Independent thinking for complex markets and current events
After the bombshell indictment of Eric Adams by a federal grand jury, New York City’s powerful business community is scrambling to figure out how to deal with the real possibility of a socialist taking over City Hall. Business titans are said to be terrified at the prospect of Jumaane Williams, the left-wing, anti-cop Public Advocate …
The world’s second-largest economy has remained under pressure from a real estate slump and tepid consumer confidence. “We believe the risk that China will miss the ‘around 5%’ full-year GDP growth target is on the rise, and thus the urgency for more demand-side easing measures is also increasing,” Goldman Sachs analysts said in a report. …
“A whistleblower alleges that a presidential candidate negotiated debate questions in advance, controlled camera angles, and required opponent fact-checking while avoiding scrutiny herself. “If indeed this turns out to be true, which is looking increasingly likely, consider the character of the presidential candidate that would cheat in a debate, allowing her staff to negotiate the …
Textbook recession: 2 consecutive quarters of negative real GDP Textbook depression: 12 consecutive quarters (3yrs) of negative real GDP 🇺🇸 currently in 9th consecutive quarter of negative real GDP ⚠️ — CJK (@CJKonstantinos) August 29, 2024 31% of parents say they are unable to afford back-to-school shopping for their kids this year, per Credit Karma. …
IMF forecasts, Canada will be fastest growing economy in G7 in 2025 🤣 https://t.co/lU8nK2w8Vb — Financelot (@FinanceLancelot) August 13, 2024 Interesting, to see this data. People in the UK should be asking their leaders, why the low growth? pic.twitter.com/9ZQkAkKRUS — floridanow1 (@floridanow1) August 13, 2024
by confoundedinterest17 This scene from the film “McCabe and Mrs. Miller” sums up our political plight quite nicley. Politicians spend like crazy to stay in power (Biden/Harris) are excellent examples). Politicians promises endless money, then shoot the economy. The US is broke and relies on printing money and boowed funds to stay afloat. Harris wants to …
One southern city has become a boomer boomtown thanks to an influx of older Americans flocking to its age-restricted, bustling community. Georgetown, Texas is officially the fastest-growing city in the country in part due to its wealthy 55-and-older community called Sun City Texas. An analysis of Census Bureau data for cities with populations of at …
Non-bank financial institutions are increasingly posing risks to America’s big banks, according to a post on the New York Fed’s Liberty Street Economics blog. During times of heightened market-wide stress, non-banks seek term loans and lines of credit, putting pressure on banks to provide liquidity. This reliance on big banks could lead to “vectors of shock …
China has grown its nuclear arsenal from 410 to 500 in a single year Experts said China was expanding its stockpile ‘faster than any other country’ The Pentagon warned that China may have as many as 1,000 by 2030 China is expanding its nuclear arsenal faster than any other major superpower, and is in command …
Top 10 Housing Markets with the highest price cut rate in May 2024. More price cuts mean more seller desperation. And a greater likelihood that prices drop in the future. 1. Tampa – 37% price cut rate 📉2. Austin – 36%3. Colorado Springs – 36%4. Denver – 36%5. Jacksonville… pic.twitter.com/F3mGea53MK — Nick Gerli (@nickgerli1) June …
🚨BREAKING: Banking Stress Escalates – FED discount-window loans hit $6.46B for the week ended June 12th, up from $6.19B. – Significant increase signals rising stress in the banking sector. – Experts warn of increased reliance on emergency funding especially in regional banks pic.twitter.com/WmxBngnXM8 — The Coastal Journal (@1CoastalJournal) June 13, 2024 We did 🫣notice the …
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
The hotel site still boasts a Japanese restaurant and bar in its lobby and “Art Nouveau styled hotel rooms” with “sophisticated furniture, plush beds with down comforters and deluxe linens, flat-screen televisions with cable and C.O. Bigelow toiletries.” But recent visits to the Square Hotel found a much different scene. A National Guard soldier is …
Top 10 Emerging Markets Here are the fastest-growing emerging economies, based on real GDP compound annual growth rate (CAGR) forecasts over the period of 2024-2029: Rank Country Projected CAGR (2024-2029) 1 Guyana 19.8% 2 Mozambique 7.9% 3 Rwanda 7.2% 4 Bangladesh 6.8% 5 Ethiopia 6.7% 6 Niger 6.7% 7 Uganda 6.6% 8 India 6.5% 9 …
