Inflation Alert! Fed Governor Michelle Bowman: “Inflation continues to be too high, and I expect it will likely be appropriate for the Committee to raise rates further and hold them at a restrictive level for some time” October 9, 2023 2:57 pm
A crisis is looming: Small US banks hold over 70% of $2T in CRE loans, exceeding ’06 guidance. With $1.5T CRE refinancing ahead, vacancies high, and prices falling, excessive exposure risks instability. September 26, 2023 3:38 pm
Egypt’s inflation rose to 37.4% in Aug, a record high. Food costs were up 71%. 2%Target? September 16, 2023 11:06 pm
Global liquidity has dropped by $1 trillion in the last 10 weeks, with $4.2 trillion dried up since 2022’s high, returning to pre-pandemic levels…. The Federal Reserve is currently in a difficult position September 11, 2023 9:25 am
Housing payments are now $2,649, a record high, for the median-priced home, per Redfin September 5, 2023 7:35 pm
Job openings drop by 3 million from high, this is by far the largest 3-month decline in JOLTS on record. August 29, 2023 5:05 pm
Fed Chair Jerome Powell: “We have tightened policy significantly over the past year.” “Inflation has moved down from its peak…it remains too high” “We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident” August 25, 2023 1:56 pm
Current debt levels are dangerously high, with $17.1 trillion in household, $12.0 trillion in mortgage, $1.6 trillion in auto loans, and $1.0 trillion in credit card debt. August 21, 2023 10:35 am
Global Treasury Yield Hits 15-Year High, Back To 2008 Despite No Change In Industrial Production (REAL 10Y Yield Now Highest Since 2009, Approaching 2%) August 17, 2023 3:06 pm
B of A: US debt to GDP is at an all-time high, ranking in the bottom 5 with Emerging Europe, and shifting closer to emerging economies. August 10, 2023 9:58 am
England – Need hospital treatment? There’s a waiting list of 7.6 million, a record high… August 10, 2023 9:47 am
Global debt levels are indeed high, and Fitch’s downgrade of its U.S. credit rating may just be the start. August 2, 2023 9:48 pm
American military confidence lowest in two decades; politicians’ confidence in defense contractors high, according to poll. July 31, 2023 3:44 pm
Troubling times for U.S. firms! In H1 2023, 340 companies filed for bankruptcy, hitting a 13-year high. Economic challenges continue to impact businesses. July 29, 2023 9:47 pm
European Central Bank raises rates for 9th time, a 23-year high. Business credit conditions in the EU at 2008 levels July 27, 2023 3:27 pm
Bidenomics In 3 Charts! Share of Total Net Worth Held by the Top 1% Near All-time High, 25 Straight Months Of NEGATIVE Real Wage Growth, 3 Straight Quarters Of NEGATIVE Net Worth Growth July 9, 2023 9:22 pm
Byron Donalds: Bidens Received $17-25M from Selling Us Out… Comer: More Biden Bribery Drops Inbound… Jim Jordan: ‘High Crimes, Misdemeanors, Bribery, Treason‘ Could Bring Biden Impeachment June 26, 2023 10:43 pmJune 26, 2023 9:15 am
Inflation Shocker in the UK: Core CPI Spikes to 30-Year High, Driven by Spike in Services June 22, 2023 8:48 am
Despite Getting Whacked by Bank Turmoil, Layoff News, Credit Crunch, High Interest Rates, and Inflation, our Drunken Sailors Spent Even More, Even Adjusted for Inflation June 1, 2023 7:41 pm
Here’s How We’ll Have Labor Shortages and High Unemployment at the Same Time May 31, 2023 10:59 amApril 5, 2023 12:57 am