We are heading for what I call GSM:
Global Synchronized Meltdown. pic.twitter.com/ByLNKdKS4U
— Mac10 (@SuburbanDrone) July 6, 2022
An EM currency crisis will seal the fate of all BTFD gamblers. pic.twitter.com/7Cajqmdg1s
— Mac10 (@SuburbanDrone) July 6, 2022
🔻 Financial Conditions Fall Across The Board t.co/94FH9hierK pic.twitter.com/kITWUkgIgn
— Cable FX Macro (@cablefxmacro) July 5, 2022
Misery index in developed countries is rising rapidly, the curve is steeper in UK
Globalzuela pic.twitter.com/jIZhk4kgZy
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) July 6, 2022
German power crunch is reaching new records day by day
High alert for credit crunch pic.twitter.com/8bTQPadGWf
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) July 6, 2022
Asia HY index breakdown
China’s non-property & India HY are the most hit by rising rates
Note, Indian rupee is falling apart everyday pic.twitter.com/mCff4trj9E
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) July 6, 2022
Yield curve collapses further in negative territory
Bond markets price in more space to hike rates t.co/FnVtEdWr8S
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) July 6, 2022
shit storm is coming
bankruptcies are slowly surging
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) July 6, 2022
The 50 year evidence! #liquidity matters… UK #recession coming … #Boris boom is toast t.co/VnM4QRt1jm pic.twitter.com/c6HY2mOzkR
— CrossBorder Capital (@crossbordercap) July 6, 2022
Consumers Say 2022 Is the Worst Economy Ever
The threat is that households are the most depressed they have been since the University of Michigan began its long-running Consumer Sentiment index in the 1950s. When consumers are worried about their finances and the economy, the danger is a self-fulfilling cut in spending that brings on a recession.