China 🇨🇳 Social Credit System. But of course, this would never happen here…https://t.co/c0sKhYvFlS — James Melville 🚜 (@JamesMelville) January 9, 2023 SS
by Shaun Richards Today the focus switches to the Bank of England and in technical terms it will be starting 2023 in good cheer. That is because its financial stability or “Not QE” bond purchases have mostly been unwound and …
by BoatSurfer600 There’s no liquidity and something will pop. Don’t worry though, plenty of time to pay higher taxes from another shit show courtesy of banks and failed regulators. distress debt surges in US.. time to kill zombie companies pic.twitter.com/8k8VuDId8R …
Venezuela’s socialist regime distributed a “Hope is Reborn” Christmas bonus stipend this week to users of its Chinese social credit system-inspired Fatherland platform. The “generous” gift of 44 Venezuelan Bolivars was worth $2.84 on Monday and is now worth $2.67 …
Retail sales fell 0.6% in November as consumers feel the pressure from inflation. Consumers pulled back on spending in November, failing to keep up with even a muted level of inflation for the month, the Commerce Department reported Thursday. Retail …
The fight is coming. Government will try to bring in social credit scores and it will be up to us to fight it. Are you ready? Are you making an effort to use cash where you can? Are you restricting …
https://twitter.com/BernieSpofforth/status/1602042530845057027
(ZeroHedge) Gun rights advocates warned that a new change to the credit card industry to add a firearm and ammunition-specific Merchant Category Code (MCC) for gun stores wasn’t about tracking guns necessarily, but could lead to the denial of lawful firearms purchases by law-abiding …
by Charles Hugh-Smith Who believed that central banks’ financial perpetual motion machine was anything more than trickery designed to generate phantom wealth? Central banks seem to have perfected the ideal financial perpetual motion machine: as credit expands, money pours into risk assets, which shoot higher …
So basically, no one can afford to finance cars anymore 😵💫 Carvana’s auto financing volume fell *24%* in Oct and marked the 6th straight month of declines. (via Auto Finance News) — Car Dealership Guy (@GuyDealership) December 3, 2022 h/t …
CREDIT SUISSE IS EXAMINING WAYS TO ACCELERATE COST CUTS AS REVENUE OUTLOOK DETERIORATES, LIKELY TO INCLUDE MORE JOBS THAN PREVIOUSLY ANNOUNCED FOR FIRST WAVE – SOURCES. $CS — FinancialJuice Stocks (@FJ_Stocks) December 1, 2022 Meanwhile credit suisse… pic.twitter.com/AXJEFn07Am — Alessio …
by Infamous_Sympathy_91 It’s quite concerning to see Credit Suisse CDS spreads widening so drastically. This indicates that the bank may be facing more risks than it was previously, and investors are increasingly worried about its financial health. I think this …
Bank credit standards are already tight enough to curb private credit creation. Mind the 4-quarter lag. pic.twitter.com/OdhHXtgF1K — Steve Donzé (@steve_donze) November 24, 2022 https://t.co/thBvOcvlOP — Tuomas Malinen (@mtmalinen) November 24, 2022 A storm is brewing… ⛈️ $SPY $VIXhttps://t.co/KdGBS3oxAZ — …
by BoatSurfer600
Bloomberg – Myriam Balezou – November 23, 2022 at 7:26 AM (1 hour ago) Credit Suisse Group AG clients pulled as much as 84 billion Swiss francs ($88.3 billion) of their money from the bank during the first few weeks …
via Martin Armstrong: I reported in September that the Heritage Foundation estimated that the average American lost $4,200 since Biden became president. Within only a month, their analysis for October revealed that the average family had lost an average of $7,400. Around $6,100 of …
https://twitter.com/0xfoobar/status/1592183723956572161 https://twitter.com/0xfoobar/status/1592193934352322561
Guest post by MN Gordon from Economic Prism: On Thursday, the Bureau of Labor Statistics reported that consumer prices, as measured by the consumer price index (CPI), inflated at an annual rate of 7.7 percent in October. Investors went bananas …
Social credit system explained: “If you go to China, they’re piloting it. I lived in Shenzhen and if you jaywalked in Shenhzen they would send you a notification and deduct money directly from your account. This was 4 years ago. …
"The new data from Bankrate shows that in addition to 19.04% being the highest APR in the past three decades for credit cards, it also represents a record increase for a single calendar year…" Source: https://t.co/x0C5xltuyN — Gold Telegraph ⚡ …
by BoatSurfer600 Meanwhile… ‘I’m selling my blood’: millions in US can’t make ends meet with two jobs
By Matthew Piepenburg Below we examine credit markets losing all credibility as rising rate shark fins circle in for the kill. Treasuries Matter for the World Un-Deserved/Reserve Currency The yield on the 10Y UST is known by most investors to represent the …
by confoundedinterest17 How bad is inflation under Biden? Consumer credit outstanding soared by 8.1% YoY in August as the inflation rate soared to 8.2%. Meanwhile, the personal savings rate YoY cratered to -59.3%. Of course, Biden is his tone-deaf manner …
https://t.co/wW3CGyHjEr — Richard – extended analogy creator 🙏 (@BedfordRichard3) October 31, 2022
