Independent thinking for complex markets and current events
via notayesmanseconomics The last few days have brought something rather significant in the financial economy of Japan. It was highlighted this morning by the Ministry of Finance issuing some ten-year Japanese Government Bonds at a yield of 1.05% on average. So Japan has issued a decent tranche of benchmark ten-year bonds (2.6 trillion Yen) at …
Disney’s Pixar division is in deep, deep trouble. Flop after flop after flop has plagued this once infallible brand, which leaves the single option a Hollywood that has run entirely out of fresh ideas and talent has: reboots and sequels… [Pixar president Jim] Morris’ strategy to turn things around involves balancing original movie ideas with …
This looming capital need suggests a potential liquidity crunch on the horizon, exacerbated by stress indicators such as a high Fed funds rate and a sharp decline in private credit fundraising, reflecting levels not seen since 2020. BANKING CRISIS 3.0🚨 Chart depicts double top for a reason. Stressed banks"More than 280 U.S. banks with nearly …
"The FDIC shows how CRE concentration risk lives in banks *under* $100 billion—but the big office losses have been have been absorbed by the banks over $100bn."@stevenkelly49 pic.twitter.com/guwin1ehhn — Daily Chartbook (@dailychartbook) May 29, 2024 🚨CRASH ALERT 🚨 update : Compare May 13th VS today. Scary ? You decide. https://t.co/3oGfjOUW2Q pic.twitter.com/JIhWyqEgSx — The Great Martis …
For the first time since the financial crisis, top-rated bonds backed by commercial real estate debt are suffering catastrophic losses. Investors in a $308 million note tied to the 1740 Broadway building received less than three-quarters of their original investment after the loan sold at a steep discount, marking a grim milestone in the post-crisis …
Monetary policy is about to explode and the losses will be unprecedented. pic.twitter.com/iTny7fHPSi — Mac10 (@SuburbanDrone) May 15, 2024 S&P 500 hits all-time high in hope for rate cuts But the US economy has: 1) 37 MONTHS OF INFLATION ABOVE 3% 2) Plummeting consumer confidence and sentiment 3) $2 trillion deficits 4) $34.6T NATIONAL DEBT …
Clothing retailer Rue21 has filed for Chapter 11 bankruptcy, leading to the closure of all 543 of its U.S. stores within the next two months. The company plans to conduct large “going out of business” sales and sell its intellectual property. Sam Ash, a music store chain, is also closing all its remaining stores, resulting …
BREAKING NEWS THE SWISS GOVERNMENT SAYS UBS MAY HAVE TO FIND AS MUCH AS $27 BILLION TO ABSORB POTENTIAL LOSSES AND PROTECT TAXPAYERS FROM EVER HAVING TO BAIL OUT A MAJOR BANK. I said the movie was not over. — Gold Telegraph ⚡ (@GoldTelegraph_) April 26, 2024 A year after the failure of Credit Suisse, …
U.S. Banks finished the year with almost $400 billion of unrealized losses on held-to-maturity assets pic.twitter.com/1JV7N8UCqe — Win Smart, CFA (@WinfieldSmart) April 25, 2024
The ripple effects of California’s $20 minimum wage hike are becoming increasingly evident, with fast food restaurants across the state grappling with job cuts and price increases, further burdening businesses, workers, and consumers alike. California’s minimum wage increase to $20/hour has led to job losses, reduced working hours, restaurant closures, and higher prices. Fast food …
Another week, another one or two billion dollars in losses at our central bank – Powell & Co. are the worst…@alifarhat79 pic.twitter.com/ltjqJjsDei — E.J. Antoni, Ph.D. (@RealEJAntoni) April 15, 2024
https://wallstreetonparade.com/2024/04/for-the-first-time-in-history-the-fed-is-reporting-billions-in-losses-weekly-its-still-paying-high-interest-income-to-the-mega-banks-on-wall-street/ The Federal Reserve is losing billions of dollars weekly for the first time ever. Here’s the breakdown: The Problem: The Fed gets low interest (~2%) on the massive amount of bonds it bought during economic stimulus programs (QE). However, they pay high interest rates (over 5%) to big banks for parking cash with them. This leads …
Staggering stat from the WSJ. Banks are doing some serious can kicking so they don’t have to mark down losses on loans Only 25% of CRE loans were paid in full. Where are the regulators to end this BS? Lenders have the banks by the balls. The whole thing is a giant sham pic.twitter.com/Ns7tEGuBYI — …
🍿POPCORN ALERT 🍿#JustDarioDaily ⚠️IS IT FINALLY $VIX SHOWTIME?👀 TL;DR: we discussed a lot about the risks of a “Volmageddon” to strike again, potentially much harder than in 2018. Is this about to happen? Full article in link👇🏻https://t.co/GeO8sjKbFa — JustDario 🏊♂️ (@DarioCpx) April 5, 2024 Banks don't keep all their cash in a vault – they …
