Independent thinking for complex markets and current events
In a harrowing turn, new home prices have plummeted by a staggering 18%, marking the most significant annual decline on record, surpassing even the depths of the 2008 financial crisis. The grim reality intensifies as builders face a crisis, with mortgage demand hitting its lowest since 1994, and housing defaults soaring to levels not seen …
(Natural News)—The Empire State has established lofty zero-emissions goals for the year 2030 that require large numbers of electric vehicles (EVs) to rove the state at that time rather than traditional gas-powered cars. The latest figures, however, show that there will not be nearly enough electric power available to charge them. In New York City specifically, …
by theSilverVigilante As of September 30, 2023, the federal “debt held by the public” (herein, “debt”) stood at $26.3 trillion, or about 98 percent of projected GDP. The “public debt outstanding” of $33.2 trillion often cited in media is largely misleading and not relevant for assessing economic impact; about $6.8 trillion of that amount is …
Egypt and Qatar are mediating with Israel and the Islamist group Hamas for the release of some 80 hostages, all Israeli civilians, in exchange for a temporary ceasefire and the commitment of the Jewish State to stop attacking health centers, three sources informed EFE, knowledgeable about the status of the process. An anonymous Egyptian security source …
In the last 120 years, when a country’s debt got really high, 98% of them ended up not being able to pay it back. Ken Griffin says the government can avoid this by printing more money, but it would mess up the economy really bad. A simple solution could be for Congress to spend less, …
The search is on worldwide to find ways to extract carbon dioxide from the air or from power plant exhaust and then make it into something useful. One of the more promising ideas is to make it into a stable fuel that can replace fossil fuels in some applications. But most such conversion processes have …
4/7 "The overall participation rate is expected to drop to 60.4% in 2032, according to the #Labor Department, mainly because of baby boomer retirements." pic.twitter.com/OBkde7cVKs — Kailash Concepts (@KailashConcepts) October 18, 2023
A big bank is betting the VIX could go to 180? I wonder who that could be… 😏pic.twitter.com/E43wfzF5kP https://t.co/AZAhUqx30q — Financelot (@FinanceLancelot) September 12, 2023 4th VIX trendline retest should happen today. Notice the Bollinger Bands are closing and we had 4 retests back in July 2023. https://t.co/pNGsU20O6o pic.twitter.com/WY1ygiJOjN — Financelot (@FinanceLancelot) September 12, 2023
by JungleJuggler Original tweet: https://twitter.com/takumiresearch/status/1700156615914098713 Hey folks, stumbled upon this interesting CPI analysis. So, here’s the scoop: CPI worst case analysis CPI best case analysis In the best case, they’re saying the CPI rate could hit about 4% and then maybe drop to below 3% by March 2024, chilling at around 2.3%. But, in the …
Treasury Yields Reach Highest Since 2007 Amid Elevated Rate Fears: Rising Real Yields Reflect Firmer Economy and Higher Deficits; 10-Year Yield Surpasses 4.34%, Marking Highest Level Since Financial Crisis The US bond-market selloff resumed Monday, driving 10-year yields to a 16-year high, as the persistently resilient economy has investors positioning for interest rates to remain …
The Biden Administration announced intent to refill reserves almost a year ago. A target price of $67-$72 per barrel of crude oil was established. Currently, we are almost 20% above that level. A major issue. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) August 5, 2023
Home foreclosures starting to explode Have you been looking around the housing market and thinking “There goes the neighborhood”? Well, you are not alone. In May of this year, ATTOM recorded a sharp uptick in foreclosure rates around the United States. Adding up notices of default, repossession by banks and auctions on the calendar, the …
Great chart from PPG Macro showing delinquency issues beyond the large lenders. It seems that small lenders are increasingly exposed to overly risky loans. Commercial real estate loans are yet another example. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) August 2, 2023 Throughout ‘23 US default risk …
In April, out of the 1.1 million listings on the market, middle-income buyers could only afford approximately 23% of them. Read more: https://t.co/pxwjiRR5xA — unusual_whales (@unusual_whales) July 27, 2023
2/ Rising bankruptcies coincides with bond yields hitting 4%, a level previously associated with the Silicon Valley Bank collapse and UK pension fund crisis pic.twitter.com/tcC6aBY9UD — Bravos Research (@bravosresearch) July 20, 2023 4/ A Deutsche Bank survey indicates that over half of market professionals anticipate market stress due to higher rates While 20% foresee minimal …
Interest rates are at levels comparable to that seen during the Financial Crisis Tight monetary policy is going to be a major headwind for the economy in H2 2023 pic.twitter.com/i7eXcI5Lxf — Bravos Research (@bravosresearch) July 12, 2023 This is the first S&P 500 new (52 week) high that is not confirmed by mega cap Tech. …
by confoundedinterest17 The US has passed the 32 trillion mark in national debt, and is going much, much higher. More like 32 tons on the back of taxpayers. When we add unfunded liabilities like Social Security, Medicare and Medicaid, the tab soars to $224.5 TRILLION. New data show that a growing number of U.S. firms are collapsing …
‘Melanoma skin cancer cases in the UK have reached an all-time high. Our latest analysis shows there are 17,500 cases being diagnosed per year and projections reveal that these high numbers could continue to increase by around 50% over the next 20 years. What’s causing these increases? Temperatures are still set to rise this summer …
George Carlin: “They call it the American Dream because you have to be asleep to believe in it.” The American Dream is alive and well for most, but the younger generation and less educated do not share such optimism, according to a new poll conducted by NORC – University of Chicago. In a survey of …
My banker just said they are doing tons of home equity loans. It's mostly to pay off the 20% credit cards with 8 to 10% home equity loans. Ask yourself if it's going to actually change the spending habits of people? Getting scary out here….. — ChatSOB (@TheSOBofAIChat) June 30, 2023