Credit card delinquencies are starting to go vertical. Brian Moynihan worries about a spending slowdown

Credit card delinquencies are starting to go vertical pic.twitter.com/QcBcMdmbDF — QE Infinity (@StealthQE4) June 1, 2024   ‘We got to keep the consumer in the game’: Brian Moynihan worries about a spending slowdown Bank of America’s CEO says inflation has been sapping U.S. sentiment Bank of America Corp. Chief Executive Brian Moynihan said the economic …

READ MORE

Homebuyers Starting to Revolt Over Steep Prices Across USA…

(Bloomberg) — The US housing market — long crippled by an inventory drought — is finally starting to see listings rise. But now, in many places, the buyers just aren’t showing up. Sellers are grappling with the fact that higher-for-longer rates are choking off demand during what’s typically the key season for the market. And …

READ MORE

Nasdaq starting to look like Swiss cheese

Nasdaq starting to look like Swiss cheese So many gaps need filling lower, it might as well feature in a no more gaps commercial . And all gaps eventually fill on an index , Especially the big ones . pic.twitter.com/b6QFxrQVjP — The Great Martis (@great_martis) May 16, 2024 Systems are more important than emotions in …

READ MORE

A Restaurant Apocalypse Is Starting To Sweep Across America & That Is Bad News For The U.S. Economy

You just have to look around and see what’s happening to the restaurants in your area to understand that the U.S. economy is headed in the wrong direction. When the economy is booming, restaurants are full and chains open more locations to expand their business. But when the economy is struggling, restaurants get increasingly emptier, …

READ MORE

Biden starting trade war with China

(At least that’s what they called it when Trump did it.) Biden to increase tariffs on $18 billion in Chinese imports in a new warning to Beijing President Joe Biden is increasing tariffs on $18 billion in Chinese imports across a handful of sectors deemed strategic to national security – an attempt to cripple Beijing’s …

READ MORE

Denmark is drafting 5000 women to war starting in 2026

(Words typed below are the first minute of the video. Not my thoughts) More proof that Russias wartime reach extends well beyond the front lines in eastern Ukraine, for the first time ever, Denmark plans to draft both men and women into military service. It’s only the third European country to do so following Norway …

READ MORE

Stock Market Bubble Starting to Crash

The current stock market bubble has been persistent over time but it is showing the first signs of cracking. No stock market crash in sight, but the fundamentals are clear – it is about when. But then of course, no stock market crash for a decade can also be possible. I predict that all of …

READ MORE

Housing is starting to buckle in certain pasts of the country

Housing market shows signs of strain; historic anomaly suggests prices may soon decline in many areas.With housing prices poised for a potential reversal, the market grapples with a historic anomaly set to reshape perceptions. Surging inventory, exemplified by a 51% growth in Cape Coral, FL, and the looming “Airbnbust,” hint at a significant shift in …

READ MORE

This is starting to look like a $JPY controlled demolition…

This is starting to look like a $JPY controlled demolition……… https://t.co/jMaIsMW39T pic.twitter.com/Q9oPhmqleO — JustDario 🏊‍♂️ (@DarioCpx) April 22, 2024 The situation becomes more serious when the Bank of Japan (BOJ) is forced to intervene, potentially unleashing disorderly currency trading and “flash crash” contagion across the “carry trade” universe. Major currency crisis dynamics will be at …

READ MORE

So this project has been running since 1979. And it’s just now “starting”.

Nation’s first high-speed rail project continues to expand, creating over 10k jobs: ‘We couldn’t build this system without them’ Californians have been waiting for a high-speed rail network since it was first proposed in 1979, and after many fits and starts, it appears that the project is finally gaining steam. According to the California High-Speed …

READ MORE

Even reporters are starting to ask the obvious questions.

Biden gets confused when a reporter tells him in Pennsylvania: "When you drive around the area, you see a lot of Trump signs, not very many Biden signs…" pic.twitter.com/8KUkorKM1k — RNC Research (@RNCResearch) April 18, 2024 Every day I see Trump; Flags, Yard signs, Flyers, T-shirts, Hoodies, Bumper stickers. I live in California. I don’t …

READ MORE

FICC introduces new fee, 10% of VaR, for increased volatility around specific Fed releases starting Monday.

In an unprecedented move, the FICC has just announced a new charge for increased Volatility around certain Fed releases – starting Monday. The charge will = 10% of members' VaR, accruing two days prior to, and the day of the specified Events below (/if conditions are met). pic.twitter.com/x7FgOaWdwj — M.B. (@741trey) April 12, 2024 This …

READ MORE

ATTENTION: Housing defaults have just hit the highest levels since 2013. This is now starting to look scary

ATTENTION: Housing defaults have just hit the highest levels since 2013 This is now starting to look scary pic.twitter.com/IP2J3mCYHs — Bravos Research (@bravosresearch) February 18, 2024 Home prices just saw the largest year-over-year decline, dating back to 1964: https://t.co/kn2vAsyI15 — Reef Insights (@ReefInsights) February 20, 2024 Na pic.twitter.com/eBLQWa1HGM — Darth Powell (@VladTheInflator) February 20, 2024

Bank bonuses are starting to drop.

Wall Street banks are preparing to communicate 2023 compensation to staff. Bonuses will likely be flat or down from last year, which was markedly disappointing. Business Insider compiled a schedule for when each big bank will tell employees what they made.   Starting this week, the nation’s biggest banks — from JPMorgan to Goldman Sachs, …

READ MORE

Even The Mainstream Media Is Starting To Admit That The World Is Teetering On “The Brink” Of Complete And Utter Chaos

by Michael A “perfect storm” is raging all around us, and our world is so close to plunging into a complete and utter state of chaos that even the mainstream media is talking about it.  The past several years have been a time when multiple major wars have begun, pestilences have paralyzed the entire planet, …

READ MORE

UNEXPECTEDLY! It’s starting to look like China regrets its private-enterprise crackdown.

via businessinsider: “China held its annual Central Economic Work Conference, or CEWC, on Monday and Tuesday. It was attended by all of the country’s top leaders, including President Xi Jinping and Premier Li Qiang. A document released after the conference sets the agenda for China’s economy — the second-largest economy in the world — for …

READ MORE

People are starting to fight back across the globe.

In a breaking development, a significant protest against mass migration has erupted in Lyon, France, serving as a tribute to Thomas and 17 others who fell victim to a migrant stabbing incident in Crépol a week ago. This echoes a pattern observed in Dublin last week, where a similar protest emerged in response to a …

READ MORE

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.