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Americans are feeling dreary about the economy, even though data shows it’s booming.
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Biden’s economic agenda has meant real changes for many Americans, like clean water and internet access.
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The changes aren’t as visible as, say, broad student-debt relief, no one seems to care.
BIDENOMICS: Real wages down 3.1% since Biden took office. t.co/KrFfq8MYZe
— @amuse (@amuse) September 17, 2023
Demand for second homes is now down 47% from pre-pandemic levels.
In October 2020, demand for these same hopes as up an incredible 89% from pre-pandemic levels.
Furthermore, demand for primary homes is down 33% compared to pre-pandemic levels.
This comes as mortgage rates are… pic.twitter.com/SVEbt3avac
— The Kobeissi Letter (@KobeissiLetter) September 17, 2023
Living paycheck to paycheck.
Just working to survive on edge.
😳— Wall Street Silver (@WallStreetSilv) September 17, 2023
*via S&P – The global corporate default tally jumped to 107 as of Aug. 31, w/ 16 defaults in Aug, the highest Aug monthly tally since 09
Media and entertainment defaults, so far in 2023, are 6x higher YoY
Debt defaults by US companies surged 176% in the first 8mos
Fragility 🧐 pic.twitter.com/0tZAfWs4fz
— Adem Tumerkan (@RadicalAdem) September 16, 2023
h/t Simian_Stacker