Obviously higher wages > higher possibility to go leverage on credit card.. the FED has created an atomic bomb
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) May 6, 2022
Very concerning. Consumption is going to increase through the summer – what happens if supplies go to zero? t.co/quEj1zPk5I
— Craig Fuller 🛩🚛🇺🇦 (@FreightAlley) May 5, 2022
Don’t get me wrong.. strong dollar doesn’t mean the US is in a better position.. pic.twitter.com/A594xNBWV0
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) May 5, 2022
Enjoy higher gasoline prices
Don't forget the most important things pic.twitter.com/mV7VqffrTk
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) May 6, 2022
Central banks lost the control of inflation
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) May 6, 2022
US10Y yield 3.1%
More to come t.co/pVz1evFTQD
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) May 6, 2022
Shitty liquidity plus negative gamma. Don’t need much to move this market 👇 pic.twitter.com/E80SZylg8F
— Gianluca (@Theimmigrant84) May 6, 2022
In 2020 insider sold the top and in april 2020 they bought the bottom.. now they sold the top..insiders know better than you which is the economic situation
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) May 6, 2022
One last bounce and then … pic.twitter.com/QxR2hW6ENN
— Wall Street Silver (@WallStreetSilv) May 7, 2022
Many of the stock market biggest pandemic winners have given back all (or nearly all) of their gains. pic.twitter.com/rEDoy0a6jI
— Wall Street Silver (@WallStreetSilv) May 7, 2022
Bonds on course for biggest loss since 1920 🚨 pic.twitter.com/gREjogeHHF
— Wall Street Silver (@WallStreetSilv) May 7, 2022
Roughly half of Nasdaq stocks have been cut in half and the average stock is down 46.5% from its 52-wk high. t.co/9KLfSKo0BH pic.twitter.com/rMvUc4A9ed
— Bespoke (@bespokeinvest) May 7, 2022
More Americans Than Ever Say It’s Not a Good Time To Buy a Home
Just 30% of adults surveyed by Gallup said now is a good time to buy. It’s the first time the share fell below 50% since the question was first asked in 1978.
‘We See a Big Recession in the Making’: Top CEOs Are Fearing the Worst in Europe
The CEOs of several European blue chip companies have told CNBC that they see a significant recession coming down the pike in Europe.
Economic Downturn Spreads As More Sectors Report Falling Output and Record Price Rises
Detail sector PMI data compiled by S&P Global revealed a broadening of the global economic slowdown in April with more sectors reporting falling output than at any time since 2012
Wages Surged, Raging Inflation Crushed the Purchasing Power of those Wages
Why a crackdown on inflation might actually help in bringing people back into the labor force.
Ken Rogoff on April Jobs Report: Wages Not Keeping Up With Inflation ‘Concerning’ and ‘Problematic’
The former chief economist at the International Monetary Fund provided the insight during an interview with Fox News Digital after the Labor Department revealed that average hourly earnings rose by 5.5% year-over-year in March, down slightly from 5.6% the month before. The data comes amid surging inflation, which hit a fresh 40-year high in March.
Consumer debt soared by $52 billion in March