payments.

Student loan payments kicking into gear, wonder what it will do

by TheRealJugger You’re all in luck: “Borrowers with the lowest projected lifetime earnings will see payments per dollar borrowed fall by 83%” For reduced payment: https://www.whitehouse.gov/briefing-room/statements-releases/2023/08/22/fact-sheet-the-biden-harris-administration-launches-the-save-plan-the-most-affordable-student-loan-repayment-plan-ever-to-lower-monthly-payments-for-millions-of-borrowers/ ​ For the not being fully penalized first year: https://www.cnbc.com/2023/07/05/biden-gives-student-loan-borrowers-some-leeway-when-payments-restart.html Interest will still be added to the principal. Biden cares just enough to talk …

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Bidenomics Crazy Train! US Corporate Bankruptcies Are On The Rise As US Federal Annualized Debt Payments Near $1 TRILLION

by confoundedinterest17 All aboard the Bidenomics Crazy Train! Let’s see. We have inflation that is eroding wage growth so that REAL wage growth is negative. Meanwhile, the Biden Administration and Congress are spending like they can print infinite amounts of cash with no consequences. The result? The Federal government is …

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People will probably choose to stop making loan payments in favor of housing, rent, food, and utilities.

by mrmrmrj Everything is fine. Really. This is BEFORE student debt repayments begin again in September. When payments resume, defaults will skyrocket. The entire program is a disaster in slow motion. People will choose housing, rent, food and utilities and likely default on their… pic.twitter.com/W4xIxbx3o0 — Wall Street Mav (@WallStreetMav) …

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People paying mortgage payments for fancy cars in 5 states.

Reminder that some people are paying mortgage payments for fancy cars. These are real, active car leases in 5 states: pic.twitter.com/kZwSl0LIbW — Car Dealership Guy (@GuyDealership) August 17, 2023 No way 😂 pic.twitter.com/qhAIkkG2Xd — Car Dealership Guy (@GuyDealership) August 17, 2023

Everything indicates that growth will be slower: US industrial companies experience significant business slowdown in China; Student loan payments resume in September.

Industrial US companies are seeing their businesses in China slow down considerably. DuPont, Dow and Caterpillar have cut their sales outlook for the country into this year. https://t.co/LJ0ARJ9jMW Tesla cut prices in China again. https://t.co/tuTnwNZFSO — Lisa Abramowicz (@lisaabramowicz1) August 14, 2023 Everything is fine … 🔥🔥🔥 Student loan payments …

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Mega Millions $1.58 Billion Jackpot Won By One Ticket In Florida… You can choose a $1.55 billion over 29 annual payments, or a cash lump sum of approximately $752.2 million, per Reuters. Which do you choose?

https://www.megamillions.com/ https://www.megamillions.com/News/2023/Estimated-Mega-Millions%C2%AE-Jackpot-Now-at-$1-58-Bill.aspx $1.58 Billion annuity prize paid out in 30 yearly installments. That is = $783.3 million lump sum cash prize. There is someone in Florida who is very happy tonight. . . Edited to add this Mega Millions Press Release about the win: https://www.megamillions.com/News/2023/Smashing-Jackpot-Run-Ends-With-Big-Florida-Win.aspx “Smashing Jackpot Run Ends With …

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Ethiopia to Make Digital ID Mandatory for Banking – Including Biometric Iris Recognition to Authenticate Payments

The National Bank of Ethiopia has announced a joint initiative with the National ID Program to leverage the country’s digital ID system Fayda. Through the initiative, Fayda will be the primary identification for all financial institution transactions, according to Biometric Update. The ambitious plan aims to enroll all bank customers …

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Gov Gone Wild! Wild Federal Spending, Massive Deficits And Soaring Interest Payments On Debt Requires More Fed Intervention (Bidenomics At Work!)

by confoundedinterest17 The US Fiscal position is very bad and the US is beginning to look like  a third world economy.  And with Biden and Democrat AGs filing indictments against Biden primary Presidential oppoonent, that country is Venezeula! Like skyrocketing interest on the Federal debt to pay for green energy …

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45 million people with student loans face monthly payments of $200… 40% of US adults report having less than $1,000 of savings.

