Wages haven’t really kept up. Think most of the market is smoke and mirrors and resembles the run up during corona virus to me.
People are poor.
We are seeing more and more people living paycheck to paycheck to make ends meet. People fall back on credit cards to get by.
Credit is starting to become an issue.t.co/FbKzjvJmC1
— Wall Street Silver (@WallStreetSilv) August 31, 2023
Bank deposits continue to contract at an unprecedented rate pic.twitter.com/K3NPAyri8e
— Game of Trades (@GameofTrades_) August 31, 2023
‘TAPPED OUT’: America’s $1 Trillion Credit Card Debt Is NOT a Good Thing
A ridiculous MSM story today actually argued that $1 trillion of U.S. consumer credit card debt is a positive sign for U.S. consumers.
We prefer to report reality and truth.
“We’ll get chastised for being… pic.twitter.com/RedIJNVJUB
— Hedgeye (@Hedgeye) August 31, 2023
Job-cut announcements triple in August: Challenger
S&P still on track for the last rally. t.co/C7mzDrY63y pic.twitter.com/jh3icpRDC7
— Financelot (@FinanceLancelot) August 31, 2023
This chart is something investors should keep a close eye on
The 10-year Treasury yield has broken out of its long-term downtrend
Driven by inflationary pressures in 2022/23 pic.twitter.com/5VwBQ0dano
— Game of Trades (@GameofTrades_) August 31, 2023
h/t Googs22