Inflation is hitting the average Joe very, very bad. pic.twitter.com/x4LcD9v6Pw
— Alf (@MacroAlf) August 20, 2022
Personal savings in the US evaporating.
3.9 trillion a year ago to just 968bn now. pic.twitter.com/Cebqj5OrYh
— Don Johnson (@DonMiami3) August 20, 2022
Half of all US companies plan to implement job cuts, per a PwC survey.
— unusual_whales (@unusual_whales) August 20, 2022
US mortgage lenders are starting to go broke (Housing Bubble 2.0 is bursting)
When globalist media outlets assure us “there is no systemic meltdown coming this time” because things aren’t the same as they were in 2006-2007, they’re lying. The coming implosion of the Fed’s Everything Bubble is going to make the 2008 financial crisis look like a walk in the park.
english.alarabiya.net/business/economy/2022/08/19/US-mortgage-lenders-are-starting-to-go-broke
The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the worst since the housing bubble burst about 15 years ago.
There’s no systemic meltdown coming this time around, because there hasn’t been the same level of lending excesses and because many of the biggest banks pulled back from mortgages after the financial crisis.
Crazy.
Companies are doing more share buybacks versus investing in their own businesses than any other time in the last 25 years. pic.twitter.com/4gKXQV4RYM
— Otavio (Tavi) Costa (@TaviCosta) August 20, 2022
— Wifey (@WifeyAlpha) August 20, 2022
S&P speculator net short position increased over the past week (to Tuesday). Biggest net short position in over ten years: pic.twitter.com/Y7tAi6ZIO1
— Nick Reece (@nicholastreece) August 19, 2022
This 70 year channel is quite powerful. It has accurately given top and bottom signals.
If true, then 1776-1850 on the S&P 500 in 2023. pic.twitter.com/HnFKNnF2ms
— HOZ (@MFHoz) August 20, 2022
DEMOCRATS: The last thing you want to do is raise taxes in a recession.
JOE BIDEN: *signs law raising taxes* pic.twitter.com/tgJjSwZkSW
— RNC Research (@RNCResearch) August 21, 2022