Booking Holdings misses. Stock down 7%. Consumer spending plummets post-inflation.

Booking Holdings misses.

Stock down 7%.

The consumer is dead. None of this should be surprising after the inflation we had.

Futures getting slammed pic.twitter.com/WPxz1d289n

— QE Infinity (@StealthQE4) August 2, 2024

The 10 year yield breaks 4%.

They told us things would boom if interest rates dropped.

Wrong again as always.

What the Fed does from here with rates is just catching up with the bond market.

They never saw it as usual but imo they really didn’t have a choice. pic.twitter.com/INsoTXUMLs

— QE Infinity (@StealthQE4) August 2, 2024

See also Consumer imports collapse 36% as Americans pull back and tariffs bite into a weakening economy

See also Any spending is overspending when your debt is already over 100%of GDP. We need to, at the very least, get to a point where we are breaking even. Having such a massive deficit is unsustainable.