Independent thinking for complex markets and current events
Hedge-fund Manager Says Nvidia Will Hit a $6 Trillion Valuation by Year-end Hedge fund manager Eric Jackson has made a bold prediction regarding Nvidia’s stock performance, forecasting that it will reach $250 per share by the end of the year. This projection implies a potential upside of over 100% from its current trading levels, positioning …
The financial landscape is in turmoil: credit card interest rates have surged to an unprecedented 21.47%, while credit card debt has crossed the $1 trillion mark. Personal interest payments have climbed to over $500 billion, signaling a looming consumer crisis. With excess savings depleted, the consumer’s financial health is more vulnerable than ever. Inflation remains …
The Commodity Futures Trading Commission (CFTC) recently approved a final rule amending the capital and financial reporting requirements for Swap Dealers (SDs) and Major Swap Participants (MSPs) . These amendments aim to make it easier for SDs and MSPs to comply with the CFTC’s financial reporting obligations and demonstrate compliance with minimum capital requirements. Here are …
The Congressional Budget Office (CBO) has recently updated its projections for the U.S. government’s budget deficit. Here are the key points: Fiscal Year 2024 Deficit: The projected deficit for fiscal year 2024 is $1.9 trillion. Adjusted to exclude certain payment timing effects, the deficit amounts to $2.0 trillion in 2024. Deficit Trend: The deficit is …
The interest on the U.S. national debt has surpassed the significant milestone of $1 trillion annually. This cost has nearly doubled over the past three years. It’s a substantial figure, reflecting the financial strain on the government due to rising debt and interest payments.
Global debt has reached staggering levels. As of 2023, the total global debt stands at approximately $225 trillion. However, projections indicate that this figure could rise significantly by 2030. Let’s delve into the details: Global Debt Trends: Global leverage has been trending upward, and structurally higher interest rates are increasing the financing burden for governments, corporations, and households. The debt-to-GDP …
https://usdebtclock.org/current-rates.html
The entire value of the S&P 500 currently stands at $45.5 trillion, according to FactSet. Tesla CEO Elon Musk claimed on Thursday that his company’s Optimus humanoid robots could eventually make the automaker worth more than half of that. Musk, who characterized himself as “pathologically optimistic” at the 2024 annual shareholder meeting in Austin, Texas, …
Thomas Massie was one of the only members of Congress who tried to stop the inflation-exploding $2.2 Trillion “CARES Act.” He will always be a legend for this. byu/AbolishtheDraft inAnarcho_Capitalism Thomas Massie, a Republican Congressman, stood out by opposing the $2.2 trillion CARES Act during the Trump era. He expressed concerns that the massive stimulus package would lead …
by confoundedinterest17 Too much debt should be the theme song for the US! Both for consumers and the Feral government (not a typo!) Consumer credit increased by +$6.403 billion in April, much softer than consensus estimate of +$10 billion … more notable, however, was March data, given initial read of +$6.274 billion was revised down to …
A record $8.9 trillion of government debt will mature over the next year, see the first chart below. The government budget deficit in 2024 will be $1.4 trillion according to the CBO, and the Fed has been running down its balance sheet by $60 billion per month. The bottom line is that someone will need …
The landscape of US commercial real estate (CRE) is facing unprecedented challenges, with prices plummeting 21% from their 2022 peaks. The latest figures reveal a staggering milestone: the US office vacancy rate has surged to a historic high of 19%, eclipsing levels observed during the financial crises of 2008 and 2020. To put it starkly, …
Nividia stock price is Unsustainable. I’m sure Mr. Buffett is laughing! — Kerby Roberson (@KMACKROB) June 5, 2024 Nvidia vs Cisco How we looking ? pic.twitter.com/Pxi9XE5i4V — The Great Martis (@great_martis) June 5, 2024
This is when the Fed finally stops gaslighting you. The economy was NEVER doing well, and it's not helping Biden anymore to lie to you about it. So, better to admit defeat and start planning rate cuts to rescue the wreckage that's coming (and that will take just as long to take… https://t.co/Zr12ujg82C — Uncle …
JAPAN 🇯🇵 Depression turns to Stagflation . Japans problems are about to worsen. pic.twitter.com/YcNMeO8YS8 — The Great Martis (@great_martis) June 2, 2024 Yen before BoJ blew $62 billion propping it: 157.74Yen one month later: 157.24 At this rate it'll only cost $7 trillion to fix the yen 🫡 https://t.co/oU1ZDLlUTz pic.twitter.com/OUOlOrIy1R — Peter St Onge, Ph.D. …
