Intel plans to cut around 20% of its workforce, impacting about 20,000 employees #MacroEdge
— MacroEdge (@MacroEdgeRes) April 23, 2025
Recession
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Last: 5 hrs ago by boognish_bear
But, they signed the notes. Put em' in jail maybe? How about debtors prison?boognish_bear said:Only 38% of student loan borrowers are up-to-date on their payments
— MacroEdge (@MacroEdgeRes) April 22, 2025
Over 5 million are 9 months behind on payments #MacroEdge
42% of mortgage refinance applications are being denied — the highest rejection rate in at least 12 years. pic.twitter.com/nZkmeVOzyC
— unusual_whales (@unusual_whales) April 24, 2025
No evidence of a recession in Santa Theresa, New Mexico.
Money flowing throughout all the restaurants and golf courses.
Money flowing throughout all the restaurants and golf courses.
KaiBear said:
No evidence of a recession in Santa Theresa, New Mexico.
Money flowing throughout all the restaurants and golf courses.
What part of NM is that?
Hardship withdrawals from 401(k)s are running about 15% to 20% above the historical norm, Empower has said.
— unusual_whales (@unusual_whales) April 25, 2025
Leading recession indicator hits lowest level since 2008 pic.twitter.com/7ApKTLrYz2
— Darth Powell (@VladTheInflator) April 26, 2025
How many sectors of the economy have to go into recession before they admit The Recession is finally here? pic.twitter.com/fcNfGtwm0L
— Amy Nixon (@texasrunnerDFW) April 26, 2025
BREAKING 🚨: U.S. Banks
— Barchart (@Barchart) April 28, 2025
U.S. Banks are currently facing $482 Billion in unrealized losses, an increase of 33% from the prior quarter pic.twitter.com/ULw9jxTRE0
boognish_bear said:BREAKING 🚨: U.S. Banks
— Barchart (@Barchart) April 28, 2025
U.S. Banks are currently facing $482 Billion in unrealized losses, an increase of 33% from the prior quarter pic.twitter.com/ULw9jxTRE0
Truly frightening.
As there is no backstop of funds anywhere to fill the gaps in event of a depression.
KaiBear said:boognish_bear said:BREAKING 🚨: U.S. Banks
— Barchart (@Barchart) April 28, 2025
U.S. Banks are currently facing $482 Billion in unrealized losses, an increase of 33% from the prior quarter pic.twitter.com/ULw9jxTRE0
Truly frightening.
As there is no backstop of funds anywhere to fill the gaps in event of a depression.
Is this from defaults or bad investments?
Also, sure seem to give a lot of bonuses. Before we start talking depression, let's see the bonuses dry up .. Not happening so far. So there must be some fat somewhere ...
FLBear5630 said:KaiBear said:boognish_bear said:BREAKING 🚨: U.S. Banks
— Barchart (@Barchart) April 28, 2025
U.S. Banks are currently facing $482 Billion in unrealized losses, an increase of 33% from the prior quarter pic.twitter.com/ULw9jxTRE0
Truly frightening.
As there is no backstop of funds anywhere to fill the gaps in event of a depression.
Is this from defaults or bad investments?
Also, sure seem to give a lot of bonuses. Before we start talking depression, let's see the bonuses dry up .. Not happening so far. So there must be some fat somewhere ...
It's just their investment portfolios. (Corporate bonds, MBS, etc)
I'm a regulator for community banks and virtually every bank I've worked with over the past 2 years has an unrealized loss position, pretty much all caused from the rate hikes over the last few years. The bankers themselves don't seem too worried about it since they don't have any plans to sell off securities any time soon
Sic 'em Bears and Go Birds
You can forget any chance of a Fed rate cut next week after this jobs report.
— QE Infinity (@StealthQE4) May 2, 2025
Initial jobless claims saw a huge increase and are at a level unseen since the COVID days. The BLS Jobs reports are lagging indicators, but new claims aren't. We're also at COVID levels for long term claims as well. They'll be watching the right things, and job impacts will be realized soon. The ADP private payroll report was much lower ~60K, so don't be surprised with a downward adjustment for April in next month's report from the BLS. Inflation is the wild card as to a rate cut. CPI and PPI coming in a week I think.boognish_bear said:You can forget any chance of a Fed rate cut next week after this jobs report.
— QE Infinity (@StealthQE4) May 2, 2025
In 3 days, millions of Americans will be back in collections.
— Amanda Goodall (@thejobchick) May 2, 2025
The fallout is gonna be brutal.
5.3M borrowers already in default.
4M+ more are in late-stage delinquency.
Collections resume May 5: wage garnishments, tax seizures are coming. That's a fact- not my words.
62% of…
boognish_bear said:In 3 days, millions of Americans will be back in collections.
— Amanda Goodall (@thejobchick) May 2, 2025
The fallout is gonna be brutal.
5.3M borrowers already in default.
4M+ more are in late-stage delinquency.
Collections resume May 5: wage garnishments, tax seizures are coming. That's a fact- not my words.
62% of…
Gonna be a **** storm. Going to supercharge the economy...
We are doomed
JUST IN: Jim Cramer says there will not be a recession. pic.twitter.com/MCUycz9qFo
— Watcher.Guru (@WatcherGuru) May 2, 2025
BREAKING: Warren Buffett and Berkshire Hathaway, $BRK.B, were net sellers of stocks in Q1 2025 for the 10th straight quarter.
— The Kobeissi Letter (@KobeissiLetter) May 3, 2025
Also highest in terms of % of portfolio
— George Gammon (@GeorgeGammon) May 3, 2025
Guess who has more insider information about the health of the economy…
You or Warren Buffett pic.twitter.com/oIsrtShZyq
Well… There's also the fact that he's damn near 100
Warren Buffett retiring from Berkshire Hathaway is probably the most obvious signal that we're about to enter a once in 100 year market crash.
