ECONOMY NEWS

Home Prices DROPPING across Texas | Reventure Consulting

https://www.youtube.com/watch?v=kVM8M1B7vCo

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Wall Street Is Selling Homes Fast! | Real Estate Ninja

https://www.youtube.com/watch?v=62538YPjeBc

Wall Street landlords are selling homes back to Main Street. Here's what it might mean for runaway housing prices.

https://www.businessinsider.com/insitutional-investors-selling-single-family-homes-sales-to-main-street-2023-7

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LEAKED! Bank CEO's Selling Stocks At Record Pace! | Michael Cowan

https://www.youtube.com/watch?v=vyyv0JiUiUc

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Bank of America Insiders Sell US$14m Of Stock, Possibly Signalling Caution

https://finance.yahoo.com/news/bank-america-insiders-sell-us-130118857.html

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(July-31-2023) The 3 Trillion Dollar Black Swan Event Unfolding | ITM Trading

https://www.youtube.com/watch?v=Ar90xLsd_DI

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(July-24-2023) Shifting Your Bank Accounts to FedNow Without Your Knowledge - by Lynette Zang | ITM Trading

https://www.youtube.com/watch?v=fwjKXsHOduo

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You Will Be Forced To Change Banks ( Fednow CBDC Digital Currency ) | The Economic Ninja

https://www.youtube.com/watch?v=Zy2KyBT37J0

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(July-19-2023) JP Morgan, BofA, Wells Fargo, and 20 other Banks to Give Away Your Money! | ITM Trading

https://www.youtube.com/watch?v=o9wy9jt6u1M

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(Aug-4-2023) Banks Have Lost Your Cash | I Allegedly | I Allegedly

https://www.youtube.com/watch?v=nOz4iZMlpEU

Wells Fargo is losing peoples money with an unsolved "glitch".

NEW YORK TIMES - Some Wells Fargo Customer Deposits Disappear Because of a ‘Technical Issue’

https://archive.ph/QLkmC

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The Boom is Over. The Bust has Begun | Heresy Financial

https://www.youtube.com/watch?v=Pi4CHqn1ppI

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Heartland Tri-State Bank Failed Because of a Scam! | Nobody Special Finance

https://www.youtube.com/watch?v=aXq0gFPs3W8

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This Time is Different | Heresy Financial

https://www.youtube.com/watch?v=E6UV2Ntc7QU

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Warning: Buy Food Now As Plants Close Their Doors | The Economic Ninja

https://www.youtube.com/watch?v=nL9MUgc0b38

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$1T Comes Due In Apartment Loans

Apartment-building values ⬇️14% for the year ended in June after rising 25% the prior year

Blackstone has defaulted on mortgages for 11 Manhattan apartment buildings

Borrowing costs ⬆️200%, rent growth is slowing & building expenses are rising

https://nitter.net/ProdigalThe3rd/status/1688548148422066176

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Wind Industry Hits Rough Seas

+10 offshore projects worth $33B delayed or cancelled across the US & Europe in recent weeks

Wind power developers & buyers scrapping contracts, renegotiating terms, delaying projects & postponing investments

Turbine maker Siemens expects to lose…

https://nitter.net/ProdigalThe3rd/status/1688575779494326273

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Wage pressure:

America’s Truckers, Cargo Pilots & Package Carriers Are Fed Up

Inflation & resentment stoke heightened labor activism

Pilots at FedEx recently surprised industry observers by voting down a union-brokered deal that would have raised their wages about 30% by 2028

https://nitter.net/ProdigalThe3rd/status/1688545778707406848

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Saudi Aramco plans for further investments in China as it reaffirms massive capital spending program

China= #1 Saudi crude buyer

Armanco plans to convert 4M b/d of oil production into petrochemicals by 2035

….recently bought a 10% stake in China’s Rongsheng Petrochemical for…

https://nitter.net/ProdigalThe3rd/status/1688543676308320256

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US regional banks still relying on hundreds of billions of dollars in government financing via Federal Home Loan Banks (FHLBs)

6/2023: US banks & credit unions had $880B in outstanding FHLBs loans; ⬆️150% from 12/2021

Banks not required to disclose if or how much…

https://nitter.net/ProdigalThe3rd/statue/1688534314521116672

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MIT & UCLA study finds new full-time remote hires are 18% less productive than their in-office counterparts

66.7% of the productivity drop was evident from the first day of work

Remaining productivity drop occurred due to differences in learning speeds between the two groups

https://nitter.net/ProdigalThe3rd/status/1688162527010504705

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BEFORE:

“Renewables are saving Texas. Again. So give them their due.”-🤡

NOW:

“Texas Power Prices to Surge 800% on Sunday…”

https://nitter.net/ProdigalThe3rd/status/1688128778323542016

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Local Malls Stuck in “Death Spiral”

Older, low-end malls ⬇️50-70% from 2016 values

MOODY’S: 20% of all malls financed via CMBS are underwater

$14B in loans backed by these malls due in next 12 months

Crystal Mall (CT) $153M in 2012, recently sold in foreclosure for $9.5M

https://nitter.net/ProdigalThe3rd/status/1688120846265597952

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Bonds for China’s largest developer by contracted sales are in free fall

https://nitter.net/ProdigalThe3rd/status/1688117056778936321

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BANKS HIDING DEPOSITS BY RENTING DEPOSITS FROM LARGER BANKS LIKE JP MORGAN THROUGH "BROKERED DEPOSITS"

https://nitter.net/profstonge/status/1688527914139332608

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Fresh off Fitch's recent US downgrade last week, Moody’s downgrades 1/7th US banking system | Peter St Onge

https://www.youtube.com/watch?v=CELOaOFacxo

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China Enters Deflation as Prices Plunge in World's Factory. | Nobody Special Finance

https://www.youtube.com/watch?v=gJ9ItLTyPoY

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@KobeissiLetter

The US government has spent an alarming $6.7 trillion over the last 12 months.

This is up 14% since last year and just shy of the $7.6 trillion record during 2020.

We are now spending just $900 billion less than a period when $4 trillion was handed out.

The worst part?

##Over the last 12 months, the US deficit is at $1.4 trillion.

This is up $1 TRILLION compared to last year.

Simply put, this is unsustainable.

https://nitter.net/KobeissiLetter/status/1688343901193576448

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Peter St Once @profstonge

Episode 16 of the Podcast is up! 🥳

• Bank of Japan could drain trillions from America
• Housing “gridlock” traps sellers
• Federal “Debt Tsunami” Coming
• Biden’s Fake Manufacturing numbers
• Ford losing $4.5 billion on electric vehicles

https://nitter.net/profstonge/status/1688490171719675904

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Thanks to u/Trump1234KAG for this important news!

Largest Asset Manager in the world, Blackrock, Exits US Markets to Avoid Corporate Debt Bubble and Looming Recession | RJ Talks

https://www.youtube.com/watch?v=_12MeY1KUcw

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Thanks to u/ValueFuckingDeep for this fantastic series by Peruvian Bull (also recommend @PeruvianBull on Twitter). I HIGHLY recommend watching:

The Dollar Endgame Part 2.5- The Derivatives Monster

https://www.youtube.com/@peruvian_bull/videos