Independent thinking for complex markets and current events
Yes and… pic.twitter.com/42pTh1uI9M — Nautilus Research (@NautilusCap) May 31, 2024 ALERT: Households are now out of excess savings Reaching the lowest level in the past 5 years This is not looking good pic.twitter.com/OMplaq6sgs — Bravos Research (@bravosresearch) May 31, 2024
11% of Americans are on Food Stamps … But yeah, there is no recession … Everything is just hunky dory. 🚨🚨🚨 pic.twitter.com/fFb4ylz7LC — Wall Street Mav (@WallStreetMav) May 22, 2024 A wave of America’s retirees are dusting off their résumés and stepping back into the workforce, seeking financial stability as inflation changes the trajectory of …
Just as excess savings have been depleted pic.twitter.com/exP6JjsGHn — Bravos Research (@bravosresearch) April 22, 2024
SYLVANIA TOWNSHIP, Ohio — A Sylvania Township man is having trouble sleeping after being scammed out of his life savings. Rama Bhamidipati, a software engineer, came to the U.S. from India on a work visa 10 years ago. He dreamed of saving enough money so he could go back home to his family wealthy and …
The Vanguard Cash Plus Account is a cash management account that features a bank sweep insured by the Federal Deposit Insurance Company (FDIC) and offers a competitive yield on your short-term savings. You can use the bank sweep as a low-risk place to keep cash for your immediate needs as well as for emergencies. You also …
Highest YoY Rise in Credit Card Delinquency Rates Below, you'll find a chart showing the year-over-year (YoY) change in credit card delinquency rates. As of Q3 2023, the YoY change stands at 43%. This rapid rise has never occurred. Credit card delinquency rates are currently… pic.twitter.com/FUWyLsmsvW — Reef Insights (@ReefInsights) February 12, 2024 U.S. 🇺🇲 …
BlackRock, which had over $10 trillion in total assets under management at the end of last year, oversees the largest retirement funds in the U.S. Read more: https://t.co/PAWap6GET3 — unusual_whales (@unusual_whales) March 29, 2024 With the debt-to-GDP rising to the point where it was during World War II, the cost of Social Security will likely …
Americans don’t get more daylight. Plants don’t enjoy an extra hour of sunshine. The only difference it makes is to harm our health. When you woke up this morning, were you groggier than usual? When the alarm sounded, were you a bear awakened in the middle of January? When you left home for work, did …
CAIRO (Reuters) – Egyptian women traditionally receive a gold jewellery set, or “shabka”, on their engagement. But as surging prices and a weakening currency have driven up demand for the precious metal, some are getting silver instead. The trend is a measure of an economic crisis in which inflation has been running at more than …
Ripped off REAL GOOD! America’s savings rate shame: Three biggest US banks last year raked in $200B from higher interest rates on loans but pay only 0.01% to savers – is YOUR bank ripping you off? https://www.dailymail.co.uk/yourmoney/savings/article-13020787/Americas-savings-rate-shame-Three-biggest-banks-raked-200BILLION-higher-rates-loans-year-refuse-raise-0-01-percent-yields-savers.html America’s three biggest banks raked in nearly $200 billion from higher interest rates last year – yet have failed to …
22% of U.S. adults have no emergency savings at all, per Bankrate. — unusual_whales (@unusual_whales) February 2, 2024 In the intricate dance of personal finance, having an emergency fund is akin to a well-practiced step that provides stability and resilience. However, a recent revelation by Bankrate has sounded a wake-up call – a staggering 22% …
by confoundedinterest17 Americans are addicted to gov. And government is addicted to spending (and creating more debt). Let’s look at wage growth for government apparatchiks relative to private sector workers. While wage growth overall was modest, it is government wage growth that is driving it – now at a record high! Source: Bloomberg And on the back …
by confoundedinterest17 President Biden still shuffles around mumbling about Maga Republicans and defending democracy (while gettig his DOJ and affiliates to prosecute his leading Presidential opponent) even though …. consumers continue to struggle. While Biden is in wonderland, American consumers are in hell. Savings as a percentage of GDP is actually NEGATIVE as sticky price …
2/4Lower deposit rates may be justified, given low and negative inflation, but their impact on Chinese consumption is complex. On the one hand, they may encourage Chinese households to save less out of current income, although this depends on their saving targets. — Michael Pettis (@michaelxpettis) December 22, 2023 4/4The best way to redirect demand …
Consumers are opting for BNPL services despite potential financial risks. This is how you delay a banking collapse by continually extending credit. Yes, and these BNPL offerings are also happening as the personal savings rate has been in a downtrend since May.https://t.co/iytYsrl5X1 — David Sommers (@dgsommersmkts) December 20, 2023