Rep Jodey Arrington criticizes Joe Biden’s budget proposal by alleging that it will lead to record levels of government spending, borrowing, and taxation, potentially exacerbating inflation, interest rates, and living costs for working families. It expresses concern that these policies could steer the country toward economic instability and a sovereign debt crisis, while also implying …
A record $6.4 Trillion in money market funds and another $2.870 Trillion in Certificates of Deposit (CD) balances reported… Source:Â https://fred.stlouisfed.org/series/MMMFFAQ027S Certificate of deposit balances at US banks jumped by more than a trillion in 2023, with concentration reaching its highest level in about 10 years amid growing rates in the market. In aggregate, certificate of …
NATIONAL DEBT: $34.5 Trillion Yellen: •Need to address the $2 trillion a year deficit •Debt to GDP ratio the highest ever at 122% under Biden •Interest rates are highest in 20 years •Rates still low relative to the previous decades interest on the debt remains manageable ⚠️NATIONAL DEBT: $34.5 Trillion Yellen:•Need to address the $2 …
by TonyLiberty There is $17 trillion of home equity sitting with U.S. homes, and Freddie Mac wants to offer second mortgages to tap into it. Tapping into home equity was a massive part of what fueled the banking crisis in 2008. Here’s what you should know: Homeowners would be able to take out a second …
by confoundedinterest17 Joe Biden could barely eat his dinner at the White House Correspondents’ Dinner. And we think he is calling the shots in The White House?? Oh well. Perhaps it is Treasury Secretary Janet Yellen or Klaus Schwab of the World Economic Forum. In any case, Treasury bond issuance in 2024 is expected to hit $1.9 …
by confoundedinterest17 The US debt and Federal spending is out of control. As is entitlement spending. In 2007, the U.S. national debt was below $10 trillion, and the budget deficit was about $160 billion. Federal spending was about $3 trillion, and interest payments were approximately $400 billion. Then the numbers spiraled out of control. Yet Biden/Congress keep shoveling …
Key points: The F-35 fighter jet program’s lifetime cost is estimated to exceed $2 trillion, up from a 2018 estimate of $1.7 trillion. Sustainment costs increased by 44% to $1.58 trillion over the program’s lifetime. The Pentagon extended the projected life of the plane to 2088. In 2023, the average F-35A was only mission capable …
U.S. Banks ended fiscal 2023 with $192.46 Trillion in derivative notional on the books. Out of the 1,185 banks reporting, just four of them hold 87.4% ($168.26T) of these open contracts: JPM Chase, BofA, Goldman, & Citi 🏦 pic.twitter.com/61lqLghwPd — M.B. (@741trey) April 18, 2024
Since 2022, Meta (former Facebook) has added ~$1 trillion in market cap. Below you can see the forward P/E valuations (earnings are estimated by Wall Street) for the Magnificent Seven and their performance year to date. Despite an almost 30% drop, Tesla is still an outlier. pic.twitter.com/CE50fYfvH4 — Global Markets Investor (@GlobalMktObserv) April 11, 2024
US debt interest to surpass Social Security, hitting $1.6 trillion by 2024. With rate cuts off the table, it’s imperative to reduce government spending. The average interest rate on all debt held by the public was 2.5% in 2023. The low end of the US Treasury yield curve is now the 10-year, which is yielding …
TL:DR: The Federal Reserve bought Mortgage-Backed Securities (MBS) after the 2008 financial crisis. JPMorgan Chase was chosen to hold these MBS securities. JPMorgan Chase has been charged with multiple criminal activities related to MBS. Despite these charges, the New York Fed has not switched custodians. The New York Fed has become less forthcoming about their …
Earlier this week, Xi spent nearly two hours on the phone with President Joe Biden, striking a markedly friendlier tone than before. This comes after November’s San Francisco summit, in which Xi promised all sorts of goodies to the US and left analysts wondering what on earth China got in return. Things aren’t happy at …
The US credit card debt has already reached $1.1 trillion in March, an all-time record. Moreover, even when adjusted for inflation this debt has hit a record, surpassing the 2020 levels. Are US consumers' finances seriously stretched? Full analysis below👇 pic.twitter.com/cPrbTdAcy3 — Global Markets Investor (@GlobalMktObserv) April 3, 2024 Are US consumers’ finances seriously stretched? …
via Mike Shedlock Governor Gavin Newsom bragged of a surplus, but California is seriously underwater. The next recession will hit the state extremely hard. Golden State Budget Fantasy The City Journal founder Ed Ring comments on the Golden State Budget Fantasy While finalizing the upcoming fiscal year’s state budget back in May 2022, California governor Gavin …
