US - Economic Slowdown 07 (Aug 22 - Dec 25)

[behappyalways]

Food Banks Across America Report Record Demand And Record Shortages
https://www.zerohedge.com/economics/foo ... -shortages

[behappyalways]

物價高 房貸被利息壓垮！美國狂升息 百姓生活苦－李四端的雲端世界
https://m.youtube.com/watch?v=5XGpKLa-41Q

NYC Store Locks Down Cans Of Spam Amid Crime Wave
https://www.zerohedge.com/political/nyc ... crime-wave

[behappyalways]

不堪美國高通膨負荷 墨西哥成加州人第二故鄉｜FOCUS午間新聞 20220803
https://m.youtube.com/watch?v=2FqI0PjWQ9Q

[behappyalways]

NYFed Credit Report Demolishes Myth Of Strong Consumer Balance Sheet
https://www.zerohedge.com/personal-fina ... ance-sheet


Something Snaps In The Job Market: Multiple Jobholders Hit All Time High As Unexplained 1.8 Million Jobs Gap Emerges
https://www.zerohedge.com/markets/somet ... 18-million

[behappyalways]

'Inflation Reduction Act' Would Make IRS Among The Largest Govt Agencies
https://www.zerohedge.com/political/inf ... government

[behappyalways]

美國通膨持續惡化 民眾上一元商店找便宜｜FOCUS午間新聞 20220808
https://m.youtube.com/watch?v=PtjC82kn4NQ

[behappyalways]

Where Americans Plan To Cut Back In Face Of Inflation
https://www.zerohedge.com/personal-fina ... -inflation

[winston]

Nine unsettling market observations that miss the point

by Sam Ro

1. Companies announce layoffs
2. Consumers are tapping into savings
3. Supply chains are tight
4. Debt levels are up, and delinquencies are rising
5. Stocks are in a bear market
6. Earnings expectations are getting slashed
7. Recession odds are rising
8. Mortgage rates are their highest in years
9. Energy costs are up

Source: Yahoo Finance

https://finance.yahoo.com/news/nine-uns ... ?.tsrc=372

[winston]

3 big reasons why a 2022 recession would be like no other in history

by Vishesh Raisinghani

U.S. GDP has shrunk for two quarters in a row.

Homebuilding activity has plummeted while consumer confidence is at its lowest point since the pandemic erupted.

1. The labor market is robust
2. Companies are cash-rich
3. Rates are rising

This could be an ideal time to bet on beaten-down growth and tech stocks if a soft landing occurs.

However, in a hard landing investors may need to take refuge in asset-backed defensive stocks like healthcare companies and real estate investment trusts.

Source: Money Wise

https://finance.yahoo.com/news/3-big-re ... 00617.html

[winston]

Debts

From the Federal Reserve Bank of New York, earlier this month:

In total, non-housing balances grew by $103 billion [in the second quarter of 2022], the largest increase seen since 2016.

The share of current debt transitioning into delinquency increased modestly for all debt types but remains historically very low.

The share of current debt transitioning into delinquency increased modestly for all debt types but remains historically very low.

From Automotive News finds that 1.63% of auto loans haven’t received a payment in at least 60 days. While that doesn’t sound like much, it’s the highest reading in the past four years.


From PBS: Long lines are back at food banks around the U.S. as working Americans overwhelmed by inflation turn to handouts to help feed their families.

The Phoenix food bank’s main distribution center doled out food packages to 4,271 families during the third week in June, a 78 percent increase over the 2,396 families served during the same week last year.

From Fox News: "The traditional homeless person in need represents a very small percentage of the population that are actually getting food from the food bank network across the country," [Andrew Olsen, president of Altus Marketing] said.

"Most often it's single families, it's retirees, it's people who are just down on their luck. The changing demographic of need has much more become families."

[Jorge Lupercio, Director of Operations at Placer Food Bank] said that the "biggest thing" that stands out to him is that "food banking is no longer a temporary service" but rather a permanent fixture in many households.

"What we're seeing now is that it's actual working families that, even though the parents work and sometimes even some of the family members contribute, it's still not enough," Lupercio said.

And in case you’re thinking that these stories aren’t representative of the wider population, a recent survey from the Census Bureau found that four in 10 Americans say it’s somewhat or very difficult to cover usual household expenses. That’s the highest percentage since the question was first asked in August 2020.

Source: Investor Place