Financial WMD: How Iran Could Trigger a Global Economic Collapse; Warren Buffett once referred to derivatives as ‘financial weapons of mass destruction.’ He feared most was how a sudden, unexpected market shock could set off a dangerous chain reaction.

via Nick Giambruno Warren Buffett once referred to derivatives as “financial weapons of mass destruction.” He wasn’t being dramatic—he was warning that if things went wrong, these complex financial instruments could cause massive, far-reaching damage to the global economy. What …

READ MORE

So many unexpected wins in Florida.

Democrats Canceled Their Florida Primary To Help Biden. It Backfired And Helped Republicans Flip Local Seats Florida Democrats chose to award President Joe Biden the state’s delegates in November instead of holding a presidential primary vote, presumably to protect the …

READ MORE

Survey of Consumer Expectations: U.S. households probability of being able to come up with $2,000 if an unexpected need arose within the next month falling to its lowest level since 2013.

Source: https://www.newyorkfed.org/microeconomics/sce/credit-access#/financial-fragility1 Wut Mean?: Overall Decline in Consumer Credit Demand (2023): General weakening in most credit application rates. Credit card limit increase applications rose. Rejection Rates Trends: Overall rise in rejection rates for credit applications. Decline in rejection rates for …

READ MORE

This is unexpected… One of the “Big 4” banks in Australia actually expands cash transaction options!

“Westpac Bank expands cash transaction options at branches nationwide. Bank customers will have easier access to their money as one major bank expands its cash transaction options.” https://www.news.com.au/finance/business/banking/westpac-bank-expands-cash-transaction-options-at-branches-nationwide/news-story/3cf4ec3f404ddd0124ac21ac092b2210 “More Westpac customers will have easier access to their money as bank …

READ MORE