Why Credit Cards?
by njc2o For me, its for the rewards and security. To get more specific: Security. When you use a debit card out in the world, you’re giving the world a more direct line to your actual money. Every time …
credit
Credit cycle is deteriorating quickly
Anyone notice the Leveraged Loan Index did not break in 1Q18 when the stock market corrected -10%. However, the index broke on the -20% stock market correction in late 2018. Signals to me – credit cycle is deteriorating quickly pic.twitter.com/1p52oA7btO …
Lynette Zang: HARD LANDING AHEAD – Are The Credit Airbags Ready?
by Lynette Zang of ITM Trading For the first time since 2008, no junk bonds were issued in December 2018. “This is clearly more than year-end jitters,” said Guy LeBas, a strategist at Janney Montgomery Scott. “What we’re seeing now is pretty typical …
Fitch warns of possible downgrade to U.S. AAA credit rating if shutdown persists
via Marketwatch: “I think people are looking at the CBO (Congressional Budget Office) numbers. If people take the time to look at that you can see debt levels moving higher, you can see the interest burden in the U.S. government …
Three Ex-Credit Suisse Bankers, Ex-Minister Arrested Over $2 Billion Loan Fraud
via sputniknews: The arrested conspirators are said to be involved in a large-scale credit fraud that ruined the economy of Mozambique in 2016. Three former Credit Suisse Group bankers have been arrested in London in connection with a loan fraud scheme that ruined the …
Researchers Credit Right to Carry Law With Reduction in Chicago Property Crimes
via nraila.org: In July 2013, the Illinois legislature overrode the veto of then-Governor Patrick Quinn to eliminate the state’s status as the last holdout in refusing to issue concealed-carry permits. In moving from “no-issue” to “shall issue,” law-abiding citizens of the Land of …
Why don’t we all join Credit Unions?
by roman-s Intro: Today I’ve learned that KeyPoint Credit Union (I have a car loan there) is a not-for-profit financial institute as any other Credit Unions. This was an eye-opener for me. I’ve read a little bit about Credit …
Social credit’ system is going live 2020
by Buck Rogers China has started ranking citizens with a creepy ‘social credit’ system — here’s what you can do wrong, and the embarrassing, demeaning ways they can punish you https://www.businessinsider.com/china-social-credit-system-punishments-and-rewards-explained-2018-4 China plans to rank all its citizens based on …
The Credit Market Is Sending A Bearish Signal For Stocks
via Andres Cardenal, CFA Summary Nobody can predict bull and bear markets, but some indicators do a sound job at providing capital protection during bear markets. The stock and bond markets are interconnected, and we can learn a lot about the …
All is well. Credit argues otherwise. When Leveraged Loans Index rolls over – watch out stock market!
All is well. Credit argues otherwise. pic.twitter.com/cGCelKZqeL — Jack (@JackPScott) December 28, 2018 When Leveraged Loans Index rolls over – watch out stock market! pic.twitter.com/M8IQSYZLMs — Alastair (@StockBoardAsset) December 28, 2018 The US Yield Curve has partly inverted. pic.twitter.com/tThH8mB2h7 — …
New York Times wants banks and credit card companies to monitor and ban gun purchases
by Dr. Eowyn Although there are rules preventing banks and credit-card companies from seeing what customers are buying, if the New York Times has its way, those financial companies would begin to do just that. Not only would they see what we purchase, but the NYT would also have them monitor …
Global recessionary pressures are building…. The arrival of the credit crisis?
Global recessionary pressures are building. South Korea, an economic giant, a play on global tech, and window on the Asian economy, saw industrial output sink 1.7%, embarrassing a consensus forecast of -0.2%. — David Rosenberg (@EconguyRosie) December 28, 2018 https://twitter.com/OccupyWisdom/status/1078556918401110016 …
Santa didn’t pay for those presents, credit did…
From ZeroHedge: After several years of disappointing holiday sales, retail analysts told any and all financial media who would listen that this year would be different. With wages finally accelerating at their fastest pace since the financial crisis, and early indicators …
REMY: It’s Beginning to Look a Lot Like Christmas — EV Tax Credit Edition (Video).
