Credit conditions in Europe are tightening at the fastest pace since 2009.
via Bloomberg pic.twitter.com/QEQEEgK9lm
— Daniel Lacalle Official Account (@dlacalle_IA) May 1, 2023
The banking crisis is just beginning
We have called it right for months
The worst is yet to come (just wait for the office building bust)
History Before it Happens:https://t.co/Lz05ySOZUa#FirstRepublic— Gerald Celente (@geraldcelente) May 1, 2023
"Fed Wishes It Had Shut Down Reverse Repo Which Is Making The Bank Run Worse… But It Didn't, And Now It's Too Late" https://t.co/tZ1hvqI4ki
— zerohedge (@zerohedge) May 1, 2023
Total Assets of the 511 US Bank Failures from 2009 through 2022: $339 billion
Total Assets of the 3 US Bank Failures in the last two months: $548 billion
— Charlie Bilello (@charliebilello) May 1, 2023
44% of Americans expect to apply for a Buy Now Pay Later (BNPL) loan at least once in the next six months.
What do they need these BNPL loans for?
According to a recent LendingTree survey, 21% of respondents need BNPL loans to buy…
…groceries.
Man, that's sad. pic.twitter.com/ss5VuYpkzN
— Alf (@MacroAlf) April 30, 2023
The Treasury General Account dropped $20 billion on Friday.
It's going to be interesting to see what happens once the FDIC needs to bail out First Republic Bank account holders. https://t.co/VFzjkZ7J0K pic.twitter.com/sPNIRNHz7s
— Financelot (@FinanceLancelot) May 1, 2023
Recession barometer 2023:
The biggest supporters of the US proxy war and the 5 Eyes alliance have the highest chance of economic decline.
The most sanctioned country in the world (Russia) has a moderate chance of decline.
BRICS+ countries (multipolar alliance) are thriving. pic.twitter.com/RditbCWIMN
— Kim Dotcom (@KimDotcom) May 1, 2023
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