Independent thinking for complex markets and current events
Authored by Charles Hugh-Smith via oftwominds, When 21% interest rate credit cards are the only thing keeping the lid on awakening and revolt, that’s not a sustainable fix. The easy credit, high interest rate swindle has been a financial feature of the landscape for so long it’s rarely examined for what it is: not just a …
A plunge in Chicago kicks off more concerns over the global car business. Layoffs and plant closures keep coming as automakers are having enormous difficulties first aligning their businesses with the lack of recovery. On top of that, more indications beside Chicago pour in showing falling cyclical demand for cars, too.
***SLV Alert*** The Largest Short interest in SLV ETF this year…. A massive 30 million shares have been shorted between 11-29-2024 and 12-13-2024. The total short interest hit 50.79 million shares. This happened when silver rallied from 30 to 32.25 earlier this month. This… pic.twitter.com/YxajJN7ULK — bob coleman (@profitsplusid) December 26, 2024 Tech Stocks or …
by Mike Shedlock Based on Fed economic projections, it should not have cut interest rates today. Lead image is from today’s Summary of Economic Projections (SEP) from today’s FOMC meeting. Key SEP Projections PCE inflation for 2024: 2.4 percent up from 2.3 percent. PCE inflation for 2025: 2.5 percent up from 2.1 percent. Core PCE inflation for …
by confoundedinterest17 It is the Biden Boogie! Joe Biden is leaving the Presidency with an attrocious record. While saying he is leaving Trump with the strongest economy in modern times, the is actually leaving Trump and Republicans with a hollow shell for an economy. It is the final punch in the jaw from an angry, failed …
Mara Holdings, Inc. has announced a significant increase in its offering of convertible senior notes, raising the total to $1 billion from an initial $700 million. The company initially proposed a $700 million offering, which was quickly oversubscribed, prompting the increase. The notes, which are zero-coupon and due in 2030, are intended to finance additional …
If we don’t tackle the national debt, all tax revenue will go to paying interest and there will be nothing left for anything else https://t.co/BakfL5lbdE — Elon Musk (@elonmusk) November 18, 2024 DOGE won't be able to cut enough to make a difference unless they are willing to cut entitlements. Social Sec, Medicare and Medicaid …
Collectively, Americans now owe a record $1.17 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances rose by $24 billion in the third quarter of 2024 and are 8.1% higher than a year ago. Despite that increase, credit card delinquency …
The Visa/MC credit card monopoly has put Americans into excessive debt with usurious interest rates at 25%+ JD Vance co-sponsored the Credit Card Competition act which fights the 2-4% hidden tax you pay every time you swipe Common sense is back Let’s get people out of debt, eliminate hidden taxes, and make America wealthy again …
https://www.cnbc.com/2024/11/07/fed-rate-decision-november-2024.html The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to right-size monetary policy. In a follow-up to September’s big half percentage point reduction, the Federal Open Market Committee lowered its benchmark overnight borrowing rate by a quarter percentage point, or …
U.S. banks are taking defensive measures to secure their financial stability. The collapse of three regional banks and a series of rate hikes by the Federal Reserve have added to the uncertainty. As a result, more lenders have tightened their lending standards, as revealed by the Federal Reserve’s Senior Loan Officer Opinion Survey. The tightening …
The Canadian economy faces a looming crisis, heavily influenced by staggering household debt levels. As of 2024, Canadian household debt stands at a staggering 174.6% of gross income, significantly higher than the 75% of GDP in the U.S. This means that Canadians are dedicating a far greater portion of their after-tax income to servicing their …
— Adam Hamilton 'Gold Stocks’ Secular Breakout' Gold stocks just achieved a major secular breakout to four-plus-year highs. A little more rallying will lift GDX to its best levels in nearly a dozen years.https://t.co/jqdO3DIjNV — Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) October 26, 2024 BREAKING: Central banks now hold 12.1% of global gold reserves, the …
Mortgage rates have spiked back up to 7% in 2024, with investors now beginning to sell properties because they can no longer make money on them. The skyrocketing interest rates is now causing even more forced selling in housing markets like Florida.
