Independent thinking for complex markets and current events
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 will face during renewal is known as the “mortgage cliff.” Mortgage rates are significantly higher …
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: We need more housing, full stop. And that housing needs to be affordable. And we …
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 have been drawing from their savings, which may not be sustainable in the long term. The …
The government is struggling to keep up with the rapidly growing risks in the private credit sector. This sector, often referred to as “shadow banking,” has ballooned since the 2008 financial crisis, filling the gap left by traditional banks. However, it remains largely unregulated. The “waterbed” principle of finance means that pushing down risks in …
UNITED STATES: Bloomberg reports that a 'growing number of financial elites are throwing their weight behind Trump' — The Spectator Index (@spectatorindex) May 31, 2024 https://twitter.com/_/status/1796617047733878931 Their weight. pic.twitter.com/NiTN59jHLs — Food Today (@The_Food_Today) May 31, 2024 Financial elites pronounced Elon? — Mirth O. Molefe (@mirthdot) May 31, 2024 h/t DOORBERT
https://usawatchdog.com/entire-financial-system-can-go-down-soon-chris-martenson/
US consumer borrowing has ground to a halt. Tapped out? pic.twitter.com/KH335Qw4lD — PPG (@PPGMacro) May 29, 2024 The recent data on U.S. consumer borrowing paints a concerning picture of financial stability. Delinquency rates, which Austan Goolsbee of the Chicago Federal Reserve Bank highlighted as a critical indicator, have indeed surged in early 2024. This uptick …
What he describes is also being seen in other nations too. Canada’s housing bubble is actually far worse right now than America’s was in 2008. All the signs seem to be pointing to the early stages of a worldwide Great Depression beginning to form. I lost my job in the ‘booming’ housing industry. I was …
The bank accounts of tens of thousands of U.S. businesses and consumers have been frozen in the aftermath of the abrupt shutdown and bankruptcy of financial technology company Synapse, which acts as a middleman between financial technology companies and banks. Synapse filed for Chapter 11 bankruptcy protection in April and has shut down its services to some …
In a startling turn of events, the Japanese 30-year yield has soared past 2%, reaching its highest level since 2011. This financial milestone, combined with the USDJPY’s stubborn persistence around 156.5 despite softer CPI, weaker NFP data, and a $60 billion intervention, paints a grim picture for the global economy. Key Points: The Japanese 30-year …
Paul Volcker says inflation is all about money supply good thing money supply is up $1 trillion in 7 months since Nov 1, 2023. No wonder there’s a speculative orgy in financial markets as well as reaccelerating inflation. pic.twitter.com/BHVqSX3Aht — The Punisher (of Wall ST) (@GregCrennan) May 22, 2024 pic.twitter.com/sQV3GffBuh — The Punisher (of Wall …
There is ZERO fear in equities right now. pic.twitter.com/17w2lsTXfc — Piker Capital (@PikerCapital) May 18, 2024 $DXY Chart warns of an impending financial implosion . Pay attention . pic.twitter.com/FFO2cFrggl — The Great Martis (@great_martis) May 18, 2024 Small businesses accounted for almost 80% of all job openings in March. The S&P 500 is not the …
President Joe Biden and First Lady Jill Biden have disclosed personal debts totaling up to $815,000, primarily from mortgages on their Delaware home and an equity loan. Additional debts include a term loan and a loan against a mutual fund. Their reported assets range between $1 million and $2.6 million, while liabilities range between $350,000 …
Ferguson's Law: "Any great power that spends more on debt service than on defense does not stay great for very long." –@nfergus The US is starting Cold War 2.0 from a position the USSR finished Cold War 1.0 in (debt service > defense); US will NOT lose for lack of USD liquidity. pic.twitter.com/EEWVjP9RBG — Luke …
According to Bloomberg data, 10 out of 11 major central banks are expected to slash rates in the second half of this year, the most in 16 years. The list of the 11 countries includes the United States, India, New Zealand, the United Kingdom, Canada, Australia, Norway, the Eurozone, Sweden, Switzerland, and Japan. As shown …
They have proposed bills multiple times now to stop it. They can still own stock, but through blind trusts. It is overwhelmingly popular with the public on both sides. Stop voting for people opposed to banning it. h/t Pickle-Sucker
