Independent thinking for complex markets and current events
Vice President Kamala Harris said young people aren’t buying homes because of “climate anxiety,” not mentioning the sky-high interest rates under her boss, President Joe Biden. “Young leaders” suffer from “climate anxiety,” which is “their fear about … whether they should have children, whether they should ever think about buying a home for fear …
Fed Target is 5.25%-5.5% overnight rate is 5.3%. A) Banks tell Fed how much extra money is there by putting it in overnight deposits for given target rate. B) Banks are forced to charge more then the target rate to loan the money out otherwise they would loan it to the Fed overnight. The Fed …
by Chris Black Until February 24 last year, an average of 21-23 thousand children were born per month, and now only 16.1 thousand. 96,755 children were born in the country in the first six months, while for the same period in 2023 – 135,079. In 2022, 209,393 children were born in Ukraine, while in 2013, …
Alarming Financial Stats of 2023: – U.S debt at record high – Interest expense on U.S debt to reach a record $1 trillion annually– Credit card debt at record high – Average credit card interest rate at a record 20.69% These are records we don’t want to be setting 🙈 pic.twitter.com/B5Aoaj4FFV — Genevieve Roch-Decter, CFA (@GRDecter) August 2, …
by RedditIsOwendByTheWS The government now lives from month to month. soon it will be from week to week. Then from day to day. and finally from hour to hour. Source : Traders Brace for $102 Billion Wave of Treasury Bond Sales – Bloomberg
Otavio (Tavi) Costa: “Corporate bonds now yield only 0.12% above the Fed Funds rate. The lowest level since 2007, preceding the Global Financial Crisis. Every time credit spreads were at historically suppressed levels, a hard-landing scenario followed. Perhaps this time is indeed different, but I would rather base my perspective on numerous indicators pointing towards …
California, New York and Mississippi come out as top three states with highest poverty rate. Is anyone surprised? pic.twitter.com/SSVN6MAfhY — Wall Street Mav (@WallStreetMav) July 19, 2023
Americans are having a much harder time accessing credit. The rejection rate for loan applicants jumped to 21.8% in the 12 months through June, the highest level in 5 years: Fed data. The rejection rate for auto loans exceeded the application rate. https://t.co/Ag5BnmDKlP pic.twitter.com/w6iSrPAqoj — Lisa Abramowicz (@lisaabramowicz1) July 17, 2023 https://www.newyorkfed.org/microeconomics/sce/credit-access#/ Wut mean? …
by Chris Black Wow, no one could have predicted this. Following the BLM social experiment, every American city is becoming Gotham City. Real dystopian hellscape vibe. The Post Millennial: A new report shows that murders reached an all-time high in Washington state in 2022. There were a reported 394 statewide murders last year, which is a 16.6 …
452k additional part-time jobs from economic reasons:“partially reflecting an increase in the number of persons whose hours were cut due to slack work or business conditions…"More people are trying to get full-time jobs at same time businesses are cutting them… — E.J. Antoni, Ph.D. (@RealEJAntoni) July 7, 2023 Revisions for Apr and May were negative …
via CNN: In addition to the world’s lowest birthrate, South Korea has one of the world’s fastest aging populations. That has left it with a problem familiar to graying nations across the world, namely: how to fund the pension and health care needs of a growing pool of retirees on the tax income generated by …
via indiatimes: Nineteen countries expressed an interest in joining the BRICS group of nations as it prepares to hold an annual summit in South Africa. The emerging-markets bloc of Brazil, Russia, India, China and South Africa will meet in Cape Town on June 2-3 to discuss its enlargement, Anil Sooklal, South Africa’s ambassador to the …
by B3stAuD1t0rofA11tiME I’m sick of this shit If the goal is 2% inflation and we are at 5% per the imaginary numbers they report you don’t just skip a rate hike Especially when true inflation is 20%+ Just look at the price increase of a Big Mac pre-pandemic and today I trust that more as …