Independent thinking for complex markets and current events
Credit @SagarSinghSetia LinkedIn — Wall Street Mav (@WallStreetMav) September 6, 2023
by confoundedinterest17 US personal savings are being exhausted as The Fed raises rates to fight inflation. I call this phenomenon “low riding” where consumers are being punished by The Federal Reserve and Biden Administration. Meanwhile, large bank loan volumes are shrinking. With money-market fund assets hitting new highs, and banks’ usage of The Fed’s emergency funds facility at …
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 surpassed $1 trillion. Getting into credit card debt at any time is not good, but …
JUST IN: Target, $TGT, says stores have seen a 120% increase in theft involving violence the first 5 months of 2023. Earlier this year, Target said they expect to lose $1.3 BILLION due to theft in 2023. This is up $500 million from theft losses in 2022. Rising retail theft is… pic.twitter.com/Xav6ZxdzY7 — The Kobeissi …
About 46% of renters in the U.S. are currently struggling to make ends meet, according to Harvard University researchers — unusual_whales (@unusual_whales) August 9, 2023 The cost of both buying and renting a house in America has skyrocketed since 2020. Buying a house now costs $2,700/month on average, up an alarming ~86% in 3 years. …
via dnyuz: Well, that didn’t take long. Like Threads before it, the network effect is at work for Apple’s new Savings account! Tech. Entertainment. Science. Your inbox. Sign up for the most interesting tech & entertainment news out there. Email: SIGN UP By signing up, I agree to the Terms of Use and have reviewed the Privacy Notice. …
For the first time in history, total credit card debt is about to cross $1 trillion. Since Q4 2020, total credit card debt is up over $200 billion. Americans currently hold a record $986 billion in credit card debt. 2/7 pic.twitter.com/L2cfwDWWEY — The Kobeissi Letter (@KobeissiLetter) August 1, 2023 According to a survey conducted in …
"There are a total of 45 million people with student loans, and the average monthly student loan payment is around $200, so resuming student loan payments in October will subtract roughly $9 billion from consumer spending every month, or roughly $100 billion a year" Apollo's Slok — Lisa Abramowicz (@lisaabramowicz1) July 31, 2023 This is …
In 2015, Ireland passed the Gender Recognition Act, which permitted trans people, beginning at age 18, to have their preferred gender recognized by the State. In 2007 however, Ireland was cited by the EU’s Convention on Human Rights as being behind the rest of Europe on this issue, and informed the country to correct the infraction. Ireland …
Credit Scores Abruptly Plunge As Americans Stop Paying Down Debt; Synchrony Financial Warns Over the past few years, tens of millions of consumers witnessed a remarkable increase in their credit scores, primarily due to helicopter money dished out by the federal government, rock-bottom interest rates, and a pause on student-loan payments. However, the party has …
Consumer savings are expected to run out by Sept 2023 This might be the turning point for the US economy A thread 🧵 pic.twitter.com/ZG1EkeDirO — Bravos Research (@bravosresearch) July 5, 2023 3/ Hard economic data indicates the U.S. has so far avoided a recession, with yearly economic production remaining positive pic.twitter.com/OS44wBg44i — Bravos Research (@bravosresearch) …
“The smart people have already paid the tab and gone home The remainder will wake up tomorrow with regrets” Don’t see a Recession? It’s Last Call at the bar The smart people have already paid the tab and gone home The remainder will wake up tomorrow with regrets https://t.co/jn65YPXxhk — Amy Nixon (@texasrunnerDFW) July 2, …
“Personal savings have plummeted following C19 It’s now at the lowest levels since 2013 WIth credit card debt and interest rates at their highest levels, consumers now face major headwinds” Personal savings have plummeted following C19 It’s now at the lowest levels since 2013 WIth credit card debt and interest rates at their highest levels, …
UK households withdrawing savings at fastest ever rate, official figures show UK households are pulling money out of their savings accounts at the fastest rate ever recorded, as they draw on rainy day funds to weather the cost of living storm. Figures from the Bank of England show households withdrew a net £4.6bn from banks …
Apple customers have complained they are struggling to access their savings – just over a month after it launched its high-yield account. The tech giant made headlines when it unveiled its new savings product in partnership with Goldman Sachs that offers a 4.15 percent interest rate – around 10 times the average yield offered by …
The government is technically in default? "QT has almost been entirely offset by Janet Yellen running down the Treasury Savings Account. She could have sold 10 years for under 1%… instead she runs down the Treasury Savings Account." pic.twitter.com/BMcFE6gGKk — Financelot (@FinanceLancelot) June 1, 2023 TGA fell to $37 billion yesterday. If The TGA has …