🇺🇸 US advance real retail and food services sales -2.4% YoY.
Retail sales are flat ahead of #recession. pic.twitter.com/H0lh2sE15j
— Alex Joosten (@joosteninvestor) June 15, 2023
🇺🇸 US larger corporate bankruptcy filings 286 YTD.
Highest since 2010!
(Publicly traded companies with at least $2 million in assets or liabilities and private companies with publicly traded debt with at least $10 million in assets or liabilities.)
H/t: @zerohedge #recession pic.twitter.com/ZlUQuX9zxt
— Alex Joosten (@joosteninvestor) June 9, 2023
#recession … #GFC2 US #CreditCrunch edition https://t.co/oWxOJHgwk4
— Invariant Perspective (@InvariantPersp1) June 17, 2023
#recession … #GFC2 #Commodity edition#Commodities not so sweet 📉 🥶 https://t.co/GwEgAHjJag pic.twitter.com/Ryt9QPeUq9
— Invariant Perspective (@InvariantPersp1) June 15, 2023
This analysis matters for #economists and the #stock #market because #Greedflation, in keeping profits higher for longer, has delayed the #recession. Greedflation, is consequently dampening the magnitude of the current investment downturn. – @albertedwards99 pic.twitter.com/7IxuU0W8ED
— Lance Roberts (@LanceRoberts) June 14, 2023
A Recent Economist/YouGov Poll Found That 52% Believe the Economy Is Getting Worse
President Biden’s economic plans have not effectively tamed inflation. Despite his claims, the cumulative impact of his government spending already surpasses that of any other president this century. The 4% increase in the inflation rate is not a result of his policies, but rather the Federal Reserve’s intervention.
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