The US national debt has increased by $1.8 trillion since the “debt ceiling crisis”. They did it in less than 2 months. At this rate, in 3 months, the debt will be 4 trillion. US Treasury is issuing $102B of long-duration bonds in the upcoming weeks. July 31, 2023 2:51 pm
Corporate bonds yield 0.12% above Fed Funds rate, the lowest level since 2007, and several indicators suggest a severe recession. July 31, 2023 9:08 am
This Whole Industry is Crashing at the Fastest Rate Since the GFC (And Why It Has Dire Consequences) July 28, 2023 9:00 am
A BILLION HERE AND A BILLION THERE…: Meta’s Reality Labs has now lost more than $21 billion since the beginning of last year. July 27, 2023 9:47 pm
Nominal hedges are cheap but expensive for portfolio performance during melt-up… Therefore they’re the longest since the top. July 27, 2023 2:52 pm
Debit Balances in Customers’ Securities Margin Accounts increased by $37,058 million, or 5.75% from May to June–the biggest jump since December 2022. This implies that customers are borrowing more money from their brokers to buy securities on margin. July 27, 2023 10:28 am
KJP “Hurts So Good” Presser: Prices UP 16.6% And Real Wages Down -3% Since Biden Took Office (Food UP 56%, Gasoline UP 52%, Mortgage Rates UP 153%) Hurt So Good??? July 26, 2023 9:15 am
Biden’s Mortgage Market! Mortgage Demand Falls 1.8 Since Last Week, Purchase Mortgage Demand Down -49% Since April 2021, Refi Mortgage Demand Down -87% As Mortgage Rates Up 115% (Hurts So Bad?) July 26, 2023 8:58 am
Economic and social terrorism by elite and Federal Reserve rewards speculators; Financial conditions are loosening at a fairly steady clip, even as the Fed prepares to hike rates to the highest level since 2001. July 26, 2023 8:31 am
Joe Biden approved $400 million in aide package to Ukraine, marking 43rd US aide package since February 2022. July 25, 2023 10:20 am
$78 billion withdrawn from commercial banks last week (7/5-7/12). $869 billion in deposits has been pulled since the all time hit 4/13/22. With the FDIC announcement today banks aren’t reporting their uninsured deposits correctly, will this re-accelerate the bank run already picking up pace again?!? July 24, 2023 7:47 pm
Bidenomics? Since January 2021, Regular Gasoline Prices Up 57% Under Biden, CRB Foodstuffs Up 55% As Strategic Petroleum Reserves DOWN -46% (10Y-2Y Treasury Curve Inverts To -102.45) July 24, 2023 10:09 am
The Sequel Is Here: Housing Crash 2 Accelerates As Home Sales Drop To The Lowest Level Since 2009 July 23, 2023 7:04 amJuly 20, 2023 10:44 pm
$SPX decouples from global liquidity proxy for first time since pre-2020 rally…The shock will be extreme July 21, 2023 7:27 amJuly 19, 2023 9:39 pm
Home price-to-income ratio surpasses 2008 housing bubble. US median home price rises 38% since 2020, mortgage rates is up from 2.7% to 7.1%. They will kill houses? July 19, 2023 3:41 pm
USD closes lowest weekly candle since April 2022, Fed’s influence less significant.US 3-month Treasury 18-month Foward suggests soft landing unlikely. July 18, 2023 1:39 pm
Massive US Oil Caverns Sit Empty in Threat to Energy Security (Biden Has Drained 46% Of Strategic Petroleum Reserve, Gasoline Prices UP 48% Under Bidenomics, US Dollar Down -12.5% Since September 2022) July 18, 2023 10:13 amJuly 17, 2023 9:43 am
US government tax revenue dropped 9.2% in June, 7.3% TTM, largest drop since lockdown, and 15% increased spending. July 16, 2023 7:39 pm
Bank earnings next week may show deteriorating conditions… Since the Spring bank run, nothing has changed July 16, 2023 6:13 pmJuly 14, 2023 10:04 pm
Claim: Fingerprints Found on WH Cocaine Baggie ’We know who handled it… Since Last Week’ July 14, 2023 8:43 pm
There Goes The Economy! US Producer Prices Approach Deflation With 0.1% Annual Rise (US Dollar Down -8.2% Since Sept ’22 As Fed Tightens The Noose) Silver UP >2% Today! July 13, 2023 10:25 pm
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
