Independent thinking for complex markets and current events
The Senate agreed to a deal to vote on extending an expiring foreign surveillance law on Friday evening, an agreement that puts Congress on track to avoid a weekend expiration of a key program. The legislation, which reauthorizes Section 702 of the Foreign Intelligence Surveillance Act, has already passed the House and after passing the …
According to the latest annual statistics, more than 27,000 people were killed in a year but only 12% of cases were solved. Security van heists and robberies are also a serious problem, with many people relying on private security instead of police. Minister for the police, Bheki Cele, said the government was getting “on top …
Image by zlataky From Peter Reagan at Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: $2,050 to $2,075 as the new resistance for gold, silver seems to be getting attention, and what’s in the small print of New Hampshire’s proposed gold as …
The U.S. national debt continued to soar in 2023, surpassing $33 trillion. It’s still rising rapidly. The U.S. Treasury Department estimates the national debt at $33.87 trillion, but the deficit figures for December could put the figure over $34 trillion. For fiscal year 2023, which began on Oct. 1, 2022, and ended Sept. 30, 2023, …
The Left behave like degenerates, ‘clutch pearls’ when accusing their political rivals, then excuse literal atrocities. h/t dragonhold24
by Chris Black Obviously, this doesn’t count most of the foreigners. How is this acceptable? Why does anyone accept it? New York Post: Nearly 50 million people living in the US were born in another country according to a shocking new report. A new study by the Center for Immigration Studies found 49.5 million people — around …
by Chris Black Congratulations, Memphis! Breaking records!
Another record credit card debt Collectively, Americans now owe $1.08 trillion on their credit cards, according to a report from the Federal Reserve Bank of New York. Steadily, persistently higher prices have caused consumers to spend down their savings and increasingly turn to credit cards to make ends meet. At the same time, credit cards are one …
Authored by Charles Hugh-Smith via oftwominds, In stock market news, toilet paper manufacturers continued rallying while tech and luxury-brand stocks continued their slide to decade lows. September 1, 2025: The Federal Reserve announced that the nation’s inflation rate has finally reached its target of 3%, after seasonal and hedonic adjustments. “The brief period of modestly higher …
https://www.federalreserve.gov/releases/h41/20230824/ https://fred.stlouisfed.org/series/H41RESPPALDKNWW
by Hephaestus4 Money printing is inevitable. Superinflation then hyperinflation scenarios become very real each day! India just ditched the dollar and used its own currency to buy a million barrels of oil from the UAE GLOBAL ALARM! US Debt Surge Sparks Dollar Concerns! Will China Dump $700B in Bonds? https://youtu.be/ICD9scaGVP8
by Dismal-Jellyfish https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2023Q2 https://www.newyorkfed.org/microeconomics/hhdc.html Wut mean?: Credit Card Balances: A notable increase of $45 billion to a record $1.03 trillion, along with a rise in credit card account limits to $4.6 trillion. Mortgages: Balances remained steady at $12.01 trillion. Mortgage originations, including refinances, were at $393 billion, up by $70 billion from Q1. Auto Loans: Increased by $20 …
https://twitter.com/Willamthe2nd/status/1688574110824026112
New ApartmentList data dropped The United States hit the HIGHEST average vacancy rate since they started tracking data in 2017 with the following metros hitting 6+ year highs: pic.twitter.com/8xqVfGyKef — Darth Powell (@VladTheInflator) August 2, 2023 “Similar to 2007 levels” for real estate sales volume. https://t.co/fk6JHQPSfS — Don Johnson (@DonMiami3) August 2, 2023 The summer …
by Hephaestus4 Almost $1 trillion in interest payments now, compared to $1 trillion in debt from 1783 to 1981. US INTEREST TO SERVICE NATIONAL DEBT APPROACHES $1T * pic.twitter.com/EMFEWoCAw9 — The_Real_Fly (@The_Real_Fly) July 28, 2023 The fiscal deficit in the US is already at nearly 7% of GDP and only set to get bigger! pic.twitter.com/ui2kpW9OmL …
On Monday, July 24th at 6:00 p.m. The Manatee Bay buoy recorded a sea surface temperature of 101.1° F. If verified, this would break the standing world record for hottest sea surface temperature of 99.7° F recorded in Kuwait Bay. This comes as the Florida Keys and surrounding areas are under a marine heat wave …
So if the private sector doesn't buy and the Chinese won't buy, then it's up to #Fed QE! https://t.co/6P4Ic6ilmX — CrossBorder Capital/ GLIndexes (@crossbordercap) July 20, 2023 Who Is Buying the Ballooning US Government Debt That Has Now Reached $32.5 Trillion? There’s an ever-growing concern about who will purchase the skyrocketing US government debt that …
by scott_jr Nearly 22% of all people who applied for a loan said they had been rejected as of June. That’s just shy of a rejection rate last seen in June 2018. The record rejection rate was just over 24% in October 2014. New York Fed researchers have been asking consumers about their access to …
2/ Tech is currently the most expensive it has been since the Financial Crisis, at 1.4x the S&P 500 The only time it was more expensive was during the Dot Com bubble pic.twitter.com/RQilbntVFZ — Bravos Research (@bravosresearch) July 18, 2023 4/ The PEG ratio shows what investors are willing to pay for a company's earnings …
China’s youth unemployment > 21% now. Is that bad?https://t.co/Rw4qmSZUu0 — Michael Kao (@UrbanKaoboy) July 17, 2023 China reports second-quarter GDP miss, another record high in youth unemployment. How will the market react to this. The 6.3% GDP print for the second quarter marked a 0.8% pace of growth from the first quarter, slower than the …
Warning: The probability of a recession is at its highest level since the early 1980s pic.twitter.com/1XmuWtjmdW — Bravos Research (@bravosresearch) July 12, 2023 Business inventories are a leading indicator of inflation A continued decline in inventories indicates lower inflation However, sharp drops have coincided with a recession since 1995 pic.twitter.com/IGHSrhJoF8 — Bravos Research (@bravosresearch) July …
The average 30 year mortgage rate just hit 7.22% That rate was about 5% a year ago Yet the median sale price has only slightly decreased This housing market is strong pic.twitter.com/jlJvl4DAKZ — Genevieve Roch-Decter, CFA (@GRDecter) July 6, 2023 With the increase in mortgage rates from 3% to over 7%, a $400k house will …
“We’re now at an average 62% chance of a recession by May 2024” The probability of a recession has skyrocketed to levels last seen in the 1980s We’re now at an average 62% chance of a recession by May 2024 pic.twitter.com/gDXIzvtP56 — Bravos Research (@bravosresearch) June 28, 2023 ‘Greatest Economic Reset In Our Lifetime’ Is …