With tens of trillions more in debt … oh boy is different!
— Timbo (@Timboo) October 29, 2023
Since QT started, stocks have been on their own, after having been babied by the Fed since 2008. And it’s not working out 🔥
The Nasdaq Composite closed on Friday at 12,643, down 22% from the peak in November 2021, and back where it had first been on December 16, 2020.
Despite… pic.twitter.com/1M5jEwyGYr
— Wall Street Mav (@WallStreetMav) October 29, 2023
https://twitter.com/joosteninvestor/status/1718653564136882431
Warning: Helicopter money post-pandemic has run out
US fiscal expenditure saw its deepest contraction in a decade
The economy has its limits, and if pushed too far, something will break
Given the system’s fragility, it’s only a matter of time before fiscal spending increases… pic.twitter.com/9V9A9rdfDw
— Bravos Research (@bravosresearch) October 29, 2023
— The Coastal Journal (@1CoastalJournal) October 26, 2023
Just about everyone is adjusting to shock of higher interest rates, including the US government.
Borrowing costs have doubled for Federal debt and continue to rise.
We are paying for the "free" money we had.
Follow us @KobeissiLetter for real time analysis as this develops.
— The Kobeissi Letter (@KobeissiLetter) October 29, 2023
This kind of situation cannot sustain itself. Something will eventually fall
What happens next, do rents jump 50% or do prices collapse? 🚨🚨🚨
Historically, monthly mortgage rates have cost the same or less than monthly rent payments on an apartment — which had been the case from 1996 to mid-2003 — since owners tend to put more cash into their homes… pic.twitter.com/4aXNqxrtI6
— Wall Street Mav (@WallStreetMav) October 28, 2023