overview for RealWarrenBuffett

The Fed may be compelled to slash interest rates in half next year to stave off a looming recession, according to a recent report by Swiss multinational investment bank UBS.

In its 2024-2026 outlook report published on Nov. 20, UBS said the U.S. economy is in for a shocker next year as consumers are running through the last shreds of post-pandemic savings.

Once a pirate, always a pirate in c/[email protected]

[–] [email protected] 0 points 10 months ago (1 children)

I used to pirate movies but ever since torrent sites stopped working or started giving you .exe files, I stopped watching movies completely. Unless it's a movie on TV ofc.

How I tell my friends I'm on Lemmy in c/[email protected]

[–] [email protected] 6 points 10 months ago

British humor can be weird sometimes, but it can also be brilliant like in this show :)

Youtube Premium in c/[email protected]

[–] [email protected] 20 points 10 months ago (1 children)

"Oh, you're not interested? Let us increase our aggressive advertising and fight against ad-blocks to change your mind then"

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Auto loans could pose a bigger threat to young Americans than student loans. For the first time, the outstanding volume of auto loan debt just surpassed student loan debt. (creditnews.com)

submitted 11 months ago by [email protected] to c/[email protected]

95 comments fedilink

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Surveys show that as many as 92% of Americans have cut back on spending due to rising prices. Record-low housing affordability is setting off a vicious cycle. (creditnews.com)

submitted 11 months ago by [email protected] to c/[email protected]

10 comments fedilink

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Some traders bet on a cataclysmic stock sell-off in December (creditnews.com)

submitted 1 year ago by [email protected] to c/[email protected]

2 comments fedilink

Some traders are betting that the stock market will go into a cataclysmic selloff that could make the Covid crash look like a picnic.

According to Bloomberg, a trader recently placed a $30,000 bet that the CBOE Volatility Index, or VIX—known as Wall Street’s “fear index”—will shatter new highs.

The VIX typically trades on a scale of 10-80, with 20 representing the historic average. Anything above 20 implies that the S&P 500 will experience unusually high volatility—which is a precursor to a selloff.

This trader expects the VIX to clock in at 180 by Feb. 14; that’s a 1,100% increase from current levels.

VIX has never traded above 100, and it hasn’t even been above 35 (extreme volatility) this year.

While it’s easy to dismiss this trade as ludicrous—after all, investors make crazy trades all the time—it’s not an isolated bet.

As Bloomberg reports, traders have opened more than 20,000 contracts for VIX December options with the same target price. Just last week, 5,000 of those contracts traded hands.

Clearly, some corners of the financial market are taking this bet seriously—or using it as part of a bigger strategy.

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Can natural disasters set off a full-fledged banking crisis? (creditnews.com)

submitted 1 year ago by [email protected] to c/[email protected]

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The wildfires in Hawaii this summer, Colorado in 2021, and Oregon in 2020 are bringing home to even die-hard climate change deniers the investment consequences of global warming.

The utilities serving the areas in each case are being sued for not shutting down their power grids during heat waves, contributing to some of the worst blazes in U.S. history.

PacifiCorp alone potentially faces $1 billion in class-action fines for the Oregon fires. Hawaiian Electric Industries’ shares plunged 40% during the fires in Maui.

But there is a sector that’s potentially on the hook for many times the size of those losses. And it’s not on anyone’s sell list—yet.

Banks.