Independent thinking for complex markets and current events
by confoundedinterest17 Joe Biden could barely eat his dinner at the White House Correspondents’ Dinner. And we think he is calling the shots in The White House?? Oh well. Perhaps it is Treasury Secretary Janet Yellen or Klaus Schwab of the World Economic Forum. In any case, Treasury bond issuance in 2024 is expected to hit $1.9 …
Personal bankruptcy filing rates are hovering over multi-decade lows pic.twitter.com/KUBzMTpqZV — Win Smart, CFA (@WinfieldSmart) April 3, 2024
Highest YoY Rise in Credit Card Delinquency Rates Below, you'll find a chart showing the year-over-year (YoY) change in credit card delinquency rates. As of Q3 2023, the YoY change stands at 43%. This rapid rise has never occurred. Credit card delinquency rates are currently… pic.twitter.com/FUWyLsmsvW — Reef Insights (@ReefInsights) February 12, 2024 U.S. 🇺🇲 …
If this isn’t suspicious I don’t know what is , isn’t it about time they put out an official statement about what’s going on ? “The Prince of Wales has pulled out of a reading at a memorial service for his father’s second cousin King Constantine of Greece ‘for personal reasons’. Queen Camilla is set …
“An appliance used to be a machine. Now it’s a bureaucracy.” “Things used to work in this country. This is the stock complaint of the Baby Boomers, and if you are lucky enough to inherit a piece of their technology, you may find yourself agreeing. But when I say ‘things used to work,’ the object …
https://twitter.com/unusual_whales/status/1760759704350019816
Climate activists are taking notice of Taylor Swift's private jet air miles after flying 5,000 miles from Japan to Las Vegas to see her boyfriend play football. "But people are certainly starting to take note of her air miles." Her carbon footprint is enormous. pic.twitter.com/HldmLHXiHd — Ryan Maue (@RyanMaue) February 16, 2024
by mrmrmrj Best part of the chart is the tiny box underneath it.
by tremens-delirium YSK: Major car manufacturers admit in their privacy policies to collecting a wide range of your personal information, to illustrate: Nissan: Their US privacy policy states they can collect data on your “characteristics, psychological trends, predispositions, behavior, attitudes, intelligence, and abilities.“ Kia: Their data collection includes sensitive information like “genetic information, sex life, medical …
In a world inundated with information, the role of journalists is paramount. Their duty lies in presenting news objectively, devoid of personal biases. Let’s uphold the essence of unbiased reporting for a more informed society. Gript Media Editor John McGuirk on recent criticism from politicians and other journalists: We don't censor news just because politicians …
“Experts suggest” your standard of living be reduced by over 85% A report on the future of travel and tourism, co-authored by a travel agency called Intrepid Travel and The Future Labs Institute, posits a future deeply impacted by climate change and restrictions on tourist travel to combat it. “A Sustainable Future for Travel”, warns …
As the U.S. government collects approximately $2.5 trillion annually in personal income taxes, a staggering 40% of that sum, equivalent to $1 trillion, is already allocated to servicing the interest on the national debt. The ominous trajectory continues as interest payments swell due to the maturation of older, low-interest debt being refinanced at higher rates, …
The order from Judge Christopher Cooper came as a result of a lawsuit filed by Chinese American scientist Yanping Chen against the Federal Bureau of Investigation. Citing documents reviewed by Fox News, Herridge reported that Chen was the subject of a federal probe. Chen has alleged that federal authorities improperly leaked information about her, violating …
by confoundedinterest17 To paraphrase AC/DC, the US is back in red. Let’s start with personal savings as a percentage of disposable income. It has been in the red (meaning very low) under Billions Biden. And The Fed is really in the red under Biden’s inflation rattling spending with losses leading to a surge in remittances. And …
With burgeoning credit card debt, soaring interest payments, and rates not seen since the Financial Crisis, a breaking point looms closer. The consumer is on thin ice as US personal savings rate has collapsed This indicator has dropped from record highs in 2020 to levels last seen during the Financial Crisis To make things worse, …
