LA curfew spells disaster for restaurants

In the wake of the military occupation and nightly curfews in downtown Los Angeles, not only have hotels seen cancellations and steep declines in reservations, but restaurants are reporting losses of up to $100,000. It’s a dire situation for an industry that’s been battered for the past five years, first with the pandemic and most …

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Break in this cycle spells financial disaster…

One of the biggest sources of demand for equities remains the companies themselves. Its the self reinforcing cycle of higher asset px -> higher sales -> better cash flows -> more buybacks -> higher asset px… pic.twitter.com/Ykm3XvLw1i — Bob Elliott (@BobEUnlimited) March 13, 2024 You know, it’s a bit like a never-ending loop – when …

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Massive Unpaid Credit Card Debt Spells Financial Peril for Banks and Shareholders, with $C, $GS, and $BAC Feeling the Heat

When banks and companies extend $1 trillion in credit card debt and struggle to collect, it has far-reaching consequences. It leads to substantial financial losses, impacting profitability and lending capacity. Shareholders and investors witness a decline in the value of their stocks or company shares, affecting market value as seen with $C, $GS, and $BAC. …

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The dwindling US personal savings rate, now at levels reminiscent of the Financial Crisis, spells trouble for consumers.

With burgeoning credit card debt, soaring interest payments, and rates not seen since the Financial Crisis, a breaking point looms closer. The consumer is on thin ice as US personal savings rate has collapsed This indicator has dropped from record highs in 2020 to levels last seen during the Financial Crisis To make things worse, …

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