When a Tesla electric truck costs $61k and American’s needs more than $10k extra a year just to keep their noses above the debt drowning line, who exactly can afford buying an Electric Vehicle much less any vehicle?…
Finance
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Americans Need An Extra $11,400 Today Just to Afford the Basics…
The typical American household must spend an additional $11,434 annually just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs, according to a recent analysis of government data…
Fed Data on Cash Assets at the Biggest Banks Depicts an Out-of-Control Fed and Banking System Cash At Banks Goes on a Roller Coaster Since the Crash of 2008…
FRED is a giant online database at the St. Louis Fed that allows anyone to graph the financial and economic data stored in its repositories. We use the data regularly to bring our readers a crystal-clear snapshot of the increasingly dangerous underpinnings of the U.S. financial system…
The Next Year Will See $7.6 Trillion in Government Debt Mature…
According to an analysis by asset management firm Apollo, almost a third of all outstanding US government debt is poised to mature in the next 12 months…
Trillion Dollar Bailout: What Xi Really Wants from Biden…
During his visit to San Francisco, China’s Xi Jinping, seemingly desperate, requested a substantial $900-billion bailout for the Chinese economy from President Biden…
Are U.S. Treasurys Still a Safe-Haven Asset? An Epic Bond-Market Crash and Rising Default Fears Are Sowing Doubts…
US Treasurys have long been the go-to asset when uncertainty, fear, and full-blown panic send investors looking for safety — but that reputation has take major hits lately…
Fueling Electric Vehicles Costs Roughly $17 Per Gallon: Study…
A new study found that fueling electric vehicles costs roughly $17 per gallon…
Consumer Price Index Unexpectedly Misses Across the Board, Core Inflation Lowest in Over 2 Years…
Starting with the headline CPI, it came in at 3.2%, below the 3.3% expected, while MoM CPI also missed expectations, printing unchanged (0.0%), below the consensus of a 0.1% print, and sharply below last month’s 0.4% print…
House Passes Bill to Avert Government Shutdown with Bipartisan Support…
Pretty certain the Senate will likely pass it punting the battle for the dollars a bit down the road…
Most Voters Would Rather See the Government Cut Spending Than Raise Taxes, Poll Finds…
American voters would rather see lawmakers cut government spending than increase taxes, but new poll results show the cuts voters want would have little effect on the nation’s $33.17 trillion in debt…
GUILTY ON ALL CHARGES UPDATE: FTX was a Democrat Money Laundering Operation with Wall Street Dark Money & PSYOP-19 “Pandemic” Ties…
Drug addled FTX crypto scammer, Democrat party money launderer, and “pandemic” grifter Sam Bankman Fried was found guilty on all charges…
WeSuck: First Came the Hype; then Came Adam Neumann’s Self-Dealing; then Came the IPO Scandal; Now Comes the Bankruptcy…
WeWork, the flexible-office-space company, is the quintessential proof that you can’t put lipstick on a pig forever. On Tuesday, the Wall Street Journal reported that WeWork “ is planning to file for bankruptcy as early as next week….”…
Sam Bankman-Fried Found Guilty of Fraud…
A jury was unconvinced by the ex-FTX CEO’s claims he didn’t know about billions in missing customer funds…
Americans Panic Search “Give Car Back” As Subprime Auto Loan Delinquency Erupts…
Recent data from Edmunds reveals that an unprecedented 17% of American car purchasers now have monthly car payments of $1,000, a significant increase from just 7% three years ago…
Jamie Dimon Craters Bank Stocks on Friday with Plans to Sell One Million Shares of JPMorgan Chase; Warren Buffett Isn’t Smiling…
Last Friday, at 6:32 a.m. ET, headlines started rolling with the news that Jamie Dimon, the long-tenured Chairman and CEO of the largest bank in the United States, JPMorgan Chase, was going to start selling a significant part of his sizeable stock holdings in the bank next year. The revelation came in an 8K filing with the SEC and noted that he and his family “currently intend to sell 1 million shares,” leaving open the door that he and his family might decide to sell more…
UAW Nabs Its Biggest Win in Decades…
The UAW’s historic labor agreements with the Big Three automakers mark a reversal of more than 40 years of waning power for auto unions in the U.S…
JPMorgan Settlement with Epstein Accusers Draws Objection from U.S. States…
JPMorgan Chase’s (JPM.N) $290 million class-action settlement with Jeffrey Epstein’s accusers has drawn an objection from many U.S. states, which say the accord could limit their ability to seek compensation for sexual abuse victims…
Fed’s Financial Stability Report Says $20.3 Trillion Is Subject to a Run…
Last Friday, the Federal Reserve published its Financial Stability Report, which takes a detailed look at U.S. financial stability through the second quarter of this year. Although the Fed does its best to put a rosy glow on the outlook, it’s not a pretty picture…
Bond Markets Are Being Hit Hard — and It’s Likely to Impact You…
There is a sharp sell-off in the bond market, and it has big implications on both the economy and people’s pocketbooks…
More on the Bond Market: Bond Sell-Off Has Recession Indicator Flashing New Warning Sign…
The US economy has avoided slipping into recession all year, but one closely watched indicator shows it’s on the brink…
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