks losing money.. share holders not happy.. lets make cuts to make share …
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 bank lobbies packed with people, but long queues also formed outside on the streets, with …
by mark000 In August 2008 what was about to happen? A GFC and the plunge stage of the Great Recession. And 99% of people were blissfully unaware even as the other 1% could see it inevitable arrival, just waiting for when. It is the same situation right now, October 2023. 🔴 IMF'S MANAGING DIRECTOR GEORGIEVA: …
A group of New York Republicans moved Wednesday to expel George Santos from the US House, marking a potential turning point in the saga of the freshman congressman whose alleged fraud and fabrications led to criminal charges and national notoriety. Santos said he didn’t know whether he would survive an expulsion vote. “Nobody knows the …
https://t.co/QExVpGvRNS — Win Smart, CFA (@WinfieldSmart) October 6, 2023
The jobs market and the economy is clearly not what we’re being told. The Consumer Financial Protection Bureau warns that 1 in 5 student loan borrowers could struggle when payments restart this fall. This comes after a three-year pause on federal student loan payments. Many borrowers have acquired more debt, such as credit card and …
This fund manager is holding 60% cash — and expecting a stock-market crash Ruffer’s main claim to fame is to have successfully sidestepped the 2000-2003 and 2007-2009 market collapses Yikes. There’s bearish, there’s really bearish, and then there’s Ruffer & Co. I don’t want to spook everyone managing their own retirement portfolio. But the London-based …
The Bretton Woods system is not working and has to be changed, according to the Russian president The dollar-based global financial system is not balanced as it does not meet the interests of all countries, Russian President Vladimir Putin said on Thursday at the plenary session of the Valdai Discussion Club. According to Putin, the …
by Michael History is starting to repeat itself. In 2008, bond prices crashed before stock prices did. Here in 2023, bond prices are crashing again. In fact, we are currently witnessing one of the greatest financial crashes in U.S. history at this moment. Of course most Americans have absolutely no idea that this is happening. …
The public focuses on the stock market but this bond market is much more important to the economy. There are major consequences for all the banks who hold Treasury Bonds. The level of unrealized losses has probably gone through the roof and possibly hundreds of banks are technically insolvent if they had to mark their …
by Chris Black This is the end of quantitative easing and returning to more normal interest rates. Are you prepared for what’s coming? Markets are beginning to suspect that there’s not going to be an America thirty years from now. The banking cabal is intentionally creating a global economic crisis in order to kill China. …
The Bear Market never ended. The end of this bear market rally is rapidly approaching……. https://t.co/kf0JCvL7XA — Win Smart, CFA (@WinfieldSmart) October 5, 2023 G, we already there… Long-duration US TSY bonds have now lost more in % terms than stocks did during the GFC in 2008-2009 The drawdown in Vanguard Ext Duration Treasury ETF …
https://www.youtube.com/watch?v=JMmPItqPM9c Even in the best economy, the restaurant industry is all about struggle. Margins are incredibly tight and even the slightest change in one statistic can make life miserable for the finest of establishments. Restaurants have been taken down by rising food prices, lower walk-in customers, government investigations, and fast food chains in particular have …
With the median mortgage payment exceeding the cost of rent by $1,000 per month and average new car payments and used car loan interest rates reaching new highs, households are feeling the strain of increasing expenses. The milestone of $1 trillion in credit card debt, coupled with record-high interest rates of 25%, underscores the growing …
https://t.co/ljTuDAet8Z — Win Smart, CFA (@WinfieldSmart) September 28, 2023 The Fed reduced emergency OCE bank liquidity by only -$3B. I'm sure it's just a coincidence the market selloff bottomed this week as well 😉 So what caused the Fed to pause the OCE reduction? Was this the plan all along or did it change/get delayed? …
