Independent thinking for complex markets and current events
Nearly 450 patients at Salem Hospital in Massachusetts may have been exposed to hepatitis B, hepatitis C and HIV due to improper administration of their IV medications, a hospital spokesperson said Thursday. The potential exposures occurred over roughly two years and involved patients who needed an endoscopy, a procedure where doctors use a small camera …
Auto loan delinquencies among subprime borrowers reached a nearly-30-year high in September of 6.1% – the highest rate since 1994, per the Fed. Read more: https://t.co/MLaHAqNcKg — unusual_whales (@unusual_whales) November 15, 2023 Auto Insurance rates are crazy…40% up in 2 years. More accidents has to be the cause. Plus the cost to repair has skyrocketed …
by TonyLiberty The US housing market is at its most unaffordable level in 39 years, with mortgage rates at record highs near 8%. Monthly principal and interest payments on a median-priced home have surpassed $2,500 for the first time since tracking began in 1975. Monthly mortgage payments now consume nearly half of the median household …
The notion of “excess savings” appears to be unraveling as the U.S. Savings Rate took a notable hit in September. We can cancel the "excess savings" idiocy In Sept, the US Savings Rate collapsed from 4.0% to 3.4%, the lowest this year, and the 4th month in a row of declines. And this is after …
Global trends are signaling a potentially more pronounced inflationary period than experienced in the past, leading to increased scrutiny of central bank strategies amid a surge in the cost of living, amplified by heightened interest rates and geopolitical uncertainty. OpEx is over and we could be on the verge of the greatest market crash we've …
Fastest Declining US Housing Markets (1-Year Drop): 1. Austin, TX: -11.6%2. Boise, ID: -8.6%3. New Orleans, LA: -8.0%4. Lake Charles, LA: -8.0%5. Phoenix, AZ: -7.0%6. Las Vegas, NV: -7.0%7. Provo, UT: -6.7%8. Reno, NV: -5.7%9. Chico, CA: -5.7%10. San Jose, CA: -5.5%… — The Kobeissi Letter (@KobeissiLetter) October 22, 2023 As mortgage rates hit 8% …
Joe Biden stumbles multiple times walking up steps ahead of speech in Philadelphia… pic.twitter.com/howoKQYihh — Rare (@Rare) October 16, 2023 h/t Coastie Patriot
via naturalnews: A new report revealed that nearly 70 percent, or more than two-thirds, of active-duty soldiers in the United States are within the overweight or obese ranges of the body mass index (BMI). This is according to Courtney Manning, a national security research fellow at the American Security Project (ASP) think tank, which released …
The last thing we need right now is a trade war. Taming inflation with skyrocketing energy prices and geopolitical conflicts is already hard enough. Unfortunately, we are taking 1 step forward and 2 steps back. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) October 17, 2023 BREAKING: The …
H/T: @TaviCosta — Barchart (@Barchart) October 10, 2023 Paul Tudor Jones: The U.S. Is Moving Towards an “Untenable Fiscal Position.” Favors Gold & Bitcoin Hedge fund magnate Paul Tudor Jones expressed concerns over increasing geopolitical risks and the U.S.’s rising debt, making stocks less appealing. Speaking on CNBC’s Squawk Box, he highlighted the precarious U.S. …
by Quant2011 India and Poland. Yes, China, Russia, Turkey and Uzbekistan added a lot of gold too- but they got this gold from their own mines. They were not forced to buy that gold from other nations. This little aspect is totally ignored by all PM experts. All the above listed central banks bought only …
“According to Reuters, the US currently has just 17 days of supply left in the Strategic Petroleum Reserves (SPR). This is roughly half the historical average of ~33 days dating back to 1990. Meanwhile, oil prices are still almost 30% above the target price the US set to refill them. Tomorrow, an OPEC meeting kicks …
This liquidity strain might prompt banks to tighten lending, potentially making it more challenging for individuals and businesses to access credit. A record $870 billion of deposits have left banks over the last 18 months. This is the highest deposit flight since The Great Depression. The UAW strike, student loan payments & government employees furloughed …
“Bankruptcy filings for companies with at least $10 million in liabilities are rising sharply. Since the Fed started raising rates in March 2022, bankruptcy filings have more than doubled. Corporations, individuals, and the government all got used to historically low interest rates. As rates have nearly tripled on most forms of debt, bankruptcy filings are …
