Independent thinking for complex markets and current events
As global debt skyrockets to nearly $310 trillion and gold reclaims its position above $2,000, investor @Frank_Giustra warns of an impending crisis dwarfing the impact of the 2008 recession. With gold poised for a breakout from a triple-top formation and historical trends suggesting resilience during rate-hike pauses by the Fed, the stage is set for …
In a rollercoaster ride for investors, Nvidia, a colossal $1.2 trillion company, briefly witnessed a nearly 7% dip in its stock after posting stellar Q3 results exceeding expectations. With revenue at $18.1 billion and EPS at $4.02, the top 10 largest company in the world showcased its ability to move significantly, rallying nearly 30% in …
In an unprecedented development, the Federal Reserve’s urgent crisis escalates as its decade-long bond-buying spree, valued at $7.7 trillion, reveals a shocking loss, with unrealized losses on the balance sheet surpassing $1.3 trillion for the first time ever. The amortized cost now stands at 20.4% more than the mark-to-market price, presenting an alarming financial discrepancy. …
WASHINGTON – The Pentagon has again failed its independent annual audit, mainly because defense officials could not provide auditors with enough information to form a full accounting evaluation, according to the Defense Department’s yearly financial report released Wednesday. “Auditing the department’s $3.8 trillion in assets and $4 trillion in liabilities is a massive undertaking,” Pentagon …
Amazon is working on a new AI model that could challenge the likes of ChatGPT and Bard. The new model, which is codenamed “Olympus,” is reportedly twice the size of OpenAI’s GPT-4. Amazon is doubling down on AI, investing $4 billion in Anthropic and unveiling an AI-powered Alexa. Amazon is building a new AI model …
by confoundedinterest17 Another day, another dose of bad fiscal/monetary news. Not surprising with the US Treasury being run by Janet Yellen, who doesn’t seem to know much economics. In fact, with Biden/Congress spending like drunken sailors in port, inflation and The Fed’s counterattack, we see that interest of US debt just hit $1 TRILLION! $1.027 trillion in interest …
Credit card balances often misrepresent borrowing as they mainly indicate spending. Despite being a primary consumer payment method in the US, many pay off their full balances monthly. In 2022, credit card transactions reached $5.8 trillion, up 18% YoY due to increased spending on travel and services amid inflation. Q3 saw credit card balances rise …
by confoundedinterest17 The US economy is drowing in debt, going down, down, down. US Federal debt just hit $33.71 TRILLION. And unfunded liabilities (promises from Uncle Spam) are now $211 TRILLION. That is 526% of the the current debt load. Which means either lots of additional debt, higher tax rates or cuts in entitlements. The cost …
Another record credit card debt Collectively, Americans now owe $1.08 trillion on their credit cards, according to a report from the Federal Reserve Bank of New York. Steadily, persistently higher prices have caused consumers to spend down their savings and increasingly turn to credit cards to make ends meet. At the same time, credit cards are one …
This amounts to a doubling of interest costs over the past 19 months, according to Bloomberg. It is the equivalent of 15.9 percent of the Federal budget for fiscal year 2022. https://www.breitbart.com/economy/2023/11/07/bloomberg-u-s-debt-interest-bill-soars-past-1-trillion-a-year/ This is based on the current book debt of $33+ trillion. It doesn’t reflect the $211+ trillion in unfunded liabilities. (lower right) https://www.usdebtclock.org/# Make no …
by confoundedinterest17 Appartently, Joe Biden and fellow big spenders in Washington DC, Mordor on The Potomac, don’t care about fiscal discipline. With seemingly endless spending of wars (Ukraine, Israel, Taiwan and the invasion at our southern border, and inane “green” spending, Janet Yellen and the US Treasury will be auctioning off $776 billion of debt in the …
Higher US debt deficits can potentially contribute to inflation if the government resorts to printing more money to cover its deficit, which can increase the money supply and, in turn, lead to rising prices. Prominent figures like former Treasury Secretary Larry Summers and investor Stanley Druckenmiller are sounding alarms about the unprecedented economic challenge the …
The US national debt is outpacing economic growth, reaching $33 trillion this month, a stark increase from 70 years ago. As of this month, the total national debt stands at $33 trillion, approximately 124 times larger than it was 70 years ago. Read more: https://t.co/kmk1paPUkp — unusual_whales (@unusual_whales) October 30, 2023 Nothing to see here, …
Even with $9t in stimulus, MASSIVE welfare programs for homeowners to avoid foreclosure, 3 years of not having to pay any bills (including your mortgage) Foreclosures have already returned to 2005 levels. Terrifying pic.twitter.com/8ggF7WShPG — Darth Powell (@VladTheInflator) October 19, 2023