Americans' savings rates slid again in the third quarter, per Axios: pic.twitter.com/sBEvKXNTjn — unusual_whales (@unusual_whales) December 14, 2023 The economic landscape in the United States is becoming increasingly challenging as Americans grapple with a combination of dwindling savings rates, soaring restaurant prices, and a weakening U.S. Dollar Index ($DXY). The latest Consumer Price Index (CPI) …
via JAMES RICKARDS: Are gold prices and interest rates joined at the hip? Based on recent market action, it would appear the answer is: yes. A major rally in gold is now underway. Gold moved from $1,831 per ounce on Oct. 6 to $2,091 per ounce on Dec. 1, a 14.1% rally in just eight …
Recent data from Redfin reveals a notable shift in the real estate landscape, indicating a decline of over $100 in the median monthly mortgage payment within the last month. This coincides with a drop in mortgage rates from 8% to 7.3%. Despite the potential benefit for homebuyers, Redfin emphasizes that high mortgage rates are contributing …
Eurozone data paints a bleak picture of economic distress: retail sales plummet, wages pose risks, but savings have drained, financing is tight, and uncertainty looms, likely leading households to curb spending. Germany’s industry remains in a slump, facing weak demand and declining production. Despite a glimmer of hope in high order stocks, urgent concerns persist …
The dwindling demand for oil-based lubricants, reaching its lowest point in over four decades, is a stark indicator of the challenges facing the manufacturing sector in the United States. This decline in demand is far from indicative of a ‘soft landing,’ and while circumstances may differ this time, historical data presents a concerning pattern. Over …
Biden’s Dept of Fake Data persists in downplaying the dire jobs situation, risking the stability of the economy. Job openings are plummeting, mirroring past financial crises, as the consumer’s dwindling savings set off alarming warnings about impending economic turmoil. Biden's Dept of Fake Data doing its thing: August jobs revised down by 62,000, from +227K …
by confoundedinterest17 To paraphrase AC/DC, the US is back in red. Let’s start with personal savings as a percentage of disposable income. It has been in the red (meaning very low) under Billions Biden. And The Fed is really in the red under Biden’s inflation rattling spending with losses leading to a surge in remittances. And …
by confoundedinterest17 Biden’s leading “economist” Lael Brainard loves to brag about the strong economy under Bidenomics, and then pulled a brain freeze when asked about crashing savings rates as consumers struggle with inflation. The good news? One of The Fed’s favorite inflation indicators – Core PCE Deflator – slowed to 3.7% YoY in September (its lowest …
The notion of “excess savings” appears to be unraveling as the U.S. Savings Rate took a notable hit in September. We can cancel the "excess savings" idiocy In Sept, the US Savings Rate collapsed from 4.0% to 3.4%, the lowest this year, and the 4th month in a row of declines. And this is after …
With burgeoning credit card debt, soaring interest payments, and rates not seen since the Financial Crisis, a breaking point looms closer. The consumer is on thin ice as US personal savings rate has collapsed This indicator has dropped from record highs in 2020 to levels last seen during the Financial Crisis To make things worse, …
The FBI on Friday issued a public service announcement warning senior citizens of “a recent nationwide increase in ‘Phantom Hacker’ scams” that are wiping out victims’ life savings. “Between January and June 2023, 19,000 complaints related to tech support scams were submitted to the FBI Internet Crime Complaint Center (IC3), with estimated victim losses of …
by confoundedinterest17 Wasting away again with Bidenomics, code for massive Federal subsidies to green energy donors. And incentives to buy impractical EVs. Imagine in an emergency and your car only goes 200 miles (and then you have to wait for an available charger to come open). Well, the top 1% are doing fine. But the bottom …
Americans outside the wealthiest 20% have run out of extra savings and now have less cash on hand than they did when the pandemic began. The figures point to dwindling firepower available for US consumers, whose resilience has kept the economy growing at a rapid clip this year… pic.twitter.com/EAqcYXRo1y — Holger Zschaepitz (@Schuldensuehner) September 25, …
by Dismal-Jellyfish https://www.federalreserve.gov/monetarypolicy/files/BeigeBook_20230906.pdf This report was prepared at the Federal Reserve Bank of Kansas City based on information collected on or before August 28, 2023. Highlights: “Some Districts highlighted reports suggesting consumers may have exhausted their savings and are relying more on borrowing to support spending.” “Bankers from different Districts had mixed experiences with growth …
