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

[behappyalways]

Epidemic bailout funds are exhausted and homeless people are emerging in major cities in the United States

疫情紓困金用盡 美各大城市湧現無家可歸街友 TVBS文茜的世界財經周報 20230723 X SHARP

https://m.youtube.com/watch?v=CKfU6Aow8Pc

[winston]

A $5.5 trillion savings wipeout is raising risks for the US economy

by Zahra Tayeb

US personal savings have collapsed by $5.5 trillion since April 2020, spelling trouble for the economy.

Historically high inflation has been the key reason for the decline in American consumers' cash reserves.

With the return of student loan bills, savings and spending levels could worsen.

Source: Business Insider

https://finance.yahoo.com/news/5-5-tril ... 46794.html

[winston]

Deep Recession to Force Full Percentage-Point Fed Cut, DoubleLine Warns

by Anchalee Worrachate

Money markets are already betting on a total 130 basis points of Fed cuts in 2024, but Sherman thinks policymakers will end up being slow to act and then have to unleash the biggest cut since the pandemic struck.

A multitude of economic indicators we look at are flashing either warning or recessionary signals. “By the time they cut, it will be 100 basis points.”

Source: Bloomberg

https://finance.yahoo.com/news/deep-rec ... 24511.html

[behappyalways]

This almost never happens: There's a bifurcation in consumer sentiment amongst the wealthiest group and the bottom tercile...the top tercile's sentiment is soaring while the lower income's is going down. Historically, they've moved in tandem.
Why?
https://twitter.com/davidlin_TV/status/ ... 4485389313

[behappyalways]

Trucking Giant Yellow Ceases Operations
https://www.zerohedge.com/economics/tru ... operations

[behappyalways]

Big Drop In Cardboard Box Sales Scream Recession
https://www.zerohedge.com/economics/big ... -recession

[behappyalways]

Number Of Americans Able To Afford $400 Surprise Bill Slides In Era Of 'Bidenomics'
https://www.zerohedge.com/markets/numbe ... bidenomics

[winston]

Forty-nine percent of Americans have less or no savings than a year ago.

And only 43 percent said they could cover an emergency of $1,000 or more using funds from their savings account.

Source: Bankrate

[behappyalways]

The revenue deceleration at both $AMZN and $AAPL is rather significant
https://twitter.com/Mayhem4Markets/stat ... 4710082560

[behappyalways]

SoCal Warehouse Slump: A Potential Warning Sign For Broader Economy
https://www.zerohedge.com/markets/socal ... er-economy