Consumers down to $533bn excess savings and still spending like rates are zero… ‘Don’t see a Recession? It’s Last Call at the bar’

“The smart people have already paid the tab and gone home

The remainder will wake up tomorrow with regrets”

Don’t see a Recession?

It’s Last Call at the bar

The smart people have already paid the tab and gone home

The remainder will wake up tomorrow with regrets t.co/jn65YPXxhk

— Amy Nixon (@texasrunnerDFW) July 2, 2023

Economic sentiment (business confidence, consumer confidence), tends to lead capacity utilization…

Capacity utilization is a key driver of underlying inflation pressures –> black line goes down = inflation pressure goes down

(demand destruction as a cure to inflation) pic.twitter.com/tGiv65qWr4

— Callum Thomas (@Callum_Thomas) July 3, 2023

Bad credit is VERY expensive.

The cars below are real purchases by real people.

Check out the interest rates.

(Data via @FullpathCDXP) pic.twitter.com/mHc0xUDSCC

— CarDealershipGuy (@GuyDealership) July 2, 2023

Beware: Bear market probability is at an unprecedented level pic.twitter.com/3zBhAUjNe3

— Game of Trades (@GameofTrades_) July 3, 2023