Bond Bubble Bust Keeps Getting Uglier

by DAVID HAGGITH Today’s headlines tell us that US banks are facing their highest write-offs since the worst part of the Covidcrash, and the shockwaves are spreading: The largest banks in the United States are currently grappling with the worst write-offs …

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Canadians are getting poorer.

It always surprises me when politicians reference total GDP to tell people that things are great. It results in the unnecessary negative for them of then looking out of touch with what people are feeling, which is real per capita …

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America keeps getting fatter…

More states are fatter than ever, according to new data from the Centers for Disease Control and Prevention (CDC). In 2022, a record three states had more than 40 percent of their adults classified as obese — West Virginia, Louisiana …

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Its getting worse: Americans reported more financial stress; The increase in credit card defaults has reached levels higher than even the 2008 Financial Crisis.

Makes sense, with the acceleration in credit card defaults hitting levels higher than even the 2008 Financial Crisis pic.twitter.com/AA0i4w9S97 — Bravos Research (@bravosresearch) September 12, 2023 BREAKING: Delinquency rates among credit cards issued by smaller banks are the highest on …

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10YR yield high of day 4.274%… After the Fed minutes were released today, rate expectations increased…$QQQ seems terribly mispriced…Market looking super weak, every bounce getting sold

⚠️10YR yield high of day 4.274% New 20 year high pic.twitter.com/H0k7d5a0QG — Don Johnson (@DonMiami3) August 16, 2023 The $tip etf is at the October lows. $qqq seems terribly mispriced, and that gap needs to close. pic.twitter.com/egSgaaxTsS — Michael J. …

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