Independent thinking for complex markets and current events
by DesmondMilesDant The data in this graph is alarming. It shows that the US government’s interest payments on the federal debt are increasing as a share of the nation’s economy. This is unsustainable and will eventually lead to a fiscal crisis. The Debt Problem in America Is Only Getting Bigger The US is facing a grave …
by Chris Black US. Senate Minority leader Mitch McConnell freezes again while speaking at a press conference. U.S. Senate Minority leader Mitch McConnell freezes again while speaking at a press conference pic.twitter.com/NyPIWytNeJ — BNO News (@BNONews) August 30, 2023 Bro has no idea where he is. How is he allowed to run anything? Rhetorical question, …
The lead up: https://t.co/mOFVnTVsGn — Citizen Free Press (@CitizenFreePres) August 30, 2023 The highest positions of our government, on both sides of the aisle, are held by people who genuinely belong in a nursing home. How are we allowing this to happen? pic.twitter.com/wjIvkAOd2e — Chairman (@WSBChairman) August 30, 2023 Mitch McConnell freezes, struggles to speak …
by Dismal-Jellyfish Source: https://www.reuters.com/business/finance/credit-suisse-posted-4-billion-loss-2q-sonntagszeitung-2023-08-27/ Credit Suisse, which is now a subsidiary of UBS (UBSG.S), posted a loss of 3.5 billion Swiss francs ($4.0 billion) in the second quarter of 2023, according to a report in the Sonntagszeitung, which cited insiders at the bank. Spokespersons for UBS and Credit Suisse declined to comment. Credit Suisse had already …
https://t.me/intelslava/50754 However, Russian spokesman confirms Prigozhin is dead.
Several Republican lawmakers are seeking ways to sanction Fulton County District Attorney Fani Willis after she brought criminal charges against former President Donald Trump and 18 allies. Trump backers are going after Willis using a new state law approved by Gov. Brian Kemp that creates a state commission with power to sanction or oust prosecutors …
We cannot live with a decade of more of the same. Britain is extremely vulnerable to any mishap – a crack in the housing market, a crisis in the financial markets, another energy crisis. https://www.theguardian.com/commentisfree/2023/aug/13/uk-stop-kidding-ourselves-rich-nation-gone-bust
by Chris Black The Treasury’s new buyback program will have a humble beginning, but tremendous potential to become an essential tool with far reaching impact. Treasury first hinted at a buyback program (https://fedguy.com/the-marginal-buyer/) last August amidst concerns over poor Treasury market liquidity and finally decided to launch it next year. The most recent details (https://home.treasury.gov/system/files/221/TreasurySupplementalQRQ32023.pdf) …
New Hampshire 2024: Trump holds 40-point lead for Republican Nomination Trump — 49% (+40)Christie — 9%DeSantis — 8%Scott — 6%Burgum — 4%Haley — 4%Ramaswamy — 3%Johnson — 2%Pence — 1%Hurd — 1% Emerson (A-) | RVs | 08/09-11https://t.co/w43LyS2AwD pic.twitter.com/nPiu72invS — InteractivePolls (@IAPolls2022) August 15, 2023
WEST PALM BEACH, Fla., – PSQ Holdings, Inc. (NYSE: PSQH) (“PublicSq.” pronounced “Public Square”), a leading marketplace of patriotic businesses and consumers, today provided financial results for the second quarter ended June 30, 2023. Michael Seifert, Chairman and Chief Executive Officer of PublicSq., stated, “While so many companies are celebrating what is wrong, we choose to …
via Mike Shedlock For July, the BLS reports 187,000 jobs vs the Bloomberg Econoday consensus estimate of 200,000. ADP reported gain of 324,000. Last month, ADP reported a stunning jobs gain of 497,000 vs a BLS report of 149,000 private jobs. BLS nonfarm payrolls by job sector. Please consider the Bureau of Labor Statistics Monthly Payroll …
In the wake of a global lockdown, young professionals are entering the workforce having taken at least a semester of their college education online. The lack of hands-on learning might have left Gen Zers lazy or clueless when it comes to completing basic tasks on the job, some managers (said). “They’re not looking to be …
National Instant Criminal Background Check System (NICS) numbers released by the FBI at the end of July show the U.S. has enjoyed four years of one million-plus gun sales a month. The National Shooting Sports Foundation (NSSF) goes through the FBI’s figures following their release each month, and Public Affairs Manager Director Mark Oliva commented …
by Dismal-Jellyfish Reminder, while banks have the liquidity fairy, ‘we’ get the promise of 2 more rate hikes this year, Atlanta Fed President Raphael Bostic yet again enrichens himself inappropriately from his position. What I want to talk about this afternoon is–Commercial and Industrial Loans, All Commercial Banks. What are Commercial and Industrial Loans? Commercial and Industrial (C&I) …
by InternationalTop2405 It’s no surprise that the search term “recession” has spiked in recent years, as the global economy has taken a turn for the worse. What is surprising, however, is how much interest there is in this topic from around the world. People are clearly worried about their financial future and are looking for …
via BBC: Does it count as sexual harassment if an assault lasts less than 10 seconds? Many young people in Italy are expressing outrage on social media, after a judge cleared a school caretaker of groping a teenager, because it did not last long enough. The case involves a 17-year-old student at a Rome high …
Retail gamblers are trapped. After the best first half for Tech stocks in 40 years, institutions are dumping Tech stocks in the second half.https://t.co/It9OGJH69b Retail gamblers are trapped. pic.twitter.com/9ApQOQSKeP — Mac10 (@SuburbanDrone) July 10, 2023 Microsoft has been the most consistently dominant company of the past two decades. pic.twitter.com/7FiBWGSeS5 — Mac10 (@SuburbanDrone) July 10, 2023 …
via thedailydoom: San Francisco skyline | Photo by Patrick Perkins on Unsplash In the past, I’ve called this event the “Epocalypse” because it will be epic in scale and will eventually be seen as a new epoch in humanity’s economic history that will be apocalyptic in its level of economic destruction. That became the only thing Forbes ever quoted me on when I warned it was …
From the WSJ: Unrealized losses on bonds and loans held by U.S. banks are expected to have grown in the second quarter, potentially reanimating an issue that made investors nervous earlier this year. Meanwhile, pressure on profits is rising. A resilient economy and a steadier banking system caused market values for debt to generally fall …
You’re welcome -Tax Payers. h/t TonyLiberty
by confoundedinterest17 It is truly a Fed Inferno! Money supply growth fell again in April from Jerome Powell And The Fed, plummeting further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. April’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past …
Bank of America is tracking emissions to reduce them to net zero, but this is troubling for those who want to unleash America’s energy capability. It means that financing will be easier to obtain if emissions are lower. via breitbart: “This is the worst woke story I’ve seen,” Fox Business host Larry Kudlow said about …
HOLD ON TIGHT: Top economist David Rosenberg says the US economy is a ‘dead man walking’ – and warns of a ‘hard landing’ ahead. “You look at the United States and it seems to me that we’re still making this transition from expansion to recession,” Rosenberg said. “I know it sounds extremely controversial to talk about …
Well that’s why they legalized it! Marijuana users, regardless of state laws, have NO Second Amendment rights, according to ATF. https://twitter.com/offgridsurvival/status/1665439497365110786?ref_src=twsrc%5Etfw AC
SVB works with literally like half of all US VC-backed startups, and is similarly popular for their banking services in the UK and wider Europe. If they find they’ve lost any significant portion of their funding then we’re going to see a large wave of western start-ups wiped/ significantly hobbled by SVB collapsing. $42B WITHDRAWN …