Health insurers are tumbling after US regulators didn’t boost payments for private Medicare plans. Only once in the past 10 years have final rates not improved from regulators’ initial proposals, according to research from JPMorgan.https://t.co/MIU1gEyqyD by @jtozz pic.twitter.com/uEKgtIlwcS — Tracy Alloway (@tracyalloway) April 2, 2024
Federal Reserve Chair Jerome Powell said Thursday he expects to see some banks fail due to their exposure to the commercial real estate sector, which has declined significantly in value following the shift to remote work. Powell said the banks that are in trouble with falling office space and retail assets are not the …
The timing couldn’t be worse for Donald Trump as he faces the prospect of having to sell property to cover a massive verdict against him. The former president said in a court filing Wednesday he may soon need “to raise capital under exigent circumstances” to push ahead with an appeal of New York state’s $454 …
The current administration’s job growth calculation includes multiple part-time jobs, highlighting a flawed system. Payrolls may show growth, but considering full-time and part-time workers separately reveals a nuanced reality. If you lose your full time job and have to take 2 or 3 part time jobs to keep paying your mortgage, the current administration counts …
London CNN — Nearly a year on from a banking crisis that led to the collapse of three US regional lenders and the emergency takeover of Credit Suisse in Europe, a fresh chill is running through banks as far apart as New York, Tokyo and Zurich. Common to all of them — mounting losses on …
In a recent video on the YouTube channel “The Electric Viking” by Sam Evans, alarming news about the Chinese electric vehicle market has emerged. The video shared that over the past four months, four different Chinese EV manufacturers and one major automotive group with hundreds of dealerships in China have declared bankruptcy, raising concerns about …
The ailing office market is headed for $1 trillion of losses, billionaire and Starwood Capital CEO Barry Sternlicht said. Per Bloomberg, Sternlicht said at the Global Alts conference in Miami Beach that US office properties, once a $3 trillion market, are worth about $1.8 trillion now. The cratering values have been the result of remote work being …
The allure of short-term rentals like Airbnb can be tempting, but a new owner recently faced a harsh reality. Despite her property being consistently booked, the financial picture told a different story. New AIRBNB owner was advised to sell her property after only 4 months because even though it was completely booked she was losing …
Fed reports its largest loss in history: $114 billion in a single year. That would be the third largest bankruptcy in American history. And there's still another trillion plus in "unrealized" losses. Who'll pay for it? You. And your children. pic.twitter.com/xKfKWDcG4K — Peter St Onge, Ph.D. (@profstonge) January 16, 2024 U.S. Banks are facing unrealized …
As we enter 2024, once thriving US high streets are starting to resemble desolate ghost towns as America is taunted by the ever-looming threat of yet another financial crash. If the economy is thriving then why are we seeing more bank closures than ever before and why are retailers being forced to shutter many of …
Twitch, the livestreaming platform owned by Amazon, said on Wednesday that it was laying off hundreds of workers, the latest in a number of companies announcing cuts in their workforce this week. But experts tell Newsweek that the job losses do not signal that mass layoffs are set to hit the U.S. economy in the …
In a significant development, BlackRock, the world’s largest asset manager, is reportedly undergoing layoffs, marking a notable shift for the firm as it matures and reassesses its strategic focus. The move comes as BlackRock grapples with various factors, including a reported pullback from Environmental, Social, and Governance (ESG) investments and the anticipation surrounding the approval …
For years, rumors spread on social media that Steven Reece Lewis, the chief executive officer of a now-shuttered cryptocurrency hedge fund called HyperVerse, was a “fake person” who “doesn’t exist.” After its investigation, The Guardian has confirmed that no organization cited on his resume “can find any record of him.” According to The Guardian, Reece Lewis’s qualifications all appear to be falsified …
by Lapuamies I can confirm Citibank is cutting people. I have a close friend down here in Tampa, FL who works mid-level at Citibank and was just recently transferred over to a brand “newly-created” position. Not sure where he falls in the pecking order, but judging off his home and comfortable lifestyle, I’d guess his …
They keep kicking the can in that lawsuit – and they have been for 2 years. Each time that they kick the can, the costs goes up. Just like the US…banks are stuffed with these loans. The crap has hit the fan in China.When rates start going up again in the US…don't be shocked with …
