From 1980 to 2023, the S&P 500 increased 32x. (140 to 4,500). You know what else increased 32x from 1980 to 2023?…The US national debt. ($1T to $32T).
Funny how that works 🤔 (h/t @luke_broyles on twitter) h/t BENshakalaka
increased
Car insurance rates hit highest levels in 30 years due to more accidents, higher repair costs, bigger medical bills and increased litigation
via naturalnews: Rates of car insurance have hit highest levels in the past 30 years as cost of claims soared since the pandemic, due to more accidents, higher repair costs, bigger medical bills and increased litigation. The Wall Street Journal reported that many insurers have experienced significant losses over the last few years, which only means that …
Americans face increased credit rejection rates, reaching 21.8% in 12 months through June. The rejection rate for auto loans exceeded the application rate.
Americans are having a much harder time accessing credit. The rejection rate for loan applicants jumped to 21.8% in the 12 months through June, the highest level in 5 years: Fed data. The rejection rate for auto loans exceeded the application rate. https://t.co/Ag5BnmDKlP pic.twitter.com/w6iSrPAqoj — Lisa Abramowicz (@lisaabramowicz1) July 17, …
US government tax revenue dropped 9.2% in June, 7.3% TTM, largest drop since lockdown, and 15% increased spending.
In the same year the US is on track for ~$1 trillion in interest expense, tax receipts hit a 3Y low. Meanwhile, spending is rising at one of the fastest paces in history. In 10 years, the US will have $50 trillion of debt. Follow us @KobeissiLetter for more as …
Federal Reserve Alert! Beige Book July 12, 2023: “many contacts reported an inability to fully pass on increased costs to consumers, which has compressed margins.” Is the ‘Greedflation’ Peak in Sight?
by Dismal-Jellyfish https://www.federalreserve.gov/monetarypolicy/beigebook202307.htm Overall Economic Activity Overall economic activity increased slightly since late May. Five Districts reported slight or modest growth, five noted no change, and two reported slight and modest declines. Reports on consumer spending were mixed; growth was generally observed in consumer services, but some retailers noted shifts away …
FICC-GOV,FICC-MBS,DTC,NSCC Alert! New Minimum Capital Requirements: the increased capital requirements take effect on August 26, 2023
by Dismal-Jellyfish https://www.dtcc.com/-/media/Files/pdf/2023/7/11/GOV1510-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/MBS1248-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/18775-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/a9319.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/a9319.pdf Wut mean? The National Securities Clearing Corporation (NSCC), along with the Depository Trust Company (DTC) and the Fixed Income Clearing Corporation (FICC), are increasing their minimum capital requirements for members. These changes were proposed in December 2021 and approved by the U.S. Securities …
FAA Changed Planes for Sake of “Climate Change,” Then Blamed Increased Turbulence That Resulted on . . . Yep, Climate Change
The fake news media has been in a frenzy lately, feverishly reporting on how “airplane turbulence” has greatly increased, and the reason why is… you guessed it… Climate Change (with two capital “C’s”). Take a look at some of these headlines: If you listen to the “experts” and the media, …
Jun JobsReport lackluster, recession indicators, low payrolls, 3.6% unemployment rate. Increased part-time job demand due to economic conditions.
452k additional part-time jobs from economic reasons:“partially reflecting an increase in the number of persons whose hours were cut due to slack work or business conditions…"More people are trying to get full-time jobs at same time businesses are cutting them… — E.J. Antoni, Ph.D. (@RealEJAntoni) July 7, 2023 Revisions for …
Biden’s Build Back Better Now Build Back Bankrupt! Commercial Chapter 11 Filings Increased 68 Percent in the First Half of 2023 (Rising Rates Thanks To Bidenflation)
by confoundedinterest17 Biden’s massive spending spree (aka, Build Back Better) has a new name: Build Back Bankrupt! According to Epiq, Commercial Chapter 11 Filings Increased 68 Percent in the First Half of 2023. NEW YORK – July 03, 2023 — The 2,973 total commercial Chapter 11 bankruptcies filed during the first six …
Economic cycles end with increased market obfuscation.
“WHY DOES THE STOCK MARKET SEEM SO DETACHED FROM ECONOMIC REALITY? Because it is—and it’s normal! Near the end of economic cycles, we typically see more obfuscation in financial markets Stock buybacks are a good example of this” WHY DOES THE STOCK MARKET SEEM SO DETACHED FROM ECONOMIC REALITY? Because …
Forward P/E of 50 largest stocks has increased 30% since October. Investors are buying calls like no tomorrow!
