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Keyword: finance

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  • 36% Of Americans Making $250,000 Are Living Paycheck To Paycheck

    06/02/2022 7:21:16 PM PDT · by SeekAndFind · 48 replies
    Trade For Profit ^ | 06/02/2022 | Tyler Durden
    Over a third of Americans who make at least $250,000 per year say they're living paycheck to paycheck, which Bloomberg suggests underscores how inflation is 'taking a bigger bite out of Americans' budgets at all ends of the pay spectrum.'Another interpretation is that Americans makig at least $250,000 - placing them in the top 5% of earners in the country - have horrendous financial literacy.According to a survey by Pymnts.com and LendingClub, some 36% of households who make at least $250k - nearly 4x the median US salary - devote almost all their income to household expenses. Higher-income households are...
  • Janet Yellen Seen Reading 'Economics For Dummies'

    06/02/2022 1:45:44 PM PDT · by DFG · 19 replies
    Babylon Bee ^ | 06/02/2022 | Babylon Bee
    WASHINGTON, D.C.—After admitting on national television that she had not anticipated the intensity and length of America's inflation pains, Treasury Secretary Janet Yellen was seen in her office poring over a copy of Economics for Dummies. The secretary, hired for her brilliance in possessing a checklist of acceptable physical characteristics, has been praised for her renewed desire to understand how moneys work. "Huh, I was way off when I said inflation risks were small and manageable," Yellen was overheard muttering to herself while using a crayon to circle the book's key principles about how money does not grow on trees....
  • A soft landing in the US is possible but unlikely

    05/10/2022 4:35:49 PM PDT · by MtnClimber · 6 replies
    Financial Times ^ | 10 May, 2022 | Martin Wolf
    What does the Fed’s renewed commitment to low inflation signify for the future? Powell argued optimistically that “we have a good chance to have a soft or softish landing”. By this he meant that demand would be brought closer to supply, which could in turn “get wages down, and get inflation down without having to slow the economy and have a recession and have unemployment rise materially”. He also argued that “the economy is strong, and is well positioned to handle tighter monetary policy . . . but I’ll say I do expect that this will be very challenging”. The...
  • These 3 remain Faith Hope Love[charismatic caucus]

    05/08/2022 9:19:48 AM PDT · by Jedediah · 2 replies
    Persevere my children for as you push through the lies of the enemy you receive the overcomers crown. There is no guage or slide rule for faith my children but each valley, it's length and dimension empowers your faith in me your Redeemer for I have already overcome for you and it is as you deny the lies of the enemy the shackles have no hold but remember above all to guard your heart from guile for this is the weakness the enemy shall seek. Be true to my heart and love unconditionally for against love there is no weapon...
  • 78-Year-Old Fund Manager Is Bracing For “Biggest Bear Market In My Life”

    05/04/2022 3:16:19 PM PDT · by blam · 40 replies
    Zubu Brothers ^ | 5-4-2022
    David Wright is known for his ability to lead his funds through periods of intense volatility, like 2008, where his fund nearly broke even on the year while the major equity index shed half of their value. His losses during the COVID rout of 2020 were also relatively mild. But those market ructions will likely be remembered as relatively staid in comparison to the selloff that’s just around the corner. According to Wright, who shared his thoughts on the market during an interview with Bloomberg, both of these periods – along with the dotcom crash – both had nothing on...
  • More States Are Starting to Require High School Students to Take Financial Literacy Courses

    05/02/2022 8:42:46 AM PDT · by SeekAndFind · 32 replies
    PJ Media ^ | 05/02/2022 | Chris Queen
    There’s been a move over the past few years to help young Americans learn how to manage their money better. And it’s long overdue. It can be easy to wonder what sort of problems financial literacy courses could have prevented for the generations before those who are in school now. In recent months, Florida, Nebraska, Ohio, and Rhode Island have signed laws creating a requirement that high school students take financial courses in order to graduate. In all, a dozen states have similar laws on the books. Georgia joined the ranks of those states this week. Gov. Brian Kemp signed...
  • Ackman gives up on Netflix, taking $400 million loss as shares tumble

    04/20/2022 8:00:39 PM PDT · by millenial4freedom · 37 replies
    Yahoo! Finance ^ | April 20, 2022 | Svea Herbst-Bayliss
    Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix on Wednesday, locking in a loss of more than $400 million as the streaming service's stock plunged following news that it lost subscribers for the first time in a decade. Ackman's hedge fund Pershing Square Capital Management made an abrupt U-turn, selling the 3.1 million shares it had bought just three months ago as Netflix' shares tumbled 35% to $226.19.
  • Arise and Shine[Charismatic Caucus]

