The recession is here, the market crash is next. pic.twitter.com/WYYu42DG3B
— Financelot (@FinanceLancelot) March 29, 2023
The #economy is ~70% consumption. #Revenue/#Earnings come from #economic activity. #Inflation provides pricing power for #margins.
If the economy is slowing down, and inflation is falling, then earnings estimates are wrong. pic.twitter.com/b5dyOw3x4P
— Lance Roberts (@LanceRoberts) March 28, 2023
US commercial bank deposits are declining at the fastest pace ever recorded in the Fed's current data series.
On an annual average basis, the M2 money supply is currently declining for the first time since 1938.
There's a very good reason that declines in bank deposits & M2 are… pic.twitter.com/QruokOvewn
— Steven Anastasiou (@steveanastasiou) March 28, 2023
At least all these rate hikes have made housing affordable again.
— Sven Henrich (@NorthmanTrader) March 28, 2023
Vacant office space in the US is at its highest level ever of 18.7% 🚨
No rent is being paid on 1/5th of all US office space.
$46 billion of variable rate office debt will mature and need to be rolled this year — get ready for a wave of defaults on commercial real estate loans: pic.twitter.com/mBF9ApFH6P
— Joe Consorti ⚡ (@JoeConsorti) March 28, 2023
The latest government report is out, and the US Treasury cash balance just reached another recent low.
Only $187 billion left.
Keep in mind that February's deficit alone cost $262 billion. pic.twitter.com/2rYBzU7pO3
— Otavio (Tavi) Costa (@TaviCosta) March 28, 2023