Japan’s July flash PMI shows expansion despite manufacturing contraction, highlighting crushing debt—warning for the US.

Japan's Jul flash composite PMI shows return to expansion though manufacturing remains in contraction; they are so laden w/ unbelievable debt loads that any attempts to prop up their currency are crushing their economy – this is where the US is headed, so take heed… pic.twitter.com/fsmz1z7Dif

— E.J. Antoni, Ph.D. (@RealEJAntoni) July 25, 2024

Lower interest rates will help but the real damage is done with insurance and taxes. Then of course everything else in life getting absurdly more expensive that takes away from buying power towards homes.
Things are broken beyond repair right now. Lag effect catching up. t.co/V52XVVJ356

— MichMash (@MichMash20) July 25, 2024