Undecided voters in swing states unanimously favor Trump’s policies over Biden’s, citing concerns about grocery costs and dismissing Biden’s economic record as laughable. A panel of undecided voters in swing states unanimously agree Trump's policies would be better for their families, laughing at the mention of Biden believing his economic record is "good." 😂 "He's …
Concerns arise over the global monetary system’s stability amidst geopolitical tensions and the risk of a dollar collapse, prompting nations to explore alternative currencies and localize trade. Financial warfare escalates, with countries like Russia and China strengthening ties and seeking to reduce dependency on the dollar. One needs to take long-term forecasts with a pinch …
With plans to await rate cuts and pull money from retirement, 73% of potential home buyers say the goal of owning a home seems unattainable. As nearly 71% of prospective home buyers await rate cuts, 68% say housing costs are causing financial anxiety, according to the latest BMO Real Financial Progress Index. 73% of aspiring …
🚨BREAKING: FED DISCOUNT WINDOW 📈 FED DISCOUNT-WINDOW LOANS $7.02B IN THE WEEK *The latest data suggest that mostly regional banks are using the discount window as they are the ones with the worst balance sheets. pic.twitter.com/KbqGFjQ16J — The Coastal Journal (@1CoastalJournal) April 25, 2024
Amidst the tempest of international intrigue and economic brinksmanship, the U.S. unfurls its sanctions against China. The U.S. is preparing sanctions against Chinese banks for supporting Russia The restrictive measures will be designed to cut off some Chinese banks from the global financial system in order to limit Beijing's support of the Russian military industry …
With credit spreads on the rise and the 10-year TIP trading at 2.2%, financial conditions are tightening, sparking concerns among investors. While systematic funds tread cautiously amid thinning market depth, the next fortnight looms as a critical period. Contrary to expectations, inflationary fears drive Treasury yields up, leading to a plunge in stocks and a …
The Federal Reserve Bank of Philadelphia’s report reveals alarming trends, with almost 3.5% of card balances overdue by at least 30 days, the highest on record. This surge in delinquencies, coupled with rising minimum payments and increased credit card balances, underscores the growing financial strain on US households. BREAKING: 🇺🇸 US credit card delinquency rates …
2/ On 1st Oct 2007, Gold broke out to ATH for the 1st time in 1.5 years Thereon, the US unemployment rate began rising rapidly and economy growth slowed down Which ended in the 2008 Financial Crisis pic.twitter.com/Ws5AjjTaz3 — Bravos Research (@bravosresearch) April 10, 2024 4/ Today, Gold is once again breaking to new ATH …
It’s outrageous to learn that a Bureau of Labor Statistics economist has been allegedly leaking crucial inflation data to select financial giants like $JPM and $BLK. Despite the BLS denying the existence of these so-called “super users,” evidence suggests otherwise, prompting justified shock from economists like Ian Shepherdson. The gravity of this situation cannot be …
Traders build largest short position on Emerging Market Dollar Bonds in more than a decade pic.twitter.com/U9o9M39LYF — Win Smart, CFA (@WinfieldSmart) April 10, 2024 The recent financial tremors emanating from China have sent shockwaves through global markets. Traders are exhibiting unprecedented caution, as evidenced by the largest short position on Emerging Market Dollar Bonds in …
The idea of seizing Russia’s assets in the US and EU as a response to the ongoing conflict has sparked heated debate, with critics warning of dire consequences. Proposals to confiscate frozen Russian assets and divert them to Ukraine are not only shortsighted but could also spell disaster for the United States and its allies. …
Unbelievable loose financial conditions in Europe! pic.twitter.com/2ZRYhY63Ov — The Macro Guy (@SagarSinghSetia) April 9, 2024 Credit impulse in the euro area stabilizes, easing pressure to cut rates. via Bloomberg pic.twitter.com/OQcF42Bzk4 — Daniel Lacalle (@dlacalle_IA) April 9, 2024
More low income earners in the Us are not dining out, per Reuters: pic.twitter.com/oAbUo1h9D0 — unusual_whales (@unusual_whales) April 8, 2024 “Runaway prices at U.S. fast-food joints and restaurants have made people skittish down the income ladder and executives at chains including McDonald’s (MCD.N), opens new tab and Wendy’s (WEN.O), opens new tab recently said they …