Nobody Special Finance

They are working overtime this morning at the Federal Bureau of Random Number Generation as various government officials up to and including the president are suggesting 60%, 80%, and of course 145% as Tariff levels ahead of the much-anticipated meeting before the meeting with the Chinese this weekend. Elsewhere there are several stories coming out of Japan this morning suggesting stress in the au...

It's the end of Extend and Pretend. Laks Ganapathi, the founder and CEO of Unicus Research, joins me to talk about the severe crisis that is brewing in all corners of consumer credit. From Student Loans to Buy Now Pay Later and even auto loans, we are seeing increasingly strapped consumers unable to access more credit and lenders are under increasing stress due to a surge in delinquencies and...

Tech Stocks are leading the market higher this morning on news of a pending trade deal announcement between the US and the UK. Details are scarce at the moment, but it appears Big Tech will be among those to benefit from such a deal. Elsewhere Google parent Alphabet stock nosedived yesterday after an Apple executive said the company was considering replacing Google search on it's Safari platfo...

The market is (somewhat) optimistic this morning following news that US and Chinese officials will meet in Switzerland over the weekend in the first sign of any serious dialogue between the world's two largest economies following the onset of the trade war. Elsewhere, missiles were flying last night as India attacked targets in Pakistan in retaliation for the terrorist attack in Kashmir that k...

The bifurcated economy is on full display this morning as Ford has joined the other Big 3 automakers in withdrawing or lowering their guidance amid the trade war and declining sales. Meanwhile Ferrari is reported significant year over year growth, notably in custom builds. Support the Channel on Patreon: ⁠⁠https://www.patreon.com/NobodySpecialFinance⁠⁠ Support the Channel by Buying Me a Coffee ⁠⁠h...

The Taiwan Dollar is making record moves for the second day in a row and nobody really knows what's happening. There are several theories prevailing at the moment, but the government and central bank has been relatively quiet. Elsewhere oil prices are falling on a larger than expected OPEC production increase and Warren Buffet has announced his retirement as CEO of Berkshire Hathaway at the te...

David Morgan, author or The Morgan Report, joins me to talk about the trade war and the effect it’s had on the silver market and other precious metals. Subscribe to The Morgan Report: https://www.themorganreport.com/ Follow David on Twitter(x): https://x.com/silverguru22 Subscribe to David’s YouTube Channel: https://www.youtube.com/@silverguru/videos Watch the Trailer for David’s upcoming document...

The US economy added 177K jobs in the month of April, ahead of the 130K expected. But the old trend of big downward revisions to prior months appears to be back as March and February numbers were revised lower by 58K combined. When accounting for revisions, the jobs number is a miss. Elsewhere the is (the illusion of) progress in trade negotiations between the US and China and we've also got b...

Freight Waves founder and CEO Craig Fuller joins me to talk about the effect the trade war is already having on the logistics world and what it means for US Consumers, small business, and the job market. Check out Freightwaves.comFollow Craig Fuller on Twitter(X): https://x.com/FreightAlley Support the Channel on Patreon: https://www.patreon.com/NobodySpecialFinance Support the Channel by Buying M...

Stocks are higher ahead of the open this morning after earnings from Microsoft and Meta beat expectations across the board after the close yesterday. Meanwhile the US has sealed the deal with Ukraine for critical minerals, reopening the flow of arms shipments to the war-torn country. Support the Channel on Patreon: https://www.patreon.com/NobodySpecialFinance Support the Channel by Buying Me a Cof...

The economic data does not look good this morning. First quarter GDP came in negative, showing the first official decline in overall economic activity since 2022. PCE rose to 3.6%, showing elevated inflation. The labor market is looking weak as well with ADP Private Payrolls and JOLTS coming in well below expectations. Support the Channel on Patreon: https://www.patreon.com/NobodySpecialFinance Su...

UPS has announced they will be laying off 20,000 employees and shuttering facilities across the country amid a decline in package volume from Amazon, it's largest customer. Elsewhere the US trade deficit just hit another record for March as American companies scrambled to buy up inventory ahead of tariffs. This will be a major drag on GDP in the first quarter. Support the Channel on Patreon: h...

