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

[winston]

Why US economy’s soft landing hopes could easily slip into recession

The view that the US economy will achieve a soft landing is increasingly becoming consensus, driven in part by encouraging GDP growth figures

However, reports on credit card debt, oil prices and continued political dysfunction in Congress could turn a soft landing into a slippery slope to recession

by Kerry Craig

Source: SCMP

https://www.scmp.com/comment/opinion/ar ... -recession

[behappyalways]

US Food Insecurity Crisis Erupts: 17 Million Households Starving, Highest In 11 Years
https://www.zerohedge.com/markets/us-fo ... t-11-years

[behappyalways]

Salesforce CEO Demands Return Of 'Law And Order' Across Crime-Ridden San Fran
https://www.zerohedge.com/political/sal ... n-san-fran

[behappyalways]

Target CEO Warns: Consumers Are "Tightening Up Their Spending," Buying Few Groceries And Toys
https://www.zerohedge.com/markets/targe ... s-and-toys

[behappyalways]

San Francisco's Post-Apocalyptic Hellscape Is on Full Display in This Viral TikTok Video
https://www.zerohedge.com/medical/san-f ... ktok-video

[behappyalways]

Consumers Use 'Buy-Now, Pay-Later' Option To Fund Record Black Friday Purchases
https://www.zerohedge.com/markets/consu ... -purchases

[behappyalways]

Self-Checkout Kiosks At 4,500 Walmarts Now Offer 'Buy Now, Pay Later' Loans For Basic Items
https://www.zerohedge.com/markets/self- ... asic-items

[behappyalways]

Smash-And-Grab Gang Loots Chanel Store Blocks From White House
https://www.zerohedge.com/political/sma ... hite-house

[winston]

US bankruptcies soar amid high rates

Eighteen percent more US firms filed for bankruptcy on the higher interest rates, but they are expected to remain high when Fed signifies that the rate cut will start this year.

Total bankruptcy filings - encompassing commercial and personal insolvencies - rose to 445,186 last year from 378,390 in 2022, according to bankruptcy data provided by Epiq AACER.

Commercial Chapter 11 business reorganization filings shot up by 72 percent to 6,569 from 3,819 the year before, the report said. Consumer filings rose 18 percent to 419,559 from 356,911 in 2022.

Source: AP

https://www.thestandard.com.hk/section- ... high-rates

[behappyalways]

Debt-Saddled Consumers Embracing Even More "Doom Spending"
https://www.zerohedge.com/markets/debt- ... m-spending