Red web
231 posts
A blockade to block the blockade that's blocking the Strait that wasn't blocked before being blocked due to war of choice launched by Trump. Strategery!
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@RealJessica @WallStreetMav People shouldn’t be able to get in this much debt
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“We are $1 million in debt.”
This woman and her husband have a total of just under $1,000,000 in debt, here’s the breakdown.
- Mortgage $210,000
- Student Loans $335,000
- Credit Cards $136,000
- Personal Loans $44,000
- Car Loans $35,000
She is only 29 years old, and her husband is 32 years old.
They both have “advanced degrees”. One in MBA and the other in policy. They both work in the government.
Their household income is $230,000.
I wouldn’t be able to breathe if I had $136K in credit card debt. This is insane. 😭
I really will never understand how people get themselves in these situations.
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The AUROURA was going for it.
Then it turned around.
Panama flagged oil products tanker reverses away from the Strait of Hormuz at the last minute.
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@JoshYoung @AlaliQasem What about the math of damaged infrastructure and shut-ins?
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Even if Hormuz opens TOMORROW — here’s the math nobody is doing:
🚢 Tankers travel back to Middle East: 25-30 days
⛽ New tankers load and return: 25-30 days
Total: 50-60 days before flows normalize
And that’s the BEST case scenario.
Remember COVID?
OPEC+ cut 10M b/d in early April 2020.
Cuts didn’t start until May.
Oil crashed to NEGATIVE $37 two weeks later.
The supply response came too late.
History is rhyming. 🛢️💥
This is why we are headed for the breaking point.
Manage your expectations accordingly. ⏳
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Ils tuent le cyclisme, Pogacar, Gianetti, UAE et les instances qui les couvrent, alors qu'il faudrait tuer le dopage. En guise de course de légende entre cinq pseudos fantastiques, on a encore assisté à un contre la montre de mutants, de proxénètes lors une fête foraine. #RVV
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What a fade.
Fuckers are going to close red, aren’t they?
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So I’m going to do a thing tonight that might or might not be the coolest fucking new business ever.
Notifications on.
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Would it be surprising to many if WTI oil prices retested the July 2008 highs of $147?
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No, buyers didn’t disappear.
They are just unwilling to overpay for crappy homes that are worth half of the listing price.
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@DowdEdward If their money and investments will be affected, then they will backstop it
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The question is will they backstop Private Credit?
They backstopped banks in 2023 that had paper losses on held to maturity bonds that had gone down in a rising interest rate environment.
Private credit funds are not banks and would they backstop bad credit with questionable collateral?
The political stink on that with stocks still near all time highs would be untenable.
My guess is no for now.
Michael Bento@MichaelPBento
That is an ugly weekly chart. If you look back at the beginning of 2022 and compare it to this chart then this down move is only just beginning. It's all up to the Fed now, and at this point I am leaning toward them addressing private credit issues with come kind of backstop. Powell has been very quick to backstop banking issues since 2020. That could give us a few weeks of stopping the bleeding, but not necessarily the ingredients to resume making new all time highs. This cake might be baked folks, it's a question of how fast we fall now.
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Texas, Florida, California, Georgia and Indiana saw the highest number of new foreclosure filings
New York Post@nypost
US home foreclosures rise for 12th straight month, affecting nearly 40K homeowners: report trib.al/oOEMaJ6
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It only took 4 years for people to understand my sense of humor on X.
Exquisite.
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So what will Brent prices be when markets open tomorrow? 90? 80? 100? Leave your comment. #OOTT
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What is the price of WTI Oil when the markets Open?
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