The Trade War that began on Liberaiton Data has shaken the entire global order and set in motion a clash of economies, nations, and political factions all across the world. Doomberg joins me to talk about the Trade War, The Fed, energy, and more in this trip around the geopolitical world. Subscibe to Doomberg's Substack: https://newsletter.doomberg.com/ Doomberg's Interview on Liberty and...

A major blackout struck Portugal today, plunging virtually the entire country into darkness before spreading to large swaths of Spain and even France. The cause remains unknown. Meanwhile sirens are blaring in the logistics world as the trade war takes it's toll on both sides of the Pacific. Support the Channel on Patreon: https://www.patreon.com/NobodySpecialFinance Support the Channel by Buy...

There are conflicting narratives (again) this morning about whether or not any trade talks between China and the US, official or unofficial, are actually happening. The Trump Admin stays they are. Chinese officials say they aren't. Meanwhile a slew anonymously sourced articles are suggesting trade deals with other countries are in the works. Elsewhere Google parent Alphabet reported earnings t...

The AI Mania could be the largest speculative asset bubble in history. I could talk about it for hours. But there's no time for that. Here's a mountain of IP theft, hallucinating chatbots, and accounting fraud mayhem crammed into just 99 seconds. Support the Channel on Patreon: https://www.patreon.com/NobodySpecialFinance Support the Channel by Buying Me a Coffee https://www.buymeacoffee.com/nobod...

Tensions between nuclear rivals India and Pakistan are higher than they've been in decades after a terrorist attack in Kashmir killed 26 Indian civilians resulting in retaliatory actions from the Indian Government that risks starting a war. Elsewhere China has denied that any trade negotiations are underway even as their factories begin to shut down and several US companies have pulled their f...

Stocks are continuing their rally this morning on a notable change in the tone from both Washington and Beijing that could signal that at the very least, the spiraling escalations have stopped for now and talks might begin soon. Support the Channel on Patreon: https://www.patreon.com/NobodySpecialFinance Support the Channel by Buying Me a Coffee https://www.buymeacoffee.com/nobodyspecial Subscribe...

Student loan payments are officially coming back...for real this time...we think. After months and even years of back and forth and courts cases and political pandering, it looks like reality is about to set in for millions of borrowers who have gone years without making a payment. Elsewhere earnings season is well underway and many companies are beginning to forecast the impact of the trade war o...

The Dow has fallen 1,100 points (and counting) as markets continue to be battered by myriad issues. There are many new developments in the ongoing trade war, President Trump is once again throwing shade at Fed Chair Jerome Powell, and there is also news from Amazon in the ongoing bursting of the AI Bubble. Support the Channel on Patreon: https://www.patreon.com/NobodySpecialFinance Support the Cha...

The US Dollar Index (DXY) took a dive last night as the trade war continues to see dollar assets selling off with money headed back home to Japan and Europe driving those currencies higher. Gold is making yet another new all time high, currently above $3,400 and even bitcoin is strangely getting in on the action despite a general risk-off mood in markets this morning. Support the Channel on Patreo...

There has been a major update to the controversial Covid Era loan workout program at the FHA that has enabled rampant housing fraud. Melody Wright and John Comiskey join me to talk about big changes on the horizon in the housing market and the possibility that younger home buyers, long priced out of the housing market, may finally have a chance at realizing the dream of home ownership. Subscribe t...

Yesterday Jerome Powell said that the Federal Reserve will essentially continue to do nothing, contributing to a steep selloff in stocks. Now this morning President Trump has taken to Truth Social to call for Chair Powell's firing, giving him the moniker "Too Late" Powell. Elsewhere, United Health stock is crashing this morning after reporting greater than expected demand for outpatient services....

Nvidia disclosed that they will be taking a $5.5B charge on their next earnings report in an SEC filing yesterday driven by a de-facto ban on sales of their H20 GPUs to Chinese customers, a complete reversal of an earlier story last week that sent shares higher. Elsewhere the trade war rumor mill ran wild last night with anonymously sourced articles suggesting a Chinese willingness to negotiate (I...

China has ordered it's domestic airlines to halt deliveries of all Boeing jets, effective immediately, in the latest round of tit-for-tariff actions in the global trade war. Support the Channel on Patreon: https://www.patreon.com/NobodySpecialFinance Support the Channel by Buying Me a Coffee https://www.buymeacoffee.com/nobodyspecial Subscribe to Nobody Special on YouTube: https://www.youtube....