Independent thinking for complex markets and current events
WE HAVE NEVER BEEN THIS BROKE… Searches for ‘can’t pay credit card’ smash records… 11% of accounts now seriously delinquent… Savings rate vanishes… 🚨 Americans have never been this broke before. Google searches for “can’t pay credit card” just hit an all time high. At the same time, US consumer confidence has collapsed to one …
The setup is familiar. Complacency, leverage, and the belief that this time is different. It never is. The smart money is already bracing for volatility, false rallies, and brutal reversals. “The system is insolvent. No one knows what to do next except repeat the insanity until the next bubble blows. That’ll be the one — …
Back in 2008 this announcement would have created chaos Today no one cares. https://t.co/zxgD9T65jP — QE Infinity (@StealthQE4) November 15, 2025 New York Federal Reserve president John Williams convened a meeting with Wall Street dealers this week over a key short-term lending facility, underscoring officials’ concerns about strains in US money markets. The hastily arranged …
I was a former series 7 and 63 registered Wall Street broker. I left for integrity reasons. We have trillions of bonds rolling over because we can’t possibly ever pay the principal and have to reissue debt formally at 1% now near 5% . The world has stopped buying our debt and we have been …
This isn’t bullish as many claim. What’s happening is there’s limited demand for credit/leverage in China. Yet, b/c banks are sitting on liquidity, they are piling into Chinese bonds, which is driving rates on these bonds lower. While some are saying this is QE, THEY ARE WRONG. https://t.co/rIH1RNoXkP — Gordon Johnson (@GordonJohnson19) December 17, 2024 …
by James Hickman On Tuesday, September 15, 1992, the two most powerful financial officials in the British government held an urgent meeting that night to review their plan for when the markets opened the next morning. The tone of the meeting must have felt frantic… even desperate… because the value of the British pound had …
Personal and household debt at all-time highs,far fewer loan transactions, Low interest. All bad signs for banks. Not to mention their exposure to airlines, hotels, tourists, and other industries. I’ll be surprised if any can pass the stress test. They cant play fast and lose with bank members’ cash. Banking shares still down about 30% …
BofA HTM losses soar to $131.6 billion, up $26 billion in Q3 and the highest on record. pic.twitter.com/XiKXqjQW53 — zerohedge (@zerohedge) October 17, 2023 NEW: The significant decline in 🇺🇸 US bonds results in US banks facing an almost record-breaking unrealized loss of ~$600 billion 😮 pic.twitter.com/xjhkQdEU19 — Bitcoin News (@BitcoinNewsCom) September 30, 2023
BREAKING: Usage of the Fed's emergency bank bailout facility is now at a new record high at $106 billion, per Bloomberg. — unusual_whales (@unusual_whales) August 3, 2023 https://twitter.com/NorthmanTrader/status/1687201706369785856 h/t Simian_Stacker
via Mises.org: The taming of monetary policy necessary to slow price inflation has triggered a corrective trend in the valuation of financial instruments. Many big banks in the United States have substantially increased their use of an accounting technique that allows them to avoid marking certain assets at their current market value, instead using the face value …
California’s Unemployment Insurance (UI) Trust Fund that pays out state benefits is now “structurally insolvent,” according to a recent report. The Legislative Analyst’s Office noted the debt crisis involving the California Employment Development Department’s (EDD) UI trust fund on July 7. The state report was released following last week’s “May Fund Forecast” report by the …
