credit
China’s Social Credit System – It’s Coming to the United States
by Marin Katusa In 2015, a 16-year-old student from Jiangsu, China, tried to board a train. She couldn’t even purchase a ticket. The student, Zhong Pei, tried enrolling in classes at her university. But she was not allowed to do that …
Credit driven event underway spreading into higher equity vol, HYG something’s up with all the put buying
credit driven event underway spreading into higher equity vol pic.twitter.com/xcxmsjkjyI — Alastair (@StockBoardAsset) March 28, 2019 https://twitter.com/farrisbaba/status/1110738827868602369 https://twitter.com/MehulD108/status/1111217141699760129 global 40ft container rates continue to collapse pic.twitter.com/h6JYAFUVMQ — Alastair (@StockBoardAsset) March 27, 2019 One of the world’s leading authorities on Asia …
I researched Cash-Back credit cards so you don’t have to
by jakfrist Since the summary table is all anyone cares about, here it is up front. I apologize in advance if any of this is incorrect, I aggregated it by hand in Excel Issuer Card Name Card Reward Level …
Can you do better than 2% back on credit card spending?
by yes_its_him Inspired by the recent really-big table of credit card rewards, I want to start a discussion about how you can obtain a superior level of organic return on credit card spending, and why that can be better …
Singapore’s Top Law Firm Sees Cracks in Southeast Asia’s Credit Markets
Cracks are showing in Southeast Asia’s credit markets as struggling companies in troubled industries seek to repair their balance sheets, according to Rajah & Tann Singapore LLP, which manages the largest network of corporate lawyers in the region. The law …
Americans Face MASSIVE Credit Card Debt! – This WILL NOT End Well
by Josh Sigurdson of World Alternative Media Josh Sigurdson reports on the massive credit card debt American families are facing across the board and highlights the top ten cities where families face the MOST debt. The top three are Dix Hills, New York, …
Credit Karma is going to be our version of the Chinese Social Credit Scoring System
by kit8642 https://youtu.be/rU-IKwDquDg Credit Karma’s new ads are quite telling, especially when you consider that google has been the main funder of it. In March 2014, Credit Karma raised $85 million in Series C financing, led by Google Capital with …
The Coming Crisis the Fed Can’t Fix: Credit Exhaustion
by Charles Hugh-Smith Thus will end the central banks’ bombastic hubris and the public’s faith in central banks’ godlike powers. Having fixed the liquidity crisis of 2008-09 and kept a perversely unequal “recovery” staggering forward for a decade, central banks …
New study highlights just how bad Americans are with credit cards
A new study details how Americans manage credit cards and how stressful credit debt can be. Commissioned by Clever Real Estate and conducted by online polling software Pollfish, the report looked at 1,000 survey responses of Americans who owned at least one …
Not Bullish: Equity vol and cdx na ig starting to turn up, no pickup in China’s credit creation YoY, consumer hitting a wall…
equity vol and cdx na ig starting to turn up pic.twitter.com/VsblsGDhaT — Alastair (@StockBoardAsset) March 14, 2019 There has been no pickup in China's credit creation YoY. This leads the economic data by 9-12 months. $FXI pic.twitter.com/RgBAQQgTb2 — Teddy Vallee …
S&P: At This Point, There’s Probably Nothing We Can Do to Stop the Next Credit Crisis
via investmenteurope: Global debt levels have become “higher and riskier” than that of a decade ago, meaning that “another credit downturn may be inevitable”, S&P Global Ratings has warned. In a report entitled Next Debt Crisis: Will Liquidity Hold?, published on Tuesday …
This Is How You Create the Biggest Credit Bubble in History
By John Mauldin Last week, the ECB announced it would keep record-low interest rates for longer. The news comes shortly after the Fed gave in to the market and held off on further rate hikes. While investors celebrate the policy reversal, …
How to Find a Short Term Loan With Bad Credit
Short term loans with bad credit are exactly what someone in need of funding needs! With a short term loan, expect immediate funding, as well as the convenience of not getting checked off based of a credit score. Most financial …
The credit card business in the US is an extraordinary racket charging both merchants and cardholders to generate extraordinary margins.
