Independent thinking for complex markets and current events
Chart shows it clear: lower and middle brackets got crushed since 1967, with $100k+ households exploding higher. Everyday costs exploding, corporate profits at records, wages stuck flat for the bottom 80%. $100k household now labeled “high income” in 2022 dollars? People making 200k still sweating college, retirement, and basics in most cities. This the squeeze …
The Washington Post lost more than $100 million last year, according to a Wall Street Journal report, a substantial shortfall that led the paper to lay off a third of the company earlier this month. The Post’s leaders had been vocal about the financial challenges amid changing consumer habits, but have not shared precise numbers …
“Wknd thought: Very Long Thread on System Liquidity Some see a raging bull market. I see a system exhausting every last bit of available liquidity for one final dance. Those who argue bullishness on solvency (pointing to high aggregate household wealth or strong asset-to-margin-debt coverage) miss the point. Credit Suisse had a CET1 ratio of …
by Michael Why are thousands of Walmart workers suddenly “vanishing” all over the nation? And why are vast numbers of agricultural workers suddenly no longer showing up for work? What I am about to share with you is extremely alarming. During the “open border years”, our economy became extremely dependent on very cheap migrant labor. …
The silver squeeze is here. A 12% borrowing fee? That’s the market screaming at shorts to run for cover. There aren’t enough shares to go around, and 47,000 in-the-money calls are set to expire. If you’re caught short, you’re trapped. 🚨 12% SILVER BORROWING FEE. UNPRECEDENTED.This is nature’s way of saying ‘don’t short silver’. pic.twitter.com/E9FgTyKCl5 …
🇨🇳 Why Chinese banks are now vanishing – The Economist*In the week ending June 24th, 40 Chinese banks vanished as they were absorbed into bigger ones.https://t.co/Zah97WGTZ4 — Christophe Barraud🛢🐳 (@C_Barraud) July 11, 2024 via MSN: The Chinese banking sector is facing a severe crisis. In just one week, 40 banks disappeared, and the collapse of …
Housing affordability has been a pressing issue in America. While many people point to supply shortages, rising material costs and stagnant wages as drivers behind the crisis, Democratic presidential candidate Robert F. Kennedy Jr. believes there’s another culprit — corporations. “The real reason that housing has outpaced anything else is because there are three giant …
