Independent thinking for complex markets and current events
Your bank earns 5% on your money, you earn 0.4%, and you can’t fix it. Banks pay you 0.4% interest on your deposits, then take your money & put it at the Fed, which pays them 5% interest on your money. Federal law bars you from cutting out the middleman & depositing your money at …
2026 just started and China already dropped a financial bomb 💣 Beijing quietly EXTENDED a policy letting banks roll over 3.8 TRILLION yuan of bad personal loans. Translation: the debts are so bad they can’t be cleaned up. Banks are dumping credit-card defaults at 10–20¢ on the dollar, hiding losses, and repackaging the trash into …
Treasury Secretary Scott Bessent struck the final five pennies on Wednesday — each bearing a rare omega mark — ending U.S. penny production and creating collectors’ items that could fetch millions at auction. The penny, first authorized under the Coinage Act of 1792, was recently discontinued due to rising production costs over the last decade. …
PHILADELPHIA (AP) — The U.S. ended production of the penny Wednesday, abandoning the 1-cent coins that were embedded in American culture for more than 230 years but became nearly worthless. When it was introduced in 1793, a penny could buy a biscuit, a candle or a piece of candy. Now most of them are cast …
Trump’s meme coin hit $75 in January. It’s now $9, an 88% collapse. The April bump? A dinner invite for the top 220 holders at Trump’s Virginia golf club. That fizzled. https://www.msn.com/en-us/news/politics/trump-and-melania-s-scammy-meme-coins-have-lost-almost-all-value/ar-AA1KTNGu Eric Trump rang the Nasdaq bell with WLFI and ALT5 executives. TRUMP coin jumped 9% on speculation alone. No fundamentals changed, just optics. …
The signs are screaming, but most people won’t listen. Bullish sentiment is collapsing even as the S&P 500 climbs, and history shows that kind of divergence precedes catastrophic market corrections. Market Crash Indicator – AAII vs SPX: Declining bullish sentiment of individual investors (AAII) as SPX continues rising to new ATHs has historically coincided with …
BREAKING: The US will stop putting new pennies into circulation by early next year. Businesses will need to start rounding up or down to the nearest 5 cents, the US Treasury said in a statement. A penny currently costs 4 cents to make. Cutting production is set to save… pic.twitter.com/o7iVAJepOo — The Kobeissi Letter (@KobeissiLetter) …
The infamous ‘Oceanwide Plaza’ in Los Angeles, dubbed the “graffiti towers” due to its incomplete state, has purportedly been listed by its developer for a fraction of its initial value. With the project remaining unfinished despite substantial investment, questions arise about its future and the broader implications for the local real estate market. The unfinished …