Independent thinking for complex markets and current events
The US will need to refinance almost half of its national debt in less than 2 years. Let’s not forget that interest rates were at 0% just 15 months ago. Wait until these debt instruments need to be rolled over at 5% rates. The U.S. credit rating outlook was lowered from “stable” to “negative” this …
The question of whether Georgia’s electronic voting system has major cybersecurity flaws that amount to a violation of voters’ constitutional rights to cast their votes and have those votes accurately counted is set to be decided at trial early next year. U.S. District Judge Amy Totenberg issued a 135-page ruling late Friday in a long-running …
Better living through chemistry. pic.twitter.com/8IDXTNIDtM — Dr. Syed Haider: (@DrSyedHaider) November 12, 2023
YouTube has become the latest platform to increase its prices, following in the footsteps of Netflix, Apple TV+ and Disney+. The price of the YouTube Premium family plan, which allows six accounts to use the same subscription, will increase by £2 from £17.99 to £19.99 in the UK. Meanwhile, in the US and Canada, costs …
by TonyLiberty The US housing market is at its most unaffordable level in 39 years, with mortgage rates at record highs near 8%. Monthly principal and interest payments on a median-priced home have surpassed $2,500 for the first time since tracking began in 1975. Monthly mortgage payments now consume nearly half of the median household …
Ep. 36 What happens when you give Hillary Clinton the finger? Ask Martin Shkreli. He did four and a half years in prison. That may be why Sam Bankman-Fried just asked his advice on doing time. pic.twitter.com/vMGiqDk4tR — Tucker Carlson (@TuckerCarlson) November 6, 2023
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After more than 100 years, Master Lock’s iconic factory in Milwaukee is shutting its doors in March 2024. The closure will result in 400 lost jobs, and also mark the end of a former industrial region of the city that once housed some 50 plants. The Real News, In These Times, and Workday Magazine speak …
A McDonald’s in downtown San Francisco, California, has shut down as the city grapples with numerous issues plaguing businesses in the area. The fast-food location’s ownership, Scott Rodrick of Rodrick Management Group, had a negative view when speaking of the issue, Fox Business reported Saturday: Office building vacancies, the environmental atmosphere of downtown sidewalks and a tepid …
by callmecrude For anyone unaware, as of last week Cruise has indefinitely halted all of their driverless robotaxis nationwide after a slew of issues (accidents, blocking emergency service workers, parking in front of fire hydrants, unsafe driving near pedestrians) culminated in one of their cars running over a woman and dragging her body for 20 …
The Largest Democrat Donor in America is going to prison for 115 years for stealing hundreds of millions and giving it to Democrats. Time for the scumbags on this list to be investigated too and sued for fraud as well. You invested in FTX and lost – Joe Biden won. pic.twitter.com/HkHhUh3Mv3 — Benny Johnson (@bennyjohnson) …
"The USA are war addicts." The country has existed for 240 years, and only 16 years it did not go to war. They built 800 military bases around the world. "Wherever the US military goes, people die everywhere," said a spokesman for the Chinese Ministry of Defense pic.twitter.com/ewgMKNDVls — Sprinter Press (@SprinterPress) October 31, 2023 …
The Royal Bank of Canada raises concerns about Canadian homeowners facing potential payment shocks, especially as 60% of Canadian mortgages are set to renew within the next three years. The Royal Bank of Canada is warning that Canadian homeowners could experience a payment shock unless interest rates significantly decrease. 60% of Canadian mortgages will renew …
The plant never operated at more than a third of its total capacity in its 13 years since being built. Occidental Petroleum quietly sold off a carbon capture facility – the world’s largest — that was built into a natural gas processing plant in Texas, according to a Bloomberg Green investigation. The plant, called Century, …
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, …
The rapid steepening of the yield curve from inverted levels suggests an impending economic downturn. Caution: Yield curve has begun steepening rapidly from inverted levels This brings the economy closer to an economic downturn Buckle up pic.twitter.com/JfBgBxOZgq — Bravos Research (@bravosresearch) October 29, 2023 BREAKING: Americans spent money at the fastest rate in nearly two …
Nearly 50% of American parents say they’d prefer their kids not enroll in a 4-ear college, per WSJ. Read more: https://t.co/8bDNxah8l6 — unusual_whales (@unusual_whales) October 29, 2023
by B3stAuD1t0rofA11tiME This is what the CPI reports which is about as reliable as getting your haircut at Great Clips With inflation still f**ked we now have record high interest rates causing consumer debt to skyrocket Instead of cutting back everyone just continued spending as usual creating artificial demand that every idiot thinks represents a …
The government’s projection of the fiscal deficit carries a sobering implication: it foresees the Federal debt doubling within a mere 12 years. The government's own estimate of the fiscal deficit implies that the Federal debt will double in 12 years. What is even more ludicrous: This projection does not assume any recessions or the scenario …
by confoundedinterest17 I admit, Biden lies about everything. Like Biden saying he met with Israel Prime Minister Golda Meir during 1967’s Six-Day War, in which he claimed he served as a “liaison” between Israel and Egypt. He made the remarks during a menorah lighting at the White House Wednesday, apparently referencing a meeting he had with Meir just …
Global Supply Chains continue to function well and are no longer a valid excuse justifying above-average inflation. pic.twitter.com/Tt2AT8AxG6 — Charlie Bilello (@charliebilello) October 24, 2023
HSBC’s CEO and other prominent leaders in the financial world are issuing dire warnings about the world teetering on the brink of a debt crisis, driven by years of extensive government borrowing. They emphasize the urgent need to address the mounting debt levels. The data presented underscores that we have yet to witness the full …
Cocoa surged to the highest level in 44 years as global shortages boost costs for chocolate makers, per Bloomberg: pic.twitter.com/5kiCSQ4t4f — unusual_whales (@unusual_whales) October 24, 2023
Kremlin spokesperson Dmitry Peskov told reporters on Monday that while he agrees on the need for a “new world order”, he does not believe the US should be at the helm. Any new system should be “free from the concentration of all mechanisms of world governance in the hands of one state”, he said. President …
One of San Francisco’s largest apartment buildings has lost half its value in five years as the Bay Area has struggled with occupancy issues amid a surge in crime, homelessness and effects of the COVID pandemic. NEMA, the 754-unit apartment building that was once valued at $543.6million in 2018, has seen its valued halved to …
by confoundedinterest17 Bidenomics strikes … again. No, not his inane ramblings about Hamas being “the other team” or that Hamas has to learn to shoot straight. But his policies freezing effects on the economy. Like housing. Existing-home sales faded in September, according to the National Association of REALTORS®. Among the four major U.S. regions, sales rose …
The Nasdaq’s return compared to US Treasuries is now at a record high, surpassing levels seen during previous bubbles and indicating a significant gap between equity and bond returns. So many unsustainable metrics out there right now. This also underscores the significant outperformance of the S&P 7 to the remainder of the index. Markets are …
by Chris Black I don’t even understand the cartoon. I’ve read the explanation of what it means and I still do not understand it. BBC: Long-serving Guardian cartoonist Steve Bell has been sacked by the newspaper in a row over a drawing he created of Israeli leader Benjamin Netanyahu.
Now refrigerators last 8–10 years, if you are fortunate. How in the world have our appliances regressed so much in the past few decades? I’ve bought and sold refrigerators and freezers from the 1950’s that still work perfectly fine. I’ve come across washers and dryers from the 1960’s and 1970’s that were still working like …