Independent thinking for complex markets and current events
A very strong labor market where you, checks notes, take a 30% base pay cut, 15.5% expected cut (if target hit), title demotion from Level 2 to Level 1, AND return to the office. This is simply a mechanism to avoid paying severance as many quit. https://t.co/Amox88vtkI — Michael Green (@profplum99) October 16, 2024 https://threadreaderapp.com/thread/1846574571803009385.html
As we approach the Kazan BRICS Summit, Russia has revealed their big agenda. They are moving to create a BRICS payment and trading system. This has big implications for the US dollar and the global economy. Because of this evolution, US farmers are also at immense risk.
The increase in Social Security benefits next year will be pocket-size. The Social Security Administration announced a 2.5% cost-of-living adjustment (COLA) for 2025. That’s down from 3.2% this year but in line with the 2.6% average over the past two decades. Starting in January, the increase will add a little under $50 to the average …
Good morning, I received a notice that Capital One is currently having some issues which may affect payroll for those that bank with them. If you have direct deposit set up to go into a Capital One account, be aware that you may not see your paycheck in there yet. They say that their issues …
This smells like corruption. Why are payments going to personal homes instead of offices? @MikeNellis dodging Congressional inquiries? It’s all coming out. Trump was right all along — John (@johnEiid) September 6, 2024 @EliseStefanik is a true Patriot! House Republican Conference Chairwoman Elise Stefanik (R-NY) is pushing for an inquiry into the judge overseeing former …
Around 1.6 million pensioners living below the poverty line and who do not receive Pension Credit are set to lose out as a result of the government’s decision to means test the Winter Fuel Payments, according to a report by the former pensions minister. Sir Steve Webb, who is now partner at pension consultancy firm …
That is thru the swift system only! Many nations are now bypassing swift system using direct transfers. So it’s not an apples to apples comparison. Also, many nations willcontinue to use Swift for a few months since Brics new Unit is scheduled to be rolled out in January ! — Patriot Planner (@PatriotPlanner1) August 23, …
by confoundedinterest17 After watching the Democrat hate fest last night (Aka, the Democrat National Convention), I was not shocked that the DNC platform looked like a playbook to destroy the US economy. High taxes, endless spending, more regulations, etc. Not a word about the staggering side of the US debt load … with Harris’ economic plan …
(The Center Square) – A judge ordered the City of St. Louis to stop its guaranteed basic income program, possibly marking the first time a court granted an injunction to stop payments. St. Louis Circuit Court Judge Joseph Whyte ordered St. Louis Comptroller Darlene Green, Treasurer Adam Layne and Mayor Tishaura Jones to immediately stop …
Who didn’t see this coming? The bold daylit grift machine grinds on. More $ from CONGRESS soon. “Zelensky Suspends Ukraine’s Foreign Debt Payments Starting Aug 1st Ukraine’s President Volodymyr Zelensky has signed a new law which defers public debt payments until October if necessary, Reuters has confirmed. The bill was signed by Zelensky and returned …
High interest rates and tight budgets are making monthly bills unaffordable for a growing number of vehicle owners. Car repossessions rocketed higher in the first half of the year, a sign of rising consumer distress as the US Federal Reserve weighs interest rate cuts. So far in 2024, repos are up 23% compared with the …
Almost half of all Americans are still paying off debt that they accumulated last year for a summer vacation, which is alarming news considering about half expect to go into more debt this year for more vacation. It’s things like this that are making the economy look so much better than it really is because …
Thousands of homeowners are facing the challenge of higher monthly mortgage payments. Specifically, those who took out adjustable-rate mortgages (ARMs) five years ago are now experiencing the unpleasant shock of significantly increased home payments. Unlike fixed-rate mortgages, ARMs offer a low introductory rate for a fixed initial period, but after that period, the rate adjusts …
With courts blocking Biden's student loan plans to cancel debt, the Feds have paused payments and interest. pic.twitter.com/vp4TDT8qyf — Wall Street Mav (@WallStreetMav) July 2, 2024 In response to court rulings blocking key elements of the federal government’s new student loan repayment program, the Biden administration will be giving about 3 million borrowers a reprieve …
U.S. interest payments on its debt are now set to exceed defense spending. This year, federal spending on interest payments is forecast to reach $870 billion, surpassing the $822 billion allocated for defense in 2024. The rising interest costs are driven by factors such as increased debt resulting from tax cuts and pandemic-related aid. While this development raises concerns, it’s …
