Deutsche Bank is now offering 2.4% interest on 1y fixed saving account to retain or attract customer deposits. Deutsche deposits were down 5% to €592bn in Q1. Most happened before banking turmoil in Mar, driven by depositors seeking higher rates… …
The more you earn the more your electricity costs! The people in this state never cease to amaze. via ktla: If you earn more, you pay more. That’s the basic idea behind sweeping changes proposed by California’s three largest power …
by Quant2011 In every region they are larger, meaning that productive assets (stocks) are valued less than non-productive , electronic ledger entries, impostors of real money: https://seekingalpha.com/article/4594039-global-etf-market-facts-3-things-to-know-from-q1-2023 Gold ETFs in North Am are only 1727 tonnes, 55M oz, worth just $110 …
Real estate bros on suicide watch… h/t BoatSurfer600
Too soon? pic.twitter.com/Yq5yhbiDQb — Financelot (@FinanceLancelot) December 16, 2022 J Powell – "We printed too much money, prices went up too quickly and you couldn't afford stuff…worry not! We will now reduce your net worth and take away your job." …
https://twitter.com/BernieSpofforth/status/1598215498336202757
via thefederalist The 4th Circuit Court of Appeals (Richmond, VA) just ruled that Section 230 was wrongfully adjudicated. It was only meant to protect online social networks that DO NOT INTERJECT THEIR OPINION CONTENT ONTO THE SITE. Twitter, Facebook, Instagram etc. …
h/t BoatSurfer600
by Boo_Randy The housing market is f*#ked. Once again, millions of people are going to end up losing “their” house to the Fed’s private equity accomplices. Once again, the banksters who recklessly lent to the non-creditworthy to buy houses they …
by Boo_Randy Once again, the central bankers have blown insane speculative housing bubbles. Once again, millions of “homeowners” will end up losing “their” houses to foreclosure. Once again, our captured political class will force taxpayers to bail out the banks …
by Boo_Randy The housing bubble busts in the hottest markets like Australia and New Zealand, where people borrowed as much as 11X their income due to insanely overpriced housing, are going to be spectacular. Got popcorn? https://www.news.com.au/finance/economy/interest-rates/500000-aussies-facing-mortgage-cliff-as-ultralow-fixedrate-terms-wind-down/news-story/c12c6a483498468ee017a48dba58d37d Hundreds of thousands …
https://www.wsj.com/articles/inflation-jobs-fed-recession-economy-11650294297?mod=hp_lead_pos9 The Federal Reserve is setting out to do something it has never accomplished before: reduce inflation a lot without significantly raising unemployment. Central bank officials think it is possible with calibrated interest rate increases that slow booming demand just …
by confoundedinterest17 Inflation under President Biden (aka, Bidenflation) has hit 7.9%, the highest in 40 years. And no Joe, the inflation surge was well underway before Russia invaded Ukraine on February 24, 2022. As The Federal Reserve is allegedly going …
by confoundedinterest17 Michael Lea and I wrote a paper several years ago arguing that most borrowers would be better-off with an adjustable-rate mortgage than a fixed-rate mortgage. The US is one of the few countries in the world where the …
by confoundedinterest17 The US 30-year mortgage rate broke through the 4% barrier. According to Bankrate’s mortgage survey, the 30-year mortgage rate is now 4.2%. Even more interesting is the 5/1 Adjustable Rate Mortgage (ARM) rate falling slightly to 2.87%. That is …
by Steve St Angelo of SRSrocco Report SRSrocco Report Internet & Phone… OUT OF SERVICE, The Shape Of Things To Come Our phone and internet service have been down for the past day, including our streaming TV service. It’s quite amazing how much …
almost got to half a trillion *46 COUNTERPARTIES TAKE $497.4B AT FED'S FIXED-RATE REVERSE REPO pic.twitter.com/CK5PcTrnvN — Brian Chappatta (@BChappatta) June 8, 2021 TRADERS LAST WEEK SPENT $11.6 BILLION ON OPTIONS CONTRACTS TIED TO $AMC, MORE THAN ON $SPY, $QQQ …
Fixed income, those on pensions, people who rely on income from government, social security. The financial system is always changing. Money comes in and goes out. More investment is certain funds or sectors and then it flows to another. More …
by confoundedinterest17 KBW Bank Index (a modified cap-weighted index consisting of 24 exchange-listed National Market System stocks, representing national money center banks and leading regional institutions) rose to a record high .. with near-zero Fed Funds Target Rates. And seemingly endless asset …
By Robert Ross Chances are you’re overlooking an entire class of safe, high-yield stocks… These stocks have dividend yields averaging 5.7%. Yet very few retail investors own them. That’s a shame. It means you’re probably leaving a lot of (predictable) money on …
by Charles Hugh-Smith Just in case you missed what’s going on in France: the status quo in Europe is doomed. The status quo has a simple fix for every crisis and systemic problem: 1. create currency out of thin air …
Ten things need to change for the stock market to come back from its Monday declines, CNBC’s Jim Cramer said as high-profile technology stocks Facebook and Apple led the major averages lower. “When does this rout end? When do the …
by BrokenFireEscape November 1, 2018 – Series I Bonds purchased in the next six months have a fixed rate of 0.50% and a composite rate of 2.83% As the Federal Reserve continues to raise federal lending rates, it is fairly safe …
by Martin Armstrong QUESTION: hi martin just a quick question about government systems. Do you think the USA would be better served by adopting a parliamentary system of governance( like for example the UK) or do think it is better served …
via thefederalist: If you’re under the impression that the system exists merely to facilitate your partisan agenda, it’s not surprising that you also believe it’s “broken” every time things don’t go your way. This is why so many Democrats argue that …
H.R.5404 – To define the dollar as a fixed weight of gold. Interesting…this bill was introduced in the House on 22 March: H.R.5404 – To define the dollar as a fixed weight of gold Sponsor: Rep. Mooney, Alexander X. [R-WV-2] …
by moneymetals https://s3.amazonaws.com/ILB_MS_BUCKET/ILB-171208-WeeklyMarketWrap.mp3 DOWNLOAD MP3 Don’t want to listen? Read the podcast below! Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear a truly explosive interview with Michael Pento of Pento Portfolio Strategies. Michael describes for …