A hub for independent voices and hard truths
Fun fact: bank credit is now contracting! Since dollar standard (‘71), that’s only happened once before: 2008. Losses in T bonds will far worse than mortgage losses. Stocks are on the verge of a massive collapse. Fractional banking does’t work in reverse. Few. pic.twitter.com/0fzX16lYGn — Porter Stansberry (@porterstansb) October 15, …
https://www.youtube.com/watch?v=9RTLHpVwzmI If you’re worried about your finances, you’re far from alone. U.S. banks are warning that a credit crisis worse than 2008 is on the horizon, and it is coming at the worst possible time for American families. Credit card issuers are about to tighten lending standards even further, making …
Zerohedge sees a bounce any time:https://t.co/o2rER2lXOH What they don't realize is that today the stock / bond ratio reached a new all time extreme. Never a worse time to own stocks. pic.twitter.com/cajdfONS0y — Mac10 (@SuburbanDrone) September 25, 2023 The only consistently reliable BOTTOM indicator for the past several years has …
The significant decline in the market value of Treasury notes, bonds, and mortgage-backed securities, which make up over 80% of the Federal Reserve’s balance sheet, could potentially reduce the Fed’s assets by about $1 trillion, surpassing the impact of their QT policy. This would essentially bring their balance sheet back …
Russia’s decision to ban diesel exports to most countries could not have come at a worse time for Europe. The European Union halted Russian seaborne imports of the fuel earlier this year as part of sanctions imposed on Moscow over Russia’s full-scale invastion of Ukraine. But the EU still needs …
BREAKING: 55% of households earning less than $50,000 are living paycheck to paycheck, per Moneywise. — unusual_whales (@unusual_whales) September 22, 2023 The housing market is stuck, per BI: Americans can't afford homes, investors aren't buying property, and economists see little relief ahead. — unusual_whales (@unusual_whales) September 22, 2023
WARREN BUFFETT PREDICTS NEW PANDEMIC WORSE THAN COVID pic.twitter.com/qS3IZOrSOv — illuminatibot (@iluminatibot) September 21, 2023
Louis CK explains why he supports open borders. “My feeling is that we should open it. Let everybody pour in, but then there will be all these problems. Yes, there should be. It shouldn’t be so great here in America."pic.twitter.com/GD3CN9FUNr — Ian Miles Cheong (@ianmiles) September 19, 2023 Joe Biden: …
by Chris Black Tony Gonzales (R-TX) wrote an op-ed in Newsweek to demand cheap labor for corporations. American Companies Are Desperate for Labor. We Need More Guest Workers From Abroad—Now | Opinion https://t.co/s3TiOLbqkS "Guest workers?" Thats a hot one.— Neil Dixon (@NeilDix22561579) September 18, 2023 https://www.newsweek.com/american-companies-are-desperate-labor-we-need-more-guest-work… Continue reading by subscribing. …
Makes sense, with the acceleration in credit card defaults hitting levels higher than even the 2008 Financial Crisis pic.twitter.com/AA0i4w9S97 — Bravos Research (@bravosresearch) September 12, 2023 BREAKING: Delinquency rates among credit cards issued by smaller banks are the highest on record, per Apollo Group. — unusual_whales (@unusual_whales) September 12, 2023 …
If shopping feels more like a hassle than it used to, that’s because it probably is. More American stores are doing with fewer employees and many have locked items up to keep them from being pilfered. With slowing sales and rising theft eating into profits, the risk is that retailers’ …
Recently, there have been special policies targeting Hong Kong people in Mainland China. Personal accounts have been frozen under various pretenses such as “suspected illicit money.” The threshold for withdrawing money has also been “raised,” taking up to a few days. When you go to an ATM to draw money, …
https://www.youtube.com/watch?v=jhcPhwoOXWs Investors should fasten their belts for a volatile fall as September begins. This month is historically known as the cruelest for stocks, with data going all the way back to 1928 showing that Wall Street reports significant losses and enters into “correction mode” as soon as the autumn kicks …
MEMORY-HOLED: The great cancellation: why megabucks TV shows are vanishing without a trace. Two years ago, Nautilus was big news. A vast, expensive Disney+ prequel to Jules Verne’s 20,000 Leagues Under the Sea, Nautilus promised to tell the early story of Captain Nemo as he embarked on an epic submarine adventure, …
CREDIT 💳 CARDDELINQUENCY pic.twitter.com/RdciYYICEt — Win Smart, CFA (@WinfieldSmart) August 28, 2023 And WSJ reported millions of home owners are bailing on insurance! The broke US homeowner: *struggling with HOA fees*struggling with higher property taxes*struggling with higher insurance Unless you’re 60+ and own multiple paid off homes, odds are high …
Mother killed by man with hammer, two children in surgery in NYC. A mother was beaten to death with a hammer and her young son and daughter were left fighting for their lives Wednesday in a “horrific and senseless act of violence” at their Brooklyn rooming house, police officials said. …
Via John Sexton. I’m surprised Woke Target would admit that people who take their goods through diverse ways of acquisition such as theft are a problem at all. But the problem is so big now that even the wokest of the woke corporations has to begin objecting to blue jurisdictions …
1. Adjusting for inflation, home prices are up 118% since 1965, while median household income has increased by just 15%. (2/9) pic.twitter.com/NeogOIDjIu — The Kobeissi Letter (@KobeissiLetter) August 21, 2023 Worrying Sign Not Seen Since the Great Recession: Mortgage Rates Could Hit 8% Mortgage rates exceeding 7% are straining the …
by Dismal-Jellyfish Source: https://fred.stlouisfed.org/series/CUUR0000SA0R#0 Zooming in: CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor: July 2022 purchasing power of $100 in January 2000: 57.1 (down -3.33% in purchasing power in the last year!) July 2021 purchasing power …
The US just published their budget numbers showing a $221 BILLION deficit in July ALONE. With $276 billion in receipts, the US spent a massive $497 billion last month. Total interest on US debt YTD is now at $726 BILLION. Needless to say, our spending problem is getting worse. pic.twitter.com/SkunIGS4t9 …
by confoundedinterest17 “Bidenomics is indeed working!” claims Karine Jean-Pierre. “Cost is going down … wages going up, that is Bidenomics.” Excuse me Karine. REAL weekly earnings growth remains negative as inflation outpaces weekly earnings growth. As of Q2 2023, REAL median weekly earnings growth is a dismal -3.57% YoY. And …
Bidenomics: Small Business Outlook Remains Dismal For 19th Straight Month The Biden White House has been struggling to get the American public to buy into its positive spin on the economy, which it has dubbed Bidenomics. On Tuesday, a survey of small businesses indicated why that is such a hard …
WASHINGTON (TND) — Despite the Fed and other major institutions – like Bank of America and JP Morgan – no longer predicting the economy will head into a recession, Americans are still not happy with the state of the economy. A recent poll from CNN shows Americans think the economy is getting worse, and another from the Associated …
by mark000 The September/October window has high potential for the horror show to begin IMO. The global markets, financial system and economy will experience simultaneous heart attacks, leading to (or because of) super negative geopolitical developments. US Treasury Market Hits All-Time High of $25 Trillion in July This is a …
