via MSN: The numbers: A survey of consumer confidence slipped in May to a six-month low of 102.3. Americans remained gloomy about the economy and said jobs were getting harder to find. The closely followed index dipped 1.4 points from a …
These credit default swaps on U.S. treasuries are now worthless 🍿 https://t.co/FQUZXdc38m — Financelot (@FinanceLancelot) May 28, 2023 h/t Simian_Stacker
by Martin Armstrong (old ratings featured above; deemed not inclusive enough) I mentioned how the Corporate Equality Index (CEI) is the reason companies are going WOKE. This is the imaginary social credit score based on a company’s adherence to WOKE …
The odds of going past the default X-date without a debt ceiling deal are 25% and rising, JPMorgan says
by BoatSurfer600 WASHINGTON – For thousands of years farmers plowed their land to plant crops, ranchers let their cattle wander the grasslands eating as they like. That was before Microsoft or Walmart showed up in Texas farm country. As corporations …
by jacksdiseasedliver For years here it has been theorized that the Mother Of All Short Squeezes will be triggered by a stock market crash, a steep decline in collateral, an nft dividend, or some other triggering event in which shorts …
In fact, tightening is already nearing 2008 levels in many areas 👇🏻 https://t.co/DcJ6cWznzn — Nikolay Kolarov, CFA (@libertniko) May 23, 2023 Jamie Dimon Warns QT Will Lead To More Bank Failures In other words, as other banks fail, JPM prospers: …
by CachitoVolador via Bloomberg: A day after dismissing a question that would have forced a payout on some of Credit Suisse Group AG’s default swaps, a panel that oversees the derivatives market received another query that could trigger the contracts. The Credit …
Family meeting: If we cut out some money for candy we can still buy more guns and then we can go to $50,000 in debt.Worst case we just print more money in the basement.https://t.co/9dfkLx36dU — Sven Henrich (@NorthmanTrader) May 17, …
via CNBC Who is going to tell them they’re actually in the hole trillions? Funny enough, they plan to offset the loss on paper to pretend it doesn’t exist, thanks to a special accounting trick from “negative goodwill”. This is …
What does Biden’s new mortgage rule mean for YOU? How homeowners with good credit scores will pay $375 of dollars more – while those who don’t pay the bills on time will save $6,000 White House has come under fire …
via fortune: “Credit card balances were flat in the first quarter, at $986 billion, bucking the typical trend of balance declines in first quarters,” researchers wrote in the report. “US households showed signs of increasing financial stress in the first …
via Zerohedge: Ahead of this week’s earnings-season ending barrage of retail data, analysts and traders were asking if the strong consumer spending momentum from early in the season would carry through or if we would see an uglier side to the US …
via William L. Anderson: In the summer of 2020, the Smithsonian Institution created a chart meant to condemn what it calls “whiteness,” and it listed a number of characteristics it claimed were essential to “white culture.” Among the so-called characteristics it described …
When the credit card is maxed out, you have to start prioritizing what you actually spend your income on. It is time to force this issue. DON'T RAISE THE DEBT CEILING.Force them to prioritize spending. Make it uncomfortable. — Wall …
via reuters: NEW YORK, May 10 (Reuters) – The cost of insuring exposure to U.S. government debt rose to fresh highs on Wednesday, as President Joe Biden and top lawmakers remained deadlocked in talks over raising the $31.4 trillion federal …
Inflation at 4.9% Fortune 500 firing people and cutting bonuses. Meanwhile, credit card debt hitting all time highs. pic.twitter.com/IYXIb1TTUy — Genevieve Roch-Decter, CFA (@GRDecter) May 10, 2023 Inflation slowing but wages slowing more: Real earnings are down for a record …
Already worse than 2008. https://t.co/SHSyomwhhA — Financelot (@FinanceLancelot) May 9, 2023 Meanwhile, credit card interest rates are rising at a historic pace. The average rate on credit card debt in the US just hit a record 24%. All while 73% …
by bitkogan In March, more banks tightened credit terms for medium and large business loans (46%) as compared with January (44.8%). Lending standards for residential real estate loans also tightened in all categories except for government-sponsored enterprise-eligible and government residential …
1) Banks are tightening credit in response to fed rate hikes, economic uncertainty, and money supply contraction. This tends to be a "leading indicator" of where the economy is heading. And suggests a big slowdown in lending in H2 2023 …
At an interest rate of 24%, you need to generate an even higher return on your own capital. The problem is there are no asset classes that offer 25% plus returns on capital, which is why the total credit card …
"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 …
by confoundedinterest17 Ok, it is well-known that Biden was the stupidest man in the US Senate. And with Washington’s Patty Murray in the Senate, that is quite an accomplishment. But Biden is President and is still stupid and spiraling down …
Only 50%+ over forecast! The consumer is rocking it! https://t.co/FGVuHQyQpN — John Tuld (@BradHuston) May 5, 2023 This is the first time M2 Money Supply has ever touched the lower Bollinger band. In 1992 we weren't even close. We're currently …
Executives at companies like Nike, Anheuser-Busch and Kate Spade, whose brand endorsements have turned controversial trans influencer Dylan Mulvaney into today’s woke “It girl,” aren’t just virtue signaling. They’re handing out lucrative deals to what were once considered fringe celebrities …
by Shaun Richards This morning has brought news on an issue we have been concerned about which is how much of a monetary brake is being applied in the Euro area? As we have mulled the switch from negative interest-rates …
by confoundedinterest17 Thanks to O’Biden (Obama/Biden) and Senate Majority Leader Chuck Schumer’s failure to negotiate a debt ceiling increase, the US has officially become a banana republic. Crazy government, lawless censoring and arrest of opposing political candidates. The US CDS …
Credit conditions in Europe are tightening at the fastest pace since 2009. via Bloomberg pic.twitter.com/QEQEEgK9lm — Daniel Lacalle (@dlacalle_IA) May 1, 2023 The banking crisis is just beginningWe have called it right for months The worst is yet to come …
by Qplus17 https://twitter.com/GRDecter/status/1651734455537614853 ‘The US Economy Is Unwell’: Wall Street Bigwigs Pour Cold Water on Benedict Biden’s Economic Optimism JPMorgan says S&P 500 could hit 3500 ‘by early summer’ By Investing.com ‘Welcome to the recession:’ Most of Wall Street still …