Independent thinking for complex markets and current events
As global debt skyrockets to nearly $310 trillion and gold reclaims its position above $2,000, investor @Frank_Giustra warns of an impending crisis dwarfing the impact of the 2008 recession. With gold poised for a breakout from a triple-top formation and historical trends suggesting resilience during rate-hike pauses by the Fed, the stage is set for …
https://www.youtube.com/watch?v=6KwtJhaLqzw We have good news if you’re in the market for a new or used car: The U.S. auto market is finally facing the shift everyone was waiting for – prices are reporting significant month-over-month declines, and a set of factors, including a higher-than-expected rise in supply, will lead to even steeper price cuts in …
The recent change in Jerome Powell’s approach is indeed noteworthy. Having refrained from criticizing Congress during the extensive $6 trillion COVID spending period, his newfound willingness to do so suggests a shift in tone and approach. 5 years late, Jerome Powell finally admits maybe federal spending is a problem. When your professional counterfeiter is worried …
New Zealand voters have overwhelmingly rejected the Labour government, with the National party gaining significant support, signaling a major shift towards right-leaning politics in the country. This marks a stark contrast to the previous election when the Labour party, led by Jacinda Ardern, secured a significant victory. New Zealand abandons Labour and shifts to the …
https://twitter.com/TheMattOMalley/status/1711080047744803113 https://twitter.com/FinanceLancelot/status/1710011432572526844 🚨 What Bankers Are Saying About Another Possible Crisis It's all planned… https://t.co/NJ3EDVGJ0h pic.twitter.com/uvKvhyTIRO — Financelot (@FinanceLancelot) October 6, 2023 BREAKING: U.S. Banks U.S. Bank losses on held-to-maturity assets have soared to an ALL-TIME HIGH of $400 Billion 👀 pic.twitter.com/NE16Uccu0b — Barchart (@Barchart) October 6, 2023
The 10-year note yield is skyrocketing and now at 4.63%, its highest since June 2007. Since last week’s Fed meeting, the 10-year note yield is up 35 basis points. Since the last Fed rate hike in July, the 10-year note yield is up 60 basis points. Interest rates on just about… pic.twitter.com/7bsPQk30ma — The Kobeissi …
View post on imgur.com Germany needs to implement structural changes if it wants to prevent a political shift to the right, Commerzbank CEO Manfred Knof told CNBC at the Handelsblatt Banking Summit 2023. When asked if he was concerned that the rise of right-wing parties in Germany was a potential threat to the German economy, …
THAT’S CERTAINLY THE GOAL: Voters: Biden’s America becoming a ‘police state.’ Nearly three-quarters of voters believe that America is “becoming” a police state under President Joe Biden, whose administration has invested heavily in investigations of Republican politicians and political challengers. According to the latest Rasmussen Reports survey, 72% said that they are concerned that “America …
Zelensky’s administration, often criticized for corruption, might face turbulent times ahead. This move raises questions about the future of Ukraine’s leadership. The sentiment among some Senators is clear: they believe it’s time for a change. The House is already on record for ending Ukraine funding and now the Senate joins in. Looks like Zelensky's corrupt …
Apple is now backing a California right-to-repair bill, a major shift in the company’s attitude toward the movement and a potential boon for the environment, according to a letter obtained by CNBC. California Senate Bill 244 would require manufacturers such as Apple to allow customers to fix their broken or damaged devices. It was introduced …
by Chris Black Japanese investors have already begun adjusting investment portfolios away from U.S. bonds in light of rising FX hedging costs (https://archive.is/BGtTQ) and in anticipation of higher JGB yields (https://archive.is/8MWKR). Official sector data (https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html) show a notable decline in Japanese holdings of Treasuries, a slight decline in Agency MBS, and a modest increase in …
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 …
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