Since S&P 500’ s October low, forward P/E of 50 largest stocks (blue) is up by 30% … there hasn’t been any gain in forward EPS (orange) over same timeframe[Past performance is no guarantee of future results] pic.twitter.com/x46OMr9Ufe — Liz Ann Sonders (@LizAnnSonders) June 16, 2023 Source: Goldman Sachs — …
The Fed’s emergency lending facility has increased for a sixth straight week, reaching $100 billion….The Fed has complete control over when a crisis occurs.
The fear of a US banking crisis has largely faded from market sentiment, but it seems there's a steady, low drumbeat of distress among some firms. The amount of money lent out under the Fed's emergency lending facility rose for a sixth straight week, remaining above $100 billion. pic.twitter.com/NPCTzVhbZI — …
Investors demand higher yields to compensate for increased risk of default.
by DesmondMilesDant Do these things matter? As you can see from the chart, the corporate bond spreads for both BBB and AAA rated bonds have been widening in recent years. This is indicative of increasing risk aversion among investors, as they demand higher yields to compensate for the perceived increased …
In April, consumer credit (AKA consumer DEBT) increased at a seasonally adjusted annual rate of 5.7%. Revolving credit (credit cards) increased at an annual rate of 13.1% , while nonrevolving credit (student loans, personal loans, mortgages) increased at an annual rate of 3.2%.
by Dismal-Jellyfish Source: https://www.federalreserve.gov/releases/g19/current/g19.pdf Remember, From 1st quarter 2022 to 1st quarter 2023, total household debt has increased $1,205 billion to $17.05 trillion (+7.57%)–Mortgage balances ($864 billion), HELOC ($22 billion), Student loans ($14 billion), Auto loans ($93 billion), Credit Card debt ($145 billion), Other ($67 billion): Total household debt has risen by …
China increased its gold reserves, signaling strong demand from central banks.
China increased its gold reserves for a seventh straight month, signaling ongoing strong demand for the precious metal from the world’s central banks China increased its gold reserves for a seventh straight month, signaling ongoing strong demand for the precious metal from the world’s central banks. China raised its gold …
Central banks have been net buyers of gold since 2009. This momentum has accelerated significantly again in the past year. In 2022, central banks increased their purchases by 152%, to over 1,136 tons
by BoatSurfer600 https://kingworldnews.com/tick-tock-gold-price-will-be-unleashed-to-a-new-all-time-high/ The gold price already seems to anticipate that the restrictive US monetary policy will turn out to be a bluff. Even if the gold price in US dollars has not yet marked a new all-time high, the all-time highs in various other currencies are a harbinger of …
Tipping increased due to pandemic, causing annoyance.
Yes! And I own a salon and have a tip screen… but at the deli where I buy wine (tip screen )and then w/ 2 dogs, I pick up from Burger Lounge tip button again—-BEFORE they make my food… so I get worried. Pay a living wage places w/o service—-or …
New orders for manufactured goods increased, breaking ‘Full-Employment Recession’ narrative.
by Dismal-Jellyfish https://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf Highlights: New orders for manufactured goods in April, up four of the last five months, increased $2.6 billion or 0.4 percent to $577.5 billion, the U.S. Census Bureau reported today. This followed a 0.6 percent March increase. Shipments, down five of the last six months, decreased $2.5 …
Investors have increased their short positions against tech stocks. Jobless techies being cast into #BidensEconomy to fend for themselves.
Big tech stocks have some of the highest short interest in the market. Last month, investors added $3.57 billion to their short positions against $TSLA, $2.5 billion against $NVDA and $7.26 billion against $META — Cheddar Flow (@CheddarFlow) June 4, 2023 https://twitter.com/VSoien/status/1665479234213539842 https://twitter.com/VSoien/status/1665481649436459011 Job cut announcements in technology picked up …
Nonfarm payrolls increased, but household employment decreased, suggesting some families may be struggling financially.
by DesmondMilesDant What is going on here at the Non-Farm payrolls report? Let me confuse you from something in 2008. According to the most recent jobs report, nonfarm payrolls increased by 339 thousand in January. This is good news for the economy, as it indicates that more people are finding …
U.S. credit card debt has increased by $250 billion in two years. U.S. consumer debt piles up to $17 Trillion!
Everyone's talking about how the U.S just hit $1 trillion in total credit card debt But what's more concerning: That number has increased by +$250 billion in just 2 years This doesn't end well pic.twitter.com/LK7oUrne2D — Genevieve Roch-Decter, CFA (@GRDecter) May 31, 2023 U.S. Consumer Debt Piles up to $17 …