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

[behappyalways]

If Everything Is So Great, Why Are Millions Of Americans Sleeping In Their Vehicles?
https://www.zerohedge.com/personal-fina ... r-vehicles

[behappyalways]

If Everything Is So Great, Why Are Millions Of Americans Sleeping In Their Vehicles?
https://www.zerohedge.com/personal-fina ... r-vehicles

[behappyalways]

48% Of NYC Bus Riders Don't Pay Fares
https://www.zerohedge.com/markets/48-ny ... -pay-fares

[behappyalways]

There is no end to the homeless in California!
After clearing the area with an iron fist, a new batch has arrived

加州趕不完的街友! 鐵腕清場後 又來一批新的｜十點不一樣20240828

https://m.youtube.com/watch?v=oHtY9_QknOo

[winston]

Corporate hiring plans and/or job cuts

U.S.-based employers announced 75,891 cuts in August, a 193% increase from the 25,885 cuts announced one month prior. It is up 1% from the 75,151 cuts announced in the same month in 2023...

U.S. employers have announced 79,697 hiring plans, down 41% from the 135,980 plans recorded through August last year. The year-to-date total is the lowest since Challenger began tracking in 2005.

The previous lowest total through August occurred in 2008, when 80,387 hiring plans were announced.

Source: Challenger, Gray & Christmas

[winston]

U.S. manufacturing

A key barometer of U.S. factories was negative for the fifth straight month, signaling the manufacturing side of the economy is still in a deep slump that might not end until after the presidential election.

The Institute for Supply Management’s manufacturing index edged up to 47.2% from an eight-month low of 46.8%.

Numbers below 50% signal the manufacturing sector is shrinking.

Source: MarketWatch

[winston]

U.S. Bankruptcies

U.S. corporate bankruptcy filings surged in August, according to S&P Global Market Intelligence.

The rating agency reported that 63 corporate bankruptcies were filed in the month, up from 49 in July, pushing the total through the first eight months of the year to 452 filings.

By comparison, there were 466 bankruptcies in the first eight months of 2020, when companies were grappling with the effects of the onset of the pandemic, S&P noted.

Source: Investment Executive

[behappyalways]

Must not let the economy slow down into the election...
Hang on, here's an idea!
https://x.com/zerohedge/status/1834406296847618136

[winston]

The Economy May Be in Worse Shape Than It Appears

By David I. Kranzler

If the economy were “in a good place” the Fed would not have needed to start a rate-cut cycle with a 50 basis point cut.

In fact, given that the Fed has access to better data than the public, it’s likely that the economy is in worse shape than is discernible from the private sector reports.

The bottom line is that the economy is in trouble both with respect to the declining level of economic activity and the overall level of debt at every level of the economy – public, corporate, and household. Furthermore, an increasing percentage of that debt is becoming distressed.

About 10 million borrowers – or 25% – of student loans are behind on payments as of the end of January. About two-thirds of them were more than three months behind.

Source: investing.com

https://www.investing.com/analysis/the- ... s_headline

[behappyalways]

America's Homeless Population Reaches Record High Under Biden-Harris Admin
https://www.zerohedge.com/personal-fina ... e_vignette