"Danger ahead: The U.S. economy has yet to face its biggest recession challenge" t.co/oKBTBx94yC — In Mar 2000, the economy added what was a 30-mo high of 472K jobs as the yield curve inverted by nearly 50bps. Then this 👇 happened. What we're seeing is NOT unprecedented pic.twitter.com/cT0i89Ynjn
— David Settle, CMT (@davidsettle42) August 5, 2022
And the lay-off’s continue… worldwide
Alibaba Sheds ~10,000 Employees in June Quarter $BABA
— Ayesha Tariq, CFA (@ayeshatariq) August 5, 2022
Here’s a breakdown of those added jobs:
Full Time -71,000
Part Time +384,000
Multiple Jobs +92,000Read past the headlines
— Don Johnson (@DonMiami3) August 5, 2022
What's next? 😂
The world is collapsing around us. pic.twitter.com/B9SsYCMgJw
— Wall Street Silver (@WallStreetSilv) August 5, 2022
Homes under construction supply highest in five decades 👇 pic.twitter.com/6Dg1yXsPzp
— Michael A. Arouet (@MichaelAArouet) August 6, 2022
Don't Cry For Me ARGENTINA 🇦🇷
90.2% in 2022 🇦🇷😭 pic.twitter.com/26eaFkQW3D
— Wall Street Silver (@WallStreetSilv) August 6, 2022
Cost of living crisis is worldwide and is getting bigger by the day 🚨
It seems like things are getting worse.
Is it just me thinking that? pic.twitter.com/buNmIl8cyb— Wall Street Silver (@WallStreetSilv) August 5, 2022
Bank of England is forecasting a long recession. pic.twitter.com/GCrF56tmKd
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) August 6, 2022
Per GS, this week's de-grossing (epic short covering) was the 2nd largest in the past 5 years
The crowd is no longer hedged pic.twitter.com/aGLbQkfOkK
— Keith McCullough (@KeithMcCullough) August 6, 2022
US consumer borrowing surged $40.2 billion in June from the prior month, reflecting a jump in credit-card balances and a record increase in non-revolving credit.
— unusual_whales (@unusual_whales) August 5, 2022
Alternative Headline:
Workers need to accept exploitation and wage theft, says Bank boss pic.twitter.com/HeF3nOnqI7
— Wall Street Silver (@WallStreetSilv) August 6, 2022
It seems like it's a red flag to me … pic.twitter.com/u9FHk49odU
— Wall Street Silver (@WallStreetSilv) August 6, 2022
7.7% of US homes for sale have cut their asking price over the last 4 weeks, the highest percentage we've seen since Redfin started tracking the data in 2015.t.co/xsvTk5JXhb pic.twitter.com/nB8J6CTgFF
— Charlie Bilello (@charliebilello) August 6, 2022
#SP500 of Today vs. 1935 to 1937 #stocks pic.twitter.com/sLePHQTFQV
— Michael J. Kramer (@MichaelMOTTCM) August 6, 2022
Fed’s QT: Total Assets Drop by $91 Billion from Peak (QE created money, QT Destroys Money)
YIELD CURVE IS THE MOST INVERTED SINCE THE DOT-COM BUBBLE/MELTDOWN.
The #sp500 of today, vs. 1937, 2000, 2008 pic.twitter.com/d3ZbsrZS8b
— Michael J. Kramer (@MichaelMOTTCM) August 6, 2022
$vix of 2008 and vix of today pic.twitter.com/le8dPpR7LZ
— Michael J. Kramer (@MichaelMOTTCM) August 5, 2022