Independent thinking for complex markets and current events
by Perry-Rodent This year the US has to roll over 7 trillion USD in bonds and finance an annual deficit of around 2 trillion on top of it. BRICS and Japan are nor going to buy US treasuries anymore. Up to now, US bond auctions did not fail because financial institutions had enough excess reserves …
via Mike Shedlock: Total consumer credit, revolving credit, and credit card interest rates all hit new record highs in November. Consumer credit data from the Fed, chart by Mish Adjusted for inflation, revolving credit is approaching the record high hit during the Great Recession. Revolving Consumer Credit in Billions of Dollars Nominal and Real In …
BREAKING: Blackrock will be laying off 600 employees, mostly from the ESG division. ESG global investments collapsed by $5 trillion in just 2 years. ESG is the system used by Blackrock and Vanguard to blackmail companies into adopting woke practices. Here is BlackRock CEO… pic.twitter.com/SHLOVQhvTs — End Wokeness (@EndWokeness) January 8, 2024 Wow – BlackRock …
The Incredibly Ballooning US Government Debt Spikes by $1 Trillion in 15 Weeks to $34 Trillion. Interest payments threatening to eat up half the tax receipts may be the only disciplinary force left to deal with Congress. Is there a comeback from this? Economists widely regard the Clinton surplus to be more of a function …
House Speaker Mike Johnson told colleagues on Sunday that Congressional negotiators have reached a topline spending figure to avert a federal government shutdown on Jan. 19 for some government agencies, and Feb. 2 for others. According to a Sunday “Dear Colleague” letter, the topline deal – which mostly adheres to a deal reached between the …
by Chris Black Did we really add over ten trillion in productive output in the last four years? Not a chance in hell. US Debt Hits A Record $34.001 Trillion https://t.co/dxPJis0m81 — zerohedge (@zerohedge) January 3, 2024 It will be $35T by the end of the month, it’s exponential, it will keep rising at a …
It’s infuriating! The hard-earned savings of Americans are being decimated. Biden’s policies are a disaster! The average retirement account lost $33,200 in buying power — one quarter of its value — since Joe Biden took office. This could delay millions of Americans retirement by years — up to a decade according to one economist. What …
$7.6 trillion of US government debt will mature in the next year, adding pressure on rates A whopping $7.6 trillion in interest-bearing US public debt will mature within a year, Apollo’s chief economist said in September. That represents 31% of all outstanding US government debt, adding upward pressure on rates. That’s still below 2020, when …
by confoundedinterest17 C’mon Joe. The media has always reported bad news. Warm and fuzzy doesn’t anger people, but bad news does! And under Bidenomics, there has been a lot of bad news. President Biden railed against corporate media before he and several family members headed by helicopter to Camp David, the presidential retreat in the …
That’s a massive chunk of cash now ready to spend! Money Market Funds Record: $1.3 Trillion has flowed into money market funds this year, the largest amount in history pic.twitter.com/VRylKN9kLw — Win Smart, CFA (@WinfieldSmart) December 24, 2023
BREAKING NEWS RED SEA ATTACKS THREATEN TO CUT GLOBAL SHIPPING CAPACITY 20% 20%. Supply chains… — Gold Telegraph ⚡ (@GoldTelegraph_) December 23, 2023 “NEW YORK — The series of ship attacks by Iran-backed Houthi rebels in the Red Sea could curtail global shipping capacity by 20%, according to experts, in a fresh blow to supply …
via Naturalnews: The globalists at the World Economic Forum (WEF) believe the world’s governments and corporations need to come together and spend $3.5 trillion a year on the climate to “restore nature,” “reach net zero emissions” and fully “decarbonize” the planet. This is according to a new white paper published by the WEF in partnership with global …
by confoundedinterest17 It‘s Biden’s Fiscal Inferno! Insane open borders, insane green spending, wars in Ukraine, Gaza and growing restlessness around Taiwan. Inflation. And a demented 81-year old President in charge. The U.S. government ran a budget deficit of $381 billion so far into the 2024 fiscal year, which represents a 13% increase from this same time …
