economy

U.S. Bank lending on the decline! Commercial and Industrial loans slide for two weeks straight. Meanwhile, GDP up 2.4% last quarter? Is it sustainable growth or fueled by mounting debt? #Economy #BankLending #GDP #Debt”

by Dismal-Jellyfish Reminder, while banks have the liquidity fairy, ‘we’ get the promise of 2 more rate hikes this year, Atlanta Fed President Raphael Bostic yet again enrichens himself inappropriately from his position. What I want to talk about this afternoon is–Commercial and Industrial Loans, All Commercial Banks. What are Commercial and Industrial Loans? Commercial and Industrial (C&I) …

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China’s economy is in trouble – and its youth unemployment crisis is at the heart of the problem

via dnyuz: China’s economy is in crisis – and the nation’s youth unemployment problem could be at the root of its current troubles, according to Northwestern University economist Nancy Qian. “To stem the reversal of its economic fortunes, China must address the root of the problem: the lack of high-paying, high-skilled jobs,” Qian said in …

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Bank of America Corp. CEO Brian Moynihan says consumer spending patterns now are consistent with slowing growth in the economy.

via YAHOO: (Bloomberg) — US consumers, particularly those with lower incomes, are running into financial trouble as pandemic savings disappear, a headwind for lenders ranging from banks to asset-backed securities investors. The credit outlook is expected to deteriorate later this year when almost 27 million borrowers have to resume making payments on student loans. Delinquencies …

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Eurozone economy likely to enter severe contraction

But even Services report points to severe contraction in economic activity: – Employment 53.3 (last 54.0)– Export orders 45.3 (48.6)– Price Pressure 60.4 (60.5) pic.twitter.com/zkpiC4vTQM — Mario Cavaggioni (@CavaggioniMario) July 24, 2023 WOW! #Germany's Manufacturing #PMI plummeted to 38.8, which points to outright #recession.Services held above 50.So, is this time different, and will Germany's self-inflicted …

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The US Economy Is In BIG Trouble

https://www.youtube.com/watch?v=1uNlJ5iYaKs Even though banks are failing, big companies are laying off workers, and the stock market has stopped moving, a box of eggs still costs more than twice as much as it did three years ago. No wonder many US people think the economy is in bad shape. So, what is really happening? Stick around …

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Singapore now has the most powerful passport in the world – signifying the tiny nation’s healthy foreign relations and strong economy

via naturalnews: The passport of Singapore has overtaken that of Japan’s as the world’s most powerful passport, according to the Henley Passport Index.   The Henley Passport Index, published every quarter of the year by investment migration consulting firm Henley & Partners, ranks the travel freedoms enjoyed by the regular holders of passports from 199 countries. …

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Shot Through The Heart (Of The Economy)? US Debt UP By Same Amount In Last 4 Years Than It Did In First 221 Years (Minsky Moment When $192 TRILLION In Unfunded Liabilities Hits The Fan

by confoundedinterest17 Shot through the heart (of the economy), and they’re to blame. The Fed and Congress give government a bad name. When I see the faces of Alan Greenspan, Ben Bernanke, Janet Yellen and Jerome Powell, all I think of is …. the Minsky Moment brigade! From Zero debt in 1776 to $21 trillion in …

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Biden claims we’ve got the best economy in history?

Washington, DC’s Union Station is a ghost town. But Biden claims we’ve got the best economy in history? pic.twitter.com/prfneiH0Xh — @amuse (@amuse) July 19, 2023 US business bankruptcies are at the fastest pace since 2010, per Bloomberg: pic.twitter.com/QeFJrI9hu8 — unusual_whales (@unusual_whales) July 19, 2023 probably nothing pic.twitter.com/mfr9bJlQoP — Hedgeye (@Hedgeye) July 19, 2023

Economy Minister Says the Ukraine Needs 4.5 Million Foreign Workers in the Next 10 Years

by Chris Black During the war, the Ukraine has lost almost half of its 40 million population (the figure is prior to Russia invading). Therefore, the obvious solution is to flood the place with immigrants. Kyiv Independent: Ukraine will have to attract additional 4.5 million employees to the labor market over the next 10 years …

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Tech Companies Have Laid Off More Than 219,000 Workers In 2023. But Don’t Worry, Because Biden Says The Economy Is Fine.

