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

[behappyalways]

"It Scares Me To Death": More Ohio Families Turn To Food Banks Amid Cost-of-Living Crisis
https://www.zerohedge.com/personal-fina ... ing-crisis

[behappyalways]

"It's Just Not Safe": Decades-Old Baltimore Business Closes Shop Because Of Crime, Blames Democrats
https://www.zerohedge.com/markets/its-j ... -democrats

[winston]

Recession? It’s already arrived

With the first-quarter earnings season drawing to a close, the profits of S&P 500 companies are estimated to have dropped 3.7% on average, compared to a year ago.

78% of firms surpassed forecasts, that’s less impressive than it sounds, given analysts had slashed their expectations before the season kicked off.

More crucially, it was the second straight quarter of earnings declines for corporate America.

Bearish earnings forecasts now centre around the April to June period, for which a 7.3% profit.

The four biggest US banks saw bad consumer loan write-offs rise 73% from year-ago levels.

Small banks account for 25% of the lending to the Commercial real estate sector.

Tech earnings are expected to decline more than 7% in the second quarter.

While first-quarter Chinese growth roared to a one-year high, credit and consumer demand appear to be sputtering.

S&P 500 constituents’ actual first-quarter buybacks were 21% below year-ago levels.

Source: Bloomberg

https://www.thestar.com.my/business/bus ... dy-arrived

[behappyalways]

New York parents are angry! Immigrants pressure the city to seek shelter in school gymnasiums

紐約家長怒！移民壓境　市府徵學校體育館收容｜方念華｜FOCUS全球新聞 20230517@tvbsfocus

https://m.youtube.com/watch?v=lXgSsmC32ZE

[behappyalways]

Chicago Carnival Invaded By "Flash Mob" Of Over 400 Teenagers
https://www.zerohedge.com/markets/chica ... -teenagers

[behappyalways]

"There's Poop Everywhere": San Francisco's Office District Not Only A Ghost Town, It's Also Covered In Sh*t
https://www.zerohedge.com/political/the ... n-its-also

[behappyalways]

"The Road to the Dead" really happened? American drug criminals are flooding the streets with "emerging drugs". Drug addicts abuse "animal muscle relaxants", causing skin ulcers, slow action, and a sharp increase in deaths

"陰屍路"真實上演？美毒犯吸"新興毒品"倒滿街 吸毒者濫用"動物肌肉鬆弛劑" 害皮膚潰爛.行動遲緩 死亡數激增｜記者 姚懷真｜【國際局勢】20230529｜三立iNEWS

https://m.youtube.com/watch?v=yKcSB4iqOD0

[behappyalways]

Old Navy To Shutter Downtown San Francisco Store Amid Retail Exodus
https://www.zerohedge.com/markets/old-n ... ail-exodus

[winston]

BofA CEO predicts start of US recession in second half of 2023

The country may face a mild recession in the second half of this year and in the first quarter of the next year.

Policymakers at the Federal Reserve have also projected that the US will experience a "mild recession" later this year that could take two years to overcome.

By Bernama / Bernama

https://theedgemalaysia.com/node/669917

[winston]

Leading Indicators Continue to Suggest Imminent U.S. Recession

By Steve Saville

At no time since 1970 has the ISM Manufacturing NOI been as low as it is today, without the US economy being either in recession or about to enter a recession.

The yield curve remains inverted to an extreme. The extreme inversion tells us that monetary conditions have become tight enough to virtually guarantee an official recession.

In conclusion, a US economic recession may have begun, but it’s now more likely that it won’t begin until the third quarter of this year.

Source: investing.com

https://www.investing.com/analysis/lead ... s_headline