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 …
According to the OCC, as of September 30, JPMorgan Chase (which lost $6.2 billion from its federally-insured bank in wild derivative trades in 2012) is still allowed to sit on $54.4 trillion in derivatives. Citigroup’s Citibank, which blew itself up in 2008 from derivatives and off-balance-sheet vehicles and received the largest bailout in global banking history, is sitting on …
via justthenews “The growth in spending continues to outpace the growth in tax collections. This is why our national debit is heading toward $34 trillion. It cannot go on forever without serious economic consequences,” says the leader of the Tax Foundation. The U.S. government ran a budget deficit of $381 billion so far into the …
Hmmm, spending increases inflation doesn’t it? I had occasion to read the bill a bit this afternoon. What a convoluted mish-mash of crap! Seems mostly about the new clean energy initiatives, so maybe it could have been called that? But the bill wanders around like a drunken sailor throwing money at whatever strikes his fancy. …
World debt has been in “Up Only” since 1972 And has risen even more rapidly since 1997 It’s now crossed $225 trillion There’s no looking back now pic.twitter.com/iVoQrabJgj — Bravos Research (@bravosresearch) December 15, 2023
Apple shares hit at a record Wednesday, closing at $197.96, up 1.7% on the day. The close puts Apple above its previous all-time closing high of $196.45 from July 31. Apple shares have now rallied 52% this year, giving the company a market value of $3.08 billion. Apple’s market cap has increased about $1 trillion …
by confoundedinterest17 We are on a Highway To Hell! Massive Federal Budget deficits and staggering payments to Treasury from The Fed (losses on balance sheet) and $212 TRILLION in unfunded promises to the non-elites. Under Modern Monetary Theory (or print money without consequences), we are seeing trillion dollars budget deficits with no end in sight. Nothing …
by Chris Black No joke: I’d rather give the money to Barbados than to Ukraine and Israel. It’s not an option to spend the money on our own people, so give it to Barbados. At least they’re probably friendly and good natured, and won’t use the money to murder innocent people. The Guardian: King Charles’s …
US govt:~$5 trillion total rev all sources~$2.5 trillion of that is personal income taxes~$1 trillion annual interest on the debt. This is crazy to think about. When you look at your paycheck info, and you see that amount taken out for Federal income taxes … 40% of it is… https://t.co/OCPDzSgYnR — Wall Street Mav (@WallStreetMav) …
ESG global investments have seen a staggering $5 trillion collapse in just two years. BlackRock and Vanguard strategically utilize ESG scores to influence companies toward woke hiring and climate practices, as explained by BlackRock CEO Larry Fink and the CEO of AmEx. ESG COLLAPSE: ESG global investments have collapsed by $5 TRILLION in just 2 …
US commercial real estate grapples with a looming $1.5 trillion ‘maturity wall’ in the next three years amid declining office space demand due to widespread work-from-home trends. "US [commercial real estate] companies face a 'maturity wall' of more than US$1.5trn over the next three years, in addition to the US$700bn that was due to mature …
US is leading the way on this, unfortunately. If the US refinanced its current debt load ($33.827 trillion) at the yield on 10-year US Treasury bond (4.38%), interest expense would be $1.48 trillion, 50% higher than the top of this skyrocketing chart.https://t.co/MLnYFsU229 — David Sommers (@dgsommersmkts) November 28, 2023 $2 Trillion is the interest on …
by Virtual_Crow So a few months back, this was causing bond yields to rise high enough that the market started a downtrend again from the summer until October. Too many bonds being sold. Then the Treasury did Yellen’s Yolo, selling more bills instead of bonds, driving yields down. This contributed greatly to the November rally …
The alarming contraction in bank credit, an event occurring only once in the past 50 years, adds a foreboding dimension to the rapid depletion of the 2 trillion-dollar Reverse Repo pot. As Wall Street grapples with financing challenges for Washington’s deficits, the ominous trajectory raises concerns about the stability of the financial system. At this …
