Brace yourselves for hurricane coming for the U.S. economy
JP Morgan's CEO pic.twitter.com/Ij1WGwHJUS
— Ham-lit π₯ (@Iibs_suck) June 23, 2022
#recession … #GFC2 US #PMI edition#manufacturing & #services ππ t.co/8jk2JlzCtR
— Invariant Perspective (@InvariantPersp1) June 23, 2022
Consensus economist expectations were for 56, but the latest manufacturing PMI came in at 52 this morning. pic.twitter.com/Dh851aOcpI
— Lyn Alden (@LynAldenContact) June 23, 2022
US PMIs Plunge To 2-Year Lows Amid "Remarkable Drop In Demand" t.co/Ew1GT8SaJI
— zerohedge (@zerohedge) June 23, 2022
What a difference no bailout makes. pic.twitter.com/AQecL1qQel
— Mac10 (@SuburbanDrone) June 22, 2022
Worse is to come as new orders are now falling again, so a Q3 US #GDP decline is on the cards pic.twitter.com/5X1ygp7yX4
— Chris Williamson (@WilliamsonChris) June 23, 2022
Stocks have not priced in the earnings decline that is likely coming. pic.twitter.com/ZBK3GcovYT
— Lance Roberts (@LanceRoberts) June 23, 2022
fintwitter is ready to buy them with a recession pic.twitter.com/wOeTUxj0Bh
— π °π »π ΄πππ Έπ Ύ (@AlessioUrban) June 23, 2022
US high grade bonds pic.twitter.com/gkj0xw8hG0
— π °π »π ΄πππ Έπ Ύ (@AlessioUrban) June 22, 2022
Too many bailout experts now claim that managing risk is now "dumb" and bagholding is now "smart".
The three heaviest shorting days in 2008 preceded a -50% decline.
This past week saw the heaviest shorting since those down arrows: pic.twitter.com/8C5Qvvvafk
— Mac10 (@SuburbanDrone) June 19, 2022
Chances of global recession nearing 50% – Citigroup
June 23 (Reuters) – Citigroup is forecasting a near 50% probability of a global recession, as central banks rush to raise interest rates to stamp out inflation that has been partly fueled by the impact of the Ukraine war and the COVID-19 pandemic.
Recession is an “increasingly palpable risk” for the economy, Citigroup analysts wrote in a note on Wednesday, while assessing the likely trajectory for global growth over the next 18 months.
“The experience of history indicates that disinflation often carries meaningful costs for growth, and we see the aggregate probability of recession as now approaching 50%,” the analysts said.
Michael remains very negative on risk assets as liquidity continues to contract. The S&P could easily fall another 20% based on his forecasts. I find his work invaluable. Please contact @crossbordercap if you are interested in learning more about his research. pic.twitter.com/8yYtlO9D42
— George Noble (@gnoble79) June 23, 2022
Welcome to #recession! Big misses on #Euro #PMI data today. Viz our daily update of World business activity based on credits, commodities and trade sensitive fx rates @johnauthers @rbrtrmstrng @JackFarley96 @edwardnh pic.twitter.com/Dnrm9KxdES
— CrossBorder Capital (@crossbordercap) June 23, 2022