Independent thinking for complex markets and current events
by mark000 To believe in a global soft landing requires a mind to have “recency bias”, “confirmation bias”, “optimism bias” and “normalcy bias” knobs cranked up to 11. The backdrop right now is war: bad and getting worse, global financial system (banks and plumbing) with problems poised to burst, and a global economy on the …
China’s SkyNet Facial Recognition system. 850 million surveillance cameras all interlinked to track you every step of your daily life. Store, work, airport, hotel, concerts, sports games, etc. pic.twitter.com/bC1JKWtxdi — illuminatibot (@iluminatibot) January 9, 2024
Written by Walter Block on his substack blog: How does one describe our present banking system? It is like an upside-down pyramid, with the tippy top of it located at the bottom and the widespread base of it placed at the top. If even a slight wind comes along, it will knock down the entire …
Outrageous! Nearly 60% of households led by illegal aliens use welfare. Our system is being exploited! via breitbart: “Close to 60 percent of households headed by illegal aliens use at least one major form of welfare, an analysis conducted by the Center for Immigration Studies (CIS) reveals. The CIS analysis from Steven Camarota and Karen …
They keep kicking the can in that lawsuit – and they have been for 2 years. Each time that they kick the can, the costs goes up. Just like the US…banks are stuffed with these loans. The crap has hit the fan in China.When rates start going up again in the US…don't be shocked with …
You won't have to because we will withdraw from the Primary as a Party and convert to a pure caucus system if this is allowed to stand. — Colorado Republican Party (@cologop) December 20, 2023
Crime is rampant in California because the socialist Democrats hate law enforcement and promote the no-bail revolving door of violent crime. As long as Democrats have supermajority control, our cities will be a blight and our lives at the mercy of gangs. https://t.co/8UqP5eR9Hz — James Woods (@RealJamesWoods) December 18, 2023 https://twitter.com/ClownWorld_/status/1736839296332808626
Kyle Bass, Hayman Capital Management founder and CIO, joins ‘Squawk Box’ to discuss China’s real estate crisis, why he believes China is currently experiencing a banking system collapse, what it means politically for Chinese President Xi, potential impact on U.S. companies, and more.
Recent polls indicate a surprising trend: the more Trump faces indictments, the higher he rises in popularity. While correlation doesn’t necessarily imply causation, this phenomenon sheds light on a deep-seated distrust in the justice system and the Department of Justice (DOJ) among Americans. In a new Bloomberg/MC poll focusing on swing states, Trump emerges with …
In a surprising move, the Federal Reserve is hinting at multiple rate cuts in 2024, sparking questions about the stability of the financial system. This decision has historical echoes, as every major rate cut since the 1970s has been followed by a substantial 30% drawdown in the S&P 500. For the first time in recent …
via 10tv: DETROIT — Tesla is recalling nearly all of the vehicles it sold in the U.S., more than 2 million across its model lineup, to fix a defective system that’s supposed to ensure drivers are paying attention when they use Autopilot. Documents posted Wednesday by U.S. safety regulators say the company will send out a …
via bettermarkets: Dennis M. Kelleher, Co-founder, President, and CEO of Better Markets issued the following statement in response to the testimony of Wall Street’s CEOs today before the Senate Banking Committee. “Wall Street’s CEOs testified before the Senate Banking Committee today as if they were the chief employment and economic growth officers for the United States …
https://twitter.com/TheRabbitHole84/status/1732060272595218827
China’s Colossal Hidden-Debt Problem Is Coming to a Head [WSJ] China is trying to defuse a financial time bomb that could severely damage its banking system. Cities and provinces across the country have accumulated a massive amount of hidden debt following years of unchecked borrowing and spending. The International Monetary Fund and Wall Street banks …
“The Ukrainian military used a Western-supplied Patriot long-range missile system to take down five military aircraft over Russia’s border Bryansk Region in May, Air Forces spokesman Igor Ignat told journalists on Monday. Kiev had promised not to use donated weapons outside of territories that were part of Ukraine before 2014. The official praised Ukrainian troops …