"There are a total of 45 million people with student loans, and the average monthly student loan payment is around $200, so resuming student loan payments in October will subtract roughly $9 billion from consumer spending every month, or roughly $100 billion a year" Apollo's Slok — Lisa Abramowicz (@lisaabramowicz1) …

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As the EV bubble bursts, idiots who massively overpaid for Teslas are going to end up letting the repo man haul away their cars rather than continue making huge payments on a rapidly depreciating asset. Auto lenders, you are so f*cked.

(7a) Lower Priced Teslas The average price of a used Tesla is over $24k lower than the peak last July. Video: https://t.co/uwLwbR3ssh pic.twitter.com/9qfGaCetiH — Charlie Bilello (@charliebilello) July 19, 2023 h/t Simian_Stacker

Corporate net interest payments stay low due to fixed debt, higher interest rates slow to drive a recession

This chart is FASCINATING! Corporates have seen NET INTEREST payments fall bc they fixed debt when rates were low (2020/21) and now are benefitting from higher rates on their cash. A reason why higher interest rates slow to drive a #recession. Thoughts @KeithMcCullough? pic.twitter.com/Ulm9RK2ch7 — Enrique Abeyta (@enriqueabeyta) July 22, …

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Federal Reserve Alert! Federal Reserve announces that its new system for instant payments, the FedNow® Service, is now live. What Is It, and What Does It Do?

by Dismal-Jellyfish Source: https://www.federalreserve.gov/newsevents/pressreleases/other20230720a.htm The Federal Reserve on Thursday announced that its new system for instant payments, the FedNow® Service, is now live. Banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any time of the day, on …

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US government interest payments on federal debt surpass defense spending, indicating a trend towards increased debt costs, potentially constraining fiscal agendas.

The US government interest payments on the Federal debt are now higher than the annual defense spending. This is likely the initial stages of a trend, and if no solutions are implemented, other components of the fiscal agenda may soon be constrained by the escalating cost of… pic.twitter.com/hBY2haxNyG — Otavio …

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James Comer: Biden Crime Family Owned Over 20 Shell Companies to Hide Payments, Launder Money

via breitbart: The Biden family opened more than 20 shell companies to hide payments and launder money, House Oversight Committee Chair James Comer (R-KY) said Sunday. After reviewing Suspicious Activity Reports (SARs) at the Treasury and subpoenaing banks and individuals, Comer posted on Twitter that the Biden family created more than 20 …

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Chicago Making $25K Reparation Payments to Blacks

by Chris Black This is another one of those “how is this happening in real life???” situations. You have the conservative talking points about how these blacks have had equal opportunity for a v… Continue reading by subscribing. Username Password Remember Me     Forgot Password

Biden Meal! Treasury Bill Barrage Is Just a Prelude to Longer-Term Debt Deluge (Ticking Time Bomb Of Debt With Interest Payments Skyrocketing!)

by confoundedinterest17 Jay Leno once quipped about the Obama meal. “Order anything you want and hand the bill to the person standing behind you.” Biden, like his boss Obama, is praciticing a similar strategy. Spend like a drunken sailor and just keep borrowing until the whole thing breaks. The barrage …

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What happens to firms that don’t generate enough revenue to cover interest payments when they are unable to refinance their junk in a recession?

Weekly data for corporate bankruptcy filings has started to meaningfully deteriorate in recent weeks: Apollo’s Torsten Slok 🤔 What happens to firms that don't generate enough $ to cover interest payments, when they are unable to refinance their junk in recession?https://t.co/YfZkZuxK9E — Eventually Consistent Capital (@EventuallyCC) June 28, 2023 https://twitter.com/EventuallyCC/status/1673764995996471299 …

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Canada Housing Crash: Mortgage Payments To Go Up By 40%

Canadian Housing Crash? Mortgage Payments To Go Up By 40% as most mortgages adjust automatically with higher rates.🚨🚨🚨 Most countries don’t have 30 year fixed rate mortgages like the USA. Most countries have 5 years before rate adjusts. 🔊 pic.twitter.com/gPFKT4sezS — Wall Street Mav (@WallStreetMav) June 26, 2023 via theglobeandmail …

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