Chicago PMI plummets to 35.4, recession inevitable; households depleted of savings.

June 2, 2024 10:43 am by CWR

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Yes and… pic.twitter.com/42pTh1uI9M

— Nautilus Research (@NautilusCap) May 31, 2024

ALERT: Households are now out of excess savings

Reaching the lowest level in the past 5 years

This is not looking good pic.twitter.com/OMplaq6sgs

— Game of Trades (@GameofTrades_) May 31, 2024

See also 12 months ago, the Federal Reserve predicted a 65% chance of recession occurring in 12 months using the near-term forward spread.

See also US Consumers Savings Are Completely Gone

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