The Reverse Repo Facility and the Repo market are crucial overnight lending mechanisms operated by the Federal Open Market Committee. While repos involve banks selling US Treasuries to the Fed to obtain cash for short-term needs, reverse repos occur when banks buy Treasuries from the Fed, allowing them to generate returns on excess cash. The …
It goes without saying but the actual quote from Reagan was "The nine most terrifying words in the English language are I'm from the Government and I'm here to help." pic.twitter.com/susfyAmWSJ — Greg Price (@greg_price11) November 27, 2023
https://twitter.com/_/status/1725841446748467635 Bravo, Ryan Casey! pic.twitter.com/eu92XoTJcw — Conor McGregor (@TheNotoriousMMA) November 18, 2023 Text from image: “It just sickens me to the core that someone can come to this country, be fully supported in terms of social housing, social welfare, and free medical care for over 10 years – over 10 years – never hold down …
The financial health of the American system is notably troubling across multiple fronts. Delinquency rates on commercial real estate loans have reached their highest levels in a decade. Bank stocks in the U.S. are faltering, hitting all-time lows when benchmarked against the S&P 500. Jamie Dimon and family are planning to divest $141 million in …
In a grim assessment, the pervasive corruption within the system stands as an undeniable truth. Rather than earnestly addressing and holding those engaged in corruption accountable, the establishments appear more inclined to silence and punish those who dare to expose the rot. The glaring injustice of this dynamic reflects a systemic failure that breeds anger …
The abuse of power up against President Trump in New York is without precedent. The whole process mocks the rule of law and civil rights. pic.twitter.com/0DVDyATh0P — Tom Fitton (@TomFitton) November 6, 2023 Trump’s Attorney Has Perfect Response When Judge Says ‘Control Your Client’ h/t Simian_Stacker
by demonbeanie The banking system is facilitated by uncollateralized debt; fractional reserve banking, which had seen the reduction of the reserve requirements to 0% in 2020. https://www.federalreserve.gov/monetarypolicy/reservereq.htm On your bank’s balance sheet, there are assets labeled “cash on hand,” which includes cash and cash equivalents which is physical dollars, MM accounts, CDs, Short-term gov bonds, and …
“Customers at several big banks on Friday wrestled with direct deposit delays stemming from an industry-wide processing issue…surge of “outages” reported by banking customers Fri morning, incl Bank of America, Chase, Truist, U.S. Bank…” via @CNBC “Customers at several big banks on Fri wrestled with direct deposit delays stemming from an industry-wide processing issue…surge of …
by Chris Black In its latest quarterly Treasury Marketable Borrowing Estimates report (https://home.treasury.gov/news/press-releases/jy1851), released yesterday, the Treasury announced its current estimates of privately-held net marketable borrowing for Q423 and Q124, (the October-December 2023 and January-March 2024 quarters). The amount of debt the Treasury expects to issue (https://home.treasury.gov/system/files/136/Sources_and_Uses_Oct_2023.pdf) this quarter is modestly lower, revised down from …
Markets are indicating a prolonged period of higher interest rates. Economist El-Erian warns Treasury bonds are losing their safe-haven status. Despite escalating tensions and a surge in bond issuance, yields are rising, and investors are turning to volatile assets, signaling a major downturn for the bond market. Rats are starting to jump ship. The foundation …
The International Monetary Fund (IMF) issues a warning, with Managing Director Kristalina Georgieva urging the world to prepare for higher interest rates due to persistent high inflation. The current scenario of surging U.S. bond yields, mirroring periods from the early 1980s that coincided with two recessions Bank of America with another 3-year low close despite …
BREAKING | The Ministry of Health in Gaza: The health system in the hospitals of the #Gaza Strip has completely collapsed. pic.twitter.com/aSU1DRuuFR — Quds News Network (@QudsNen) October 24, 2023 The injured civilians in Gaza are being operated on without anaesthetic. They are dying from their wounds slowly and in agony because there is no …
The US will build a "new world order" – Biden The current system has "run out of gas," the president told his supporters. pic.twitter.com/LvZHM4Y3no — Sprinter Press (@SprinterPress) October 21, 2023
