The global economy is about to collapse with a crazy recession

Financial conditions worsen according to NY Fed

NY Fed survey has said more than half of American consumers say their household financial condition has worsened in the last year, and nearly half expect it to worsen in the coming year.

Read full report.

Perfect storm for developing countries triggers the most sever net outflows in 17 years – FT

The shit will hit the fan soon pic.twitter.com/W6Co2J1aiZ

— Alessio (@AlessioTMAD) July 10, 2022

https://twitter.com/MFHoz/status/1546248667543248896

The collapse of China will take every pundit by surprise even though it's happening in broad daylight.

This year, Chinese GDP is the lowest in three decades.

(I netted out 2020/2021 to show the trend). pic.twitter.com/YvrAsRrXZ9

— Mac10 (@SuburbanDrone) July 11, 2022

Current S&P500 compared to 1970, 2008 and 2001 (Log Scale)