Take homes: 1) Bozeman homeless is off the chart these days. 2) People just can’t afford a home these days. 3) There’s no rental assistance or transitional shelters. 4) They limited urban camping to 30 days on the streets, turns out that didn’t help much, they just move their RV around. Coming to a crap …
The list of alleged instances of a weaponized federal government is getting longer, Rep. Dan Bishop, R-N.C., says. “The problem of the federal government being weaponized against the American people’s fundamental constitutional rights is pervasive and it seems, although I think we’ve done some things good to uncover and deter it, it is a constant problem and growing,” …
Feb 4, 2024 #china #news #immigration A growing number of Chinese nationals, trying to escape repressive politics and a bleak economy, are headed to the U.S. They’re turning to a gap at the southern border with Mexico as a way to get in. #news #immigration #china “60 Minutes” is the most successful television broadcast in …
The pace of FBI arrests and the opening of new Jan. 6 criminal cases quickened so much in late 2023 and early 2024 that District of Columbia federal courts could bend under the weight. In the past two months, 93 people have been arrested and charged, according to Department of Justice (DOJ) reports. At the …
There are growing calls for Google CEO Sundar Pichai to step down. Me in 2017: Google needs a new CEO, but dumping Sundar Pichai is not enough: When a gigantic corporation that controls our data and knows us intimately takes a controversial political stance, it ought to make us worry. “Since its 1990s heyday, Silicon Valley has …
In a notable political shift, Black voters are reportedly abandoning the Democratic Party in significant numbers, aligning themselves with former President Donald Trump. Representative Byron Donalds has pointed to this trend, stating, “I’ve got a lot of friends that are African-American that are voting for Trump.” WINNING: Black Voters abandon Democrat Party en masse: "I've …
Alert! This guy says we could have AGI within seven months! Related! h/t Digital mix guy Spock
As the housing crisis deepens, the corrosive impact of Airbnb on communities becomes increasingly evident. With over 1,000 San Diegans falling into homelessness each month, the question arises: How many Airbnb properties sit empty, exacerbating the crisis? Complicating matters further is a colossal loophole in the ordinance meant to regulate short-term rentals (STRs). While cracking …
Vice President Kamala Harris declared she is ‘ready to serve’ if President Joe Biden is unable to perform his duties as president as questions swirl around his declining cognitive abilities. Her remarks come after a recent NBC poll showed that 62 percent of voters cited ‘major concerns’ about Biden’s mental and physical health. And last …
via naturalnews: In an effort to dodge ongoing United States sanctions against its banking system, the finance committee of the parliament of Iraq wants all oil sales from here on out to be transacted in currencies other than the Federal Reserve Notes, also known as the U.S. dollar. The committee released a statement chastising the …
By Brandon Smith In early 2020 in the midst of the covid lockdowns, blue states run by leftist governors pursued mandates with extreme prejudice. In red states like Montana, after the first month or two most of us simply ignored the restrictions and went on with life as usual. It was clear that covid was …
Very impressive surgery. Hadn’t realized one could get away with less immunosuppression by transplanting just the valves and vessels. The first baby to undergo a partial heart transplant will hopefully be spared repeated heart surgeries as the implanted tissue is growing with him – an outcome that has never been seen before in humans. …
by Michael Okay, so they want us to believe that the U.S. economy grew at a very brisk pace during the fourth quarter of 2023 even though mass layoffs are happening all over America, sales of previously owned homes are at the lowest level in 28 years, homelessness is rising at the fastest pace ever recorded, and survey …
Optimism in the US banking industry is being threatened by a growing pile of bad loans, putting pressure on the sector’s biggest players. Bloomberg analysts say non-performing loans, or loans to debtors that haven’t made a payment in over 90 days, rose to a combined $24.4 billion in the last quarter of 2023 for JPMorgan …
via politico: At a White House meeting last week, Jake Sullivan, the national security adviser, noticed that Defense Secretary Lloyd Austin was absent. A top Pentagon official, Sasha Baker, was there in his place. There was nothing obviously unsettling about this. Austin was scheduled to work from home and lower-level aides often sit in for …