— Financelot (@FinanceLancelot) May 5, 2025
well then there WILL be a recession He's mostly wrong on most things.boognish_bear said:
We are doomedJUST IN: Jim Cramer says there will not be a recession. pic.twitter.com/MCUycz9qFo
— Watcher.Guru (@WatcherGuru) May 2, 2025
The share of credit card users making only minimum monthly payments has risen to 11.1%, the highest level in 12 years,
— unusual_whales (@unusual_whales) May 5, 2025
BREAKING 🚨 THE FED JUST SPENT $20BN ON 3-YEAR BONDS, THEIR LARGEST SINGLE-DAY PURCHASE SINCE 2021
— That Martini Guy ₿ (@MartiniGuyYT) May 6, 2025
THEY’RE INJECTING LIQUIDITY INSTEAD OF CUTTING RATES TO AVOID PANIC pic.twitter.com/kAi7iVDQr2
Man… you are really stuck in a tough spot if you're having to finance the groceries
"More Americans are financing groceries with buy now, pay later loans — and more are paying those bills late," per CNBC
— unusual_whales (@unusual_whales) May 9, 2025
Shocking stat of the day:
— The Kobeissi Letter (@KobeissiLetter) May 10, 2025
$3 trillion of US household savings have been depleted since August 2021.
From March 2020 through August 2021, Americans accumulated ~$2.1 trillion in excess savings.
These savings were depleted in Q2 2024, and as households continued to spend, excess… pic.twitter.com/TthftxXwcx
spend in excess but also have to spend in excess as their home and auto insurance went up 25-60%, their grocery bill went up 50%, their health insurance went up 30% and their income went up 8-10% over that time period.boognish_bear said:Shocking stat of the day:
— The Kobeissi Letter (@KobeissiLetter) May 10, 2025
$3 trillion of US household savings have been depleted since August 2021.
From March 2020 through August 2021, Americans accumulated ~$2.1 trillion in excess savings.
These savings were depleted in Q2 2024, and as households continued to spend, excess… pic.twitter.com/TthftxXwcx
Mr. Treehorn treats objects like women, man.
This won’t ever be paid back.
— QE Infinity (@StealthQE4) May 11, 2025
It’s nothing but a giant Ponzi scheme at this point. https://t.co/1ok4LJIWZT
boognish_bear said:This won’t ever be paid back.
— QE Infinity (@StealthQE4) May 11, 2025
It’s nothing but a giant Ponzi scheme at this point. https://t.co/1ok4LJIWZT
Damning evidence when a full on depression occurs if will be akin to a wildfire going through tinder dry brush.
As no country has anything approaching the financial means
necessary to survive such a world wide economic collapse.
Could easily resemble the realities of Germany after World War Two……when raw potatoes and other basic foodstuffs became the real currency.
Overpopulation is very possibly going to 'solve' its own problem in the most brutal ways imaginable.
10 year bond yields are ripping higher on the news. pic.twitter.com/KRFfcvoDNW
— QE Infinity (@StealthQE4) May 12, 2025
It's hard to have much empathy for people making poor decisions like this. Get an older reliable used car you can afford if you don't have lots disposable income lying around.
The tsunami of upsidedown cars is going to wash over the economy.
— Darth Powell (@VladTheInflator) May 15, 2025
We ain't seen nothing yet pic.twitter.com/bhuMa6xmD6
These are ALL subprime loans
— Amy Nixon (@texasrunnerDFW) May 19, 2025
All of them.
And there’s no collateral.
Are they going to repossess the Gucci perfume you sprayed all over yourself and never paid for? https://t.co/FBwb9GSPnV
That's going to help a lot now. I am sure the "I told you so" or "You are stupid" tact will help a lot...boognish_bear said:
It's hard to have much empathy for people making poor decisions like this. Get an older reliable used car you can afford if you don't have lots disposable income lying around.The tsunami of upsidedown cars is going to wash over the economy.
— Darth Powell (@VladTheInflator) May 15, 2025
We ain't seen nothing yet pic.twitter.com/bhuMa6xmD6
Either we bite the bullet or figure a way out. Personally, I say re-fi them. Take less on the interest and get what we can. The more that are able to do that, the better for the economy. Playing hard core and having another 2008, is not going to help. We will pay in other ways, just like then. A lot of this Govt spending started with the TIGER and other loan programs we couldn't afford. They were funding ANYTHING that was shovel ready. Between that and the bailout, we sure showed those stupid people.
If our own government doesn't have to live within their means, why should the rest of us?
$700- $800 car payments are insane. The insurance on the same cars are equally insane. Pay your vehicle off and drive it until the wheels fall off. If you insist on having a brand new car just to keep up with the Joneses, you are going to lose.
$700- $800 car payments are insane. The insurance on the same cars are equally insane. Pay your vehicle off and drive it until the wheels fall off. If you insist on having a brand new car just to keep up with the Joneses, you are going to lose.
Call it a tax, the people are outraged! Call it a tariff, the people get out their checkbooks and wave their American flags!!!
Agreed. I can never understand folks who buy cars they can't afford. I do understand that some people need to have a car payment for different reasons, but it needs to be a lesser car. I have always bought cars that I could afford to pay cash for and I had some beaters back in the day. I have never bought a new car. I buy certified pre-owned and let someone else pay the depreciation when it is rolled off the lot.RD2WINAGNBEAR86 said:
If our own government doesn't have to live within their means, why should the rest of us?
$700- $800 car payments are insane. The insurance on the same cars are equally insane. Pay your vehicle off and drive it until the wheels fall off. If you insist on having a brand new car just to keep up with the Joneses, you are going to lose.