- New merchandise orders in decline.
- Emergency borrowing is skyrocketing
- The bond market is properly f*cked
- Inflation isn’t slowing down, and the Fed isn’t lowering interest rates this year.
The difference between monthly mortgage payments and rents hasn't been this big since 2006, around the peak of the housing bubble that led to the Great Financial Crisis.
— unusual_whales (@unusual_whales) March 27, 2023
CONSUMER CREDIT CONDITIONS LIKE 2008 😳👇 pic.twitter.com/bExncqPDRI
— Win Smart, CFA (@WinfieldSmart) March 26, 2023
This is incredible:
The FDIC said THEIR cost of Silicon Valley Bank’s failure is $20 billion.
Funds are coming from the Deposit Insurance Fund.
15% of the entire fund is being used.
SVB is the most expensive bank failure in US history.
We cannot afford this crisis spreading. pic.twitter.com/OD7xfrNmsU
— The Kobeissi Letter (@KobeissiLetter) March 27, 2023
So much for relief. Used car prices are on the rise again. 🚗 pic.twitter.com/9R1cMzibKS
— Markets & Mayhem (@Mayhem4Markets) March 26, 2023
h/t Klone6ix