A hub for independent voices and hard truths
JPMorgan Chase (JPM) CEO Jamie Dimon said he doesn’t think the Federal Reserve should begin lowering interest rates by June and should instead wait for more clarity. “If I were them, I would wait,” Dimon said at the Australian Financial …
Additionally, US consumer SERIOUS (90+ days) delinquency rates in auto loans and credit card debt for the most productive cohort (18-39) have been the highest since the Great Financial Crisis The mighty US consumer is getting through some notable issueshttps://t.co/puJCEOhOzW …
Sharp increase in mortgage borrowers filing for bankruptcy called ‘worrying trend’ More Canadians are beginning to crack under the pressure of increased mortgage payments, new data on consumer credit showed today. Article content Mortgage delinquency rates were up more than …
by confoundedinterest17 Well, this might keep The Fed talking heads up at night. Over the past year or so, the Fed has been intensely discussing inflation in “core services,” which is where inflation had shifted to in 2022, from goods …
TOKYO, Feb 27 (Reuters) – The number of babies born in Japan fell for an eighth straight year to a fresh record low in 2023, preliminary government data showed on Tuesday, underscoring the daunting task the country faces in trying …
March is bringing more than just the promise of spring; it’s also delivering a dose of economic tension as regional banks find themselves in a pressure cooker. High-interest rates coupled with challenges in the commercial real estate market have set …
https://twitter.com/GRomePow/status/1760045649704464486/history
by Phoenix Capital Research Inflation is going in the wrong direction again… and that is BAD news for stocks. If you’ll recall, the primary driver of the recent rally in stocks was the Fed suggesting that it would soon begin …
by confoundedinterest17 The Federal Reserve (aka, The Keep) is back in the saddle again. The Fed has been unable to control inflation since Federal government spending was so fast and furious after Covid that little thought was given to the long-term ramifications …
Inflation coming back like it was 2023. Shipping costs are rising fast amid geopolitical tensions pic.twitter.com/RI2bzGFKbo — Win Smart, CFA (@WinfieldSmart) February 17, 2024 h/t Tonight We Ride!
by Michael According to the New York Fed, total household debt in the United States increased by 212 billion dollars during the fourth quarter of 2023. It is now sitting at a grand total of 17.5 trillion dollars. I suppose …
As inflation and steep interest rates persist, Americans are accumulating more credit card debt, with the New York Federal Reserve Bank’s Quarterly Report on Household Debt and Credit expected to reveal a new record exceeding $1.08 trillion. Despite Fed Chair …
by confoundedinterest17 Treasury Secretary Janet Yellen just admitted what the rest of Americans already knew: high prices are here to stay. Example? Food prices (CPI) are up over 20% under Inflation Joe while gasoline prices are up 38% under Clueless …
The commercial real estate (CRE) landscape is facing a challenging scenario, with 14% of all CRE loans and a staggering 44% of office building loans slipping into “negative equity.” This indicates that the debt on these properties now surpasses their …
The Yahoo Finance article sheds light on a concerning decline in consumer confidence, especially among American families earning under $100,000. While the inflation rate has ostensibly dropped to 3.4% in December 2023 from a peak of 7.2% in December 2021, …
A sense of foreboding emerges as 91% of fund managers unite in the belief that interest rates are destined to fall. This unnervingly high consensus has historically preceded major market downturns, reminiscent of the Dotcom bear market in 2000-2001, the …
via independent: The EU’s imports of refined oil imports from India grew to record levels in 2023 at the same time as New Delhi’s imports of Russian crude oil more than doubled year on year. It means consumers in Europe …
by confoundedinterest17 We are closing out the first week of the New Year and 30-year conforming mortgage rates are up slighlty. Mortgage rate GROWTH is now at 8% year-over-year (YoY). While M2 Money growth has died and is down -3% …
Add in the buy now pay later loans at checkout, the subprime auto loans, the payday loans. The loan sharks never had it so good. Another new all-time high for consumer credit card interest rates pic.twitter.com/BWeavhTbEO — Liz Ann Sonders …
via Mike Shedlock: Total consumer credit, revolving credit, and credit card interest rates all hit new record highs in November. Consumer credit data from the Fed, chart by Mish Adjusted for inflation, revolving credit is approaching the record high hit …
Just when all zombie companies hoped that rates go down in time for them to roll debt pic.twitter.com/EjdXNOAirz — Michael A. Arouet (@MichaelAArouet) January 11, 2024 Breaking: December Inflation Comes in Hot Inflation higher than expected and breaks trend in …
by mark000 The financial plumbing is getting problematic which will require rate cuts and to end QT. Meanwhile global trade supply issues, OIL, govt deficit, wage growth etc may be calling for rate hikes at the same time. 2024 going …
Oh boy. Global freight rate for containers just surged 61% this week. Not the time to celebrate the end of inflation. A second wave is likely underway. H/t @dailychartbook pic.twitter.com/X9K2DZJDWR — Otavio (Tavi) Costa (@TaviCosta) January 5, 2024 The global …
Starting off 2024 with: – Record U.S. debt – Record U.S. debt interest payments – Expected record U.S. Treasury issuances in 2024 – Record speculative-grade debt maturing over the next 5 years – Moody’s downgrades U.S. to "negative" from "stable" …
The specter of the 2008 housing crisis is haunting 2024, echoing familiar themes of manipulated interest rates and speculative asset mania. The belief that “prices only go up” has fueled a dangerous déjà vu, reminiscent of the days preceding the …
🚨🚨 NEW RENTS IN TORONTO CONTINUE TO PLUMMET DOWN ALMOST $300/mo SINCE AUG FOR A 2 BEDROOM TORONTO HAS THE MOST LEVERAGED LANDLORDS IN CANADA — CASHFLOW CRISIS INCOMING pic.twitter.com/XmUfbUqaiT — Tablesalt 🇨🇦🇺🇸 (@Tablesalt13) January 1, 2024
$7.6 trillion of US government debt will mature in the next year, adding pressure on rates A whopping $7.6 trillion in interest-bearing US public debt will mature within a year, Apollo’s chief economist said in September. That represents 31% of …
This is what a concentrated market looks like The top 10 stocks make up a staggering 35% of the S&P 500 index Such an elevated level was last seen during the Dot Com bubble pic.twitter.com/9Yeez17XMl — Bravos Research (@bravosresearch) December …
