Independent thinking for complex markets and current events
Market turbulence ensues as S&P 500 futures plummet nearly 100 points within minutes following March CPI inflation data. Rising inflation for the second consecutive month sparks concerns and fuels speculation about potential rate cuts. BREAKING: S&P 500 futures are now down nearly 100 points in less than 10 minutes after March CPI inflation. The 3.5% …
Here's an interesting trend: More than 60% of US federal spending is now deemed as "mandatory." This is more than DOUBLE the amount deemed as mandatory in the 1960s. Meanwhile, interest expense now accounts for 11% of the budget and is expected to reach 14% by 2029. In… pic.twitter.com/GqG2npgBT9 — The Kobeissi Letter (@KobeissiLetter) April …
In the months before Bed Bath & Beyond declared bankruptcy last April, the former home goods titan was trapped in a crushing cycle. The retailer had been failing to pay its vendors on time, if at all. During the pivotal holiday season, some began requiring payment when goods were delivered or refusing orders altogether, which …
In a move that has sent shockwaves through the financial world, Tim Buckley, the CEO of investment giant Vanguard, has suddenly quit his job. This bombshell announcement has raised a lot of eyebrows and has people speculating about the real reasons behind Buckley’s abrupt exit. Many experts are warning that this could be a sign …
The Big Apple’s most expensive studio apartment, which sold for an astonishing $3.88 million in an all-cash deal in 2023, has since lingered on the market as a rental that nobody seems to want — even as its asking price plunges. The ambitious new owners asked a cool $38,000 a month for the single room …
JetBlue Airways Gary Leff at ViewFromTheWing.com found that JetBlue had offered to pay 350 pilots half of their maximum hours (or 2/3rds of average compensation) for the month of April to not fly at all. He points out that following the retirement of CEO Robin Hayes, and the entry of investor Carl Icahn, the carrier …
Former President Trump is pulling more support than President Biden in at least seven swing states that are likely going to determine the election, a survey released this week found. The Bloomberg News/Morning Consult poll found Biden trailing Trump in several critical states — Arizona, Georgia, Pennsylvania, Michigan, North Carolina, Nevada and Wisconsin — when voters were …
via Yahoo: The Defence Secretary is set to pledge to send 20,000 British military personnel to a major Nato exercise in eastern Europe as he warns the post-Cold War “peace dividend” is at an end. Grant Shapps will warn that “battle lines are being redrawn” as he announces the deployment of Army, Navy and RAF …
Subprime Auto-Loan Delinquencies Rise to 2019 Levels: a Dive into Subprime Lending and Securitizations pic.twitter.com/A5gyIrxj3e — QUACK (@RichQuack) January 14, 2024 Credit Card Debt Climbs: 56 Million Americans in Prolonged Debt Amid Economic Pressures The credit card debt situation in the U.S. is becoming increasingly concerning, with a record $1.08 trillion in balances as reported …
@ The Kobeissi Letter Office building prices in the United States have experienced a substantial downturn, witnessing a significant 40% drop from their peak over the past two years. The past year alone has seen a massive 30% decline, leaving one in five office buildings vacant across the nation. The gravity of the situation is …
I always find this chart staggering to look at. We've never seen the Federal Reserve slow the economy this violently before. Rates went from 0% to 5.33% within 18 months. That's unheard of. https://t.co/KoQ4CsPV0H pic.twitter.com/2vldAWuGei — Financelot (@FinanceLancelot) December 23, 2023 Don't believe that data. If inflation is 10% but official numbers say 5%, then …
Oh wait, let me get this straight, China is one of the biggest global polluters and co2 emitters and they’re having a problem with extreme cold? Kind of rules out the whole global warming thing, doesn’t it? via Yahoo: “More low temperature records tumbled across China on Thursday, as the country endures a persistent cold …
World debt has been in “Up Only” since 1972 And has risen even more rapidly since 1997 It’s now crossed $225 trillion There’s no looking back now pic.twitter.com/iVoQrabJgj — Bravos Research (@bravosresearch) December 15, 2023
