Bear Stearns failed in March 2008. It wasn’t until September that Lehman Brothers and AIG failed, marking a full-blown crisis. This may feel like a train wreck in slow motion.

by dbc13543 Back in 2008 the first massive sign of distress appeared in mid-March with the fall of Bear Stearns. While many other dominoes fell in 2008 after the failure of Bear Stearns, there wasn’t a full-blown crash and crisis …

READ MORE

US Recession May Strike In September 2023

by confoundedinterest17 Lightning strikes! The 12-month-ahead probability of recession spiked in November across all of yield curve models. The deterioration in the outlook was most significant in the one that relies on the 3-month/18-month forward spread — Fed Chair Jerome Powell’s …

READ MORE

US Jobs: Private Payrolls Rise By 233k In October After Rising 319k In September (-27% MoM), Unemployment Rate Edges Up To 3.7% As Wage Growth Cools To 4.7% (Too Bad Inflation Is At 8.2%)

by confoundedinterest17 President Biden just lost one of his midterm election talking points. “The U-3 unemployment rate the lowest since (garbled) at 3.5%!” Because it now has risen in October to 3.7%. Private payrolls added 233k jobs in October, which is a …

READ MORE

Since last September, 75% of Meta’s market value has been wiped out, bringing it down to 2015 levels. This represents a loss of $104 billion for Mark Zuckerberg’s personal net worth

Zuckerberg has really sunk the ship with his Metaverse obsession, not to even mention countless scandals about privacy, botting, manipulation, and the site becoming unusable in general with promoted posts replacing posts by friends. A stunning fiasco – Facebook may …

READ MORE

Global shipping bellwether Fedex is more bearish now than they were in September 2008. Think about this.. countries are registering record deficit, high inflation and higher rates

Global shipping bellwether Fedex is more bearish now than they were in September 2008: Sept. 9th, 2008Fedex Expects To Beat Its Forecast:https://t.co/chcpBX7Kwj This chart shows today's closing price, not after hours: pic.twitter.com/dJtqU907SU — Mac10 (@SuburbanDrone) September 15, 2022 $FDX cost …

READ MORE

“I think a pause in September might make sense” – Atlanta Fed President Bostic on rate hikes

by FarrisAT https://www.reuters.com/markets/us/bostic-baseline-is-pause-rate-hikes-september-assess-impact-2022-05-23/ It “might make sense” for the Federal Reserve to pause further interest rate hikes following expected half-point rate increases over the next two months as the central bank assesses the impact on inflation and the economy, Atlanta Fed …

READ MORE