Discover and read the best of Twitter Threads about #credit

Most recents (12)

Yes, some (mostly speculative) #credit has been extinguished - *POOF* - and hence security prices have reverted to a level closer to what would be paid by those investing actual saved funds - i.e., capital. Is that a BAD thing? (Caveat: fear-driven overshoot is inescapable) 1/x
However, most of that underlying financial capital still exists (albeit with the notional gains of the past several months -arguably a largely ‘fictional’ overlay- extinguished). The bulk of it, however, remains in existence, even now. 2/x
What is understandably lacking is the will, the confidence, to employ it. Hence the rush to but ‘safe’ government securities as a default, leading to further distortions in pricing (and encouraging a further, damaging nationalisation of capital) 3/x
Read 13 tweets
Lets talk about the #MonetaryPolicy Implications for #FinancialInnovation / #FinTech...
I am sure by this time we have all heard of the phenomenon known as #FinTech. Recently, I used the #GoogleTrends platform to ascertain the degree of search interest in the term "FinTech". The graphs depict a surge in interest from around 2014...
I took the #GoogleTrends analysis a bit further and determined where (geographically) interest in the search term #FinTech was most pronounced...
Read 13 tweets
@_iAlyssa_ I love this subject 😁. Had these for a few yrs.😎

A name isn't JUST a name. Why do I want to say Smollet instead of Smulevitz? 👇

Why do I keep 🤔 about the name Gilead?👇 This is just tip of that berg. #Berman too? #Lampert as in Lampert Scary Mansion STL?
@_iAlyssa_ Ukraine - Russia...

Oh this is one small vein. It grows and grows.

I copied old NSP articles re: 1960s trail of Chicago👉STL👉KC👉NORLEANS & Las Vegas. #Carnahan #Slay #Venezian #Cueto #Costello
@_iAlyssa_ It's not just the Auerbach family (real name) but they are a part of The HUB. I just happened to start with them. There's many more. #Northwestern is a 🔑too.

His father changed family name to Emanuel (after his brother) prior coming to US from Isreal. 🤨 #Levels of 💪 in HUB.
Read 6 tweets
A detailed #thread on the important #schemes launched by Sri #NarendraModi led #BJP Govt.

Sri @narendramodi ji has launched many #welfare schemes. These #schemes varies from welfare of #Farmers, #housewives, #labourers, #students to small #shopkeepers etc.
@PMOIndia @BJP4India
1. PM-KISAN: This scheme promises to pay all poor #farmers (small and marginal farmers having lands up to 2 hectares) Rs 6,000 each every year in 3 installments through Direct #Bank Transfer. It would reportedly benefit around 14.5 crore farmers all over #India.
2. Pradhan Mantri #Kisan Pension Yojana: To address the problems of farm sector distress, the Modi 2.0 Cabinet has approved a proposal to provide small and marginal #farmers with a minimum Rs 3,000 per #month fixed #pension, costing Rs 10,774.5 crore per annum to the exchequer.
Read 33 tweets
#Moodys has pulled down its growth forecast for FY19 to 5.8%. Only surprise is why it’s not even lower. In the past year growth has collapsed from 8% to 5%. /1
@threadreaderapp

#India #CPI #GDP #RBI #bonds #inflation #ratecut #NBFC #jobs #credit #NPA #NCLT #growth
On the other hand #CPI is now at 4.6%. The laxmanrekha of 4% has been breached. A mix of drought, floods and unseasonal rain is driving food prices up. Core #inflation continues to fall to 3.7% reflecting the slowdown. /2
#India #GDP #RBI #bonds #ratecut #NBFC #jobs #credit #NPA
The wisemen and women of the economy have only one mantra - Cut, Pray, Hope. When in doubt cut rates.135 bps done but transmission is limited. We are told don’t look at nominal, real rates are still high. A single large cut is required. /3
#India #CPI #GDP #RBI #bonds #inflation
Read 16 tweets
My first approved credit card had a $500 limit. That same car today has a $50,000 limit. Here’s how I did it (not to be taken as advice!):
In the early stages of my building credit my score was impacted by delinquent student loan payments (30 day, 60 day, 90 day, 120 day) which I knew were going to be on my report for 7 years (yikes). I had to navigate around these delinquencies as much as I could.
I decided to take an aggressive approach to credit building. First of all I brought my student loan payments current. Secondly I made sure I paid my credit card on time every month, more than the minimum AFTER the bill would post a “statement balance” (major 🔑)
Read 23 tweets
As new #payment methods continue to emerge, our “2019 Diary of Consumer Payment Choice” highlights both the important role #cash plays in our economy while also illustrating the significant role of competing payment methods and #technologies: sffed.us/cashdiary
#Debit cards were used the most, accounting for 28% of payments. #Credit cards accounted for 23% (up 2% from 2017).
Consumers used cash in 26% of transactions (down 4% from 2017). However, #cash was used heavily for small-value payments, representing close to half of payments under $10.
Read 6 tweets
1) It’s #BibleStudyCoffeeTime.
Parshas Behar (Leviticus 25:1-26:2; supplemental reading Jeremiah 32:6-32:27)

May 25, 2019
2) The focus of this portion is on restraining our greed.
3) We learn about the concept of Shemittah, the Sabbatical year; every 7 years we stop working the land and let it be free of human intervention.
Read 29 tweets
1/

#mcm_chartstorm

Professionals have been piling into puts - this is the 10 day #OEX put/call ratio
2/

SELL EVERYTHING!

(this post is especially for @yuriymatso)
3/

Longer-term $TICK is on the zero line (though this calculation is deceptive as in OVERLY OPTIMISTIC - even an over-optimistic measure with inherent quantization is at signficant risk of a major breakdown)
Read 68 tweets
The landmark #SacharCommittee report that collected & analysed data on the social,economic & educational status of Muslims in India is now available in our resource section. Specifically,it tried to gauge if & why Muslims are under-represented in govt departments & other spheres.
Here are some of its findings. ruralindiaonline.org/resources/soci…
The 2001 Census showed that #literacy rates were low among Muslims, Scheduled Castes and Scheduled Tribes.
The perception that religious conservatism among Muslims is a major factor for not accessing #education is incorrect. As with many Indians, the main reason for ‘educational backwardness’ of Muslims is abject poverty, which forces many children to drop out of school.
Read 15 tweets
.@NYTimes says the typical federal worker has missed $5,000 in pay so far due to the #TrumpShutdown. Good analysis.

But let’s discuss the long-term impact & how this disruption will hurt the personal finances of our fellow Americans for YEARS to come. /1

buff.ly/2FuiC8x
An economic shock, like the sudden loss of a paycheck, usually has very long-term negative effects. It’s not just a blip.

Even if people get their back pay, or land another job, this #TrumpShutdown will burn folks in many ways for months or years after it’s officially over. /2
A study from @pewtrusts found that when people face a major financial shock, including a significant reduction in income, by six months later, 50% of those impacted by the financial shock still hadn’t recovered. /3

buff.ly/2QUm5ym
Read 14 tweets
Today we release our annual @wiiw_news Autumn #Forecast Report, with macroeconomic projections for #CESEE out to 2020. Below, a thread on the highlights 1/13
#Growth still looks quite good for most, notable upgrades this time for #Poland, #Serbia, #Hungary. But downgrades for several #EU members, plus #Turkey, #Macedonia and #Belarus. 2/13
Over the #forecast period we expect best growth performance in #EUCEE and #WesternBalkans, although both will slow by 2020. Outlook for #CIS & #Ukraine weaker. 3/13
Read 14 tweets

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