Independent thinking for complex markets and current events
When banks and companies extend $1 trillion in credit card debt and struggle to collect, it has far-reaching consequences. It leads to substantial financial losses, impacting profitability and lending capacity. Shareholders and investors witness a decline in the value of their stocks or company shares, affecting market value as seen with $C, $GS, and $BAC. …
BREAKING: Massive explosion at a chemical plant in Shepherd, Texas, residents ordered to shelter pic.twitter.com/7csSMETw7S — Insider Paper (@TheInsiderPaper) November 8, 2023 https://twitter.com/_/status/1722289650276929855 https://twitter.com/_/status/1722292054640771380 SHEPHERD, Texas (KIAH) — Multiple explosions are being reported in Shepherd, Texas that started with one at a chemical plant on FM 1127 Wednesday morning. The Montgomery County Police Reporter said …
S&P 500 earnings revision breadth going deeply negative means that a substantial number of companies in the S&P 500 index are revising their earnings forecasts downward, signaling potential challenges and contributing to market concerns. Uh oh. S&P 500 earnings revision breadth has gone deeply negative. 🫤 pic.twitter.com/timlZF3xV6 — Markets & Mayhem (@Mayhem4Markets) November 6, 2023 …
Billionaire investor Stan Druckenmiller, known for his market insights, is making significant moves by taking “massive” bullish positions in two-year notes. His actions come as growing worries about the economy loom on the horizon. Recent data showing a spike in youth unemployment during September and October is ringing alarm bells, historically indicative of past recessions. …
by demonbeanie The banking system is facilitated by uncollateralized debt; fractional reserve banking, which had seen the reduction of the reserve requirements to 0% in 2020. https://www.federalreserve.gov/monetarypolicy/reservereq.htm On your bank’s balance sheet, there are assets labeled “cash on hand,” which includes cash and cash equivalents which is physical dollars, MM accounts, CDs, Short-term gov bonds, and …
https://twitter.com/_/status/172093544476904662 There’s a contingent of Biden staffers protesting here at the demonstration in DC. The crowd stretches from Freedom Plaza to the Capitol and beyond. pic.twitter.com/Px1JTWU5qG — The Indypendent (@TheIndypendent) November 4, 2023 🇺🇸Demonstration in support of Palestine in the capital (Washington, DC) pic.twitter.com/nQiSEyzIZs — OSINT Expert (@OsintExperts) November 4, 2023 I’m receiving very concerning …
They don’t like the idea. AC
The world stands on the precipice of a daunting financial crisis as global debt skyrockets, reaching an astonishing $235 trillion. Over the past 15 years, this sum has surged by 32%, propelled by the allure of low borrowing costs. It is a ticking time bomb that has pushed countries, including economic giants like the U.S. …
by confoundedinterest17 Appartently, Joe Biden and fellow big spenders in Washington DC, Mordor on The Potomac, don’t care about fiscal discipline. With seemingly endless spending of wars (Ukraine, Israel, Taiwan and the invasion at our southern border, and inane “green” spending, Janet Yellen and the US Treasury will be auctioning off $776 billion of debt in the …
BREAKING NEWS THE SWISS CENTRAL BANK HAS POSTED A $13.36 BILLION LOSS FOR THE THIRD QUARTER Welcome to Hollywood. — Gold Telegraph ⚡ (@GoldTelegraph_) October 31, 2023 A tragic comedy. "On Monday, the SNB said it was reducing this interest after costs soared since negative rates turned positive in Sept. 2022…"https://t.co/94GgdqhMK9 — Gold Telegraph ⚡ …
https://www.youtube.com/watch?v=36ZLBikdfLw Disney is on track to be the first studio to collapse amid unprecedented financial problems, a new report reveals. The mammoth entertainment company just turned 100, and investors are worried it’s starting to show its age. Nearly all segments of the business are underperforming right now, with box-office results going from bad to worse, …
Russia says to have successfully tested its ability to deliver a massive retaliatory nuclear strike by land, sea and air. The test launch of missiles was from a land-based silo, a nuclear submarine, and from long-range bomber aircraft. Defense Minister Sergei Shoigu called it a rehearsal for “a massive nuclear strike” in response to an …
“Massive Attack guitarist Angelo Bruschini has died just months after being diagnosed with lung cancer. His passing was announced by the band on X, formerly known as Twitter, who said: “A singularly brilliant and eccentric talent. “Impossible to quantify your contribution to the Massive Attack canon. How lucky we were to share such a life …
https://www.youtube.com/watch?v=wvS8Hj5P3Dc Bank executives are warning about unprecedented risks in the financial system. According to JPMorgan Chase CEO Jamie Dimon, banks are bracing for worst-case scenarios as higher interest rates elevate the risk of failures and losses in the months ahead. Americans should pay very close attention to what happens next because the turbulence will affect …
