Independent thinking for complex markets and current events
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 by the Fed. Chart and calculation by Mish. Understanding Reserves The Fed used to pay …
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 crazy: pic.twitter.com/9YDbLhQfRs — Quiver Quantitative (@QuiverQuant) July 25, 2023
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) July 25, 2023 How long can the Fed & its PE accomplices delay the inevitable? …
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
The economic news is getting really bad but markets are still rising. The brief final stage of the market cycle.pic.twitter.com/55ZY4MGgPy https://t.co/rX8hxr3YI3 — Financelot (@FinanceLancelot) July 25, 2023 The overwhelming temptation of every financial pundit is to lure sheeple into a market powered by five stocks:https://t.co/vCedAfNQWd And then after the crash tell everyone no one saw …
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by mark000 Judo Australian Service PMI in contraction territory again, small MFG sector there saw a bounce but still contracting Composite PMI actual 48.3, previous 50.1 Lowest since December 2022 pic.twitter.com/ROlCMamJyr — Don Johnson (@DonMiami3) July 23, 2023 Despite leading economic indicators contracting sharply, the market has been moving higher A similar divergence occurred during …
by confoundedinterest17 No, this isn’t a John Kerry/Greta Thunberg hysterical warning about climate change. But a storm created by 1) Biden/Congress spending splurge and 2) excessive monetary stimulypto by The Federal (Feral) Reserve. Now that The Fed is withdrawing the excess stimulus, we are seeing a world of pain for commercial real estate. A financial …
There’s talk of a “New Monetary System” using gold because all the central banks, commercial banks and most countries have MASSIVE AMOUNTS OF GOLD. It makes sense that a return to a gold standard should be one of the alternatives. But what about Silver? Silver has been used as money for much longer than gold …
by Simian_Stacker This time around the Fed has already blown its wad with 15 years of QE. The builders are starting to feel it. US: Housing Starts fall 8% in June, Building Permits fall 3.7% Housing Starts and Building Permits declined sharply in June. US Dollar Index stays in positive territory above 100.00. The monthly …
China’s Murky Debt Corner Faces Funding Squeeze (Bloomberg) — The $9 trillion of Chinese local government bonds that helped drag the rest of the world out of the 2008 financial crisis are a growing risk this time around. The bonds funded an economic boom in China more than a decade ago, as local authorities borrowed …
Consumers face challenges. If banks borrow short and lend long, then a large % of their payments dries up, how do they pay back their lenders in full? (they don't) That eventuality is only growing larger: pic.twitter.com/N96oHRwUBG — Joe Consorti (@JoeConsorti) July 13, 2023 University of Michigan consumer sentiment is levels last seen during: – …
Interest rates are at levels comparable to that seen during the Financial Crisis Tight monetary policy is going to be a major headwind for the economy in H2 2023 pic.twitter.com/i7eXcI5Lxf — Bravos Research (@bravosresearch) July 12, 2023 This is the first S&P 500 new (52 week) high that is not confirmed by mega cap Tech. …
If you thought Central Bank Digital Currency (CBDC) plans sounded dystopian, just wait to read the new “unified ledger” agenda released by the Bank for International Settlements (BIS, known as the “bank of central banks”). The plan, found at this link on BIS.org, is entitled, “Blueprint for the future monetary system: improving the old, enabling …
by confoundedinterest17 To quote Bill Paxton’s character from Twister: “It’s Already Here!” The feared recession, that is. The year-over-year growth rate in Household Net Worth has been negative for 3 consecutive quarters, the worst growth since The Great Recession and Financial Crisis of 2008/2009. Of course, the Biden family household net worth is off the charts. …
2024: Will we make it? Many Americans fear a recession as severe as 2008 could be coming. Here’s what experts say It has been well reported that an economic downturn could be coming. But the big question is when might a recession happen, and how bad could it be? Many Americans fear an economic downturn …
by Nice_Flamingo203 I live in the USA. I have been pretty successful so far in life and have done well financially. I’m at a crossroads in life and as I look out at the world I can’t help but question the status quo. For all of my life the US has been on top and …