by Michael If you want to believe that propaganda that is coming from the Biden administration, you probably won’t want to read this article.  Joe Biden insists that “Bidenomics” is working and that a wonderful new era of peace and prosperity is just around the corner.  Meanwhile, inflation is out of control, homelessness is rising to very …

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‘Helping Zelensky is best stimulus for global economy’…

Doubling support for war-torn Ukraine is the “single best thing” to help the global economy. Source: US Treasury Secretary Janet Yellen said on Sunday, 16 July, speaking on the sidelines of the G20 Finance Ministers’ Summit in India, as reported by European Pravda, citing AFP. Details: Yellen said a “key priority” is to “redouble our …

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U.S. Economy in a Snapshot Overview of the July 2023 Snapshot: Q1 GDP Growth Slows but Remains Solid, Driven by Consumption, Government Spending, and Net Exports; June Sees Solid Payroll Growth and Slight Drop in Unemployment; Food-at-Home Index 25% Above its 2019 Average.

by Dismal-Jellyfish   https://www.newyorkfed.org/medialibrary/media/research/snapshot/Snapshot_July2023.pdf Overview of the July 2023 Snapshot GDP growth slowed: Q1 GDP was about .5% below what it would been if since Q42019, it grew at a rate close to long-term forecasts. Consumer real spending on services up 2.6%—still greater then 2%… Average hourly earnings up 4.4% in June. The employment-to-population ratio for …

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One Bubble Is About to Pop…and No One Is Talking About It, Office space and its effects on the economy and cities

The Biden administration, the media, Democrats, and Republicans are all either willfully ignorant or blithely unaware of the looming economic crisis that’s about to hit. Inflation is part of the problem, but we’re going beyond job creation reports and the fallout from Silicon Valley Bank. It’s a crisis that could cause all the dominoes to …

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There Goes The Economy! US Producer Prices Approach Deflation With 0.1% Annual Rise (US Dollar Down -8.2% Since Sept ’22 As Fed Tightens The Noose) Silver UP >2% Today!

by confoundedinterest17 There goes the economy! As The Federal Reserve is poised to continue it inflation-fighting crusade, the US economy is rapdily approaching DEFLATION. US Producer Price Index FINAL DEMAND fell to 0.1% YoY in June. Bidenomics, the combination of insane monetary stimulus and insane directed Federal spending towards going green at all costs, is …

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‘YOLO’ spenders are propping up the economy —but they’re about to run out of cash

According to Wharton professor Jeremy Siegel, the U.S. economy appears to be “progressing smoothly, with a resilient consumer impervious to the impact of higher borrowing costs.” These spenders are the “YOLO (you only live once) consumers” who, Siegel believes, are spending the last of their cash reserves on traveling and enjoying the summer. (Bill Gross) …

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An ominous sign for the global economy…

China is showing signs of weakness, an ominous sign for the global economy: China 1-year government bond yield ⬇️ China large-cap ETF ⬇️ Copper price ⬇️ pic.twitter.com/oQA1uNfnsj — Bravos Research (@bravosresearch) July 11, 2023 China’s $77 Billion Bank Rout Shows Who Pays Price for Rescues A Bloomberg Intelligence stock index of Chinese lenders has tumbled …

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Leading economic indicators point to a worsening economy; Economy relies on credit; expensive credit impacts.

Despite the markets moving higher, leading economic indicators point to a worsening economy Current levels are comparable to those seen during: – Dot Com bubble– Financial Crisis– C-19 pic.twitter.com/puopTVKU12 — Bravos Research (@bravosresearch) July 10, 2023 An economy that runs on credit is about to find out what happens when credit is expensive https://t.co/Y9H8W1Nqxk — …

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So the economy is about to crash? Jim Cramer predicts an ‘economic wave’ will soon hit the US — and it will be ‘fantastic for investors.’

Jim Cramer, host of CNBC’s “Mad Money,” is no stranger to bold claims. In fact, his energetic and boisterous style is a key part of his long-running TV show. Now, the notorious stock picker has made another bold and controversial claim. “An economic wave is about to hit that will be fantastic for investors,” Cramer …

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US economy may face turning point due to consumer savings depletion.

Consumer savings are expected to run out by Sept 2023 This might be the turning point for the US economy A thread 🧵 pic.twitter.com/ZG1EkeDirO — Bravos Research (@bravosresearch) July 5, 2023 3/ Hard economic data indicates the U.S. has so far avoided a recession, with yearly economic production remaining positive pic.twitter.com/OS44wBg44i — Bravos Research (@bravosresearch) …

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