Bankruptcies already above Covid and GFC levels … and the recession hasn’t started. Banks aren’t lending, companies are failing.
— Wall Street Silver (@WallStreetSilv) May 12, 2023
The U.S. Money Supply Has Plummeted in the Biggest Drop Since the Great Depression: t.co/eAkUCxnrO2 by @ryanmcmaken $SPY pic.twitter.com/2AtTpaf5Rg
— Jesse Colombo (@TheBubbleBubble) May 12, 2023
Bankruptcies are expected to surge sadly, if SLOOS is any indication. Leads by 6-9 mos. pic.twitter.com/vgwzYNXN9O
— Samantha LaDuc (@SamanthaLaDuc) May 11, 2023
The Treasury General Account fell to $154 billion yesterday, down from $184 billion on May 9th.
Assuming we're down another $30 billion today, that means the TGA will be empty in 4 days, timed perfectly for OpEx.
Must be just a coincidence though… 😏 t.co/YnlzAWEzfU pic.twitter.com/msuWFAiy4S
— Financelot (@FinanceLancelot) May 11, 2023
JPMORGAN: “.. today’s jobless claims reading .. hints at potentially more abrupt slowing. If sustained for the month of May, the %3m/3m change will have surged to 17.4% — a jump that would clearly put it in the range only seen in recessions over the past half-century.” 👀 pic.twitter.com/bj8aXvccQg
— Carl Quintanilla (@carlquintanilla) May 11, 2023
There is no money on the “sidelines,” there is money earning a juicy 5% in MM funds and piling into few large stocks. “Sidelines” $ didn’t help in past downturns. It’s unlikely to mitigate the downside (much); more likely reflate things after a hard landing. This behavior repeats… pic.twitter.com/E4iFOPwJFM
— Kantro (@MichaelKantro) May 11, 2023