Independent thinking for complex markets and current events
Due to the housing bubble, much higher interest rates, banking crisis and the softening economy. The middle class are being thrown to the curb on house ownership. You will own nothing. These are medians, people Sure, everyone knows a plumber foreman, nurse practitioner, construction manager, and tenured teacher making bank That is not the NORM …
https://twitter.com/JamesMelville/status/1688886062523801603 https://twitter.com/BernieSpofforth/status/1688807682658951168
https://twitter.com/texasrunnerDFW/status/1686187300516954112 EVERYTHING IS GOING SWIMMINGLY: Car Loans Tougher to Get, More People Getting Rejected by Lenders. https://twitter.com/1200616796295847936/status/1686034230470451201 The total for all commercial properties that were in distress was $72 billion, in the US, up 13% from the first quarter, per Bloomberg. pic.twitter.com/rG3DWoF14z — unusual_whales (@unusual_whales) July 31, 2023 Tech bulls are right, this is not 1999. …
via Michael Lebowitz: Jerome Powell and his colleagues endlessly reassert their “higher for longer” plan for interest rates. They aim to weaken economic growth, bringing inflation back to pre-pandemic levels. The Fed has little choice because the government can’t afford the Fed’s higher for longer stance for much longer! In the past few months, we …
https://twitter.com/BernieSpofforth/status/1683732911382560768 As the climate & netzero scams go into overdrive say bye-bye to your current way of life – unless you are rich of course, then you can do as you please. – a road usage charge of around €0.75/km is about to be introduced in Ireland. This will make car-travel unaffordable… pic.twitter.com/ciZoeAtq0Y — KB …
Dumb leftists mayors started this “sanctuary city” nonsense to spite Trump back in 2017. Now it’s blowing up in their faces. Play stupid games, win stupid prizes. https://www.foxnews.com/media/nyc-mocked-discouraging-migrants-seek-asylum-no-longer-sanctuary-city.amp https://www.youtube.com/watch?v=YxzLEH2QOzM h/t EuphoricTrilby
2/ Rising bankruptcies coincides with bond yields hitting 4%, a level previously associated with the Silicon Valley Bank collapse and UK pension fund crisis pic.twitter.com/tcC6aBY9UD — Bravos Research (@bravosresearch) July 20, 2023 4/ A Deutsche Bank survey indicates that over half of market professionals anticipate market stress due to higher rates While 20% foresee minimal …
AAA will not renew the auto and home insurance policies for some customers in Florida, joining a growing list of insurers dialing back their presence in the Sunshine State amid a growing risk of natural disasters. “Unfortunately, Florida’s insurance market has become challenging in recent years,” the company said in a statement emailed to CBS …
Source: https://www.cnbc.com/2023/07/12/disney-extends-ceo-bob-igers-contract-through-2026-two-years-longer-than-planned.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard As a non-shareholder, I just can’t help but cringe at Disney’s current situation. Everyone lauded Bob Iger until it became obvious all the guy knew was overpaying for existing IP. That style of “growth” blew up in his face with the recent Fox acquisition, and not having built up a strong successor. Flash forward …
via mishtalk: Interest rate odds still imply no rate cut by the Fed until March of 2024 despite year-over-year CPI inflation falling to 3.0 percent. Higher for Longer According to CME Fedwatch, the first rate cut will not be until March of 2024. CME data represents the futures and options positioning of traders. Only recently did …
The Bloomberg dollar index has fallen to the weakest vs peer currencies in more than a year. pic.twitter.com/yA8jmUJwsc — Lisa Abramowicz (@lisaabramowicz1) July 13, 2023 DXY has broken down to new 52-week lows Reaching levels seen in April 2022 pic.twitter.com/HYpmPEae0s — Bravos Research (@bravosresearch) July 13, 2023 h/t SilverStorey
Bud Light is no longer ranked amongst the top 10 in the US after the Dylan Mulvaney marketing disaster, a survey has found. In a new YouGov poll, which asked 1,468 people, the public approval of the beer slumped so much it fell out of the top ten. While the proportion of Americans who ‘liked’ …
L.A. County, California has now ruled that cops will no longer be allowed to arrest people for “minor” non-violent crimes like battery, robbery, etc. Furthermore, those currently imprisoned for committing these offenses will be released from jail without having to pay bail, awaiting their arraignment date. How does battery qualify as a non-violent crime? Hmm. …
⚡️Wagner will no longer fight in Ukraine — Budanov — War Monitor (@WarMonitors) June 29, 2023 BREAKING: Wagner Group chief Prigozhin declines to sign contracts with Russia's Ministry of Defence and therefore his fighters will not take part in the Ukraine conflict — The Spectator Index (@spectatorindex) June 29, 2023 The Russian defense terminates the …
Meta will block Canadian news access before Bill C-18, the Online News Act, takes effect. The law requires tech giants like Meta and Google to pay news outlets for their journalism. Meta threatens to end news access for Canadian Facebook and Instagram users due to Bill C-18, testing for small percentages. Welcome to the jungle. …
by Dismal-Jellyfish Source: https://www.bankofcanada.ca/2023/06/summary-governing-council-deliberations-fixed-announcement-date-june-7-2023/ Highlights: “the economy remained clearly in excess demand and that the rebalancing of supply and demand was likely to take longer than previously expected.” “members felt that enough data had accumulated to convince them that more restrictive policy was needed.” Growth of gross domestic product (GDP) in the first quarter was …
Get woke, go broke? Musk’s daughter, whose new name is Vivian Wilson, asked the court to change her name to agree with her gender identity “I no longer live with or wish to be related to my biological father in any way, shape or form. Care to comment Elon? https://twitter.com/AnonOpsUnited2/status/1663180962694406144?ref_src=twsrc%5Etfw h/t BFD