    04/16/2022 2:52:54 PM PDT · by Jedediah · 1 replies
    I see The Lord picking up a gem and brushing it off then he breathes into it and it comes alive as he laughs and smiles so many colors of light shine forth from it in all directions . He holds it up high and then let's go of it as it rises out of his hand pulsating with delightful colors of the rainbow . I hear him saying " Rise up oh well , Rise up even higher for The Voice of many waters is calling to you for His Glory ! And this Gem is you . Revelation...
  • Climate Change Alarmists Pressure Banks to Drop Fossil Fuel Financing amid Soaring Oil and Gas Prices

    03/30/2022 5:48:22 PM PDT · by ChicagoConservative27 · 12 replies
    Breitbart ^ | 03/30/2022 | Penny Starr
    The Russian invasion of Ukraine and Joe Biden’s ongoing war on fossil fuels are jacking up oil prices, and now left-wing climate change activists are adding to high energy costs by pressuring banks to stop investing in fossil fuels in the name of stopping “climate change.” The pressure comes in the form of a report titled “Banking on Climate Chaos: Fossil Fuel Finance Report 2022,” which seeks to shame the banks into dropping oil, gas, and other fossil fuel energy resources. And the effort is backed by well-funded climate activists groups, including the Sierra Club and Oil Change International.
  • Putin Puts Biden's King in Check

    03/26/2022 1:04:15 PM PDT · by arthurus · 35 replies
    Martin Armstrong Economics ^ | March 25, 2022 | Martin Armstrong
    Removing Russian banks from SWIFT but leaving the energy intact so Europe has power, was so brilliant they obviously never played chess. Putin just put Biden’s king in check by ordering Europe to pay for gas now in Rubles. That will provide support for the Ruble, and undermine Europe and its Euro as well as the dollar in the long run.
  • Unbeknown To Most, A Financial Revolution Is Coming That Threatens To Change Everything (And Not For The Better)

    03/26/2022 10:38:10 AM PDT · by blam · 32 replies
    Zubu Brothers ^ | 3-26-2022 | Nick Corbishley via NakedCapitalism.com
    Given how much is at stake, this financial revolution is among the most important questions today’s societies could possibly grapple with. It should be under discussion in every parliament of every land, and every dinner table in every country in the world.Around 90 central banks are either in the process of experimenting with or are already piloting central bank digital currencies (CBDCs). In a world of just over 190 countries that is a large contingent, but given they include the European Central Bank (ECB) which alone represents 19 Euro Area economies, the actual number of economies involved is well over...
  • Opinion: Ignore the naysayers. Dollar dominance is here to stay

    03/25/2022 6:48:11 AM PDT · by GonzoII · 32 replies
    WP ^ | March 20, 2022 at 1:37 p.m. EDT | Sebastian Mallaby
    The shock-and-awe financial sanctions on Russia have rekindled an old trope: that the weaponization of the dollar will end its role as the global reserve currency. Why would foreign countries use dollars, the argument goes, if the dollar can be turned against them? Why wouldn’t China, soon to be the world’s largest economy, build the renminbi into a rival reserve currency? And if not China, what about crypto? This dollar defeatism is vastly overblown. Russia, China and other U.S. adversaries would love to escape the financial hegemony of Uncle Sam. But they have been trying for years and have little...
  • The Big Question on Wall Street Is Which Banks Owe $41 Billion on Credit Default Swaps on Russia

    03/09/2022 11:39:00 AM PST · by delta7 · 13 replies
    Wall Street on Parade ^ | 7 Mar 22 | Pam Martens
    There is a known $41 billion in Credit Default Swaps (CDS) on Russian debt. There is likely many billions more in unknown amounts. There are also billions more in Credit Default Swaps on state-owned Russian corporate debt and non state-owned Russian corporate debt. In addition to Wall Street not knowing which global banks and other financial institutions are on the hook to pay out on the Credit Default Swap protection they sold in case of a Russian sovereign debt default (or Russian corporate debt default), there is also approximately $100 billion of Russian sovereign debt (whose default is looking more...
  • BREAKING NEWS Central Banks Will Have Absolute Control Over CBDC Transactions – BIS General Manager

    03/08/2022 3:10:13 PM PST · by ransomnote · 12 replies
    dailyexpose.uk ^ | MARCH 8, 2022 | RHODA WILSON
    ransomnote: The Expose is over the target and taking flak, banned and censored - even Paypal turned against them in an effort to deprive them of funding. Please pray that the Expose receive the funds it needs to keep serving the public.The Covid “pandemic” was, and is, a massive theatrical edifice intended to distract popular attention away from the fact that criminal bankers running the monetary system are making a concerted push towards full-on totalitarianism through monetary and financial control.At a 2020 IMF Summit Agustin Carstens explained that for the general use of Central Bank Digital Currencies (“CBDCs”) “we tend...
  • Russian Banks to Replace VISA and Mastercard with New “Mir” System in Partnership with China’s Union Pay

