Independent thinking for complex markets and current events
This is Beijing’s most known rotten-tailed shopping district, the Shimao Gongsan Shopping Center. So far, it hasn’t been able to find a company willing to take over the project. It has been depressed, doing poor business for many years. In fact, its location is great. Across the road is the famous Sanlitun Bar Street, which …
by TyreeThaGod The next time some financial expert from the New York Times tells you how terrible it is that you have a 401(k) that you control instead a pension, remember this. https://www.msn.com/en-us/money/personalfinance/pensions-piled-into-private-equity-now-they-can-t-get-out/ar-BB1ogPlM Pensions piled into private equity, now they can’t get out Private-equity and pension funds seemed like a match made in heaven. U.S. …
by confoundedinterest17 We’re going down! Moments ago the University of Michigan released the latest “report card” on Bidenomics, and to nobody’s surprise – except perhaps a certain senile teleprompter reading, diaper-wearing puppet in the White House – it was another disaster. One month after the May Consumer Sentiment printed at a record 7-sigma miss to expectations, consumer …
It appears that there is a significant decline in China’s M1 money supply growth rate. According to the data and tweets provided, the M1 money supply in China has been decreasing since June 2023, with the most recent figures showing a 4.2% year-on-year decline in May 2024. This is a notable shift from the previous …
In a shocking revelation, Rep. Thomas Massie has brought to light Congress’s extensive use of a $17 million hush money fund to settle sexual misconduct claims. The uproar intensifies as questions arise over whether these payments constitute a blatant violation of campaign finance laws, echoing accusations faced by former President Trump. “Congress has paid over …
BREAKING: Rosbank’s website is down. Customers can’t login. Multiple Russian banks are preventing clients from logging in because they don’t have liquidity to give clients their money, due to new US sanctions. Is this the start of a Russian bank run? pic.twitter.com/swI1LUv7st — Visegrád 24 (@visegrad24) June 13, 2024 Russian banks limitingTransactions#Russia #Finance #RussianBanks#RubleToDust https://t.co/pyyYDQP9Tu …
Kevin Spacey breaks down in tears, revealing that his property is facing foreclosure. His house will be sold and auctioned. Kevin Spacey has no idea where he will live now and admits that he has no money. Kevin Spacey visited Africa with Jeffrey Epstein along with Chris Tucker… pic.twitter.com/lGVJXUMTYA — Shadow of Ezra (@ShadowofEzra) June …
Montana Democratic Senator Jon Tester Quietly Taking Money from Anti-gun PAC Ammoland Inc. Posted on June 10, 2024 by Lee Williams Three-term U.S. Senator Jon Tester, D-Montana, is in a fight for his political life. Tester’s Republican challenger, Tim Sheehy, a Navy SEAL combat veteran, has received strong support from GOP leadership and an endorsement …
How much goes into whose pockets-looks more like another boondoggle In Berlin, a guarantee agreement was signed between the German and Ukrainian sides for a loan of 30.4 million euros. These funds from the German government will be directed through the German Development Bank (KfW) to enhance the reliability of Ukraine’s energy infrastructure, according …
Australian businesses and companies could soon cop huge fines if they don’t accept or carry cash. Politicians Andrew Gee and Bob Katter have introduced a bill that aims to keep physical money in circulation. With the rise of digital payments and wallets, the use of cash has been declining rapidly over the last few years. …
Cash often distributed through outside aide organizations A federal watchdog report reveals that after America had been at war with the Taliban for two decades, the Joe Biden administration now has delivered at least $11 million in U.S. taxpayer funds to the terrorists. Probably much more. A Center Square report posted at Just the News …
AMERICAN drivers with electric vehicles and hybrids will be hit with a $178 surcharge as a part of a new transportation bill. Vermont EV and hybrid owners are hit with a fee implemented to make up for a loss in revenue from gas tax money. The payment for car owners with batteries is because fully …
Outflows from IT funds keep trending up over the last four weeks. Don’t be left holding the bag. This week, both hardware (Dell) and software (CRM) imploded. And AI had a mid-week reversal of fortune. The chart of the week: pic.twitter.com/05yPzHnfRz — Mac10 (@SuburbanDrone) May 31, 2024 Dropping like flies . Market darlings to ugly …
