Independent thinking for complex markets and current events
China will stop some non-tariff actions against the United States after President Trump agreed to extend the tariff pause for 90 days just before it ended. This was announced in a joint statement by Chinese state media and confirmed by a White House executive order. “China will keep its earlier tariff pause for 90 days …
Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs pic.twitter.com/2mJA9hZb7v — Win Smart, CFA (@WinfieldSmart) April 16, 2024 Heard they are considering Chapter 11 bankruptcy. Glad I got to experience this authentic seafood once. A moment I’ll never forget for the rest of my life. https://t.co/p9KWxDxYxK — Ramp Capital (@RampCapitalLLC) April 16, 2024
Source: https://www.federalreserve.gov/releases/chargeoff/delallsa.htm TLDRS Delinquency Rates on Loans and Leases at Commercial Banks are spiking! Credit Card delinquencies up! All consumer loan deliquesces are up! Delinquency Rate on All Loans, All Commercial Banks is up! https://dismal-jellyfish.com/banks-alert-delinquency-rates-surge/ h/t Dismal-Jellyfish
by confoundedinterest17 Shape of things in the US economy. But a better tune to descible what is happening is over, under, sideways down. For example, look at this chart of loans and leases at commercial banks, since last year (YoY). The growth rate is plunging rapidly. Of course, M2 Money growth has already crashed. Loan delinquenices? …
We’re canceling all remaining oil and gas leases issued under the previous administration in the Arctic Refuge and protecting more than 13 million acres in the Western Arctic. As the climate crisis warms the Arctic, we have a responsibility to protect this treasured region for… — Joe Biden (@JoeBiden) September 7, 2023 What you’re really …