Photo by Talashow From Brandon Smith At the end of June government leaders from around the world met at the Summit for a New Global Financial Pact in Paris. Participants include United Nations (UN) Secretary-General Antonio Guterres, U.S. Treasury Secretary Janet Yellen, IMF Managing Director Kristalina Georgieva and World Bank President Ajay Banga. The supposed purpose of the summit …
15% of new cars sold near end of 2022 have a $1,000 or higher car payment. A $700/mo car payment is a bad idea. A $1,000/mo car payment is a horrible idea. pic.twitter.com/UFyoALCXN6 — theficouple (@theficouple) July 5, 2023
“We’ve been collecting data on the financial ties of politicians. There have been SEVERAL members of Congress who have recently been investigated for their involvement in financial crimes. The charges rarely stick. Here are a few examples:” In January of 2020, Senator Richard Burr sold off up to $1.7M of stock after attending confidential COVID …
Recent stock market surge deviates from reality, with fund managers buying overvalued stocks to catch up, pushing the market higher. https://twitter.com/MFHoz/status/1674879653008359424 Look at NAIIM, they are fully invested now. — The Macro Pulse (@TheMacroPulse) June 30, 2023 Nine months down, and nine months up. And what a load of bull shit we've had to suffer …
by BoatSurfer600 via mediaite Former UKIP leader Nigel Farage may leave the United Kingdom after claiming his bank accounts were closed over his role in Brexit. In a six-minute video posted on his Twitter account, Farage claimed he was the victim of “serious political persecution” after his banking group of 43 years told him two months ago …
by BoatSurfer600 This recession will turn into a depression real quick. Americans under 25 racked up more credit card debt than any other age group last year – and they’re about to run into trouble as financial conditions tighten and inflation stays high “Defaults and delinquencies could spike among young adults who’ve racked up credit …
Bloomberg: Mortgage indicators ring alarms as spreads near post-subprime highs Background Worsening conditions in the U.S. mortgage-backed securities market are doing little to ease fears over financial contagion. Demand for home purchases and refinancing continued to take a hit last month, as U.S. mortgage rates increased to their highest levels since November. For many potential …
by Dismal-Jellyfish Source: https://www.federalreserve.gov/econres/notes/feds-notes/distressed-firms-and-the-large-effects-of-monetary-policy-tightenings-20230623.html TLDRS: Since March 2022, U.S. monetary policy has become tighter. More businesses are financially distressed now than in previous instances of tightening since the ’70s. Studies suggest that these conditions could lead to significant declines in investment and jobs in the near future. The theory is that when monetary policy gets tougher, …
by Dismal-Jellyfish https://www.snb.ch/n/mmr/reference/stabrep_2023/source/stabrep_2023.n.pdf These measures need to strengthen banks’ resilience in order to prevent a loss of confidence wherever possible, and ensure a broad range of effective options to stabilise, recover or wind down a systemically important bank in the event of a crisis. Third, the scale and pace of deposit outflows that resulted from …
by BoatSurfer600 via YAHOO: (Bloomberg) — Sweden’s beleaguered property sector suffered another blow when one of the largest office landlords in the capital was downgraded to junk status by Moody’s Investors Service. Stockholm-based FastPartner AB saw its rating cut one step to Ba1 with the possibility for further downgrades to come if the company cannot …
The banks all know the collateral being offered is toxic-waste sh*t. Fed Emergency Bank Bailout Facility Usage Hits New Record High; Money Market Funds See Small Outflow https://t.co/ZO97GCHNT5 — zerohedge (@zerohedge) June 15, 2023 They’re def hoarding them Interbank lending has completely plunged as banks began hoarding reserves instead for the IOER which has created …
BREAKING: Citizens Financial Group is ceasing all indirect auto lending. Basically: — One less lending partner for dealers — One less financing option for potential car buyers Lose/lose situation. The pace of change in the auto lending business right now is mind-boggling. pic.twitter.com/eLQDhH9Qy2 — Car Dealership Guy (@GuyDealership) June 7, 2023
