Independent thinking for complex markets and current events
In the midst of holiday festivities that captivated the attention of many, a seismic shift silently unfolded within the intricate web of the global banking sector. The evolving narrative tells a tale of banks tightening their fists, shutting down branches, and adapting to the evolving digital landscape. https://www.youtube.com/watch?v=BBtYaE3vhrU
This frustration is a common sentiment. While official statistics report a modest 5% increase in food outside the home, many consumers, like this individual, perceive a more significant rise, possibly around 20%. It’s not just about the cost; there’s concern about diminishing quality in both food and service. The gap between official figures and lived …
CNN – Restaurant prices are way up. You might want to head to the supermarket. “If you’re watching your budget, it might be time to skip the drive-thru and head to the supermarket. In the 12 months through October, higher restaurant prices drove food prices above overall inflation, even as grocery prices were relatively low. …
Good question. We have nearly $34 trillion in national debt.It grew by over $1 trillion between July 1 thru Sept 30th.It grew another $500 billion in October. The US Treasury has already announced they plan to borrow another $1.5 trillion in the next 6 months. We are… https://t.co/Q7Ac66vw99 — Wall Street Mav (@WallStreetMav) November 6, …
via kake BRUSSELS (AP) — These days, think twice before you lavishly ladle olive oil onto your pasta, salad or crusty bread. Olive oil, a daily staple of Mediterranean cuisine and the life of many a salad throughout Europe, is experiencing a staggering rise in price. It’s a prime example of how food still outruns …
Cities like Phoenix on the brink of recording all-time high eviction numbers, as a growing number of apartments resort to desperate measures, including offering three months of free rent, amidst an unprecedented construction boom. The housing rental market is absolutely FUCKED. We've been reporting cracks in vacancy rates for over 6 months. Its ugly, we're …
Home price-to-income ratios are skyrocketing in the world's major cities. In Shanghai, home price-to-income ratios just crossed 50x. China now has 5 cities with home price-to-income ratios above 30x. Even in New York City, home price-to-income ratios just hit 10x. Living in… pic.twitter.com/C3rd30IF79 — The Kobeissi Letter (@KobeissiLetter) October 11, 2023
This is starting to get a little scary. Cause Unknown. “The department says employees were out due to injuries, planned vacations and an increase in COVID illnesses.” Either we have a new pandemic or something else is going on. 💉 https://t.co/pSfga1dYtG pic.twitter.com/sE8vYlrPnE — Edward Dowd (@DowdEdward) September 27, 2023 h/t Tonight We Ride!
The contrast between the United States in 1960 and 2023 is quite striking when you look at these key economic figures. Back in 1960, the median family income stood at $5,600, while the median cost of a house was $11,900. These numbers illustrate a very different economic landscape, where incomes were considerably lower compared to …
The price of energy and food, along with most other things, has risen rapidly since Biden took office, as Democrats have sought to destroy energy industries and have issued costly regulations as fast as they can. Now the WSJ has written an article showing that health insurance costs are skyrocketing again, with the biggest increases seen in …
US debt-service costs are now at their highest since 2009 as rates soar. Over the next year, this will continue to rise as US debt is refinanced at higher rates. Yet another sign that $4 trillion in "free stimulus" is not really free. There's no such thing as free money. pic.twitter.com/NQxC2VozHO — The Kobeissi Letter …
by confoundedinterest17 Jay Leno once quipped about the Obama meal. “Order anything you want and hand the bill to the person standing behind you.” Biden, like his boss Obama, is praciticing a similar strategy. Spend like a drunken sailor and just keep borrowing until the whole thing breaks. The barrage of fresh Treasury bills poised …