(Natural News)—There is very little time that remains before the inevitable collapse of the current financial system, aka Ponzi scheme, commences, and the world as we currently know it comes to an end. What will it look like? Intelligence expert-turned-whistleblower Jeffrey Prather shared what he thinks is going to happen with the Health Ranger in …
BREAKING: 55% of households earning less than $50,000 are living paycheck to paycheck, per Moneywise. — unusual_whales (@unusual_whales) September 22, 2023 The housing market is stuck, per BI: Americans can't afford homes, investors aren't buying property, and economists see little relief ahead. — unusual_whales (@unusual_whales) September 22, 2023
Lobbyists Grab Control at House Financial Services Hearings, Backing Jamie Dimon’s Push to Gut Higher Capital Proposals We’re very sorry to have to tell you this, but if you’re not watching Senate Banking or House Financial Services Committee hearings when the topic is about increasing bank capital or any new regulations to make the …
The financial landscape is showing signs of entering the second phase of the credit cycle, where financial institutions suddenly face the realization of credit losses. This is causing notable instability and liquidity challenges within the banking system. Simultaneously, many companies are struggling to meet their debt obligations. August was a particularly troublesome month, witnessing the …
by LakesideDreaming I just heard a YTer now facing criminal charges received like 80 grand in PPP loans? Um, how? It’s not even a real job or business. How does someone whose already probably in a very high income bracket, get a free $80 grand from Uncle Joe? Well here’s more evidence of a mass …
The current situation in the US financial landscape is a cause for concern. It has been known that the top 5 US banks are over-leveraged, which can be a recipe for disaster. Over-leveraging can make these banks vulnerable to financial downturns and economic shocks. This vulnerability is further highlighted by the fact that companies are …
You’ll see the US bond and stock markets begin to crumble and collapse this week. Has anyone looked at the Japanese 10 Year?? It’s off the charts now. The contagion will probably start in Japan. https://www.marketwatch.com/investing/Bond/TMBMKJP-10Y?countrycode=BX https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx&mod=home-page “Volmageddon” February 5, 2018 I'll explain why this particular event is important after markets close.pic.twitter.com/1d7RBpVOsB https://t.co/uGIsyqM1gI — Financelot …
Makes sense, with the acceleration in credit card defaults hitting levels higher than even the 2008 Financial Crisis pic.twitter.com/AA0i4w9S97 — Bravos Research (@bravosresearch) September 12, 2023 BREAKING: Delinquency rates among credit cards issued by smaller banks are the highest on record, per Apollo Group. — unusual_whales (@unusual_whales) September 12, 2023 The crashing office market will …
I thought you might be interested in this. @Michael_Yon has been all around for years. https://t.co/4Bfz3lSakn — DeeStonk (@DeeStonk) September 12, 2023 According to Apollo, China's real estate market is now in recession territory. The China real estate climate index just hit its lowest levels since 2008. Meanwhile, Evergrande just declared Chapter 15 bankruptcy and …
by confoundedinterest17 Bidenomics is a train wreck. But unlike E. Palestine Ohio, the site of a train derailment and massive toxic spill (for which Biden has yet to visit), Bidenomics is a continuing train wreck. The first chart is the record decline in US net cash farm income. Now in negative growth! Second, US office …
“It’s just money. It’s made up”- Margin Call circa (2011). h/t DesmondMilesDant
https://t.co/DQ8EbFoijM — Win Smart, CFA (@WinfieldSmart) September 5, 2023 It’ll spread like wildfire, just how Fortune 500s all went woke at the same exact time. INFLATION: the more Wall Street begs for the "Fed to be done" (using Labor data as their excuse), the higher Commodities and Real World Inflation goes… CRB Commodities Index inflated …
BEIJING (Reuters) – Chinese President Xi Jinping’s first major reform plans a decade ago were also his boldest, envisaging a transition to a Western-style free market economy driven by services and consumption by 2020. The 60-point agenda was meant to fix an obsolete growth model better suited to less developed countries – however, most of …