Independent thinking for complex markets and current events
This is an amazing number to watch in the next few years. Individual income taxes are about 1/2 of the govt revenue. For February, the US govt collected $120 billion from individual income taxes. They had to spend $76 billion in February to pay interest on the nation debt. We… https://t.co/hBI6ZhcLiP — Wall Street Mav …
Rand Paul for Senate leader https://t.co/PSWuL7q7Xr pic.twitter.com/qIflF6yZzJ — Citizen Free Press (@CitizenFreePres) March 8, 2024 🚨🗳️VOTE NOW 🗳️ 🚨 Who would you like to be the next Senate leader? — Rand Paul (@RandPaul) March 8, 2024
March is bringing more than just the promise of spring; it’s also delivering a dose of economic tension as regional banks find themselves in a pressure cooker. High-interest rates coupled with challenges in the commercial real estate market have set the stage for a financial storm, and the expiration of a short-term federal loan program …
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. The answer is yes. During a recent town hall, former United Nations Ambassador and current Presidential …
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 ruling in the case. Judge Engoron on Friday fined Trump $354 million plus approximately $100 …
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 defense spending in 2024, grim new projections show. Federal debt is at a historic high, …
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 for production and nonsupervisory workers. Who’s Unhappy? Those looking to buy a home but cannot …
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 Powell’s assurance that another real estate-led banking crisis akin to 2008 is unlikely, he anticipates …
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 earns even more interest over time, known as compound interest. This snowball effect gains momentum …
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 (@wolfofwolfst) January 3, 2024 The alarming surge in US government debt, ballooning by a staggering …
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. That number will grow substantially as we move forward. Queue “Requiem for a Dream” music. …
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 freight rate for containers has surged by a staggering 61% this week, casting a shadow …
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" – Interest rates near… pic.twitter.com/idv0E9kdgW — Genevieve Roch-Decter, CFA (@GRDecter) January 2, 2024 And if …
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 us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) December …
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 on Deposit Rate Cuts – Bloomberghttps://t.co/FczKh5NYHqhttps://t.co/XUm8CDdEw3 pic.twitter.com/Mfk2LDwOdm — Christophe Barraud🛢🐳 (@C_Barraud) December 22, 2023 h/t …
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 Two days ago: POWELL: RATE CUTS ARE A TOPIC OF DISCUSSION RIGHT NOW — zerohedge …
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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 going to be the mother of all crashes. It’s like if the GFC f**ked the …
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 1960s. His site also lists people he credited as the “Great Minds of the Twentieth …
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 for Federal income taxes … 40% of it is… https://t.co/OCPDzSgYnR — Wall Street Mav (@WallStreetMav) …
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 Interest Test” before accepting any agreements from the United Nations or the World Health Organisation’s …
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 skyrocketing chart.https://t.co/MLnYFsU229 — David Sommers (@dgsommersmkts) November 28, 2023 $2 Trillion is the interest on …
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 equity investment fund management company based in Shanghai. Hunter Biden’s involvement facilitated the purchase of …
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 President Claudia Buch said on Wednesday. Interest rates have risen at the fastest pace on …
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 that is overwhelmingly bullish, raising alarms about a potential overbought condition. Investors are left grappling …
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 payments swell due to the maturation of older, low-interest debt being refinanced at higher rates, …
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 worries. Fitch predicts ongoing challenges for US regional banks in 2024, and with earning trends …
