A hub for independent voices and hard truths
Some Americans who secured jobs, homes, and stocks a few years ago are thriving financially. The job market has tightened, home prices have surged, and stock prices have risen. But some Americans are struggling to find jobs and afford homes — and …
https://twitter.com/RJRCapital/status/1815146948329939214 To afford a median home, you need to make more than 74% of the population assuming 30% gross wages attributable to shelter costs. So 26% of the US population can afford a MEDIAN home. Problem? 80% of those people …
Peak acquisition fees — Huskerrx (@huskerrx) July 17, 2024
When comparing generational wealth, millennials own a much smaller share of wealth than baby boomers did at the same age. Reports show that millennials own less than 5% of the nation’s wealth, whereas baby boomers owned about 21% at the same …
In 2022, Norway witnessed a significant exodus of its super-rich citizens More than 30 Norwegian billionaires and multimillionaires decided to relocate to low-tax countries, particularly Switzerland. This departure exceeded the total number of super-rich individuals who left the country during the previous 13 years …
Warren Buffett on Friday made his biggest annual donation to date, giving $5.3 billion worth of Berkshire Hathaway shares to five charities. The legendary investor, who’s turning 94 in August, converted 8,674 of his Berkshire Class A shares to donate …
by confoundedinterest17 Now you know why Joe Biden has fund raisers in Hollywood and New York where the elites (the top 1%) live. Biden is the President of The Elites, not the middle class. How bad it is? The top …
https://www.youtube.com/watch?v=gmnO4O1MBdM The decline of our country is explicit. While 99% of our population is struggling to adapt to the rising cost of basic necessities, the top 1% of ultra rich Americans has seen their wealth increase by nearly 500% over …
So a hawkish message, maybe asset price inflation really translates into a positive wealth effect which accelerates inflation.. https://t.co/k7QhinBEIp — The Macro Guy (@SagarSinghSetia) May 3, 2024 Home prices in the US have hit new all-time high, per MW. — …
via Mike Shedlock Biden and Yellen support a global minimum tax on corporations. And a new wealth tax scheme is now in the works. Watch Out for a Global Wealth Tax The Wall Street Journal says Watch Out for a Global …
China's Real Estate Collapse At the heart of the decline in family wealth is China's real estate meltdown, which is having a pervasive effect on a society where 70% of family assets are tied up in property. Towards the end …
Americans are poor people with a manipulated home price. They don't have/save shit pic.twitter.com/j8b8IDajcU — Darth Powell (@VladTheInflator) April 7, 2024 Guys this time is totally different! Also this time: pic.twitter.com/65cBdcJZDn — Darth Powell (@VladTheInflator) April 7, 2024 How many …
Poverty in the United States (2/2) Since 1975, the percentage of the population living well below the poverty line has increased by 49%. Relative poverty is a measurement of income inequality within a social context. It does not measure hardship …
Sports Illustrated estimated that 80% of NFL players go broke in their first three years out of the league. Adrian Peterson is no exception. Adrian earned $103 million during his NFL career, and remains the highest-earning running back in NFL …
by confoundedinterest17 According to mythology, Hades made King Sisyphus roll a huge boulder endlessly up a steep hill in Tartarus. Unfortunately, the modern day version of Sisyphus is the middle class pushing a boulder endlessly up a steep hill while the top …
Cathie Wood’s Ark Invest has destroyed $14 billion in wealth over the past decade. A Morningstar analysis found that Ark Invest topped the list of wealth destroyers among other investment companies. “These funds managed to lose value for shareholders even …
Musk derives most of his $202 billion net worth, according to the Bloomberg Billionaires Index, from his stakes in various companies. Musk lacks significant tranches of cash; his money is largely tied up in ownership stakes of his companies. To …
Hot tip: don’t have credit card debt h/t TonyLiberty
China state media removed a story that initially reported that Beijing plans to merge its largest state-owned bad debt asset managers with China Investment Corp, one of the world’s largest sovereign fund. The initial report was published Sunday by Xinhua …
This blatant corruption infuriates me! Congressional Democrats exploiting their privileged positions for personal gain, trading stocks with insider knowledge while ordinary citizens suffer. Beating the S&P 500 by seven points is no mere coincidence; it reeks of unethical practices. The …
by confoundedinterest17 Bidenomics is the pride of the donor class. After all, much of the Federal spending splurge in green energy has gone to big donors, including the Chinese. The top 1% of US earners now have more wealth than the …
There’s no number for 2022. Must have been a shocker! Too big UP to print. h/t mark000
Economic inequality worsens in the U.S. as the top 1% amass more wealth. Housing affordability declines. The 1% are crushing it 👇 pic.twitter.com/0Wfsj4EbR6 — Win Smart, CFA (@WinfieldSmart) December 14, 2023 Housing is less affordable for both renters and buyers …
The economic and demographic shifts in California present significant hurdles. The departure of high earners, as you pointed out, strains the tax base, with a small fraction of taxpayers now carrying a hefty portion of the state’s budget burden. The …
Nancy Pelosi’s remarks on Congress insider trading shed light on the substantial wealth amassed by some members of Congress. The collective net worth of the 50 wealthiest individuals in Congress stands at a staggering $4.8 billion. This considerable wealth stands …
New inflation numbers are running hot, at 5% on an annual basis. That means prices are up 17% since Joe Biden was installed, making the average American family $7,300 poorer. And analysts are predicting high inflation for years to come. …
Thomas Carper bought 30k in $PSQ, an ultrashort $QQQ index, on July 13 2023. He hedged/shorted in the past with great results with $HDGE, $SH & $PSQ. He got out of his positions in August/September, as the market fell and …
https://twitter.com/NorthmanTrader/status/1708913178703229144 h/t Simian_Stacker
Authored by Charles Hugh Smith via OfTwoMinds blog, Something has been going very wrong in the US economy for a very long time, and whatever is going wrong accelerated from 2009 to the present. Longtime readers know I’ve covered America’s …
The current economic landscape raises concerns about the potential for significant wealth destruction when Housing Bubble 2.0, fueled by the Federal Reserve’s policies, eventually implodes. Housing Bubble 2.0: Recent data indicates that the implosion of Housing Bubble 2.0 is gaining …