Gold is now outperforming the S&P 500 this year pic.twitter.com/GI2yMt8vcv — Barchart (@Barchart) October 27, 2023 U.S. stocks have lost -$4.5 trillion in value since the July peak. That's the equivalent of three Googles. pic.twitter.com/UjothrbzV1 — Hedgeye (@Hedgeye) October 26, 2023 $AAPL Apple closes below its 200 SMA for the first time since early March. …
by confoundedinterest17 Bidenomics new theme song is “Addicted To Gov.” Bidenomics needs lots of Federal spending and borrowing to survive. But all this spending and borrowing is causing rapid price increases and other distortions. The US Federal government just added $600 billion in debt in ONE MONTH. And The Fed’s have borrowed $10.47 TRILLION since Covid in Q1 …
The surge in US credit card debt, surpassing the significant $1 trillion threshold, is a cause for concern. This comes as the Federal Reserve has taken aggressive steps to raise interest rates, leading to credit card rates reaching an alarming 21.19%. US credit card debt is off the charts It has now crossed the $1 …
On May 1, the Federal Deposit Insurance Corporation announced that First Republic Bank had failed and that it was being sold to JPMorgan Chase. At the time, JPMorgan Chase was already the largest and riskiest bank in the United States. The sweetheart deal the bank got from the FDIC to take over First Republic included …
by confoundedinterest17 Going down! The US housing market, that is! Federal Reserve Jerome Powell said at the luncheon in New York City that “Inflation is still too high”, meaning that rate cuts are on hold and maybe a rate hike or two may come. According to the National Association of Realtors, • Active inventory declined, with for-sale homes …
by DesmondMilesDant Caption: High-quality debt created by data provider BondCliQ. https://www.bloomberg.com/news/articl… Caption: This H-portfolio contains 30 bonds covering major sectors such as tech, utilities, energy and financials, and includes bonds sold by Deere Capital Corp., Lowe’s Cos Inc., AMZN etc. This is the largest, most liquid, market in the world. It is heading …
Economists are forecasting that the price of eggs will reach infinity before Thanksgiving Ideally in capitalism corporations compete with each other to provide better products and services at lower costs. Sadly every industry is an oligopoly in the US now, which allows for companies to raise prices instead of being forced to lower them through …
by confoundedinterest17 Joe Biden is the Buzz Lightyear of the economy … and not in a good way. Under Biden and the Congressional spending sprees, the US debt is going to infinity … and beyond! Twenty days. That’s how long it took the Biden administration to add another half-trillion dollars to the national debt. Bidenomics …
ECB Balance Sheet QT: -€1.77 Trillion from Peak, now down to €7.07 Trillion. Shed 43% of Pandemic QE Assets Quantitative tightening (QT) powers along in the euro area. Total assets on the ECB’s weekly balance sheet plunged by another €75 billion over the week, to €7.07 trillion, the lowest level since December 2020. The ECB …
from Joseph Brown: The Reverse Repo facility has seen $1 trillion drain out in just the last 6 months What happens when it runs out? Its important to remember what this account is for, and where this money came from in the first place 🧵👇🏼 When all the money printing started in 2020, this account …
The US National Debt has now increased by over $2 trillion since the debt ceiling was suspended just 4 months ago. pic.twitter.com/lWiHaYW7Ht — Charlie Bilello (@charliebilello) October 5, 2023 2 days ago, the US added $275 billion in 1 day due to social security payments at the end of the fiscal year. Since the debt …
This is not sustainable. The US added – checks notes – $275 billion in debt in, uh, ONE DAY Total US debt is now $33.442 trillion, hit $33 trillion just 2 weeks ago, and on pace to rise by $1 trillion in 1 month. WTF is going onhttps://t.co/tOrhqmkFXL pic.twitter.com/w3qnBAIfLh — zerohedge (@zerohedge) October 3, 2023 …
by Chris Black Bonds, Bullion, & Black Gold Battered As Hawkish FedSpeak & Inflation Fears Lift The Dollar https://t.co/x8LjjhPw6a — zerohedge (@zerohedge) October 2, 2023 You can’t fix structural problems with a fresh coat of paint and saying everything looks good. The Fed broke everything in 2009. They managed to blow the biggest bubble of …
by confoundedinterest17 Well, it looks like Ukraine’s army is surrending in droves to Russian forces. Maybe this will end Biden’s obsession with doling billions of dollars to Ukraine. Nah, Biden will continue doling out billions to Ukraine, but this time it will be to rebuild Ukraine (while major US cities continue to rot). But in …
Since the creation of the Fed in 1913, US federal debt has on average doubled every 8-9 years. By 2036 US debt could be approximately 100T. If we make it that far lol. How do we get out of this financial mess? Neither party in DC seems able or willing to actually cut… pic.twitter.com/3evQTQdijo — …
Why is this not getting more attention? h/t WarrenBuffetsIntern