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

[behappyalways]

Newsom's California: Flash Mob Robs, Ransacks Bay Area Mini-Mart, Causing $100,000 In Damage
https://www.zerohedge.com/markets/newso ... 000-damage


Nearly a hundred people ransacked a supermarket for 40 minutes.
It took 9 hours for the police to arrive.
Public security in California is worrying.
20 people ransacked a jewelry store and only 5 were arrested.
Public security in Oakland was a red light.
Fast food operators have closed their stores to protect themselves.
近百人洗劫超商40分鐘 警察竟9小時後才到 加州治安堪憂 20人洗劫珠寶店僅5人被捕 奧克蘭治安亮紅燈 速食業者紛紛關店自保│記者 許少榛 │【國際焦點】20240710│三立新聞台
https://m.youtube.com/watch?v=sNQD9wBfBG0

[winston]

I’m Rooting for a Recession

by Brett Owens

Nobody wants to talk about it, but the U.S. stock market is – by many historical metrics – overpriced… and getting worse every week.

The S&P 500’s historical mean is 15x. Today though? It’s trading nearly double at 28x.

I’m not saying a crash is imminent, mind you. Macro valuations can and have stayed elevated for years.

Source: Contrarian Outlook

https://dailytradealert.com/2024/07/12/ ... recession/

[winston]

Corporate Bankruptcy Filings Surge In June (S&P Global)

What’s our take?

Higher interest rates, supply chain issues and slowing consumer spending, continue to weigh on struggling companies.

The 346 filings so far this year are higher than any comparable period in the last 13 years.

The consumer discretionary sector seems to be struggling the most, with 55 filings compared to 40 in healthcare and industrials, and 20 in information technology.

If interest rates, supply chains and slower consumer spending remain, the second half of the year may show more of the same.

Keep this in mind for these sectors, and any highly indebted companies.

Source: Simply Wall Street

[behappyalways]

Sacramento Threatens To Fine Target For Reporting Retail Thefts
https://www.zerohedge.com/political/sac ... ail-thefts

[behappyalways]

Auto Insider Warns More Americans Fall Behind On Car Payments As Repos Soar 23%
https://www.zerohedge.com/markets/auto- ... os-soar-23

[winston]

Big Banks Earnings Show Signs of Consumer Slowdown (AP News)

What’s our take?

After 2 years of banks benefiting from higher interest rates, we’re starting to see that consumers are reaching their limits in this environment.

Provisions for bad loans, rising delinquencies, reduction in loan growth, sluggish growth on credit card spending and adjusted profits falling are all signs that consumers are reducing their spending, or struggling with their repayments.

Chris Stanley, a banking industry practice lead at Moody’s said: “Higher-for-longer interest rates, persistently high housing prices, softening used vehicle values, and signs of a cooling labour market merit focused scrutiny from the banking sector.”

While interest rate cuts may be on the horizon (which we’ll cover in a second), that may not be enough to encourage consumer confidence or help their financial situations, especially since banks typically don’t pass on the cuts to consumers immediately.

Source: Simply Wall Street

[behappyalways]

Another America You Don’t Know
How poor is the United States? 12% of people rely on food stamps

你不認識的另一個美國 美國有多窮？12%人民仰賴食物券 TVBS文茜的世界周報 20240728

https://m.youtube.com/watch?v=y-jLP25c5 ... ACAQ%3D%3D

[behappyalways]

"Travel Trends Deteriorating" As Consumer Downturn Worsens
https://www.zerohedge.com/markets/trave ... rn-worsens

[behappyalways]

San Fran Man Robbed Thousands Of Dollars Of Equipment From FBI Truck, Traded It For $20 In Meth
https://www.zerohedge.com/markets/san-f ... it-20-meth

[winston]

5 Signs That The US Is Collapsing

by Tyler Durden

1. A House Divided
2. Violence Is The New Protest
3. The Country Is Falling Apart
4. Morals Are Decaying
5. We’re Going Broke

Source: Zero Hedge

https://www.zerohedge.com/political/5-s ... paign=3010