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Consumer Credit Smashes Estimates As Credit Card Debt Hits New All-Time High
Consumer Credit Smashes Estimates As Credit Card Debt Hits New All-Time High
The relevering of the US consumer continues: one month after the June consumer credit number came higher than estimates (and followed the unexpected May contreaction in US credit), in July consumer credit came in even higher than expected, with the Fed reporting in its latest G.19 report that in July, US consumer credit rose by a whopping $18.1BN - more than the $14.6 billion in June - and far above the $11.7 billion estimate.
The rebound was driven by...
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Jul 2, 2026 / Tyler Durden
NatGas, Nuclear, Coal Keep Nation's Largest Grid From Buckling Under Heat Dome
NatGas, Nuclear, Coal Keep Nation's Largest Grid From Buckling Under Heat Dome
Summary:
NatGas, Nuclear, Coal Power Generation Keep PJM Alive
First Day of Heat Dome Across Mid-Atlantic; Last Through Weekend
"Set Your AC To 78F": NYC Socialist Pleads With Residents As Fragile Grid Faces Blackout Risk
GridStatus' website shows the PJM Interconnection under severe peak-demand stress as heat-driven cooling loads surge across the Mid-Atlantic and eastern U.S.
PJM load is near 158 GW, net load is around 142 GW, and real-time power prices are sharply rising to about $929/MWh.
The fuel-mix chart shows the...
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Sep 3, 2026 / Tyler Durden
That Don't Repress Me Much
That Don't Repress Me Much
By Benjamin Picton, Senior Market Strategist at Rabobank
US equity indices gained yesterday as oil prices pulled back from recent highs and bond yields followed suit. The S&P 500 closed 0.46% higher while the Dow Jones was up 0.56% and the NASDAQ Composite Index lifted 0.45%. The Bank of Canada kept rates at a low, low 2.25% yesterday for a seventh-consecutive meeting. Governor Tiff Macklem struck a more hawkish tone, but RaboResearch’s Christian Lawrence and Molly Schwartz write that they wouldn’t be surprised to see the...
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Apr 10, 2026 / Tyler Durden
Hunter Biden Challenges Trump Brothers To Cage Match
Hunter Biden Challenges Trump Brothers To Cage Match
As everyone knows by now, the first rule of fight club is... you don't talk about fight club...
But it appears Hunter Biden could not help himself as the son of former President Joe Biden, on April 9 publicly challenged Donald Trump Jr. and Eric Trump - the eldest sons of President Donald Trump - to a cage match.
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The challenge emerged in a video posted to the Instagram page of conservative social media...
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