JUST IN – Massive airstrike just hit western Gazapic.twitter.com/lXseyAymUb — Insider Paper (@TheInsiderPaper) October 18, 2023
The sharp increase in credit card losses, coupled with the rise in evictions and loan delinquencies, paints a bleak picture for the economy, reminiscent of the challenging times during the Great Financial Crisis. Food Prices up Over 20%, Credit Card Delinquencies Now Higher As Credit Card Debt Grows on Inflation Despite Paul Krugman’s assurance that …
Fun fact: bank credit is now contracting! Since dollar standard (‘71), that’s only happened once before: 2008. Losses in T bonds will far worse than mortgage losses. Stocks are on the verge of a massive collapse. Fractional banking does’t work in reverse. Few. pic.twitter.com/0fzX16lYGn — Porter Stansberry (@porterstansb) October 15, 2023 Banks losses on held …
Lake City is one of the biggest manufacturers of AR-15 ammo in the US. I have a few thousand rounds of their 5.56 stashed away here. It’s all over my gun circles that they just announced a total, immediate stop to all civilians sales of AR ammo. It’s all military orders, now. Lake City is …
New Zealand voters have overwhelmingly rejected the Labour government, with the National party gaining significant support, signaling a major shift towards right-leaning politics in the country. This marks a stark contrast to the previous election when the Labour party, led by Jacinda Ardern, secured a significant victory. New Zealand abandons Labour and shifts to the …
by mark000 In August 2008 what was about to happen? A GFC and the plunge stage of the Great Recession. And 99% of people were blissfully unaware even as the other 1% could see it inevitable arrival, just waiting for when. It is the same situation right now, October 2023. 🔴 IMF'S MANAGING DIRECTOR GEORGIEVA: …
John Kirby’s acknowledgment that U.S. funding for Ukraine is running out raises concerns about the country’s support. This might suggest a shift in U.S. priorities, with potential implications for Ukraine’s situation in the global context. 🔥MASSIVE🔥 John Kirby admits that funding for Ukraine “is coming to the end of the rope”. It appears the US …
⚡️Seems like a very large number of drones are now flying out of Lebanon towards “Isreal” pic.twitter.com/iReKIH6f5b — War Monitor (@WarMonitors) October 11, 2023 First Lebanon, and eventually Iran. That’s the end game, and it will be WWIII. You’d best educate yourself on how today’s war would look. Tens of thousands of American hating fighters …
by Michael Fifty years after the Yom Kippur War began, Israel is at war again, and preparations are being made right now for an absolutely massive ground invasion of Gaza. According to Google, the Yom Kippur War started on October 6th, 1973. The war with Hamas started on October 7th, 2023, and it could quickly …
https://www.cnbc.com/amp/2023/10/09/brent-wti-prices-jump-after-hamas-attack-on-israel.html
Global economy’s glide to ‘soft landing’ gets bumpy as bond yields jump WASHINGTON, Oct 6 (Reuters) – Rocketing U.S. government bond yields that have led to a global jump in borrowing costs are raising new risks for economic policymakers hoping to lower inflation without triggering a major crisis. The world’s finance officials, who will gather …
Was Douglas Durst's strange post on his US Debt Clock website a warning of what is to come? The post appeared the night before markets began panicking about Japan on October 2nd, 2023. pic.twitter.com/D4PMG0IdMc — Financelot (@FinanceLancelot) October 5, 2023 The stock market fear and greed index is in extreme fear: pic.twitter.com/phA81ALBhu — unusual_whales (@unusual_whales) …
This one is going to hurt. The UAW strike is having a massive impact on trucking volumes. I haven't seen this big of a drop in trucking contract volumes outside of a holiday since the start of COVID. Contracted load volumes are down over 12%. https://t.co/7Kd2M98QnO pic.twitter.com/1aD3gwJ9Qt — Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) October 4, 2023
Diversity has consequences… Even all of that BLM blackmail money can’t save them from the consequences. And Target is a BIG financial supporter of the “Defund The Police” movement “We cannot continue operating these stores because theft and organized retail crime are threatening the safety of our team and guests, and contributing to unsustainable business …
https://twitter.com/_/status/1706028139749446113 Blackout in St.Petersburg, Russia. pic.twitter.com/G8FQraxBj5 — Shadow of Ezra (@ShadowofEzra) September 24, 2023 After an explosion in the airport of Saint Petersburg, #Russia, some areas of the city have lost power and water. TG: https://t.co/GyDoYz3D4J — 🇺🇦🔶 (@Global_Guy007) September 24, 2023 https://twitter.com/_/status/1706012611903394260 AC
Even China’s 1.4 billion population can’t fill all its vacant homes, former official says Unsold, completed: ~7.2 million homes, according to Reuters calculations, based on the average home size of 90 square metres. That does not count: the numerous residential projects that have already been sold but not yet completed due to cash-flow problems or …