Independent thinking for complex markets and current events
Nearly 17% of all American households with children under the age of 18 are run by a single mom. This means there are over 6 million single moms in the U.S., but that share varies depending on the state, as this map shows. Data for this graphic and article is sourced from the Badger Institute …
CNN Data Analyst Sounds Alarm for Harris Campaign About Low Support From Union Households. “And we know that Donald Trump has been going after that vote, and he is in a very, very strong position—more so perhaps than with any other bloc.” Harry Enten of CNN recently raised some red flags for the Kamala Harris …
Now would be a good time for the old rug pull. h/t Perfect_Alarm_2141
Prior to the pandemic, less than 2% of callers were asking for utility assistance, but in the last year that percentage has grown to 8.2%, according to Eden I&R data. Oakland made up 40% of the calls to 211, with Black and Latino individuals and single parents making up the majority of the callers. Female …
THIS IS REALLY CONCERNING: Japan households spending declined in the last 14 out of 15 months. Meanwhile, Japan's GDP shrank at an annualized pace of 2.9% in Q1 2024, rose slightly by 0.1% in Q4 2023 and contracted by a whopping 4% in Q3. 3rd largest economy is in a recession. pic.twitter.com/FgF9ZKzkkQ — Global Markets …
Professional Investors are all-in stocks, US households are all-in stocks, Fund Managers are the most bullish in years. Insiders selling shares like crazy. Retail investors YOLO-ing NVIDIA stock. What could possibly go wrong? 👇https://t.co/CtDDeknZSF — Global Markets Investor (@GlobalMktObserv) June 23, 2024 U.S. households now have the highest stock allocation in history  pic.twitter.com/BsH4RwRFlG — …
In a surprising twist, car prices are experiencing a dramatic shift. After years of seemingly endless climbs, prices are now plummeting at an alarming rate. Here are some key points: New Vehicle Prices: Industry analysts report that the average price of a new vehicle has dropped by nearly 20% year-over-year. This decline is a welcome …
by confoundedinterest17 Now you know why Joe Biden has fund raisers in Hollywood and New York where the elites (the top 1%) live. Biden is the President of The Elites, not the middle class. How bad it is? The top 1% now have more household wealth than the entire middle class. Note that the recent …
Yes and… pic.twitter.com/42pTh1uI9M — Nautilus Research (@NautilusCap) May 31, 2024 ALERT: Households are now out of excess savings Reaching the lowest level in the past 5 years This is not looking good pic.twitter.com/OMplaq6sgs — Bravos Research (@bravosresearch) May 31, 2024
Areport from the Job Creators Network shows that regulations from the Biden administration have cost the U.S. more than $1 trillion, which averages up to thousands of dollars per family. First shared with the Daily Caller, the report highlighted that there have been 923 new federal regulations under Biden, which had come with a total of up to $1.6 trillion …
The New York Federal Reserve’s latest report sends shockwaves through the financial world as a staggering 12.9% of households in April express fears of falling into delinquency within the next three months. This grim statistic marks the highest level since the tumultuous days of April 2020, heightening concerns about the looming debt crisis. What’s particularly …
by confoundedinterest17 Joe Biden could barely eat his dinner at the White House Correspondents’ Dinner. And we think he is calling the shots in The White House?? Oh well. Perhaps it is Treasury Secretary Janet Yellen or Klaus Schwab of the World Economic Forum. In any case, Treasury bond issuance in 2024 is expected to hit $1.9 …
Key points: Over 750,000 households with average incomes exceeding $312,000 benefit from student loan forgiveness. Biden’s student loan forgiveness totals $153 billion, funded by taxpayers. Penn Wharton’s analysis estimates Biden’s relief plans will cost an additional $84 billion. Biden continues paying off successful young voters: Sorry, I mean “forgiving student debt.” Biden this …
President Biden’s latest student loan cancellation plans will increase the total cost to taxpayers to a whopping $559 billion and benefit households earning more than $300,000 in annual income the most, according to a new study. House Budget Committee Chairman Jodey Arrington (R-Texas) slammed Biden’s student loan cancellation plan in the wake of Penn Wharton’s …
Financial instability grips communities nationwide, with a significant portion of households struggling with debt payments. In Phoenix, soaring evictions and bankruptcies signal a growing economic crisis. Current economic indicators point to a concerning trend of declining savings and stagnant interest rates, exacerbating inflationary pressures and paving the way for a potential recession. Wow – more …
