Margin debt is rising at a rate last seen before major bear markets and market CRASHES:
Margin debt jumped 6.3%, or $67 billion, in September to a record $1.13 TRILLION.
Investor leverage has surged 39% since April, marking the biggest 5-month spike since the late-2021 market frenzy.
In the past, similar margin debt spikes have almost always preceded major market declines:
1) 2000 Dot-Com Bubble,
2) Great Financial Crisis in 2008,
3) The late-2018 Fed-driven selloff,
4) 2022 bear market.
Will history repeat?
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Billionaires' Row skyscraper where J-Lo and A-Rod lived is covered in CRACKS and could be abandoned after developers insisted on white concrete facade.Its bizarre proportions rise unnervingly for 102 floors above New York City's toniest streets.
And now building safety experts say there is good reason to be unsettled by 432 Park Avenue, a super-tall but ultra-skinny condo tower filled with 125 apartments on Manhattan's 'Billionaires' Row.'
The skyscraper - which only opened in 2015 - is covered in cracks and cavities, after developers insisted on an aesthetically pleasing white concrete facade which experts claim has serious flaws.
Jennifer Lopez and ex-boyfriend Alex Rodriguez paid $15.3 million for their apartment in 432 Park in 2018, giving the high-rise instant Hollywood cachet. (If the bldg is condemned, the mortgage holder will be burned.)
https://www.dailymail.co.uk/news/article-15208677/park-avenue-tower-cracks-j-lo-new-york.html
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A Charlotte, North Carolina, teenager with 111 arrests in just two years has once again been released, as the blue city wrestles with repeat offenders.
During a Wednesday news conference, the Charlotte-Mecklenburg Police Department (CMPD) discussed the city’s latest crime stats. The city, according to the CMPD, experienced a 20% reduction in violent crime, which includes homicides, rapes, robberies and aggravated assaults, which encompass shootings.
But amid the positivity, there is reason for alarm, with more than half of those arrested for violent crimes having prior arrests — including teens. One example is an unnamed 15-year-old with an astounding 111 arrests since August 2023.
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Update (0615ET):
Amazon Web Services (AWS) has largely restored operations after a major disruption in its US-East-1 (Northern Virginia) region earlier this morning that affected numerous apps and websites relying on the service.
Root Cause Identified:
AWS engineers traced the issue to a DNS resolution problem affecting the DynamoDB API endpoint in the US-East-1 region. The failure also disrupted other AWS services and global features dependent on that region, including IAM updates and DynamoDB Global Tables.
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CNN Data Analyst Says Shutdown is Not Affecting Trump’s Popularity — Approval Ratings Even Drifting Upward!
“This shutdown hasn’t eaten into Donald Trump’s support at all,” Enten said. “His net approval rating is actually up a point in terms of his popular support.
Watch https://twitter.com/i/status/1980278938044694817
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Politicized distribution of hurricane aid money before the 2024 election was no "isolated incident," a Homeland Security follow-up report sadly concludes
CEO Jensen Huang says President Trump’s tariffs have sped-up the return of high-end chip-making to the US..
Shortages hit London too. The silver market is broken...
"What Americans need to understand is that the NGO Industrial Complex is a mass-scale manipulation machine with many arms—but it always traces back to the same funding sources."
"The moderate Democrats will move forward and get us an open government..."