ECONOMY NEWS
Home Prices DROPPING across Texas | Reventure Consulting
https://www.youtube.com/watch?v=kVM8M1B7vCo
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.
LEAKED! Bank CEO's Selling Stocks At Record Pace! | Michael Cowan
https://www.youtube.com/watch?v=vyyv0JiUiUc
Bank of America Insiders Sell US$14m Of Stock, Possibly Signalling Caution
https://finance.yahoo.com/news/bank-america-insiders-sell-us-130118857.html
(July-31-2023) The 3 Trillion Dollar Black Swan Event Unfolding | ITM Trading
https://www.youtube.com/watch?v=Ar90xLsd_DI
(July-24-2023) Shifting Your Bank Accounts to FedNow Without Your Knowledge - by Lynette Zang | ITM Trading
https://www.youtube.com/watch?v=fwjKXsHOduo
You Will Be Forced To Change Banks ( Fednow CBDC Digital Currency ) | The Economic Ninja
https://www.youtube.com/watch?v=Zy2KyBT37J0
(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
(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’
The Boom is Over. The Bust has Begun | Heresy Financial
https://www.youtube.com/watch?v=Pi4CHqn1ppI
Heartland Tri-State Bank Failed Because of a Scam! | Nobody Special Finance
https://www.youtube.com/watch?v=aXq0gFPs3W8
This Time is Different | Heresy Financial
https://www.youtube.com/watch?v=E6UV2Ntc7QU
Warning: Buy Food Now As Plants Close Their Doors | The Economic Ninja
https://www.youtube.com/watch?v=nL9MUgc0b38
$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
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
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
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
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
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
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
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
Bonds for China’s largest developer by contracted sales are in free fall
https://nitter.net/ProdigalThe3rd/status/1688117056778936321
BANKS HIDING DEPOSITS BY RENTING DEPOSITS FROM LARGER BANKS LIKE JP MORGAN THROUGH "BROKERED DEPOSITS"
https://nitter.net/profstonge/status/1688527914139332608
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
China Enters Deflation as Prices Plunge in World's Factory. | Nobody Special Finance
https://www.youtube.com/watch?v=gJ9ItLTyPoY
@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
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
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
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
Great info. And, I feel fine!😊
https://youtu.be/Z0GFRcFm-aY