It’s the trend all over the world. But things clearly got out of control in Canada. — Erich Winkler (@DecodedSecurity) September 25, 2023
A vast majority of global central banks are exploring the scope of issuing their own digital currencies – and it’s a trend that could eventually aid the international campaign to shift away from the dollar, according to a research paper published by International Monetary Fund staff. Up to 93% of monetary authorities around the world …
by Simon Black In 1958, Leonard E. Read wrote the book I, Pencil. As the book’s title suggests, this is the story about a pencil, told from the pencil’s perspective. The pencil traces his beginnings – from the cedar forests of Northern California and Oregon – to the mill in San Leandro, California, where specialized …
Half plan to default ☝️ But, Younger people drove the spending over summer 👇 pic.twitter.com/9QpEOcST4v — Win Smart, CFA (@WinfieldSmart) September 18, 2023 This situation could be quite concerning for several reasons: Credit Score Damage: When people default on their student loans, it can wreak havoc on their credit scores. This means they’ll have trouble …
Nearly every cleaning product in your home may release hundreds of potentially toxic chemicals when used, a study suggests. Researchers at the Environmental Working Group tested 30 common household products such as glass cleaners, stain removers and air fresheners. They said that all but one released measurable levels of volatile compounds, or VOCs — tiny …
California lawmakers will send a state excise tax on guns and ammunition to Gov. Gavin Newsom after years of failed attempts by Democratic legislators. The Senate voted 27-9 on Thursday to approve Assembly Bill 28, which would require manufacturers, vendors and dealers to pay an 11% tax on guns and ammunition to fund violence prevention …
https://twitter.com/IrisAtzmon/status/1699882222684135586
Canadian banks are freaking out as homeowners are unable to cover the INTEREST. Some extending mortgages to 90 years! Insanity. The worst part. The banks know millions more Canadians will be hit will sky high mortgage interest rates in the coming YEAR making this a total disaster. A complete housing collapse. Unbelievable. All by design. …
The amount of money most workers want now to accept a job reached a record high this year, a sign that inflation is alive and well at least in the labor market. According to the latest New York Federal Reserve employment survey released Monday, the average “reservation wage,” or the minimum acceptable salary offer to …
UAW strike of all ‘Big Three’ Detroit automakers would cost economy $5.6B Less than a month remains until the September 15 deadline for new contracts Union boss Shawn Fain is calling a strike authorization vote next week A ten-day strike by the United Auto Workers that shuts down the ‘Big Three’ Detroit automakers would cost …
https://www.youtube.com/watch?v=POUseK_QYvw The retirement crisis can push half of all Americans to the brink of financial ruin, according to a new survey. In today’s video, we will present this and some of the most important statistics and insights that everyone should know about the state of retirement in the United States. Today, millions of individuals in …
The number of chronically absent schoolkids jumped by 6.5 million from before the pandemic to the 2021-22 year, says a study on how COVID lockdowns hurt classroom attendance. More than a quarter of students missed at least 10 percent of the 2021-22 school year, making them chronically absent, Stanford University research shows. Before the pandemic, …
by Chris Black You can’t stand around while a black man is being arrested for a crime. If a black man is being arrested for a crime, you have a legal obligation to attack and even to totally destroy the cop who is doing the arresting. A judge tells Tou Thao that he was in …
HIS CRIME: HOLDING BACK THE CROWD, WHILE THE OTHER OFFICERS ARRESTED GEORGE FLOYD! NOW- Former Minneapolis police officer gets nearly 5 years for role in George Floyd's death https://t.co/QTSGdl2ETb — Overton (@overton_news) August 7, 2023 h/t Terminally Dispelled
Big banks in the United Kingdom have shut down nearly a million accounts over the past four years, a paper revealed amid the ongoing scandal of Brexit leader Nigel Farage being debanked for his political opinions. A report from the Mail on Sunday revealed that banks are on pace to set a record number of …
