Warning: Bank credit is offically contracting
This has only happened during the Financial Crisis
Buckle up pic.twitter.com/QpF0evOdNs
— Game of Trades (@GameofTrades_) October 4, 2023
"Consumers are spending less on going out to eat because of miracle weight loss drugs like Ozempic."
No you fucking idiot it's because they have over a trillion in credit card debt and an Applebee's meal costs $60 a person.
Few understand this.
— Michael A. Gayed, CFA (@leadlagreport) October 5, 2023
U.S. Mortgage Rates surpassed 8% this week for the first time in more than 23 years 🚨 pic.twitter.com/hha6FTuwsB
— Barchart (@Barchart) October 5, 2023
*via Reuters – US economic activity was either weaker or not as strong as first estimated in each of the first Qs of 2020, 2021 and 2022 amid downgrades mostly to consumer spending
So what are the chances 2023 (which just saw a huge consumer spending revision for Q2) is the same pic.twitter.com/Fkuydl9Ch0
— Adem Tumerkan (@RadicalAdem) September 30, 2023
🔴 MOODY’S: WE EXPECT US CONSUMER SPENDING GROWTH TO SLOW IN THE COMING MONTHS.
— Breaking Market News (@financialjuice) September 27, 2023