Independent thinking for complex markets and current events
by Qplus17 Britain is working on a new law where people can get 1 year in prison if they don't meet Net Zero goals and reduce their energy consumption. Remember when I warned that climate lockdowns would be coming? — PeterSweden (@PeterSweden7) September 12, 2023
by Dismal-Jellyfish https://www.federalreserve.gov/releases/g20/current/g20.pdf In June 2023, the total outstanding amount owed was approximately $1,850.9 billion dollars–up 14.7% from May! In the first quarter, the interest rate for new car loans was 6.4% with a maturity of 66 months financing $39,066. For used cars, 15.7% with 66 months financing at $23,537. Wut Mean?: Folks and businesses are …
Agustín Carstens, general manager of the Bank for International Settlements—which is the central bank of central banks—admits that CBDCs will grant central bankers "absolute control" over how they can used, and the technology to be able to centrally enforce that. Not "up to… pic.twitter.com/TfdKA2eEAT — Wide Awake Media (@wideawake_media) August 30, 2023 The state of …
🚨 NEW: Biden FEMA Administrator Deanne Criswell says @FEMA has NO plans to provide more than $700 worth of aid per victim of the Lahaina, Hawaii fires. Given the population of Lahaina was 13,000, that’s ONLY $1.9 MILLION TOTAL. Meanwhile, Biden’s pushing for another $23… pic.twitter.com/11XfNf4sED — Nick Sortor (@nicksortor) August 30, 2023 Florida got …
via CNBC: Part time workers will make $21 from currently $15.50. Full time workers will be paid $49 an hour an increase of $7.50 over the contract. Total compensation with benefits will be $170,000. Average base pay before overtime or benefits will be approximately $102,000. The new contract includes pay raises for both part-time and …
Earlier this year Powell said that his rate hikes had nothing to do with the U.S. bank run. Anyone who expects him to pull back for China's financial crisis, is smoking crack. THIS is Powell's dick in hand moment. The last week of summer is going to be a total gong show. pic.twitter.com/vaNgU6tpWG — Mac10 …
As many as 850 people are still missing and 114 are dead following apocalyptic wildfires in Maui, as president Joe Biden is scheduled to arrive in devastated Hawaii after locals slammed him for taking too long to visit. Maui County Mayor Richard Bissen gave the update on a video posted to Facebook, saying the FBI, …
Bankruptcies by sector are even more concerning Consumer discretionary leads with 48 bankruptcies, a sign that consumers are feeling the pain. Industrials is next, at 46, another sign of pain from higher rates. Follow us @KobeissiLetter for real time analysis as this develops. pic.twitter.com/zBQBeElwpK — The Kobeissi Letter (@KobeissiLetter) August 15, 2023
by Dismal-Jellyfish https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2023Q2 https://www.newyorkfed.org/microeconomics/hhdc.html Wut mean?: Credit Card Balances: A notable increase of $45 billion to a record $1.03 trillion, along with a rise in credit card account limits to $4.6 trillion. Mortgages: Balances remained steady at $12.01 trillion. Mortgage originations, including refinances, were at $393 billion, up by $70 billion from Q1. Auto Loans: Increased by $20 …
Authored by Mike Shedlock via MishTalk.com, Federal tax receipts suggest GDI numbers, not GDP numbers, are accurate. They also hint at recession… Tax receipts from the BEA, chart by Mish Tax receipts and total receipts are from the Bureau of Economic Analysis which also produces the government GDP estimates. Data is through 2023 Q1 because …
There have now been 223,000 tech layoffs in 2023 and we are only 7 months in. That's 60,000 more tech layoffs than the entire year of 2022. pic.twitter.com/bcGE9hUdus — The Kobeissi Letter (@KobeissiLetter) July 30, 2023 "The Nasdaq is outperforming the Dow by more than 30% this year – the widest margin on record in …
Over the next 10 years, interest costs are projected to hit $10.6 trillion. Over the next 30 years, the CBO projects interest to total $71 trillion. Interest expense is expected to surpass defense spending in 2029, Medicare in 2046, and Social Security in 2051. 5/8 pic.twitter.com/Ssx9QlQoXy — The Kobeissi Letter (@KobeissiLetter) July 30, 2023 Update: …
by Chris Black This is after Mike Pompeo began threatening a war to take over the island and initiate a program of full throttle globo-homo policies. RT: Chinese President Xi Jinping told military leaders at a meeting in 2020 that with his country “rising” and the West “declining,” Beijing needed to prepare for a war …
by Chris Black It has been truly wild watching Europe destroy itself in order to support this American war. This is a war which, quite honestly, doesn’t really have very much relevance to the Americans. Russia is not a threat to America, and whether or not they have gay marriage in the Donbass is not …
by confoundedinterest17 Bidenomics, which Bumbling Biden can’t explain, and his Press Secretary Karine Jean Pierre only utters “top down was a failure, we are trying the opposite!” Sorry Karine, Bidenomics personifies top down economic (mis)management where DC picks winners and losers as opposed to the free market. Under Biden’s corrupt administation, it is more like …
by confoundedinterest17 The US has passed the 32 trillion mark in national debt, and is going much, much higher. More like 32 tons on the back of taxpayers. When we add unfunded liabilities like Social Security, Medicare and Medicaid, the tab soars to $224.5 TRILLION. New data show that a growing number of U.S. firms are collapsing …
by Little Lost Biden & Exec. Order 14067 Soon your cash will be confiscated for will become worthless paper. The cash you have will be replaced by programmable digital tokens. Few outside the deep state recognize this move for what it really is. Every digital dollar will be programmed by the government, they will be …
by Dismal-Jellyfish Source: Memorandum from the Division of Economic and Risk Analysis My understanding is figures 9 and 10 outline the daily market participants’ gross positions in securities exceeding 7% and 10% of the security’s market capitalization. On average, 65 participants exceed the 7% threshold daily, and 46 exceed the 10% threshold. The highest recorded numbers …
Now you know why student loans will never be forgiven. https://www.advisorperspectives.com/dshort/commentaries/2023/06/09/feds-financial-accounts-what-are-uncle-sams-largest-assets https://www.fiscal.treasury.gov/reports-statements/financial-report/balance-sheets.html Then, drilling down on “Note 4.” https://www.fiscal.treasury.gov/files/reports-statements/financial-report/2022/notes-to-the-financial-statements4.pdf h/t PettyWitch
by BoatSurfer600 It’s turning into a banner year for corporate bankruptcy filings, after years of Easy Money that caused all kinds of excesses, fueled by yield-chasing investors, in an environment where the Fed had repressed yields with all its might. Those yield-chasing investors kept even the most over-indebted zombies supplied with ever-more fresh money. But …
by Simian_Stacker A preview of coming attractions as the Fed & Brandon regime hurtle the USA down the road to Venezuela del Norte.
