Independent thinking for complex markets and current events
The Capital One hardship program seems to be one of the hardest ones to get into…but I think I cracked the code!! Here’s what I did: I called them a couple times this month, and just today I got approved for a 60 month payment plan with 7% interest. I owe $4500 on the card. …
The system is stacked against the average person, and nobody seems to care until it hits them in the wallet. Back in 2022, I predicted that the US would not only avoid a recession, but would experience an “immaculate” disinflation. Today, the insulation that once protected the labor market is gone. While a recession is …
Yields are more likely to crash in the coming months, not the opposite. pic.twitter.com/QNo5b0NzIb — Guilherme Tavares (@i3_invest) April 25, 2025 Hardship 401k withdrawals running 15-20% above norms pic.twitter.com/C4VOxqXuNB — Special Situations 🌐 Research Newsletter (Jay) (@SpecialSitsNews) April 25, 2025 This is stunning: 44% of Americans now believe they will be WORSE OFF financially in …
Foreign aid is important. But not as important as help for Americans — that should be the top priority — Matt McCann (@mccannltc) December 13, 2024
Trade wars, the pandemic, and geopolitical tensions have disrupted global supply chains. Reshoring efforts are increasing in an attempt to bring more manufacturing back to the US. Bank of America says domestic small- and mid-cap stocks in sectors like industrials and healthcare may benefit most. The 2000s was the golden era of globalization. The idea …
In the home stretch of the 2024 election, voters who’ve been weighing both campaigns’ proposals to tackle living costs are now hearing a new pitch from the Republican side: accept some short-term economic pain to rein in government spending. That message has emerged from former President Donald Trump’s wealthiest backer, Elon Musk, who says that …
"I don't know a single person in Canada who's not struggling right now" "Everyone is on the brink of LOSING everything" "We're literally just working to scrape by to survive" "It's almost impossible to leave Canada because that's expensive" "There's this huge feeling of… pic.twitter.com/GxtC901yCV — Wall Street Mav (@WallStreetMav) March 29, 2024 It is …
New data from Vanguard shows that Americans are pulling a record amount of money from their retirement accounts to pay their bills. Most notably – the share of customers making an emergency hardship withdrawal from their 401k spiked to 3.6% in 2023 – the highest rate on record.
by confoundedinterest17 “Two-job Joe” should be Biden’s new nickname for his economy wrecking ball known as Bidenomics. The economic disaster known as Bidenomics (code for wealth transfers to the donor class) can be seen in the following chart. Non-elite households are struggling to cope with higher gasoline, food and house prices (rent) under Bidenomics. As …
With the median mortgage payment exceeding the cost of rent by $1,000 per month and average new car payments and used car loan interest rates reaching new highs, households are feeling the strain of increasing expenses. The milestone of $1 trillion in credit card debt, coupled with record-high interest rates of 25%, underscores the growing …