deterioration

The actual economy and the financial system are both in a state of rapid deterioration.

The financial health of the American system is notably troubling across multiple fronts. Delinquency rates on commercial real estate loans have reached their highest levels in a decade. Bank stocks in the U.S. are faltering, hitting all-time lows when benchmarked against the S&P 500. Jamie Dimon and family are planning to divest $141 million in …

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US spends 44% of GDP annually, comparable to World War 2, indicating fiscal deterioration and unsustainable government spending, surpassing 2008 levels.

Since the debt ceiling crisis, the US has already added nearly $1.5 trillion in debt. Meanwhile, tax receipts are down sharply this year. We are spending more and making less, a recipe for disaster. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) August 6, 2023 US Government To …

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