BREAKING: US credit card serious delinquency rates for most age groups have spiked to the highest level in 13 years. In Q1 2024, delinquencies of 90+ days rose above 9% for ages 18-29 and 30-39, levels comparable with the 2008 Financial Crisis. Even 40+ age groups who are

This is concerning: 1 in 6 Americans from the poorest 10% of ZIP codes are in credit card debt delinquency, according to the Fed. The share of people in delinquency in these areas has increased from 11% in Q2 2021 to 17% in 1Q 2024, the highest in 21 years. In just 10 years,

The cheapest foodstuff consumed by the majority of the world, RICE, has SKYROCKETED to levels unseen in over a decade. Absolutely brutal for the consumer. Buckle up and start stocking up freeze dried foods along with freezing meat if one can; Some basic foodstuffs are on a

BREAKING: A record of $9.3 trillion of U.S. debt will mature within a year. Those debt need to be refinanced: Who is going to buy them and at what rate? Once for sure, interest payments are going to moon 🚀

ECB Preview And Scenario Analysis: The First Rate Cut Since 2019 zerohedge.com/markets/ecb-pr…

President Reagan's Address to the Nation on the Economy, 1981: “Inflation is not just high prices; it's a reduction in the value of our money.” MY OLD BOSS PRES. REAGAN UNDERSTOOD ECONOMICS 101.

US household expectations about real income growth over the next 1-2 years have dropped to their lowest in 10 years. This is the steepest decline in at least 6 decades, even steeper than during the 2008 Financial Crisis. In the past, such low income expectations have only

Going off the gold standard in 1914 stopped a centuries-long increase in affordability of homes by degrading the value of money, forcing people to use their homes as saving accounts, raising house prices beyond the rise in income

Meanwhile, prices Paid for ISM Services stayed well in expansion territory, at 56.3. While activity is contracting, prices are expanding, which suggests (as many other recent economic numbers have) that the economy might be veering towards stagflation.

OMG. Biden can't even get into the car! :(

BREAKING: The US Treasury yield curve is on the verge of turning positive for the first time since 2022. The difference between 10-year and 2-year Treasuries has been negative since July 6, 2022. In other words, the yield curve has been inverted for a record 747 days. In past

US stocks are extremely expensive: US stock prices are now 3 TIMES higher than global equity prices, the most on record. This ratio has DOUBLED in 8 years and is almost 3 times above the long-term average of ~1.1x. By comparison, during the Nifty 50 and Dot-Com bubble peaks,

BREAKING: Interest paid on US consumer non-mortgage debt spiked by 50% in 2023, the highest increase in at least 27 years. By comparison, the previous record was 14.1% in 2000, a year before the 2001 recession. At the same time, interest paid on mortgage debt jumped 13.8% in

Unsustainable path..

Don't let the market downturn distract you from the fact that: 1. Inflation has been at or above 3% for 39 straight months 2. A record number of Americans are working multiple jobs 3. ~9% of credit card balances became delinquent over the last year 4. Housing market

Is the market forecasting a recession? Interest rate futures are now pricing in 8 Fed rate cuts over the next 12 months, the most since the 2008 Financial Crisis. Market expectations have sharply shifted over the last week toward more cuts in anticipation of economic weakness.

Disney Plus subscription service has gone way off of their published plan. Was the woke strategy the wrong way to go?

The arrest of @Durov is an assault on the basic human rights of speech and association. I am surprised and deeply saddened that Macron has descended to the level of taking hostages as a means for gaining access to private communications. It lowers not only France, but the world.

The longest yield curve inversion in history has ended w/ the 10-yr Treasury yield (3.77%) now 1 bps above the 2-Yr yield (3.76%). Historically, the flip back to positive after a long inversion has occurred near the start of recessions. Chart of the Day: bilello.blog/2024/the-longe…

Interest payments on the national debt are now higher than the entire Defense Department budget and rising!