Danielle DiMartino Booth Three months after the Federal Reserve initiated interest rate cuts, the average credit card APR has reached the second-highest level on record, decreasing by 57 basis points from its all-time high. Banks have once again neglected to reduce APRs, yet proceeded to slash savings

🚨Oracle debt is trading more like junk: $ORCL corporate bonds are now trading closer to high-yield than investment-grade. This comes as its Credit Default Swaps (CDS) hit the highest level since the Great Financial Crisis. Oracle CDS have become a credit market barometer for

Working Americans have been in a silent depression since they bailed out the rich in 2008

U6 up 0.7 percentage points over past two months.

US electricity prices are at record highs. After your electric bills doubled it’s will double again because you have to pay for AI data centers. In the next 10 years, AI power demand will QUADRUPLE. That’s 4.4% of ALL electricity on Earth. If AI data centers were a country,

So... CPI is down to 2.7% because they stopped measuring everything except gasoline and cars... 🤪 WTF is going on here? 🤣

Mitt Romney’s singles out ending 1031 exchanges as one way to raise tax revenue x.com/mittromney/sta…

"It's happening"

One part of Social Security reform should be taxing benefits as ordinary income. Set the standard deduction for retirees at the max SS benefit (already close), so if SS is your only income, it is untaxed. Then, treat it like 401(k) income. You have instantly "means tested" it!

BREAKING: US margin debt jumped +$30 billion in November, to a record $1.21 trillion. This marks the 7th consecutive monthly increase. During this time, margin debt has surged +$364 billion, or +43%. Adjusted for inflation, margin debt rose +2% MoM and +32% YoY, to the highest pic.x.com/YEqbuOsE02

BREAKING: Foreign holdings of US Treasuries fell -$5.8 billion in October, to $9.2 trillion, but remain at the 2nd-highest level on record. China’s holdings, the 3rd-largest holder, declined -$11.8 billion, to $688.7 billion, the lowest since 2008. However, Belgium’s stockpile,

JUST IN 🚨: Japan's 2-Year Bond Yield jumps to highest level since the run-up to the Global Financial Crisis 👀

BREAKING: Algeria’s parliament passed a law declaring France’s colonization 1830–1962 a crime, banning its glorification and demanding an apology and reparations.

M2 grew yet again in Nov, though at the slowest M/M growth of the year, now up $914 billion Y/Y, or 4.3% - w/ QE restarted though, this'll likely accelerate in months ahead:

BREAKING: US M2 money supply rises another +4.3% YoY in November 2025, to a record $22.3 trillion. This marks the 21st consecutive monthly increase. Money supply is now $400 billion above the March 2022 peak. Since 2000, money in circulation has grown at an average rate of

How did 92 employees in the British Virgin Isles generate $1.8 billion in profits for American companies, with only $500 million in assets? They didn't. These companies are hiding money to avoid American taxes. The same people who scream "America first" made this possible.

One of the biggest myths in American politics is that seniors are merely collecting back what they paid in to Social Security and Medicare.

JUST IN 🚨: Fed Reserve pumps $19.5 Billion into the U.S. Banking System through overnight repos 🤯 This is the 3rd LARGEST liquidity injection since Covid (the largest since Covid was on Friday) 👀

The hyperscalers took on more debt in 2025 than the previous 7 years combined. Cembalest, JPMAM

As we think about themes for 2026, consider this: the US may be in population decline. If I am right about that statement, it is something that keeps inflation capped. The same can be said for the unemployment rate. Admittedly, I don't *know* if the population is declining,