by WARREN MOSLER Highlights Consumer credit growth slowed more than expected to just $10.9 billion in September, below Econoday’s consensus range and less than half of the upwardly revised $22.9 billion August increase. Growth slowed in nonrevolving credit, which rose …
China has started ranking citizens with a creepy ‘social credit’ system – here are some of the things that will happen to you, if you rank low or have a low score. https://www.youtube.com/watch?v=fsLBseRQ3GY THIS is what happens when TOTALITARIAN ideals …
via Bloomberg: After quitting his job at a $7 billion hedge fund to go it alone three years ago, Adam Schwartz happened upon a short so certain he built a notional position amounting to half his fledgling firm’s assets on …
Dr. Michael Burry bets against the then iron clad housing market by having multiple banks create credit swaps and then selling mortgage backed securities short. Straight come up.
Introducing the Ultra FICO score coming in 2019. This is what it is, how this affects you, why you should care, and how this could increase your score and make you money…enjoy!
by John Rubino Bricks and slaughter: Exposing Australia’s housing crisis … Max Keiser and Alasdair Macleod on the sudden turn in the credit cycle … Lynette Zang: “The bottom is falling out” … Peter Schiff: “This is one of the …
https://www.youtube.com/watch?v=1de0toVAvv8 AUSSIE HOUSING BUBBLE IS KING!
via mishtalk: Just in the nick of time not: Fair Isaac is launching a new type of credit score that will give millions more credit. Just as the economy is peaking, consumers with a low FICO could get a higher “UltraFICO“, …
Do you think that credit scores rising from these two actions is a good thing? Although your credit score doesn’t make or break your future, it has a major impact on your finances. If you want to rent a …
by Martin Armstrong Believe it or not, Obama, who raised taxes dramatically, is claiming the recovery is because of him and not Trump. On September 7th, 2018 Obama at a speech at the University of Illinois sharply criticized Trump and then claimed …
by notlachargers I’m 28 years old, make $65k a year ($3,800 take home monthly) and live with my girlfriend in Los Angeles, CA. My company matches my 401k contribution every paycheck at 4%. Credit score is currently at 640-650. I’ve …
by COMPUTER1313 April 25, 2018: https://www.bloomberg.com/news/articles/2018-04-25/a-3-trillion-credit-market-has-corporate-bond-investors-on-edge The high-grade bond market in the U.S. already has the lowest credit quality mix since the 1980s, according to CreditSights, and there are signs investors are getting nervous. A Bloomberg Barclays gauge of average corporate …
Moody’s: It “will exacerbate already material fiscal challenges on the horizon.” If unaddressed, “social tensions will continue to rise.” By Fred Dunkley, Safehaven.com: Credit-analysis firm Moody’s Investors Service is sounding the alarm bells over “rising inequality” as the gap widens between America’s rich and …
On the heels of the latest Fed rate hike, credit card interest rates are at record highs. The average APR is now over 17 percent, according to CreditCards.com’s latest report. That means it’s time to aggressively pay down debt. If …
Its crazy… total police state and the sad thing is that people seem to embrace the system. h/t CarimboHanky
by wjean Today I learned that Wells Fargo has a $5K limit on online credit card bill payments; this is INSANE as I have a $25K or so credit line. I know this is a first world problem but just …
More notably, after a two-month dormancy in using credit cards, American consumers returned to doing what they do best – spending money they don’t have – with revolving credit jumping by $4.8 billion, the highest monthly increase since May, and …
Do you think that millennials will get out of debt and this trend will reverse? Or is this an impending crisis? With already high levels of debt, how will they be able to afford buying a home? Debt puts a …
DEARBORN, Mich. — When Ford Motor was celebrating the 100th anniversary of its Rouge industrial complex last week, its chairman, William C. Ford Jr., offered an optimistic outlook for the years ahead. The company is still solidly profitable, he …
via Jim Leaviss As we pass the 10-year anniversary of the Lehman default and we started thinking about what we were doing back in 2008 (desperately moving my savings out of certain banks was high on the list for me, whilst …
BY JOHN MAULDIN Many good things are happening in China. Businesses are prospering. Living standards rise. The country’s interior is still quite poor but life is improving. This progress is welcome news. The problem is how China is financing it. The …
by DaleSwanson I froze my credit after the Equifax breach, but have had to lift it a few times since then. When freezes became free I wanted to confirm that my credit was frozen with each bureau. When I got …
by dlister70 It’s been one year since I started my new credit life. I have had credit cards since I was 18, but I was never responsible with them. I paid minimum payments for nearly 20 years. It took until …
Video about Credit system and how it already affects Chinese residents. The talk is about pro-governement, Chinese citizens in journalism being blacklisted already and muslims from XinJiang province being discriminated by the system and stuck in their region as a …
From Ray Dalio: I find that whenever I start talking about cycles, particularly big, long-term cycles, people’s eyebrows go up; the reactions I elicit are similar to those I’d expect if I were talking about astrology. For that reason, I want …
by txholdup I usually check my credit card on-line several times a month. But I was traveling recently. I went over my credit card bill and found 2 charges to Walmart Grocery, their on-line service for buying food. I don’t …
by tinkrman What is a credit freeze? A credit freeze is when you put a hold on your credit record, so that nobody can get access to it without your permission. It protects you against identity theft. Even if a …
China is about to triple it’s number of CCCTV cams from 200 to 600 million and implement a Digital Dictatorship that’s run by AI. You start with a score of 800 . If you stay on the postitive side of …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This deal is “reminiscent of the kind of deal I would have seen in 2006 and 2007.” They’re still blowing off the Fed. This is considered a door-opener Leveraged Buyout (LBO): If it flies and investors …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter After the uproar about the Equifax hack, Congress did do something. And credit freezes are now a lot easier to place and lift. Starting September 21, 2018, placing or lifting a “credit freeze” – aka “security …