Toronto-Dominion Becomes Biggest Bank Short With $3.7 Billion on the Line Turns out, the biggest short in the banking industry anywhere in the world isn’t in Switzerland or Silicon Valley, but rather, in the relatively tame financial center of Canada. …
by Michael If you are struggling to make it in this economy, you are not alone, because there are millions of other Americans in the exact same boat. Needless to say, the cost of living has become extremely oppressive, and …
by Wega58 Stagflation is a term used to describe a situation where the economy is stagnating, there is high inflation, and rising unemployment. It’s a bad situation because as the economy slows down, people lose their jobs, and the cost …
by Chris Black They told us Russia’s economy would be destroyed, their military would be weakened, there would be mass protests, leaders would be removed and they’d end up totally isolated. Looks to me like that is describing what’s happening …
by TonyLiberty Consumer Confidence data (Tuesday): A higher level of consumer confidence usually indicates that consumers are more willing to spend money, which can boost economic growth. Consumer Confidence data can be a great indicator of future spending habits. 2. …
Started 5 years ago. Now we are in a death spiral. Major banks are collapsing. All part of the plan for China Yuan to become the next reserve currency. Major war coming as history always repeats. Every time a reserve …
by confoundedinterest17 While waiting on the February jobs report from the US Bureau of Labor Statistics (BLS), I noticed that the big 4 banks (Bank of America, JPMorgan Chase, Citi and Wells Fargo) are drowning in net realized losses as …
by Michael The mainstream media continues to tell us that the economy is in fine shape, and you can believe that if you want. But evidence continues to mount that indicates that we are headed for very serious trouble. Inflation …
by BoatSurfer600 Gundlach: "this is going straight vertical" pic.twitter.com/g3vXxVlEYu — zerohedge (@zerohedge) March 7, 2023 USED 🚗 CARS pic.twitter.com/uuNsxgtJIE — Win Smart, CFA (@WinfieldSmart) March 8, 2023 POWELL: THE COSTS OF FAILURE TO CONTROL INFLATION WOULD BE MUCH HIGHER THAN …
Alternative, real-time data starts to suggest some more meaningful weakness in the US labor market. Job openings down across the board. Hiring rates as measured by LinkedIn are down 28% (!) compared to last year February. pic.twitter.com/vGCJRyjTqI — Alf (@MacroAlf) …
by Michael Why is the U.S. economy suddenly deteriorating so rapidly all around us? Well, the short answer is that this downturn is way overdue. For years, our leaders tried to cheat the laws of economics. The Federal Reserve pushed …
Money manager and economist Peter Schiff said in October the Federal Reserve “could NOT win the fight on inflation by raising interest rates.” As inflation just turned up anew, it looks like he was right—again. Schiff explains, “Based on the …
by Michael A lot of people out there have been waiting for the next major economic crisis to arrive. If you are one of them, you don’t have to wait any longer, because it is already here. All of the …
by: Roy Green (Natural News) Even Walmart feels the pinch of inflation and economic downturn, with the big-box retailer announcing the closure of five under-performing stores in five states. A spokesperson for the retail giant told KRQE 13 that a Walmart in southeast Albuquerque, …
by confoundedinterest17 President Biden touts his economic plan as being a great success. But the data says otherwise. Real Disposable Personal Income, for examplge, was down -6.4% year-over-year (YoY) in 2022. That is the WORST reading since The Great Depression. And …
The Fed holds interest rates to be its primary control valve, with lower ones providing a stimulus to the GDP and higher ones a brake. Self-evidently, therefore, interest rates below the inflation level are a stimulus because they amount to …
by Chris Black The entire post-war US Empire is built on the symbiotic relationship between the dollar and the aircraft carrier. The military costs trillions and trillions to run, and if the dollar were to lose 50-70% of its value …
by Michael Economic conditions are much worse than you are being told. Throughout the past year, prices have been rising much faster than most of our incomes have. As a result, our standard of living has been rapidly declining. It …
by Michael There seems to be clear and rapidly-mounting evidence (non-access/restriction to, particularly large, bank accounts) that Australia/Australian banks are preparing for a financial/economic crash of massive proportions and banning withdrawals for bogus reasons likely in a forerunner to preventing ‘runs …
by: Kevin Hughes (Natural News) Money manager Michael Pento claimed the three percent economic growth reported by China in 2022 was questionable. During a recent interview on the “Liberty and Finance” podcast, Pento expressed his doubts about the matter to host Dunagan …
THE US MONEY SUPPLY, TREASURY CURVE AND LEADING ECONOMIC INDEX ARE ALL SIGNALS THAT A "HARD LANDING WILL OCCUR IN 2023" – BOFA. — FinancialJuice (@financialjuice) January 27, 2023 https://twitter.com/MFHoz/status/1618735184106639362 Our $SPY market view, from our 2023 outlook, simplified. We’re …
by Shaun Richards On our journey looking at world economic developments crises are sadly rarely far away. Indeed our subject of today has in many ways been one long-running crisis. But the 2022 energy crisis and its consequences has given …
US Leading Economic Index in the toilet h/t laflammaster
Energy Minister Irene Vélez of Colombia confirmed on Thursday that the South American nation will stop awarding new oil and gas exploration contracts, a decision that she described as “absolutely urgent.” Vélez made her announcement at the gathering of the …
The markets are nervous about overtightening by the Fed. The economic data continues to worsen. Strap In. 2023 could get ugly 🔥🔥🔥 Chart credit: @SagarSinghSetia pic.twitter.com/vLOrnpa5ND — Wall Street Mav (@WallStreetMav) January 21, 2023 One thing Zerohedge has never explained …
by confoundedinterest17 Its a sign of the times! First, US default risk as measured by credit default swaps remains elevated (primarily because Biden and Democrats refused to cut wasteful spending or reign in non-retirees on Social Security). And NY Fed’s Reverse …
Why is FBI Director Christopher Wray speaking at the World Economic Forum? — Congressman Troy E. Nehls (@RepTroyNehls) January 17, 2023 Does seem odd — Elon Musk (@elonmusk) January 17, 2023
