A hub for independent voices and hard truths
via Mike Shedlock: Fact check true: For the first time in history spending on interest will exceed spending on defense. Do We Spend More On Interest Than Defense? The Committee for a Responsible Federal budget did a Fact Check on that question. …
Former President Donald Trump owes an additional $87,502 in post-judgment interest every day until he pays the $354 million fine ordered by Judge Arthur Engoron in his civil fraud case, according to ABC News’ calculations based on the judge’s lengthy …
Interest payments on $34 trillion US national debt will exceed DEFENSE spending this year – as legendary investor Paul Tudor Jones says a ‘debt bomb’ set to go off in US Interest payments on the US national debt will eclipse …
via Mike Shedlock On average, the economy looks OK. But averages are misleading. Several large groups of people are struggling. They all have one thing in common. Case-Shiller home price index, CPI rent index, and the index of hourly earnings …
As inflation and steep interest rates persist, Americans are accumulating more credit card debt, with the New York Federal Reserve Bank’s Quarterly Report on Household Debt and Credit expected to reveal a new record exceeding $1.08 trillion. Despite Fed Chair …
Hot tip: don’t have credit card debt h/t TonyLiberty
by TonyLiberty If you want to retire a millionaire, you need to understand the power of compound interest. Let me break it down for you: Compounding allows your interest to earn interest Money earned from interest is then reinvested and …
The Incredibly Ballooning US Government Debt Spikes by $1 Trillion in 15 Weeks to $34 Trillion.Interest payments threatening to eat up half the tax receipts may be the only disciplinary force left to deal with Congresshttps://t.co/4qD6tEfp9E pic.twitter.com/WlTbn3Q5L4 — Wolf Richter …
The US will need to print over $1T per year just to pay the interest. Since US Gross Domestic Product is roughly $25T that means that inflation will never be below 4% ($1T / $25T) until the US goes bankrupt. …
Oh boy. Global freight rate for containers just surged 61% this week. Not the time to celebrate the end of inflation. A second wave is likely underway. H/t @dailychartbook pic.twitter.com/X9K2DZJDWR — Otavio (Tavi) Costa (@TaviCosta) January 5, 2024 The global …
Starting off 2024 with: – Record U.S. debt – Record U.S. debt interest payments – Expected record U.S. Treasury issuances in 2024 – Record speculative-grade debt maturing over the next 5 years – Moody’s downgrades U.S. to "negative" from "stable" …
Meanwhile, the Fed's latest guidance was that 3 rate cuts are coming in 2024. Markets are currently pricing-in 7 with a possibility of up to 9 interest rate cuts next year. 2024 is going to be a historic year. Follow …
The survey shows that 70% of Chinese will continue to save and 30% will take action, involving $5 trillion. Source: Bank of China.Now all Chinese are discussing what to do with deposits. 🇨🇳 #China’s 30-Year Yield Hits Lowest Since ‘05 …
When prices keep rising and people keep struggling with a crap economy and piss poor government policies increasing interest rates won’t help normal people and so you’ll just have more bankruptcy and poor. h/t TonyLiberty
https://twitter.com/TRUMP4USD/status/1735657299811909701 Save this article headline … This is going to be one of those we look back on and laugh at. pic.twitter.com/qJs5C4TwJD — Wall Street Mav (@WallStreetMav) December 15, 2023 *WILLIAMS: WE AREN’T REALLY TALKING ABOUT RATE CUTS RIGHT NOW …
https://threadreaderapp.com/thread/1732949619162632455.html
by Naive-Historian-2110 In 2008 only 9% of mortgages were delinquent or in foreclosure. it doesn’t matter if half of homeowners have a 2% mortgage. it only takes a seemingly small amount of defaults and delinquencies to send waves. It’s definitely …
Per The New York Post: He (Polito) also ran a personal website about his life, in which he posted a 15-page theory claiming he decoded the messages left by the Zodiac Killer, who operated in Northern California in the late …
US govt:~$5 trillion total rev all sources~$2.5 trillion of that is personal income taxes~$1 trillion annual interest on the debt. This is crazy to think about. When you look at your paycheck info, and you see that amount taken out …
via expose-news The newly sworn-in New Zealand government intends not to be pushed around by UN resolutions or by the World Health Organisation anymore. According to a coalition agreement with New Zealand First, the new government will undertake a “National …
US is leading the way on this, unfortunately. If the US refinanced its current debt load ($33.827 trillion) at the yield on 10-year US Treasury bond (4.38%), interest expense would be $1.48 trillion, 50% higher than the top of this …
A citizen journalist sheds light on what seems to be a significant conflict of interest as Joe Biden actively promotes electric vehicles. The revelation exposes a partnership between the Bank of China and Hunter Biden, orchestrated through BHR Partners, an …
by 21plankton Germany financial sector facing dark clouds, Bundesbank warns FRANKFURT, Nov 23 (Reuters) – Germany’s financial firms may be well capitalised now but face challenges ranging from rising interest expenditure and weak loan demand to unrealised losses, Bundesbank Vice …
As the S&P 500 stock short interest continues to linger near historic lows, signaling an unprecedented lack of bearish bets, concerns heighten over the market’s vulnerability to a correction. The persistently low levels of short interest imply a market sentiment …
As the U.S. government collects approximately $2.5 trillion annually in personal income taxes, a staggering 40% of that sum, equivalent to $1 trillion, is already allocated to servicing the interest on the national debt. The ominous trajectory continues as interest …
As we approach the new year, a shift toward credit risk is expected, replacing interest-rate concerns, according to Mohamed El-Erian. The recent steep drop in October’s Producer Price Index (PPI), the largest since April 2020 during the Covid lockdown, heightens …
The interest payments on the national debt alone used up 40% of all the money collected from individual income taxes in October. This means a significant portion of the taxes paid by individuals goes just towards paying the interest on …
The US will need to refinance almost half of its national debt in less than 2 years. Let’s not forget that interest rates were at 0% just 15 months ago. Wait until these debt instruments need to be rolled over …
Bloomberg’s report on the Fed’s apprehensions regarding US commercial office space and interest rates raises alarming flags. Moody’s staggering estimate of potential unrealized losses, reaching a colossal $650 billion within US banks’ securities portfolios, points to an imminent and deeply …
