A hub for independent voices and hard truths
"This expansion raises not just economic and geopolitical issues but also institutional ones, including implications for a G20 that has been struggling in recent years," said Mohamed El-Erian, chief economic adviser, Allianz. Winds are shifting. https://t.co/aHNhPt3YW4 — Joetorch (@Joetorch1) August …
CREDIT 💳 CARDDELINQUENCY pic.twitter.com/RdciYYICEt — Win Smart, CFA (@WinfieldSmart) August 28, 2023 And WSJ reported millions of home owners are bailing on insurance! The broke US homeowner: *struggling with HOA fees*struggling with higher property taxes*struggling with higher insurance Unless you’re …
“We require a fundamental reform of the global financial institutions so that they can be more agile and responsive to the challenges facing developing economies…” -President of South Africa Fundamental reform are strong words. pic.twitter.com/n6DhHBxkRA — Gold Telegraph ⚡ (@GoldTelegraph_) …
China’s Housing Slump Far Worse Than Reported; Half Of State-Owned Builders Warn Of “Widespread” Losses Earlier today, Goldman’s head of hedge fund sales Tony Pasquariello observed that “to this point in the sequence, I’d argue the slowdown in China had been a …
by bitkogan Today, major indices in both Hong Kong and mainland China plummeted to their 2023 lows, leaving many in China bewildered. Just a fortnight ago, state-run media outlets heralded a revival in the capital market and a surge in …
by Ok_Significance_4008 I asked Bard and that’s what it said: A rising 10-year Treasury yield can have a number of implications for stocks. First, it can make it more expensive for companies to borrow money, which can weigh on their …
We cannot live with a decade of more of the same. Britain is extremely vulnerable to any mishap – a crack in the housing market, a crisis in the financial markets, another energy crisis. https://www.theguardian.com/commentisfree/2023/aug/13/uk-stop-kidding-ourselves-rich-nation-gone-bust
Explainer-How much worse can China’s economic slowdown get? HONG KONG (Reuters) – China’s economic activity data for July, including retail sales, industrial output and investment failed to match expectations, fuelling concern over a deeper, longer-lasting slowdown in growth. THE DEMISE …
https://www.youtube.com/watch?v=POUseK_QYvw The retirement crisis can push half of all Americans to the brink of financial ruin, according to a new survey. In today’s video, we will present this and some of the most important statistics and insights that everyone should …
Last week, an unknown number of Wells Fargo customers were suddenly unable to access deposits in their bank accounts. Even as it sought to address the issue, which customers first began noticing on Aug. 3, Wells Fargo acknowledged a “limited” …
https://twitter.com/theyhatemetoo/status/1690114764704481281 Homebuyers spend 40% of income on mortgage, exceeding 2008 high. Homeowners are now spending a record 40% of their gross income on their mortgage. This is ABOVE the 2008 high of 39% and up sharply over the last 2 …
Energy stocks are only 5% away from recent highs. If historical correlations matter, it is hard to believe oil won't follow the same path. That alone would imply a 48% return from its current levels. As a crucial contributor to …
Guest Post by Jonathan Newman via mises.org “Experts” at the Federal Reserve and other central banks proudly broadcast the potential “financial inclusion” that could be achieved with a central bank digital currency (CBDC). In the Fed’s main CBDC paper, “Money and …
via JAMES RICKARDS: You’re probably aware that Fitch has downgraded the credit rating of the United States from AAA to AA+. It was big news last week. That’s nothing to cheer about, though it’s not likely to have much impact …
History will say the mainstream financial media were highly complicit in ONCE AGAIN stoking the speculative frenzy preceding global system meltdown. Note Nasdaq down volume on the left shoulder when Meme frenzy 1.0 ended. pic.twitter.com/JEhQWbnSWU — Mac10 (@SuburbanDrone) August 6, …
by mark000 The September/October window has high potential for the horror show to begin IMO. The global markets, financial system and economy will experience simultaneous heart attacks, leading to (or because of) super negative geopolitical developments. US Treasury Market Hits …
Assets in money market funds have hit a record $5.5 trillion. With yields above 5%, this trend should continue. pic.twitter.com/gpRrtgBjoL — Charlie Bilello (@charliebilello) August 3, 2023 Bear Stearns Collapse March 16, 2008Lehman Brothers Collapse September 15, 2008 Silicon Valley …
BREAKING: Usage of the Fed's emergency bank bailout facility is now at a new record high at $106 billion, per Bloomberg. — unusual_whales (@unusual_whales) August 3, 2023 https://twitter.com/NorthmanTrader/status/1687201706369785856 h/t Simian_Stacker
by Dismal-Jellyfish https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2023/august-2023 Highlights: The BoE decided to raise the Bank Rate by 0.25 percentage points to 5.25% with a 6-3 vote. New projections assume the Bank Rate will peak at just over 6% and average just under 5.5% over …
Alarming Financial Stats of 2023: – U.S debt at record high – Interest expense on U.S debt to reach a record $1 trillion annually– Credit card debt at record high – Average credit card interest rate at a record 20.69% These are records …
On the evening of July 17th, 2023, Evergrande’s official website released 3 financial reports, including the 2021 financial report, the 2022 mid-year report, and the annual report. Everyone already knows that Evergrande is a mess, but no one expected it …
via Mike Shedlock: The Fed pays interest to banks on all reserves, largely crammed down banks’ throats via past QE. How much free money is that? Free money to banks based on reserves, reverse repos, and current interest rate paid …
Robinhood has spent $1.3M lobbying on “issues related to market infrastructure” over the last year. Their lobbyists worked for the House Financial Services Committee as recently as 2019. The revolving door between the Financial Services Committee and lobbying firms is …
Darth Powell knows: This is the result of economic and social terrorism caused by the elite/donor class and Federal Reserve. Rewarding the most worthless, least productive members of society (asset price speculators) over actual production/innovation. https://t.co/UhRkGnrXJL — Darth Powell (@VladTheInflator) …
by DesmondMilesDant Europeans are facing a new economic reality, one they haven’t experienced in decades: they are becoming poorer, per WSJ — unusual_whales (@unusual_whales) July 25, 2023 https://twitter.com/runews/status/1683903111046234122