According to a report by NBC News on Tuesday, December 12, 2023, the U.S.-Chinese military hotline, which was expected to be restored following the Biden-Xi summit, remains inactive, causing concerns about the lack of direct communication between the two military powers. Despite President Joe Biden’s announcement of an agreement to resume direct military communications, U.S. …
https://twitter.com/NeilMispelaar/status/1733611415397605745 Joe Rogan about Justin Trudeau “That guy can eat shit” pic.twitter.com/6Iw2vJpd80 — Matt in Vancouver (@belligerentNuck) December 8, 2023
Since Elon Musk Bought 𝕏: -SEC sues Musk over the purchase -FTC demands internal 𝕏 documents-Biden DOJ sues SpaceX for not hiring refugees for secret rocket technology-Biden DOJ and SEC open investigations against Tesla over a literal glass house-Biden DOJ opens criminal… pic.twitter.com/L6va2tmdka — End Wokeness (@EndWokeness) December 6, 2023
The rise of Geert Wilders and the anti-immigration PVV party in the Netherlands, securing 35 seats and becoming the largest party, sends a powerful message about the growing influence of nationalist sentiments. In the face of his impending victory, the ban on Wilders from speaking about mass immigration in the U.K. in 2009 takes on …
DC Commercial Real Estate in Crisis: Dupont Circle Office Building Sells at 77% Discount, Plunging $72M from 2016 Price. The $21M transaction is over $50M less than 2019, with the previous owner, a co-working company, defaulting on a $65M loan. Amidst reports of owners surrendering keys to lenders, the city is in the early stages …
BREAKNG: The US and its NATO allies served notice Tuesday that they will formally suspend their participation in a 1990 treaty limiting conventional forces in Europe, marking the demise of landmark arms control agreement – WSJ pic.twitter.com/Mrimxvdoaf — Insider Paper (@TheInsiderPaper) November 7, 2023 With @NATO, we're reinforcing Alliance-wide resilience against threats and challenges to …
by TonyLiberty 1) Worsening job sentiment indicators suggest that employees are growing more pessimistic about the economy, the labor market, and their ability to find a job. • If job sentiment is weakening, it implies consumers will pull back on discretionary purchases. This can negatively impact GDP growth as spending slows. It also signals potential …
Global manufacturing PMI dropped to 47.6 in October, the lowest since Covid and below the 50 threshold for 14 months, indicating a clear global slowdown, with the decline driven by activity components while price pressures remained steady. 1/5. October global manufacturing PMI was down by 1pt to 47.6, the lowest level since Covid and below …
The Japan 10y swap goes beyond the 1% ceiling, BOJ's UEDA in shambles pic.twitter.com/MDrgOWzNgg — Alessio (@AlessioTMAD) October 31, 2023 The BOJ's strategy seems to be as obscure as possible as it tiptoes away from yield curve control. What does this even mean? “We decided that it’s appropriate to increase flexibility so that long-term yields …
The People’s Bank of China’s massive cash injection of 733 billion yuan, an unprecedented record high, through reverse repos sends a clear message that policymakers are committed to maintaining low interest rates to boost the emerging economic recovery. Additionally, China’s issuance of $137 billion in sovereign debt underscores their dedication to supporting their economy during …
https://t.co/QExVpGvRNS — Win Smart, CFA (@WinfieldSmart) October 6, 2023
https://twitter.com/NorthmanTrader/status/1706683773809471667 US New Home Sales Crashed In August https://t.co/a5z87RkW9M — zerohedge (@zerohedge) September 26, 2023 Sales of newly built homes reverse course, drop nearly 9% in August https://t.co/Lq2RTuNWjz @uscensusbureau — Diana Olick (@DianaOlick) September 26, 2023 Home prices in the US will fall 30%, per Jeremy Grantham. — unusual_whales (@unusual_whales) September 26, 2023 Imagine that. …
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 …
WeWork is in serious trouble, and it could be the canary in the coal mine for the US commercial real estate sector. What’s going on at WeWork? WeWork dropped a bomb in in its second-quarter earnings on Tuesday. “As a result of the company’s losses and projected cash needs, combined with increased member churn and …
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 …