Splurging once meant spending money on buzzy restaurants, expensive vacations, and designer clothing. These days, what’s considered splurge-worthy falls into a more humble category. Groceries are shaping up to be a top spending priority for younger generations, a February report from McKinsey & Company found. The firm asked over 4,000 people, from baby boomers to …
The United States, once seen as a land of opportunity and prosperity, now has many households facing overwhelming debt. As living costs rise and wages remain stagnant, families nationwide are caught in a cycle of borrowing, struggling to stay afloat amidst record debt levels. This growing problem, driven by various economic factors and societal changes, …
Outrageous! Nearly 60% of households led by illegal aliens use welfare. Our system is being exploited! via breitbart: “Close to 60 percent of households headed by illegal aliens use at least one major form of welfare, an analysis conducted by the Center for Immigration Studies (CIS) reveals. The CIS analysis from Steven Camarota and Karen …
by Stephen Green Colorado’s year-over-year inflation continues to outpace the national rate of 3.1%. While inflation rates in the Denver metro area have dropped to 4.5% in November, down from 5.4% in September, Colorado’s year-over-year inflation rate still surpasses the national average of 3.1%. According to analysis conducted by the Colorado State Initiative (CSI), the average …
by The Rutherford Institute WASHINGTON, DC —The Rutherford Institute is sounding a renewed warning against efforts by the government to amass extensive, sensitive private information about individual citizens and their households through its mandatory American Community Survey (ACS). Rutherford Institute attorneys have also formally lodged concerns over a proposal by the U.S. Census Bureau to expand the …
Source: https://www.newyorkfed.org/microeconomics/sce/credit-access#/financial-fragility1 Wut Mean?: Overall Decline in Consumer Credit Demand (2023): General weakening in most credit application rates. Credit card limit increase applications rose. Rejection Rates Trends: Overall rise in rejection rates for credit applications. Decline in rejection rates for credit card limit extensions and new mortgage applications. Higher creditworthiness among those applying for new …
by confoundedinterest17 Biden’s terrible economic policies and horrid fiscal managment has put stress on The Federal Reserve. The Federal Reserve paid an estimated $76 billion to the Treasury in 2022 while banks’ willingness to lend has plummeted. First, let’s look at Biden’s and The Fed’s Brawndo. One of the key ways central banks absorb liquidity back out of …
Despite a strong labor market in 2022, the poverty rate for families headed by single mothers soared, according to a new analysis provided first to Axios. Why it matters: That’s due to the expiration of key pandemic-era benefits, including the child tax credit. Women and children face disproportionate poverty and hardship in the U.S., writes Shengwei Sun, a senior research …
The surge in retirement concerns is a glaring red flag that cannot be ignored. With the shadow of a possible recession looming, the stakes are higher than ever. In the face of persisting inflation and wavering consumer confidence, the Fed’s responsibility to secure a soft landing in 2024 becomes a dire necessity. After years of …
Canada’s housing market is causing alarm bells, and with more homes listed, many folks just aren’t buying. The Bank of Canada’s financial review highlights debt worries and younger homeowners taking a step back from the market. https://t.co/IqveoD5lGS Harsh new reality for homeowners as listings rise and buyer-pool shrinksIn its 2023 Financial System Review, The Bank …
by confoundedinterest17 Wasting away again with Bidenomics, code for massive Federal subsidies to green energy donors. And incentives to buy impractical EVs. Imagine in an emergency and your car only goes 200 miles (and then you have to wait for an available charger to come open). Well, the top 1% are doing fine. But the bottom …
https://twitter.com/usapoliticsguy1/status/1701673756085870986
Democrat Chicago mayor wants to push ‘mansion tax’ on homes that sell for more than $1 million – and his team want to tax households earning $100K or more in report named ‘First We Get the Money’ Newly appointed Chicago mayor Brandon Johnson is looking to implement a tax on the sales of homes worth more …
by mrmrmrj This is BEFORE student debt repayments begin again. It is clear that household interest expense has increased significantly over the past few decades. This is likely due to a combination of factors, including rising house prices and increasing debt levels. Given the current economic conditions, it is unlikely that this trend will reverse …
