The recession starts when households can’t borrow anymore… or even pay the interest on their existing loans.

#recession … #GFC2 US #Consumer #Debt #Bubble edition

The recession starts when #households can't borrow anymore… or even pay the interest on their existing #loans. 👇 https://t.co/PBcJfFFVVz pic.twitter.com/xJseRrdqLs

— Invariant Perspective (@InvariantPersp1) May 31, 2022

U.S. Household Saving Rate Vanishes → Credit Card Debt Soars https://t.co/wHVtkSZbjK via @hedgeye @dlacalle

— Keith McCullough (@KeithMcCullough) May 31, 2022

#recession … #GFC2 US #Consumer edition https://t.co/i6aj5ZOofO

— Invariant Perspective (@InvariantPersp1) May 31, 2022

Well, at least Yellen has to eat the cake she baked.
The notion that what is going on today can be attributed to Powell alone is absurd. The mistakes go back many, many years – to Yellen, Bernanke and beyond. pic.twitter.com/699147R4Lp

— Peter Schmidt (The 92ers) (@The92ers) May 31, 2022

Breadth is terrible. I cannot easily recall another day with this many stocks down in SPX and market positive. Only comp is July 2015 about halfway through the EM bedshit of 2014-Feb 2016. More evidence of bear market rally imho. pic.twitter.com/KDCiDLdhTa

— Michael Green (@profplum99) May 31, 2022