Inflation Alert! Purchasing power of dollars continues to VANISH! In June, purchasing power of $100 in January 2000 is now $55.40 (-$.20 from April & $1 since January!) July 12, 2023 10:24 pm
US Treasury 10Y-2Y Yield Curve Stumbles To -91.166 BPS As 30Y Mortgage Rates Climb To 7.37% (30Y Mortgage Rate UP 156% Under Bidenomics) Since November 3, 2022, US Dollar Index DOWN -9.68%, Gold UP 18.55%, Bitcoin UP 51.11%! July 11, 2023 4:09 pm
Q2 bank earnings begin Friday; Analysts are expecting the worst earnings decline since the pandemic, -7%. July 11, 2023 10:12 am
Bidenomics! Bank Credit Slows To 0.5% YoY, Lowest Since 2011 As Fed Hikes To Fight Bidenflation (41+ Countries Sign On For BRICs Gold Standard) July 10, 2023 10:19 am
32 Tons! Corporate Bankruptcies Reach Highest Level Since 2010, Bank Term Funding Program At $102 BILLION (Total Debt & Unfunded Liabitilies = $224.5 TRILLION) July 9, 2023 8:03 pm
Recession: It’s Already Here! US Household Net Worth Growth Goes Negative For 3 Consecutive Quarters (Worse Growth Since The Great Recession And Financial Crisis) July 8, 2023 10:58 pm
Federal Reserve data shows US banks’ deposits plummeted by 7.88% since April 2022, reaching $921 billion. July 6, 2023 9:52 pm
Gap Between Canada’s Rich and Poor Is Widening at Record Pace. Fun fact: Justin Trudeau of the Liberal Party has been in power since 2015. July 5, 2023 9:10 pm
Addicted To Gov! Mortgage Rates UP 150% Under Biden, 10Y-2Y Most Inverted Since 1981 (Unfunded Liabilities 5x National Debt) Gold, Silver UP July 4, 2023 9:41 pm
US debt surges $851 billion since June 3rd suspension. Howell predicts Fed’s balance sheet expansion to $10 trillion for US obligations. July 4, 2023 10:22 pmJuly 3, 2023 9:11 am
Personal savings drop, lowest since 2013 amid high credit card debt and interest rates. July 2, 2023 7:41 am
The two-year yield spiked by 18 basis points to 4.89% at the moment, the highest since the last trading day before the official beginning of the banking crisis June 30, 2023 7:37 am
Bud Light sees biggest decline in sales since Dylan Mulvaney. Executives responsible for Boycott fired. June 27, 2023 7:11 pm
This proxy measure is below its lowest levels since 1998, indicating poor profit potential and fleeing deposits, limiting banks’ ability to lend. June 27, 2023 2:35 pm
$700 billion increase in US National Debt since the debt ceiling was suspended 3 weeks ago: June 26, 2023 8:11 pm
The share of nonfinancial firms in financial distress has reached a level that is higher than during most previous tightening episodes since the 1970s June 25, 2023 7:53 amJune 23, 2023 10:26 pm
Core CPI in Japan Worst since 1981. Food Inflation Worst since 1976. Hyperinflation incoming? June 23, 2023 6:54 pm
Banks tighten lending standards amid rising rates, potential economic slowdown. Global yield curves invert, highest 2-year rates since 1992. June 23, 2023 10:33 pmJune 23, 2023 8:37 am
Living La Vida Biden! US Existing Home Sales DOWN -23.16% YoY In May As Fed Pauses And Prices Tumble Most Since 2011 (Inventory For Sale STILL Missing In Action) June 22, 2023 12:58 pm
SEC charges Marcum LLP with quality control failures and audit standard violations in SPAC clients since 2020, resulting in a $10 million penalty. June 21, 2023 3:03 pmJune 21, 2023 2:14 pm
I guess they can’t suppress the VIX forever. Haven’t seen a move in VIX like this since August of last year. June 21, 2023 9:19 am
US Housing Starts Surge Most Since 2016, Exceed All Estimates (The Pause That Refreshes As Fed Dot Plots Suggest Return Of Zorp [Zero Outrageous Rate Policies!) June 20, 2023 9:21 pmJune 20, 2023 11:17 am
Apollo Global Management chief economist Torsten Slok: “Since SVB collapsed, the Fed has been adding liquidity, and the S&P 500 is up more than 10%. The high correlation between Fed net QE and the S&P 500 seen in the chart below suggests that Fed liquidity is a crucial driver of the stock market,” June 19, 2023 8:55 pmJune 19, 2023 9:36 am