That’s really sad. This person probably would have lost the money with another form of gambling, crypto is just a fast way to do it. h/t NewSchoolBoxer
California Democrat Rep. Adam Schiff, a top client of Trump Trial Judge Juan Merchan’s daughter Loren Merchan, immediately began trying to raise money off of the guilty verdict against the former president. A Trump campaign official posted Schiff’s campaign email sent after the verdict came down Tuesday. Corrupt and Conflicted Judge Juan Merchan’s daughter is …
In a striking display of political disparity, Democrats have successfully convicted Donald Trump on 34 felony counts. Meanwhile, Congressman Byron Donalds unveils a web of deception involving over 20 shell companies linked to Joe Biden and Hunter Biden, allegedly used for money laundering. The revelation underscores America’s two-tier justice system, where political influence skews legal …
President Trump Speaking After Guilty Verdict: “The Public Understands, This is a Scam”
"The US Money Supply increased 0.6% over the last year, the first YoY increase since November 2022."@charliebilello pic.twitter.com/rTzxsK3vss — Daily Chartbook (@dailychartbook) May 29, 2024 Household 🏠 Consumption 🛍 Forecast 📈 pic.twitter.com/atBXfBAgLV — Win Smart, CFA (@WinfieldSmart) May 28, 2024
We just appointed the first Parliamentary Secretary for Men's Behaviour in Australia — Jacinta Allan (@JacintaAllanMP) May 28, 2024 I want to share with you some pretty big news. Premier @JacintaAllanMP has asked me to serve as the Parliamentary Secretary for Men’s Behaviour Change, a national first. pic.twitter.com/QJBzJO3UGE — Tim Richardson MP (@TimRichardsonMP) May 28, …
With Nvidia holding all the headlines hostage this week, two things came to light yesterday. This is no longer a one stock stock market and the reboot of another mass exit. Yesterday even though Nvidia was up most of the day, the power of the other 99 stocks in the S&P 100 going down against …
by confoundedinterest17 Money, money! The various talking heads from The Federal Reserve keep jawboning about whether to raise rates or not. One of the major drivers of inflation is … money. M2 Money growth YoY is growing again (blue line)! And with it, inflation has been rekindled. Mortgage rates? There is a lag between M2 …
You can see the obvious impact of employment on casino gambling revenue in our casino gaming revenue index currently being constructed. pic.twitter.com/79rBybz3Vl — Don Johnson (@DonMiami3) May 20, 2024
Despite ongoing consumer pessimism, spending remains surprisingly robust. Economist Joanne Hsu, director of the University of Michigan’s consumer sentiment survey, provided insights into this paradox, attributing it to a shift in consumer behavior driven by high prices and interest rates. Key Points Americans are abandoning traditional saving goals due to perceived unattainability. Aspirational goals such …
Isn’t it ironic that the United States’ most monumental infrastructure projects were completed before the government acquired the unlimited ability to print money in 1971? Since then, what little infrastructure has been built comes at comically inflated prices. An example of how we’re getting less infrastructure for our money and time these days: https://t.co/LJwrNwpszj — …
by James Hickman Social Security’s annual trust fund report was released yesterday… and, no surprise, the report states very clearly that trust fund balances “are projected to become depleted during 2033.” Allow me to repeat that: Social Security’s most important trust fund will run out of money in nine years. This is a fact, not …
If 41% of companies in the Russell 2000 cannot make money during good times, what will happen during next recession? pic.twitter.com/CKi2d73IK1 — Michael A. Arouet (@MichaelAArouet) May 11, 2024
California’s recent minimum wage hike, especially for restaurant workers, has sparked significant challenges for the industry. Restaurant owners, including those at popular chains like Chipotle and McDonald’s, are grappling with operational and financial adjustments to stay competitive while meeting increased labor costs. Who could have predicted that? It’s not like economists have been warning about …
In a revelation that shatters conventional wisdom, the correlation between the S&P 500 performance and the Fed’s balance sheet since the Global Financial Crisis remains eerily stagnant. Beneath the surface lies a stark truth: the apparent market growth is a mirage, sustained solely by the relentless influx of liquidity orchestrated by central banks. As the …
Alina Habba in the last hour. This is hilarious. Judge Engoron doesn't even understand Money Market funds. Agreement reached on Trump $175 million bond.pic.twitter.com/CJwUR04VNl — Citizen Free Press (@CitizenFreePres) April 22, 2024
