by SilverBoatSurfer
About 15% of US renters aren’t caught up with their payments, according to Census Bureau data, and it’s about to get worse this summer as many leases come due and landlords boost prices t.co/H0DtY23hot
— Bloomberg Markets (@markets) June 24, 2022
Consumer sentiment fell to its lowest point on record, reflecting that elevated inflation weighs on Americans’ moods and adding to indicators of a slowdown in the world’s largest economy t.co/84X1JCvnEr
— WSJ Central Banks (@WSJCentralBanks) June 24, 2022
The US economy is ''very strong'' while we are looking at a PMI New Orders / Inventory ratio below 1.
Last seen on our screens in:
– 2001
– 2009
– 2012
– 2019 (0% earnings growth)Not exactly ''booming'' periods. pic.twitter.com/b1a1V63MY6
— Alf (@MacroAlf) June 24, 2022
World Dollar Liquidity is contracting at a record -21% annualized rate.
WDL = Monetary Base + Foreign CB Holdings of Securities Held at the Fed pic.twitter.com/kpOlFxIm3R
— Eric Basmajian (@EPBResearch) June 24, 2022
This is the strangest bear market of all time:
1. $VIX refuses to spike despite downturns
2. Treasury yields soaring like risk is wanted
3. Gold is down like there's no volatility
4. Housing demand at all time high
5. Fed is raising rates
This will be a historic recession.
— The Kobeissi Letter (@KobeissiLetter) June 24, 2022