This is all too familiar. The EV rebate system is a total scam and I am guilty of partaking in it. Multiple times. We bought our first EV (a Tesla P85) 5 years ago and got both the federal and …
Credit Markets Deteriorating
by Chris Stocks are for show, but bonds are for dough. Always keep your eye firmly on the credit space. That Federal Reserve could give a rat’s ass about whether or not you are employed or your milk costs 2x …
Fed Rate Hike Will Cost Americans $2.4B in Additional Credit Card Debt Interest
via MarketWatch: If you have credit-card debt, it just got a little more expensive. The Federal Reserve on Wednesday once again raised its benchmark federal funds rate — having already done so earlier this year — as many economists had expected. …
Big Tech’s Chinese-style social credit ranking grows in West | Ezra Levant
https://www.therebel.media/threat-of-… On Friday’s episode of The Ezra Levant Show, Allum Bokhari, senior technology correspondent at Breitbart News, joined me to discuss why people are growing more concerned about threats to their free speech from Silicon Valley big tech companies. …
Chinese social credit system adjusted to punish regulations-breaking scientists weeks after CRISPR gene editing scandal
The Chinese government has expanded its controversial social credit system to include infractions made by research scientists. Researchers in China who commit scientific misconduct could soon be prevented from getting a bank loan, running a company or applying for a …
John Rubino: Maxed Out Credit – As Goes The Family, So Goes The Nation
John Rubino interviewed on Reluctant Preppers “The closer we are to danger, the farther we are from harm.” ~ JRR Tolkien What are the real reasons we should suspect that our financial lives are not as we are being told? And who …
“It Grows as It Goes”: New Mexico’s State Motto Fitting as Credit Card Debt Leads Nation
via Marketwatch: Where you live in the United States makes a difference when it comes to paying off credit card debt. It takes the average New Mexico household nearly twice as long to pay off their credit-card debt as …
Richard Fisher on How Bad Credit in Europe Could “Infect” US
The Next Recession: Europe could ‘infect us’ says Richard Fisher from CNBC. via CNBC: Richard Fisher is a senior advisor at Barclays and was president of the Federal Reserve Bank of Dallas from 2005 to 2015. He says the economy …
Credit Is Driving Sell Off In Stocks
credit is driving sell off in stocks pic.twitter.com/OZHAs7avfc — Alastair (@StockBoardAsset) December 11, 2018 CDX NA IG versus $SPX: credit is the big hint of risk on/off for stocks pic.twitter.com/gGVbbKaFF3 — Alastair (@StockBoardAsset) December 11, 2018 Wall St. Ignored Signs …
China, Corporate debt and profits, Bank credit, Japan, Leveraged loans
by WARREN MOSLER China exports falling with tariffs: China’s November export, import growth shrinks, showing weak demand US exports turning south as well? The deceleration that started with the collapse of oil capex in Dec 2014 took a brief zig …
Liquidity, Volatility, and a Credit Bust
by FS FS Insider recently spoke with the Chris Whalen, Chairman of Whalen Global Advisors LLC and editor of The Institutional Risk Analyst. Whalen discusses the big move in high yield spreads, tightening liquidity, and preparations for a credit bust (see Large Funds …
Credit spreads blowing out again, excess liquidity stays ugly into 2h19
credit spreads blowing out again pic.twitter.com/cz97yAUrKb — Alastair (@StockBoardAsset) December 7, 2018 https://twitter.com/TeddyVallee/status/1071082524418433027 pic.twitter.com/mpIa0ODpTV — Alastair (@StockBoardAsset) December 7, 2018 remember: when stocks get ahead of credit – that is when stocks puke pic.twitter.com/hVM8mdhPyP — Alastair (@StockBoardAsset) December 7, 2018 …
Nonpayment, Account Closures: Consumer Credit Is Starting to Look Ugly
Credit-card delinquencies, application rejections, and involuntary account closures are all on the upswing, according to a report from the Federal Reserve Bank of New York. The Fed says these developments are “potentially concerning” given the strength of the economy and …
Payroll growth slows… Credit-card delinquencies on rise… Trade gap widens to 10-year high
Payroll growth slows in November as labor market tightens Private payrolls grew by 179,000 in November, below Wall Street estimates of 195,000, according to ADP and Moody’s Analytics. The service sector added 163,000, led by professional and business services. Medium-size …
Credit card delinquencies and rejections are rising…
From Business Insider: The economy is robust, unemployment is sitting at 3.7%, its lowest mark in nearly half a century, and interest rates, though moving upward, are still relatively low. So why are credit-card delinquencies, application rejections, and involuntary account closures all on …
Alasdair Macleod on the coming “inflationary credit crisis” … Bill Black: Deutsche Bank is a criminal enterprise that might bring down the global financial system …
by John Rubino Alasdair Macleod on the coming “inflationary credit crisis” … Bill Black: Deutsche Bank is a criminal enterprise that might bring down the global financial system … Jim Rickards explains the coming “monetary reset” … Peter Schiff: “We’re …
Credit Problem Developing in US… Gundlach: Yield Curve Inversion Means Economy Is About to Weaken
CDXIG5Y led this $VIX explosion – please be careful there is a credit problem developing in US pic.twitter.com/PfrPIUs7EO — Alastair (@StockBoardAsset) December 4, 2018 JPMORGAN'S DIMON SAYS SHARE BUYBACKS SHOULD NOT BE DONE WHEN STOCK IS EXPENSIVE now he tells …