    03/06/2022 5:09:40 PM PST · by E. Pluribus Unum · 60 replies
    The Gateway Pundit ^ | March 6, 2022 at 5:30pm | Jim Hoft
    The Central Bank of the Russian Federation announced on Sunday that several banks will switch to the Chinese card system following the suspension of Visa, Mastercard, and Paypal in Russia. It can be recalled that Visa, Mastercard, and Paypal announced on Saturday they will suspend all operations in Russia. “We are compelled to act following Russia’s unprovoked invasion of Ukraine, and the unacceptable events that we have witnessed,” said Al Kelly, chairman and chief executive officer of Visa Inc. On Sunday, several banks in Russia will start to issue new cards with the new Russian payments system “Mir” and China’s...
  • Powell: Possible to have more than one reserve currency

    03/02/2022 11:45:14 AM PST · by RomanSoldier19 · 48 replies
    https://www.forexfactory.com ^ | 3/2/2033 | Powell
    zerohedge @zerohedge *POWELL: POSSIBLE TO HAVE MORE THAN ONE RESERVE CURRENCY more at linky
  • Rattled Putin rants about West's 'empire of lies' as worldwide sanctions reduce rouble to rubble: Desperate leader hikes interest rate to 20% sparking rush on ATMS, US cuts off Russia's central bank - and now even Switzerland slaps Kremlin with penalties

    02/28/2022 11:11:04 AM PST · by marcusmaximus · 158 replies
    Daily Mail ^ | 2/28/2022 | James Gant
    A smirking Vladimir Putin today ranted about the West's 'empire of lies' and banned Russians from sending their money abroad from midnight as worldwide sanctions caused the rouble to tumble and sparked a nationwide rush to withdraw cash. The currency sank 30 per cent in early trading before easing back to stand 20 per cent down. Its collapsing value risks wiping out the savings of ordinary Russians, who have been seen flocking to ATMs all over the country to empty their accounts, including in Putin's home city of St Petersburg. But as the Russian economy tanked, the Russian President took...
  • What is SWIFT and why it's being called the 'nuclear' option for Russian sanctions

    02/26/2022 5:14:03 PM PST · by upchuck · 106 replies
    ABC News ^ | Feb 26, 2022 | Meredith Deliso
    NOTE: See video embedded in article. As Western allies levy increasingly harsher economic sanctions against Russia for its invasion of Ukraine, the latest target involves Russia's access to SWIFT. An acronym for Society for Worldwide Interbank Financial Telecommunication, SWIFT is a messaging system founded in 1973 that allows large financial institutions to send money to each other. The Belgian-based cooperative is used by more than 11,000 banks and financial institutions in more than 200 countries and territories, including Russia. It handles 42 million messages a day, facilitating trillions of dollars worth of transactions. Russia accounted for 1.5% of SWIFT transactions...
  • Leftists Want To Control Your Money So They Can Control You

    02/23/2022 8:49:46 AM PST · by Kaslin · 10 replies
    The Federalist ^ | February 23, 2022 | Kyle Samin
    Last week, Canadian Prime Minister Justin Trudeau announced the suspension of Canadians’ rights last week in his invocation of the Emergencies Act to stop the Freedom Convoy protests in Ottawa and elsewhere. Among the restrictions announced are greater controls over the online crowdfunding sites that help to fund the protesters and attempts to control the flow of cryptocurrencies like Bitcoin. According to news reports, “credit card processors and fund-raising services will be required to report any blockade-related campaigns to Canada’s anti-money laundering agency.” Canadian banks quickly fell in line with the decrees, with Toronto-Dominion Bank freezing two personal bank accounts...
  • Ark's Cathie Wood warns investors they're making one of the greatest misallocations of capital in history

    02/21/2022 6:21:07 AM PST · by millenial4freedom · 43 replies
    msn ^ | 02/17/2022 | Hamza Fareed Malik
    Cathie Wood said investors are making a mistake by piling into index funds. Companies that have prospered in the past are often ripe for disruption, the Ark Invest boss said. The tech-stock guru said it's riskier to own benchmarks than Ark's funds. Cathie Wood said risk-averse investors and fund managers are putting money in companies and benchmarks based on past successes, instead of betting on innovative companies. "We have, I think, one of the most massive misallocations of capital in the history of mankind. You have investors investing in the past," the CEO and CIO of Ark Invest said in...