Businesses' ability to pay back credit has been getting worse
Global credit downgrades have gone up while banks have been making it harder to get loans pic.twitter.com/HHO0eNTsva
— Bravos Research (@bravosresearch) August 1, 2023
Beware: Interest rates are now at levels seen during the peak of the 2007/2008 Financial Crisis pic.twitter.com/MPaduAwnRX
— Bravos Research (@bravosresearch) July 31, 2023
On the other side of that equation, demand for C&I loans remains firmly at recession-warning levels (2/5). pic.twitter.com/WjKs1PJKN6
— Longview Economics (@Lvieweconomics) August 1, 2023
Perhaps unsurprisingly banks also reported tighter lending standards in the CRE space (4/5). pic.twitter.com/g0vfcjnCMb
— Longview Economics (@Lvieweconomics) August 1, 2023
Recession? What recession?
Earlier this month, Packaging Corp. of America reported that cardboard box sales fell 9.8% in the second quarter. That ranks as one of the biggest slumps on record when you combine it with the 12.7% drop in Q1.
According to a report by FreightWaves… pic.twitter.com/iNcCwXNtwu
— Wall Street Mav (@WallStreetMav) August 1, 2023
Which do you think is coming?
Soft landing (no recession or light recession)
Versus
Hard Landing (Deep recession / Depression) https://t.co/JlwI57WChX
— Wall Street Mav (@WallStreetMav) August 1, 2023
Welcome to August bulls. pic.twitter.com/EKP4CwymU1
— Mac10 (@SuburbanDrone) August 1, 2023
When we are confronted by pundits who are constantly wrong but still believe they are right, we have to go with fact over opinion.
Knowing that in the short-term we will get stampeded by useful idiots running off a cliff. pic.twitter.com/4VdW4PD7kP
— Mac10 (@SuburbanDrone) August 1, 2023