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13 Feb 2024

Jamie Dimon believes U.S. debt is the ‘most predictable crisis’ in history

And experts say it could cost Americans their homes, spending power and national security - Fortune Source: Markets & Mayhem

7 Feb 2024

Americans now have a combined $1.13 Trillion of credit card debt, according to a new report from the Federal Reserve Bank of New York

source : cnbc

7 Feb 2024

New York Fed's Household Debt and Credit Report

Total household debt climbed by $212 billion in the fourth quarter of 2023 to $17.5 trillion, the New York Federal Reserve said in its latest quarterly Household Debt and Credit Report. Amid the rise in debt, delinquency rates and the transition into troubled status were both higher. source : cnbc

5 Feb 2024

A record $8.9 trillion of government debt will mature over the next year.

Meanwhile, the government deficit in 2024 is projected to be $1.4 trillion. This means that someone will need to buy more than $10 trillion in US government bonds in 2024. That's nearly ONE THIRD of all outstanding US federal debt right now. All while the Fed is expected to start cutting rates, making buying these bonds less attractive. Who's going to fund all of this debt? Source: The Kobeissi Letter, Apollo

1 Feb 2024

The US is facing a "death spiral" as a result of its mounting debt and the inability of politicians to confront the issue, according to "The Black Swan" author Nassim Taleb.

Per Bloomberg, the Universa Investments advisor who correctly called the 2008 financial crash cast a dire warning about the US debt situation, which has seen the federal debt balance notch $34 trillion for the first time ever to start the year. As long as Congress keeps up its rapid pace of spending, those debts are going to continue to pile up, which could have disastrous consequences for the US economy, Taleb said this week at an event held by Universa Investments. In fact, rising debt in the US is a "white swan," Taleb said, and is an event that poses an obvious risk to markets versus a "black swan" event, which can occur without much warning. That death spiral would necessitate "something to come in from the outside, or maybe some kind of miracle," Taleb said, when asked how the shock would play out, adding that the situation has made him more pessimistic about the political system in the West. Source: Business Insider

1 Feb 2024

US Treasury confirms spending on debt interest now larger than entire Defense Budget.... and will soon surpass entire Social Security budget.


26 Jan 2024

BREAKING: 14% of all commercial real estate (CRE) loans and 44% of office building loans are now in "negative equity."

In other words, the debt is now greater than the property value on all of these properties. Currently, US banks hold over $2.9 trillion of CRE debt, the majority of which is held by regional banks. Office building prices are down 40% from their highs and CRE as a whole is down over 20%. All as rates rise and many of these loans are due CRE is beyond bear market territory.

22 Jan 2024

Corporate Borrowing Hits All-Time High 🚨:

Investment Grade Companies have issued more than $150 Billion worth of bonds through the first 18 days of the year, the highest amount in history at this point in the year. Source: Barchart, FT

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