Analysts are repeating the same mistake made during the 2008 Financial Crisis by revising earnings upwards despite a contraction in leading economic indicators, raising major warning signals. The US is experiencing deficit spending near 10% of GDP, reaching levels last seen in 2008, yet the Fed maintains that there is no recession in sight, leading to questions about the reasons behind such high spending levels, creating uncertainty in the market.
Analysts are repeating their 2008 Financial Crisis mistake.
Despite a sharp contraction in leading economic indicators, earnings are being revised upwards
This is a major warning signal pic.twitter.com/naGgtkRAce
— Game of Trades (@GameofTrades_) September 24, 2023
US deficit spending is nearing 10% of GDP and nearly at 2008 levels.
However, according to the Fed we are not in a recession and we will not see one.
Deficit spending in the US as a percentage of GDP is now the biggest it has been outside of a war or recession since 1960.
As a… pic.twitter.com/CyBFLnL9fV
— The Kobeissi Letter (@KobeissiLetter) September 24, 2023
GLOBAL 🌎 QUANTITATIVE
TIGHTENING pic.twitter.com/d9hgEqIbYd— Win Smart, CFA (@WinfieldSmart) September 25, 2023
2 year pic.twitter.com/mhkqIjYfP3
— Win Smart, CFA (@WinfieldSmart) September 25, 2023
– U.S debt hitting record high
– Possible government shutdown
– Quantitive tightening— Genevieve Roch-Decter, CFA (@GRDecter) September 25, 2023
One of the biggest idiots on planet earth. t.co/c5jVxHxO7U
— Catturd ™ (@catturd2) September 24, 2023