Major Credit Card Changes Coming

"Given that #consumerspending makes up roughly 70% of the #GDP calculation, that 35% decline in consumer spending is significant. Combine that with rising #creditcard delinquencies, and you can understand our concern about economic growth going forward."https://t.co/s9oIo7uP17 pic.twitter.com/K15saKciEo — Lance Roberts …

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In February, year-over-year changes in home prices gained less than 5% for the first time since May 2020. Median existing-home price for all housing types in February was $363,000, a 0.2% drop from February 2022, ending a 131 consecutive months streak of year-over-year increases (longest on record.)

by Dismal-Jellyfish Source: https://www.newyorkfed.org/research/home-price-index What did the housing data say in February? From the National Association of Realtors: The median existing-home sales price decreased 0.2% from the previous year to $363,000. Existing-home sales jumped 14.5% in February to a seasonally …

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Price changes over last year…

Price changes over last year: – Transportation: +14.6%– Gas utilities: +14.3%– Electricity: +12.9%– Food at home: +10.2%– Food away from home: +8.4%– Shelter: +8.1%– Overall CPI: +6.0%– New cars: +5.8%– Gasoline: -2.0%– Used cars: -13.6% — unusual_whales (@unusual_whales) March 14, …

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NSCC Alert! Reminder, changes in the Calculation of the National Securities Clearing Corporation’s Excess Capital Premium Charge take effect TODAY.

by Dismal-Jellyfish Source: https://www.dtcc.com/-/media/Files/pdf/2023/2/24/a9264.pdf Subject: Implementation Date of Changes in the Calculation of the National Securities Clearing Corporation’s Excess Capital Premium Charge On the morning of the effective date, the ECP charge will be calculated using the proposed changes, which compares …

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SEC Alert! SEC today adopted rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date (T+2) to one (T+1).

by Dismal-Jellyfish Source documents: Final Rule (314 pages) Fact Sheet https://www.sec.gov/news/press-release/2023-29 Gary Gensler Tweet on it: https://twitter.com/GaryGensler/status/1625884241656414209 We just adopted rules & rule amendments to shorten the standard settlement cycle for most securities transactions. Taken together, these amendments will make our market …

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Trump Proposes Big Changes to Public Education, Saying It’s Been Overtaken by ‘Radical Left Maniacs’… DeSantis Proposes Life in Prison as MINIMUM Sentence for Child Sex Criminals

via justthenews: Continuing to craft a second generation of his policies, former President Donald Trump is proposing a dramatic change in the education sphere that would empower parents to elect and fire school principals. “Our public schools have been taken over …

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Joe Biden Changes His Mind AGAIN: “The MAGA agenda represents an extremism that threatens the very foundations of our Republic.”

The MAGA agenda represents an extremism that threatens the very foundations of our Republic. It doesn’t respect our Constitution.It doesn’t believe in the rule of law.And it doesn’t recognize the will of the people. — President Biden Archived (@POTUS46Archive) September …

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Glenn Greenwald – I’m skeptical of whether Musk will be able to make the changes many of these liberals fear, or whether he’ll really try, but look how petrified they are about living in a world where tech oligarchs no longer censor at their behest. They don’t want to live in such a world

Glenn Greenwald was a more liberal journalist if my memory serves me right. Maybe he’s more independent now. Makes a good point though. The deleted tweet I was referencing is below. There are many like these. @BrianStelter talked about liberal …

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3 tax changes to know before filing

Americans for Tax Reform President Grover Norquist argues people who have a side hustle and independent contractors are ‘being swept up’ by the administration’s latest IRS push. The 2022 tax season is underway and marks the third straight tax season …

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