Some hospitals and surgery centers are now requiring patients to pay upfront for surgeries. According to a recent report by the Wall Street Journal, this practice has become more common, with facilities refusing to perform surgery until they receive full payment. While this approach may allow patients to know the cost ahead of time and …
Asmall group of Americans who took out cheaper but riskier mortgages several years ago are about to see their monthly payments skyrocket. Since 2019, more than 1.7 million homes have been bought using adjustable rate mortgages (ARMs), which initially offer a lower, more affordable interest rate than their fixed-rate counterparts. But eventually, ARMs reset to …
Rising government bond yields in Japan usually correlates with lower USD/JPY exchange rate. It should also put a selling pressure on long-term US government bonds as Japanese bonds become more attractive and Japan own $1.2 trillion US bonds. Source: Apollo pic.twitter.com/gpdwPLMowL — Global Markets Investor (@GlobalMktObserv) June 2, 2024 Spiking Interest Payments on the Ballooning …
The United States is hurtling towards a financial disaster, with interest costs on its national debt projected to hit an unprecedented 4% by 2034. This surpasses the previous records set in the 1990s and even the astronomical levels seen during World War II. It would represent the highest level of interest payments in modern American …
Cohen admitted to negotiating settlements for one amount and reporting them to the Trump Organization at a significantly higher amount. He would keep the excess, which is embezzlement/theft. DA Bragg was aware of Cohen’s crimes and refuses to prosecute him for them. Instead, he is prosecuting Trump for failing to itemize the payments made to …
via naturalnews A new RedBalloon and PublicSquare report reveals that nearly half of small businesses in the United States believe they “definitely” or “probably” don’t stand a chance to survive another four years of Joe Biden presidency. The survey, which polled 80,000 small businesses, found that 22.4 percent of respondents think they definitely don’t stand a chance to survive another four years under the …
In a land once brimming with promise, the American Dream now flickers like a distant star, obscured by the harsh realities of financial struggle and unattainable aspirations. $100,000 income no longer buys the American Dream in most places, per CNBC. — unusual_whales (@unusual_whales) May 17, 2024 About 42% of those with household income of more …
The US is currently paying $2M PER MINUTE on interest payments on outstanding debts…let that sink in https://t.co/MaE8BdULmj — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) May 14, 2024 Let’s talk about something we can wrap our heads around: the US vs. China money supply. The pervasive phenomenon of global monetary dilution is a fundamental aspect of …
Canadian banks are anticipating a jaw-dropping 60% hike in monthly mortgage payments for those with variable rates is nothing short of a financial catastrophe waiting to happen. With housing costs already soaring, this sudden and substantial increase in mortgage payments is a recipe for disaster, putting countless Canadian families at risk of losing their homes. …
Economic headwinds persist as 43% of small businesses struggle to pay rent, while charge-off rates on commercial real estate loans surge to nearly twice their 2020 peak levels. This trend, exacerbated by elevated interest rates and depressed asset valuations, underscores ongoing challenges in the real estate market and broader economic conditions. BREAKING: 43% of small …
🇺🇸 US net interest and miscellaneous payments on assets by private enterprises $95.2 billion. 𝗟𝗼𝘄𝗲𝘀𝘁 𝘀𝗶𝗻𝗰𝗲 𝗤𝟰 𝟭𝟵𝟳𝟲! Locked in debt at cheap funding rates when the Fed had rates at zero and invested cash to earn higher interest income as the Fed raised rates. pic.twitter.com/Jo94wjhGTV — Alex Joosten (@joosteninvestor) April 28, 2024 This means …
The Texas Supreme Court agreed to temporarily stop a program that had promised to offer about two thousand residents of Houston payments of $500 per month for a year and a half. The decision came after the state’s Attorney General Ken Paxton filed an emergency request with the court for a “temporary injunction” against the …
In this damming video; Michael Cohen admits to all the crimes he was sentenced for, and he also admits Trump never asked him to pay Stormy Daniels any money… The media including Fox News refuses to show this video 👇 you know what to do pic.twitter.com/JBoM7qHGrJ — @Chicago1Ray 🇺🇸 (@Chicago1Ray) April 22, 2024 Mr. Cohen, …
In fiscal year 2024, U.S. national debt interest has exceeded spending on the military. The federal government spent $412 billion on military programs at the Department of Defense during the first half of FY2024. However, the rapidly growing cost of servicing the national debt surpassed military spending. Interest expenses from the $34 trillion national debt totaled $440 billion in the first six months of FY2024, representing a 43% increase from …