With the median mortgage payment exceeding the cost of rent by $1,000 per month and average new car payments and used car loan interest rates reaching new highs, households are feeling the strain of increasing expenses. The milestone of $1 trillion in credit card debt, coupled with record-high interest rates of 25%, underscores the growing …
Americans’ cars now have the ‘unmatched power to watch, listen and collect information about what you do and where you go,’ according to a concerning new study. According to the Mozilla Foundation, at least 84 percent of 25 car brands studied have the power to share or sell the personal data of drivers to to …
Pawn shops too (probably because they deal in silver and gold coinage and bars and jewellery. Shutting access to cash) AC
by confoundedinterest17 US personal savings are being exhausted as The Fed raises rates to fight inflation. I call this phenomenon “low riding” where consumers are being punished by The Federal Reserve and Biden Administration. Meanwhile, large bank loan volumes are shrinking. With money-market fund assets hitting new highs, and banks’ usage of The Fed’s emergency funds facility at …
Economy and stock market is about to melt down. People have no savings left and cannot keep their heads above the rising tide of inflation. https://twitter.com/_/status/1692500764524986609 SAN FRANCISCO (KGO) — This week, for the first time, American credit card debt surpassed $1 trillion. Getting into credit card debt at any time is not good, but …
by EuphoricTrilby https://x.com/jeremykauffman/status/1691856782031815133?s=46&t=T37mFTn9E_HUaxN1rB76Hw Lot of talk lately about who is to blame for the fire- especially given corporate and government greed immediately following the tragedy. Well, here is one of the govt officials responsible. On one hand, his religion dictates water must be revered, on the other hand, people were dying and thousands more are …
Total US govt revenue is about $5 trillion per year from all sources. Personal income taxes are about 42% of the total, so around $2.1 trillion. So roughly 1/2 of all personal income taxes collected by the US govt is going to pay interest on the $33 trillion national debt. — Wall Street Mav (@WallStreetMav) …
by EuphoricTrilby Too old to handle her own shit, but Diana Feinstein can still vote on and sponsor legislation? Who is really in charge? Did California elect her faceless staff and donors to represent them? And please, I’d like to hear any arguments against term limits in Congress.
“Personal savings have plummeted following C19 It’s now at the lowest levels since 2013 WIth credit card debt and interest rates at their highest levels, consumers now face major headwinds” Personal savings have plummeted following C19 It’s now at the lowest levels since 2013 WIth credit card debt and interest rates at their highest levels, …
by BoatSurfer600 via mediaite Former UKIP leader Nigel Farage may leave the United Kingdom after claiming his bank accounts were closed over his role in Brexit. In a six-minute video posted on his Twitter account, Farage claimed he was the victim of “serious political persecution” after his banking group of 43 years told him two months ago …
This is called gaslighting. pic.twitter.com/LmyJatlxTH — STORM (stealer of memes)🇺🇸🍊 (@StealerStorm1) June 26, 2023 Biden spokeswoman Olivia Dalton: "The president's economic policies are incredibly popular!" pic.twitter.com/leM4PXBQ05 — RNC Research (@RNCResearch) June 27, 2023
by confoundedinterest17 Nicolas Maduro of Venezuela must be envious of Joe Biden. I don’t think even Maduro has the stones to have his politiical opponent charged with espionage in the run-up to a Presidential election. Particularly when the US President has been bribed by China and Ukraine and has similiar sensitive document hoarding issues (at least Trump …
by Dismal-Jellyfish Source: https://www.federalreserve.gov/releases/g19/current/g19.pdf Remember, From 1st quarter 2022 to 1st quarter 2023, total household debt has increased $1,205 billion to $17.05 trillion (+7.57%)–Mortgage balances ($864 billion), HELOC ($22 billion), Student loans ($14 billion), Auto loans ($93 billion), Credit Card debt ($145 billion), Other ($67 billion): Total household debt has risen by $148 billion, or 0.9 percent, …
Your California Privacy Rights & Do Not Sell My Personal Information The California Consumer Privacy Act (CCPA), also known as AB-375, provides California residents with the following rights (the following is copied from leginfo.legislature.ca.gov/): The right of Californians to know what personal information is being collected about them; The right of Californians to know whether their …