by James Hickman The corpse of King Louis XV was still warm when his son and successor, 19-year old Louis XVI, started cleaning the royal house. French finances were an absolute mess. The country was almost hopelessly bankrupt after decades and decades of costly warfare… and even more costly royal luxury. The young king’s predecessors, …
SEC approved options on Bitcoin etfs, both candidates support Bitcoin, talks of a US strategic bitcoin reserve. h/t YoloFortune
US budget deficit tops $1.8 trillion in fiscal 2024, third-largest on record WASHINGTON, Oct 18 (Reuters) – The U.S. budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era, as interest on the federal debt exceeded $1 trillion for the first time and spending grew for the Social Security …
With savings rates at near-record lows, you have the perfect storm. ⛈️ https://t.co/3h3h5vXzaP pic.twitter.com/ng2y457iqa — The Great Martis (@great_martis) October 8, 2024 They’ve maxed out their balances. There’s no more pretend money to spend. Credit Card Spending Tanked in August; The American Consumer Tapped Out? How close are Americans to hitting their credit card limits? …
The Federal Reserve delivered its first interest rate cut in more than four years yesterday. It was a declaration of victory over once hot, hot, hot inflation. And mortgage rates responded by fluctuating in kind of a weird way. The average 30-year fixed weekly rate dropped from 6.2% to 6.09% and the daily rate rose …
The Federal Reserve recently announced their first interest rate cut in four years. The official explanation is that they want to encourage job growth. But how will this interest rate cut affect the average American family? From Peter Reagan for Birch Gold Group You may have heard the recent news that the Federal Reserve cut interest rates by …
by confoundedinterest17 If this isn’t election interference, I don’t know what is. The Fed today slashed interest rates by the biggest amount in 16 YEARS, a whopping 50 basis points from 5.50% to 5.00%. With the economy roaring along (thanks to Covid-related massive Federal spending), there was no good reason to slash rates. Other than …
Interest rates came down over Euro area so FED likely to follow next week whereas as bank of japan remains hawkish on interest rates. ECB: https://www.cnbc.com/2024/09/12/live-updates-european-central-bank-interest-rate-september.html FED: https://finance.yahoo.com/news/u-inflation-declined-more-august-123959854.html BoJ: https://www.reuters.com/markets/rates-bonds/bojs-tamura-calls-raising-rates-least-1-2024-09-12/ h/t Infamous_Sympathy_91
https://twitter.com/MarieIsabellaB/status/1833644152266870939
by Mike Shedlock I am sticking with my call of a 50 basis point cut by the Fed this month. The Jobs report on Friday and the CPI report next week will determine the fate. Tomorrow ADP will provide a preliminary indicator to the BLS job report on Friday. If the jobs report is weak …
by confoundedinterest17 Hey Big Spender! (Federal Government). The US government now pays out on average $3bn in interest expenses per day…If the Fed cuts interest rates by 1%-point and the entire yield curve declines by 1%-point, then daily interest expenses will decline from $3bn per day to $2.5bn per day. Even worse, unfunded Federal liabilities total …
by Jhoffman12 To start, I am not a Doomer and I have money in the market. I was looking at the unemployment rate recently just out of curiosity and saw a correlation between a recession and whenever there was a rise, which makes sense of course. What struck me though is when I started adding other …
🚨 Put/Call ratio & open interest for September 20 is a little concerning Russell 2000 $IWM https://t.co/buJtj5dl0Y pic.twitter.com/nYYGEFR4hV — Financelot (@FinanceLancelot) August 25, 2024 👆 https://t.co/Q2l9ujkH9C — Gratke Wealth, LLC (@GratkeWealth) August 25, 2024 US #consumers 📉 👀https://t.co/5m70bcS1WE pic.twitter.com/uOIeZFs6MD — Invariant Perspective (@InvariantPersp1) August 22, 2024 USA #consumer 📉 👀https://t.co/pwFKFvxhNa — Invariant Perspective (@InvariantPersp1) August …
🤣🤣🤣🤣 pic.twitter.com/G4rm6fl3jc — Darth Powell (@VladTheInflator) August 21, 2024 So the BLS prelim benchmark revision is -818k (in line with our 800k forecast). But the 1Q QCEW county data implies a bigger revision of -958k. To put this in context, the typical revision is 0.1% of payrolls…the past year was 0.5%, 5x as large. — …
