Nearly a quarter of all subprime auto loans are 90+ days delinquent. Why? By Wolf Richter for WOLF STREET. Auto loan and lease balances have surged to a new record of $1.33 trillion. Delinquencies of auto loans to borrowers with prime credit rates hover near historic lows. But subprime loans (borrowers with a credit score below 620) are … Read more
Now that the impeachment farce has been brought to a merciful conclusion by the Senate, President Trump can spike the ball in the faces of his hapless adversaries. And that is exactly what he did with some bold predictions for several top Democrats including his longtime nemesis, Jerrold Nadler. Taking extra delight after the Dems’ … Read more
via creditwritedowns At first, I called this post “More on Quarles and the introduction of a standing repo facility”. But that’s not a sexy title is it? That’s because repo isn’t a sexy topic. I think it’s important though. If we have a liquidity crisis though, everyone will be talking about it – because that’s where … Read more
China state backed newspaper making these claims. If this is true the world will not be able to stop nCov from spreading. 42 days of asymptomatic life while you spread it to countless others you come in contact with. This is a FUCKING CRISIS. https://t.co/1DLcQwj4hH — Endless Capit🅰️l (@endless_frank) February 11, 2020 There are concerns … Read more
Beleaguered. Companies are significantly shrinking hiring plans as profits fall. Last resort to boost earnings? Deteriorating fundamentals continue to signal a downturn in the business cycle. Key note: This is all pre coronavirus epidemic. pic.twitter.com/1E8ij9Lp0k — Otavio (Tavi) Costa (@TaviCosta) February 11, 2020 #recession … US #JOLTS #JobOpening edition "The two-month drop was so bad … Read more
“They receive their 250,000 gift bags and quote the communist manifesto”
https://www.youtube.com/watch?v=qUgUdywap_o The [DS]/D’s are trapped, the swamp is being drained and more swamp creature are being fired or resigning, they know it’s all coming down around them. All the cases they have been pushing are now falling apart. Barr, Trump and team have pushed in them into a corner and exposed what they have been … Read more
Video demonstrating live censorship after one of the stats guys started pointing out inconsistencies in the data and how unbelievably ridiculous the numbers are for the democrat iowa caucus. He was promptly told to shut up and it’s pretty clear. Just more proof that things are rigged. AC
https://www.youtube.com/watch?v=E7v2TfwU0Gk More than 43,000 people have contracted coronavirus in China and 1,000 have died. RT America’s Sara Montes de Oca reports on the devastating economic impact of the outbreak on tech companies doing business in China. She also discusses the use of thermal imaging and drones in the detection of coronavirus and in containing its … Read more
At yesterday's close, the 10% of S&P 500 stocks with the most extreme valuations have median price/revenue ratios just 11% from 2000 extremes. Of course, that decile suffered median losses of -83% in the next two years. The other 90% of the SPX is already 30-70% past 2000 levels. pic.twitter.com/yDR011OZ24 — John P. Hussman, Ph.D. … Read more
Washington Examiner reports: It’s getting embarrassing at this point. The Left’s darling Rep. Alexandria Ocasio-Cortez, who is supposed to be ready to redesign the world with her Green New Deal, can’t stop putting her foot in her mouth and betraying her own ignorance.
by John W. Whitehead “We must, indeed, all hang together, or assuredly we shall all hang separately.”—Benjamin Franklin Listen: we don’t have to agree about everything. We don’t even have to agree about most things. We don’t have to love each other. We don’t even have to like each other. And we certainly don’t need to … Read more
by John Ward Promotion based on the old pal’s act rarely solves anything. When disguised as gender-based ability, it is a recipe for global economic doom. ‘….the International Monetary Fund is a diminished force and no longer has the firepower to act as the world’s lender of last resort in an emergency. A surge in offshore … Read more
Watch the latest video at foxnews.com Feb. 11, 2020 – 11:43 – Comedian and podcast host Adam Carolla addresses the rise of homelessness in California. https://video.foxnews.com/v/6131426477001#sp=show-clips
What in the actual hell is happening??? Literally ALL AT ONCE! https://www.vanityfair.com/news/2017/11/donna-brazile-hillary-clinton-bernie-sanders?utm_source=twitter&utm_medium=social&utm_campaign=onsite-share&utm_brand=vanity-fair&utm_social-type=earned No,” Bernie Sanders responded in an April 2016 interview when asked by NBC’s Chuck Todd whether he thought the Democratic Party had been fair to him in his primary challenge against Hillary Clinton, the presumptive presidential nominee. “Look, we’re taking on the establishment. … Read more
It’s official: the House GOP has unanimously approved @Jim_Jordan to be the top Republican on the House Judiciary Committee & @RepMarkMeadows to be top Republican on the House Oversight Committee. — Melanie Zanona (@MZanona) February 11, 2020 This means when we take back the house, JJ will be Chairman in January 2021. Good news indeed. … Read more
Some people will automatically assume that healthcare companies would want you to be as healthy as possible and for healthcare costs to be low. It’s actually the opposite, but one has to look carefully at the setup to understand why. Dr Shiva is here to explain how it works. h/t geneticshill
