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Thinly traded Equity futures reverse course deeper into the red. Vix trading above 18.

THE soft Landing narrative is becoming more and more difficult for people to sell to the public. Student loan crisis comes back online, government shutdown again, inflation not going away, UAW strikes and others to come, and the oil shock like we’ve never seen before. many factors determine the fate of the economy. It’s becoming …

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CHINESE GOLD BUYING IS DRIVING A PARADIGM SHIFT IN BULLION

CHINESE GOLD BUYING IS DRIVING A PARADIGM SHIFT IN BULLION (Bloomberg) (see below first reply for more details) What determines the price of gold? For much of the past decade the answer was easy: the price of money. The lower rates fell, the higher gold climbed, and vice versa. Gold is the quintessential “anti-dollar” — …

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Credit card losses are rising at the fastest pace since the Great Financial Crisis

KEY POINTS Credit card companies are racking up losses at the fastest pace in almost 30 years, outside of the Great Financial Crisis, according to Goldman Sachs. Credit card losses bottomed in September 2021, and while initial increases were likely reversals from stimulus, they have been rapidly rising since the first quarter of 2022. Since …

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EU chief says the future will be digital ID, those who don’t accept will be excluded

European Commission President Ursula von der Leyen warned people who refuse to accept the WEF’s new digital ID scheme will be excluded from participating in society. During an appearance at a G20 Summit session, dubbed “One Future,” Von der Leyen said the EU’s collective future will be digital, governed by globalist organizations such as the …

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The Looming Crisis: America’s Debt Challenge and the Need for Change

CBO projections show US Federal debt rising by $5.2 billion per day for the next 10 years. However, since the debt ceiling “crisis” came to an end, US debt has jumped by $30 billion per day. We have added roughly $1 trillion per month in US debt since then. Interest expense alone is on track …

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