A hub for independent voices and hard truths
Banking crisis ⚠️ 🔥 Spot fires for now. The global bushfire (financial crisis) will be biblical. https://t.co/1g8fUsLI99 — The Great Martis (@great_martis) August 27, 2024 BREAKING: After Dumping 55% Of His Apple Stock, Warren Buffett Sells 5 Billion In Bank …
Source: https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20240731.pdf TLDRS: The Federal Reserve’s July FOMC meeting minutes highlight economic concerns and financial vulnerabilities. Usage of the Overnight Reverse Repo (ON RRP) facility slightly declined, with a more noticeable decrease expected later in the year due to increased Treasury …
Bullet point summary: Credit demand has slumped, with new renminbi loans to the real economy turning negative for the first time since 2005 in July. The slow take-up comes as policymakers have struggled to stabilize the real estate sector, undermining …
by confoundedinterest17 That’s Biden/Harrisnomics! US Leading Economic Indicators down for their 29th straight month – at a level worse than the trough of COVID lockdowns… …and the head of The Conference Board says ‘nothing to see here’… “The LEI continues …
Bernie Sanders Calls out the DNC to Its Face, Admits Economy Is Terrible Senator Bernie Sanders delivered a pointed speech at the Democratic National Convention, where he condemned the influence of wealthy donors in American politics. Sanders, a long-time critic …
Loans of around $13 billion have remained ‘hung’ for nearly two years, bringing in interest payments but weighing on banks’ balance sheets The $13 billion that Elon Musk borrowed to buy Twitter has turned into the worst merger-finance deal for banks since …
About four months after a notorious hacking group claimed to have stolen an extraordinary amount of sensitive personal information from a major data broker, a member of the group has reportedly released most of it for free on an online …
by confoundedinterest17 Is this The Big Short, CMBS style? The delinquency rate on commercial mortgage-backed securities (CMBS) for offices spiked to 8.1% in July, the highest in 11 years. The delinquency rate of office CMBS loans has QUADRUPLED in 1.5 …
One issue I’ve recently noticed that I haven’t seen anyone else talk about is that a lot of condos have major problems when it comes to their finances and none of this is being disclosed upfront in the listing description …
Can't say this enough; Elon Musk's menace to democracy is intolerable. He's using the largest & most influential platform in the democratic world to stoke racial conflict and civil breakdown – in his own posts & what X promotes. Democracies …
1/ If the National pension fund of Japan sells UST for their cash flows, They hurt up their entire banking system. Because the entire banking system is a big fat SVB. Low loans to deposits, lots of foreign bonds/ duration. …
Probably nothing: pic.twitter.com/WBYHyg5qwQ — Jason Mikula (@mikulaja) July 24, 2024 Law enforcement uncovers serious wrongdoing by financial firms through whistleblower tips. Companies may be breaking federal law if they muzzle employees through nondisclosure agreements that deter whistleblowers from coming forward …
WEDNESDAY WAS BRUTAL: Magnificent 7 lost nearly $2 TRILLION in market cap in 10 days. This equals ~50% of Apple's value, world's largest company. Amazon, Apple, Google, Meta, Microsoft, NVIDIA, and Tesla combined saw largest daily loss since Oct 2022👇https://t.co/i6teU5IH8V …
WARNING: Housing defaults have skyrocketed Such a run-up was last seen during the Financial Crisis pic.twitter.com/KcDppiC6Lz — Bravos Research (@bravosresearch) July 19, 2024 Housing Affordability Continues to Erode The latest data on housing affordability paints an increasingly challenging picture for …
The clock is already ticking down to what should prove the most spectacular event of the summer. In less than two week’s time, the Paris Olympics will open. According to the plan, as well as a sporting festival, it should …
Teens Skip $50 Jeans in Squeeze of Gas, Job Shortage July 2 (Bloomberg) — The financial pressures of adults are finally catching up with American teenagers. Since summer jobs dried up, gasoline prices topped $4 a gallon and parents ran …
🚨CRASH ALERT 🚨 1929 VS 2024 Don't be alarmed. it gets much worse. A complete financial cleansing is overdue. pic.twitter.com/UvCoPZdpDp — The Great Martis (@great_martis) June 27, 2024 This is the biggest election year stock market rally since 1976. But, …
by mark000 Going to be so bad: https://libertystreeteconomics.newyorkfed.org/2024/06/the-growing-risk-of-spillovers-and-spillbacks-in-the-bank-nbfi-nexus/ the system may be disproportionately exposed to financial and economic instability when aggregate tail risk materializes. bank-NBFI dependencies turn into vectors of shock transmission and amplification, forcing authorities to intervene and to …
Some Wall Street banks are quietly offloading their portfolios of commercial real estate loans, hoping to cut their losses. These actions stem from concerns that landlords of vacant and struggling office buildings may not be able to pay off their …
Prudential Financial is currently in the process of laying off 56 employees at its headquarters in Newark, New Jersey. These layoffs are scheduled across three separate dates in 2024: June 21, September 30, and December 31. The company’s decision reflects ongoing efforts to …
The S&P 500 has gone 377 days without a 2.05% sell-off. That’s the longest stretch for the benchmark since the great financial crisis, according to FactSet data compiled by CNBC. This market lull comes as investors pile into megacap tech …
US labor market is only strong in the headlines: 1.5 million Americans lost their full-time job in just 6 months. Meanwhile, the BLS and Media Headlines: The US economy has been adding jobs for 40 straight months. Truly incredible.https://t.co/aBnhvZ4VI6 — …
The Bank of Japan has announced it will start reducing bond buying, following years of purchasing nearly every financial asset available. The financial market in Japan is broken. Things are moving in slow motion. — Gold Telegraph ⚡ (@GoldTelegraph_) June …
A European Union court has ordered Hungary to pay a fine of €200 million for refusing to adhere to the bloc’s rules imposing open borders on all its member states. The ruling, which dates back to Prime Minister Viktor Orban’s …
Authored by Charles Hugh-Smith via oftwominds, Following the conventional path is a deadend. It isn’t easy to carve a path outside the well-worn pathways of debt servitude, but it is possible. America has become a nation bifurcated into haves and have-nots, and this …
First to go, will be the financial sector . Wont be long . pic.twitter.com/M1x8wQig5f — The Great Martis (@great_martis) June 10, 2024 Look at the cracks David . Dow Transports and Russell are both down 15% Market is fractured . …
Canadian banks are indeed bracing for a “mortgage renewal cliff.” As mortgage renewals approach for over three-quarters of homeowners, Canada’s Big Six banks are adding billions of dollars to their emergency funds. The spike in mortgage payments that many homeowners …
Source: fred.stlouisfed.org/graph/?g=1os7U Flashback to 2008? United Wholesale Mortgage Rolls Out 0% Down, Interest-Free Loan Scheme! What could possibly go wrong? Source : https://www.uwm.com/price-a-loan/exclusives/zero-down-purchase
New York CNN — America’s gummed-up housing market is a $45 trillion mess — a big old knot of economic forces smashing into a century’s worth of cultural conditioning about the value of homeownership. There are some obvious, urgent needs: …
Consumer spending is collapsing. This chart is just ugly. Stimmies are drying up and inflation continues to pressure spending. Never forget: Consumer spending represents 70% of the economy. pic.twitter.com/tTPeM1fKMp — QE Infinity (@StealthQE4) June 2, 2024 Savings Depletion: Many households …