Independent thinking for complex markets and current events
Pressure is starting to show up in places people do not usually look first, and the numbers behind it suggest households and small businesses are both getting pulled tighter at the same time. Middle class Americans are selling plasma to make ends meet while small businesses are dealing with rising cost pressures tied to tariffs …
California will be bankrupt by 2030. If you’re expecting a state pension, it is at risk. If you don’t believe it, check Grok or Gemini and explore how California politicians changed the reporting rules on your pension so they could hide how underwater it is. The middle class citizens of California will soon be asked …
Prices Rising Rapidly byu/Katariman ininflation Home Depot just became the latest major retailer to warn that the slowdown in consumer spending is spreading. The home improvement cut its full-year outlook on Tuesday, reporting weakening sales growth for Q3. Comparable sales — a key measure that strips out new store openings — rose by just 0.2% …
Credit scores are collapsing faster than at any time since the Great Recession, and the warning lights are flashing across every corner of the economy. Millions are now falling behind on car loans, credit cards, and personal loans, revealing how fragile the so-called recovery really is. “Credit scores are falling at the fastest pace since …
The impact of inflation has been particularly challenging for middle-class Americans. As prices surged, their income growth failed to keep pace, resulting in a strain on their ability to maintain their desired lifestyle. In fact, 72% of middle-income families now report that their earnings are falling behind the cost of living, up from 68% a year ago. Additionally, 74% say …
67% of middle-class Americans express concern that their income isn’t keeping pace with the rising cost of living. This situation has led to what JPMorgan analyst Matthew Boss calls a “selective recession.” While upper-income consumers fare better, lower-income Americans are struggling to make ends meet due to elevated prices and dwindling savings. The pressure persists as inflation continues, …
Amidst a surge in IRS audits targeting taxpayers with incomes under $200,000, the middle-class finds itself increasingly in the agency’s crosshairs. With audit rates soaring and reforms faltering, understanding the audit process has never been more crucial for taxpayers. Key Points: Despite President Biden’s mandate to audit more ultra-wealthy individuals, recent data reveals that the …
Earlier this month, a Beijing-based franchise of a well-known gold brand was sued for fraud in a scheme that had allegedly cheated more than 70 investors out of over 60kg (132 pounds) of gold, the National Business Daily reported late last month. The case is ongoing. Some victims claimed they had invested in gold bars …
One problem is that they allow residential condos and housing to be bought by off shore individuals, which then sit vacant or be used as short term rentals. This money is coming from places like HK and Macau. It's driven up prices on the west coast and Toronto for that matter to… — Croxxed Out …
https://twitter.com/WallStreetSilv/status/1737145060959928766 In an unsettling development reminiscent of times not seen since the Great Depression, a new phenomenon is sweeping across Canada, leaving fully employed carpenters and nurses living in their cars in parking lots. This distressing reality, unimaginable just eight years ago, signals a concerning shift in the socioeconomic landscape. The heart-wrenching truth is that …
Want to know why housing prices are unaffordable? 1) Low interest money printing by the Federal Reserve the past few years 2) BlackRock, WEF banks, and hedge funds intentionally buying up single family homes so “you’ll own nothing and be happy” by 2030 3) Record illegal alien… https://t.co/yxxAfrMUlh — DC_Draino (@DC_Draino) December 12, 2023 80% …
Reality is all that previous excessive money printing has goosed up prices far above the long term core trend. And only a hard landing would even have a shot at bringing it back to trend, otherwise the future is clear: Permanent higher prices and cost of living with wages not having kept up. And the …
Inflation is rocketing again, lumber/housing prepping to get crushed pic.twitter.com/bNXL7LByYM — Darth Powell (@VladTheInflator) August 7, 2023 ⚠️INFLATION⚠️ Cost for US middle-class family of four outstripping median male income. In 1985… ◼️Costs: $17,586/yr◼️Income: $23,036/yr◼️Net: +$5,450/yr In 2022… ◼️Cost: $75,732◼️Income: $63,388/yr◼️Net: -$12,344/yr h/t @LizAnnSonders @AmerCompass pic.twitter.com/TVqfc5POXA — Hedgeye (@Hedgeye) August 7, 2023 First-time homebuyers must now …
In April, out of the 1.1 million listings on the market, middle-income buyers could only afford approximately 23% of them. Read more: https://t.co/pxwjiRR5xA — unusual_whales (@unusual_whales) July 27, 2023