Independent thinking for complex markets and current events
China’s meteoric rise to become the world’s second-largest economy could be facing a major stumbling block, with forecasts indicating that Premier Xi Jinping may not be able to stem the tide of economic woes beleaguering the nation. The implications of China’s economic predicament are extensive, posing risks not only to its substantial population of 1.4 …
This yield curve inversion is WORSE than 1929 and 2008 Buckle up pic.twitter.com/u3GEu1woDQ — Bravos Research (@bravosresearch) September 5, 2024 🚨CRASH ALERT🚨 1929 VS 2024 Scary ? Don't be alarmed, it gets much worse. A complete financial cleansing is overdue. pic.twitter.com/Ml8ib4E891 — The Great Martis (@great_martis) September 4, 2024 The difference between Real GDP and …
Now would be a good time for the old rug pull. h/t Perfect_Alarm_2141
Plans for a $400 million solar cell facility in Colorado have been scrapped just two months after Secretary of State Anthony Blinken highlighted the project as an example of world-leading foreign investment. The Intel semiconductor plant in Colorado Springs was slated to be converted into a solar cell facility by the Swiss solar panel manufacturer …
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 Of America Stock, Signaling Coming Banking Crisis@kirkelliottphd pic.twitter.com/S383o77iEj — Alex Jones (@RealAlexJones) August 28, 2024 …
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 bill issuance but could change due to idiosyncratic factors specific to some ON RRP participants. …
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 household confidence in a country where property accounts for most of people’s wealth. Only 10% of …
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 to fall on a month-over-month basis, but the six-month annual growth rate no longer signals …
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 of big money in elections, reiterated his stance that rich donors should not be allowed …
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 the 2008-09 financial crisis. The seven banks involved in the deal, including Morgan Stanley and Bank of America, …
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 marketplace for stolen personal data. The breach, which includes Social Security numbers and other sensitive …
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 years. Delinquencies are currently rising at a faster pace than during the 2008 Financial Crisis. …
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 so buyers know what they’re getting themselves into. You have to go through the motions …
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 can no longer ignore this. — Edward Luce (@EdwardGLuce) August 5, 2024 The same legacy …
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. pic.twitter.com/yKs0ZQ8701 — Geoffrey Fouvry (@GraphFinancials) July 28, 2024 48 hours now and the number of …
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 to law enforcement. https://t.co/YAbp6BV7fU — Rohit Chopra (@ChopraUSA) July 24, 2024
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 — Global Markets Investor (@GlobalMktObserv) July 25, 2024 Global Stocks Tumble on AI-Bubble Burst Fears …
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 American homebuyers. As of July 2024, the median household would need to spend an estimated …
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 hugely boost tourism, revive the city, draw investment and kick-start a French economy that is …
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 out of spare cash, teens have had to cool it on spending for clothes. “I’ve …
🚨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, I've noticed the year isn't over yet. https://t.co/bgoSuktan8 pic.twitter.com/WNOBs7CgmQ — Mac10 (@SuburbanDrone) June 26, 2024 …
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 do so en masse. the commonality of asset holdings between banks and NBFIs could turn …
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 mortgages. The broader distress in the commercial real estate market is driven by high interest …
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 streamline its organizational structure and adapt to evolving customer needs and market dynamics. Prudential Financial …
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 stocks, such as Nvidia, amid bets that artificial intelligence will boost profits. Wall Street’s climb …
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 — Global Markets Investor (@GlobalMktObserv) June 18, 2024 Magic, pure magic pic.twitter.com/p914IlcsCP — Michael A. Arouet …
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 14, 2024 This is just tremendous! Every time the Bank of Japan tries to help …
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 refusal to implement a 2020 order from the European Court allow migrants to stay in …
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 is generating large-scale, enduring economic, social and political consequences. In a nutshell, older generations who bought …
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 . AI was a temp save . Bonds will erode and DXY will rocket . We …