The credit card business in the US is an extraordinary racket charging both merchants and cardholders to generate extraordinary margins. Deutsche Bank via @SoberLook pic.twitter.com/yiE3miYXN9 — Adam Tooze (@adam_tooze) March 7, 2019 i know. i know. this doesn't matter. but …
Record US Credit Card Debt, Rising Delinquencies: “The Clock Is Ticking”
via Yahoo: A rising number American households are grappling with rising borrowing costs and consumer loan delinquencies — a worrying trend that could indicate an economic slowdown is at hand, Deutsche Bank warned on Wednesday. As U.S. consumers rack up a record …
Deadbeat Nation: 37 Million Credit Card Accounts In The U.S. Are “Seriously Delinquent” Right Now
by Michael Snyder Is the consumer debt bubble finally starting to burst? If the latest numbers on delinquent credit card accounts are any indication, that appears to be precisely what is happening. As I noted the other day, Americans currently have …
Jason Burack: What Credit Problem? China Offers Credit To All: $685 Billion Dollars In One Month!
Wall St. For Main St., Released on 2/21/19 Jason talks about a how China offering credit To all! $685 billion dollars in total aggregate credit in just one month!
The $8,000,000,000,000 Corporate Credit Bubble That Is About to Trap Investors
via hedgeye: A viewer asked Hedgeye CEO Keith McCullough on our inaugural Mega Market Trends webcast his thoughts on how the current shorting opportunity in the market compares to previous setups in 2001 and 2008. McCullough explains that while there are some similarities …
High-Tech Gadget Lets Thieves Steal Credit Card Info At Gas Pumps
via fastcompany: Usually when people mention pain at the pump, they are talking about a rise in gas prices. Not Krebs on Security. The website wrote this week about a new warning from the fraud-investigation branch of the Secret Service. In a memo …
Is China’s Social Credit System A Preview Of The Coming “Beast System”?
by Michael Snyder Virtually everything that you do online and offline is being monitored, tracked or recorded by someone. Could you imagine what life would be like if the government compiled all of that information into a giant database and …
Credit markets fearful of impending global recession
via thetimes.co.uk: Almost a third of European credit investors fear that the global economy is heading for recession, according to a client survey by Bank of America Merrill Lynch. Investors’ biggest concern in February was a “global recession”, with 33 per …
The Credit Markets Have Stalled
Authored by Steven Vannelli via Knowledge Leaders Capital blog, Credit markets often move before the equity markets, and this can offer helpful information about the near-term path of equity prices. In general, I like to see credit confirming what the …
Credit Exhaustion Is Global
by Charles Hugh-Smith Europe is awash in credit exhaustion, and so is China. The signs are everywhere: credit exhaustion is global, and that means the global growth story is over: revenues and profits are all sliding as lending dries up …
Brace For Impact: As Credit-Asset Bubbles Pop, The Dominoes Start Falling
by Charles Hugh-Smith The economy is far more precarious than the surface boom/bubble suggests. A great many households, enterprises and municipalities are in overloaded boats whose gunwales are just a few inches above the water; the slightest wave will swamp and …
Even the big boys screwed up. Credit Suisse said to take loss of $60 million on Canada Goose.
https://www.bloomberg.com/news/articles/2019-01-25/credit-suisse-said-to-lose-60-million-after-canada-goose-trade Sold the stock at a $60 million loss after Canada arrested Huiwei ceo. Credit Suisse acted as an underwriter on the sale of 10 million shares by Canada Goose Holdings Inc. stockholders in late November. The offering was priced …
Jason Burack: US Consumer is Just About Tapped Out? Credit is Freezing Up?
Wall St. For Main St., Released on 1/29/19 Jason talks about the new data from Caterpillar, Apple, ratio of “present situation” to “expectations” from the Conference Board confidence report and also what GameStop said about credit for LBOs.