A hub for independent voices and hard truths
Key takeaways Youth Unemployment Spike: Remote-eligible roles like software engineering and financial analysis have caused unemployment for college grads under 29 to rise from 3.1% to 3.7%, while older workers’ rates declined. Mentorship Gap: In-person feedback boosts young workers’ productivity …
NEW: The International Energy Agency chief is sounding the alarm that Europe is running out of fuel due to the Strait of Hormuz blockade: "We have maybe 6 weeks or so of jet fuel left… I can tell you soon …
Saudi Fund to Back Away From LIV Golf Under Mounting Financial Pressures The Saudi league, established in 2022, attracted some of the sport’s biggest stars with huge contracts. Saudi Arabia’s sovereign wealth fund is on the verge of announcing it …
March 27 looks like a make-or-break day for American travelers and the partial government shutdown TSA wait times are ramping up as the partial government shutdown persists — but pain points on March 27 could end it The ongoing partial …
by confoundedinterest17 The Fed will have to whip it good with rate cuts if the recession warnings are an indicator of what lies ahead for the US economy. The ratio of The Conference Board’s Leading Economic Indicators (LEI) vs. The Conference Board’s …
Republicans are working hard to keep Cory Mills in office. Not because he is innocent. They need his vote. The Florida congressman faces serious accusations. These include threatening revenge porn, assaulting a woman in his Washington apartment, lying about his …
Musk-Trump feud sinks company cash plans The 12.5% yield on xAI's $3B Notes signals high risk, down from a $20B cash raise, amid financial strain post-Musk-Trump spat. xAI's $33B X Corp buy (plus $12B debt) & Memphis turbine issues & …
The damage to the economy is becoming undeniable as we face government layoffs, spending cuts, tariffs, and increasingly strained international relations. The Trump administration’s policies have angered some of our closest allies, deported countless individuals, and led to the harassment …
The downside of Trump backing away from tariffs is that there will not be an offset to the income tax cuts or net spending increases that are coming soon. That means larger budget deficits and higher inflation to finance the …
Here comes Chinese central bank bond buying, but this is no QE. A report surfaced in China Daily strongly implying the Chinese government is beyond just exploring something called money-financed fiscal expansion. We’ll go over what that is, how it …
Traders build largest short position on Emerging Market Dollar Bonds in more than a decade pic.twitter.com/U9o9M39LYF — Win Smart, CFA (@WinfieldSmart) April 10, 2024 The recent financial tremors emanating from China have sent shockwaves through global markets. Traders are exhibiting …
The US high-yield bond market is currently facing its swiftest sell-off since March, triggering concerns reminiscent of worries about a banking-market collapse. Spreads in this market have widened by almost half a percentage point since December 28, marking the fastest …
Despite being the highest-earning generation, millennials grapple with a stark reality – their wealth lags significantly behind. The rising cost of living, outpacing wage growth, is a key culprit, creating financial strains on this demographic. Notably, prices have surged, with …
A sudden spike in SOFR (Secured Overnight Financing Rate) points to a mounting reserve shortage and an overnight repo spike, surprising many as SOFR printed at 5.39% on Friday. This departure from the market’s accustomed pattern, where overnight Repo GC …
by GreggraffinCI https://fredblog.stlouisfed.org/2023/12/three-measures-of-us-credit-card-debt/#:~:text=In%202023%2C%20outstanding%20credit%20card,for%20consumer%20spending%20going%20forward. From a disposable income standpoint the Fed data agrees that the consumer is better able to service their debt now than they ever have. That peaked during the stimmie checks but that gap has closed from -25% …
On Sunday NBC News reported that Mike Pence is low on cash. He raised only $3.3 million in the third quarter and has little cash on hand. Pence was forced to invest $150,000 of his own money to his campaign. …
The current situation in the US financial landscape is a cause for concern. It has been known that the top 5 US banks are over-leveraged, which can be a recipe for disaster. Over-leveraging can make these banks vulnerable to financial …
S&P Global Ratings revealed that corporate defaults reached a total of 16 in August. Read more: https://t.co/9aNUPiiD0A — unusual_whales (@unusual_whales) September 13, 2023 Providing a visual pic.twitter.com/jTSPphi6pz — Bravos Research (@bravosresearch) September 13, 2023 The sudden shifts in consumer behavior …
by Dismal-Jellyfish Reminder, while banks have the liquidity fairy, ‘we’ get the promise of 2 more rate hikes this year, Atlanta Fed President Raphael Bostic yet again enrichens himself inappropriately from his position. What I want to talk about this afternoon is–Commercial and …
Biden’s Attorney General Merrick Garland rushed out his special counsel’s indictment of former President Trump on the same day to distract attention from Biden’s corruption. It’s no coincidence that the Donald Trump indictment was announced on the same day the …