A hub for independent voices and hard truths
Record-High Household Debt: The fact that household debt in the U.S. has reached $17.1 trillion is alarming. High levels of household debt can strain individuals and families, making it difficult for them to manage their finances and save for the …
by confoundedinterest17 Here are some bits and pieces about the US economy and interest rates. The Federal Reserve, the most powerful Socialist machine on the planet, is considering rate their target rate after some bad economic news. First, real median …
by confoundedinterest17 Danger Will Robinson! Danger! Median sales price of homes in the US sank by -7.4% in Q2 2023. This is particulary dangerous since it was the worst correction in home prices since two rather nasty recessions of 1970 and …
by confoundedinterest17 Thanks to Bidenomics, code for massive Federal spending on green energy initiatives and payoffs fo large donors, we have agonizing inflation and consumers are borrowing more and more to cope with inflation. And with the increased use of …
by j_stars Gold made a new all time high in Japan today at 284,673 JPY/oz. pic.twitter.com/VwZqNJbBkW — Jan Nieuwenhuijs (@JanGold_) September 4, 2023
by confoundedinterest17 You know Bidenomics isn’t working at all when the best I can say about it is … the current housing bubble isn’t as bad as the house price bubble of 2006. We are truly in Biden’s ShamWow economy! Yes, …
by bitkogan The uptick in unemployment to 3.8% fits nicely into this week’s trend of “bad news is good news.” While the rise is largely due to a revised participation rate, the key takeaway is that it represents yet another …
Young Americans are dying at alarming rates, reversing years of progress. This has nothing to do with Covid, so what factors are pushing up death rates for children and teens in the U.S. and why is no one talking about …
Ideally, mortgage rates need to come down to a sweet spot. This would involve a level where existing home sales jump, but demand doesn't heat up too much. We believe that ~5% mortgage rates are that sweet spot. Follow us …
by EuphoricTrilby Bidenomics: Create 15% food inflation with reckless Covid policy and mandates, then take credit for when inflation “falls” to 6%. https://www.ers.usda.gov/data-products/food-price-outlook/summary-findings/ Americans work three jobs in a single household to put food on the table. Americans on Maui …
Climate change will affect the way the Reserve Bank sets interest rates and the stability of the entire financial system, with incoming bank governor Michele Bullock warning it will affect property values, the way we work and the location of …
Macy’s executives have warned of a spike in customers failing to make credit card payments thanks to unprecedented pressures on household finances. The department store has seen its credit card revenue plunge by 36 percent this year due to the …
via Mike Shedlock: A friend of mine in the shipping business has comments on a trucking article he sent. Let’s tune in. Truck image courtesy of Produce News Truck Rates Abysmal, But Some lanes Active Produce News reports Truck Rates Abysmal, …
by confoundedinterest17 Maui Joe Biden received a lot of help from his friends at The Federal Reserve! Thanks to the crippling effects of Bidenomics (Fed easing then tightening to combat inflation caused by insane green spending and a war in …
Speaking of under-funded banks, Schwab just announced they are cutting jobs AND raising debt. https://t.co/Bd8grqcl0J Market not happy as exploding money market yields pressure banks to raise deposit rates or face mass exodus. pic.twitter.com/ugidUJHuIW — Mac10 (@SuburbanDrone) August 22, 2023 …
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 …
Rates of colorectal cancer have been increasing in young people over the past few years — and have gotten a lot of attention in the process. But disturbing new research finds that rising cancer rates in young people aren’t limited to colorectal …
The continuing lag will crush this economy! No more loans without very good collateral and prime lending is close to 9% and going higher. — Kerby Roberson (@KMACKROB) August 16, 2023
by Dismal-Jellyfish Source: https://www.federalreserve.gov/monetarypolicy/fomcminutes20230726.htm Developments in Financial Markets and Open Market Operations: The manager turned first to a review of developments in financial markets over the intermeeting period. Market participants interpreted data releases as generally demonstrating economic resilience and a further …
by confoundedinterest17 “Ice Cream Joe” Biden is at Lake Tahoe for a week, probably to avoid being asked questions about his tin-ear respoonse to the tragic Maui fires that have killed 106 people so far. Instead, Joe is inappropriately chuckling …
FED'S KASHKARI: WE NEED TO AVOID A 1970S-TYPE SCENARIO WHERE THE FED STOPPED RAISING RATES TOO SOON. Correct even if that means burning down the ponzi scheme — Darth Powell (@VladTheInflator) August 15, 2023 Jerome Powell trying to save the …
Real yields break things up here, at 185bps, the highest since Lehman. pic.twitter.com/7od1pAtJLB — Lawrence McDonald (@Convertbond) August 15, 2023 Yes for sure. Bond markets understand that, on top of the continued large deficit spending, interest expense on the debt …
by AdMaleficent2789 Goldman Sachs expects core inflation to fall enough for the Federal Reserve to start cutting rates in Q2 2024, but economists leave the door open for a higher-for-longer scenario. By Q2, “we expect core PCE inflation to have fallen …
pic.twitter.com/uX9VoRGdXK — Genevieve Roch-Decter, CFA (@GRDecter) August 15, 2023 Does anyone remember August 2015 – Yuan deval? Well, it's about to be a lot worse this time as the Chinese government can't stimulate the economy and support the currency at …
More vaccinated countries: • Finland – 12.4% more deaths than expected. • Ireland – 12.16% more deaths than expected. • Austria – 13.175% more deaths than expected. Less vaccinated countries: • Romania – 12% fewer deaths than expected. • Bulgaria …
https://twitter.com/Blackpearl_1119/status/1689328367987040256 h/t Simian_Stacker
The longer the Fed keeps raising interest rates while using their balance sheet to bail out banks and the ultra wealthy, the more deeply buried the middle class becomes trying to borrow their way through inflation. Personal interest payments: pic.twitter.com/UdeKfTTszD …
by betsharks0 Didn’t they literally say no rate cuts before 2025?
https://twitter.com/Willamthe2nd/status/1688574110824026112
