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.
Perfect storm for developing countries triggers the most sever net outflows in 17 years – FT
The shit will hit the fan soon pic.twitter.com/W6Co2J1aiZ
— π °π »π ΄πππ Έπ Ύ (@AlessioUrban) July 10, 2022
Equity indices have a lot more to go down… pic.twitter.com/jDUTWyZSF4
— HOZ (@MFHoz) July 10, 2022
The collapse of China will take every pundit by surprise even though it's happening in broad daylight.
This year, Chinese GDP is the lowest in three decades.
(I netted out 2020/2021 to show the trend). pic.twitter.com/YvrAsRrXZ9
— Mac10 (@SuburbanDrone) July 11, 2022
Current S&P500 compared to 1970, 2008 and 2001 (Log Scale)