by confoundedinterest17 This bit of housing news won’t soothe the Biden Administration which is terrified of getting blamed for a recession. Total US foreclosure starts are up 440.91% YoY in June, according to Black Knight. Rising mortgage rates, declining REAL wage growth? This spells trouble …
Global recession is coming. It's becoming increasingly clear that important Euro zone economies like Germany (blue) and Italy (orange) are heading for recession. What is a surprise is that US data are falling also (pink). We're in a synchronized slowdown, …
by Shaun Richards Sometimes the debate misses what is right in front of its face and this is taking place at the moment with the US economy. I have been pointing out the issue for a while and let me …
by Boo_Randy Even by the abysmal standards of the Brandon regime, how does this vile, mendacious hag still have a job? https://www.dailymail.co.uk/news/article-11043837/Treasury-Secretary-Janet-Yellen-DENIES-economy-recession-admits-slowing-down.html Treasury Secretary Janet Yellen conceded that the economy is ‘slowing down’ on Friday amid fears of a looming …
During his appearance on “Fox News Sunday” earlier this week, Jared Bernstein, a White House economic adviser, played coy on the definition of a recession, trying to argue we’re not really in one. This narrative, it turns out, is a …
https://www.youtube.com/watch?v=XrguJLyZvwI Peter Schiff talks about the current state of U.S economy, which is already in recession. There is no way out, let’s prepare for the worst! Peter Schiff is the CEO of Euro Pacific Capital Inc, financial commentator, and radio …
The Daily Shot – Twitter, Released on 7/22/22 Source: https://twitter.com/SoberLook/status/1550421729549459458
Europe slips into recession, or so it appears based on flash July PMI survey data. The currency bloc's Composite Output Index (a GDP proxy) dipped to 49.4, below the neutral 50 mark: "Eurozone economy looks set to contract in the …
🇺🇸 Almost all the economic numbers are aligned: A U.S. #recession is now likely – MarketWatch *Link: https://t.co/Rwyhf22FKS pic.twitter.com/GUwVlrDoom — Christophe Barraud🛢🐳 (@C_Barraud) July 22, 2022 https://twitter.com/WifeyAlpha/status/1550378555124711424 Port congestion statistics peaked with the container shipping cycle pic.twitter.com/O8KPrxNVGr — Michael Fritzell …
We were expecting a significant drop in Philly Fed future activity expectations @quillintell – this certainly hits the mark. Hasn't been this low since 1979. And the Fed is just getting started. Industrial Recession is likely in full swing. pic.twitter.com/D9B40vp5bR …
by BoatSurfer600 Resiliance of #WallStreet and #SPX (orange line) over past couple weeks may have a lot to do with more #Fed #liquidity … recent small rebound (red line)! (Cannot last!!) @johnauthers @rbrtrmstrng pic.twitter.com/8oOlOSERbg — CrossBorder Capital/ GLIndexes (@crossbordercap) July …
https://twitter.com/WifeyAlpha/status/1549696893579661313 💰 BofA July FMS: "A net 58% of fund managers said they're taking lower than normal risks, record that surpassed the survey's GFC levels." (via BBG) pic.twitter.com/sSACVuG6dH — Michael Goodwell (@MichaelGoodwell) July 19, 2022 pic.twitter.com/igt1jDaO6e — Michael Goodwell (@MichaelGoodwell) …
by laflammaster The Atlanta Fed lowered its Q2 #GDP forecast again. It now stands at -1.6%, matching the reading from Q1. It's amazing how so many analysis still don't have a #recession in their 2022 or even 2023 economic forecasts …
by BoatSurfer600 The Keynesian fraudsters at the Fed are getting ready to follow the ECB’s lead by going on an “unlimited” bond buying spree (buying their own debt with fake Yellen Bux “money”). The piddly rate hikes are a joke …
The probability of a downturn over the next 12 months stands at 47.5%, up sharply from 30% odds in June, according to the latest Bloomberg monthly survey of economists. In March, those odds were just 20%. The latest survey was …
Latest estimate: -1.5 percent — July 15, 2022 The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -1.5 percent on July 15, down from -1.2 percent on July 8. After …
by BoatSurfer600 Source: https://www.reuters.com/business/autos-transportation/rivian-will-address-layoffs-restructuring-friday-meeting-2022-07-12/ Tech stocks aren't struggling because of macro. The bond/tech stock narrative was invented to get you to buy them. Tech stocks are falling because they are in a bubble. https://t.co/MZgDvasbtD — Mr. Deplorable (@Ponzi1945) July 12, 2022 …
The Euro zone is going into recession. The forward-looking orders minus inventories (blue) component in the manufacturing PMIs for key European countries is tumbling and – since data only go to June – this is before any serious disruption in …
by Peter Schiff on Schiff Gold: Last week, the Atlanta Fed raised its projection for GDP in Q2, but it still remains negative at -1.2%. That would mean we are officially in a recession with two consecutive months of negative GDP growth. …
by Boo_Randy Heckova job, central bankers. https://www.macrobusiness.com.au/2022/07/reserve-bank-new-zealand-consumer-recession/ Independent economist Tony Alexander’s latest monthly Spending Plans Survey for New Zealand shows that a record net 27% of the near 1,000 respondents plan on cutting consumption spending over the next 3 to 6 months …
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. …
The Democrat governor of Kansas broke with White House officials this week, acknowledging the likelihood of a recession hitting the United States soon.“We have managed the budget so well that we now have done all of these things: We have …
by confoundedinterest17 Biden’s new campaign theme for the midterms: economic darkness, darkness. Well, this is one way to get inflation under control … crash the economy. And inflation fears growing, we are seeing mortgage rates declining and mortgage applications increasing. Mortgage applications …
by confoundedinterest17 Its Ted Day! TED refers to the difference between the three-month Treasury bill and the three-month LIBOR based in U.S. dollars, a measure of fear in the market. The 3-month TED spread is rising awfully fast. A sign of …
In Record setting time, Joe Biden has completely annihilated the US Economy AC
by Boo_Randy Central bank engineered boom/bust cycles are the most efficacious means to transfer the wealth and property of the soon-to-be-extinct middle class to the central bankers’ oligarch accomplices. Looks like the RBA just broke it off in the asses …
When a key Fed economic model sees an 80% chance of a hard landing, you know things are bad! Equities have fallen so quickly, well ahead of profits, that some are saying “equities have already factored in a recession.” Well, …
by Boo_Randy It’s going to get harder and harder for Brandon, Jerome Powell, and Yellen the Felon to keep lying about our “booming economic recovery” as the real economy is in free-fall. The Federal Reserve Bank of Atlanta’s GDP tracker …
Image by Ben Shahn, 1935. Copyright CCO 1.0 Dedication via New York Public Library From Peter Reagan at Birch Gold Group By the time you read this, the U.S. economy will likely be officially mired in what could be a long and …