Independent thinking for complex markets and current events
Retail sales data confirms what many already knew—the economy was juiced to mask deeper problems. Now, as stimulus runs dry, the lower-income consumer is collapsing. The administration’s money-printing spree fueled corruption, not prosperity. Chicago Fed retail sales data shows the consumer hit a wall in January (-.4%) and fell off a cliff in February (-.8%). …
by confoundedinterest17 The US housing market is still suffering a hangover from Biden’s Presidency (high housing prices, high food prices, high inflation, high oil/gas prices, etc.) Housing prices are the highest in history, now we have FHA delinquencies at almost 15%. Way to go, Joe!
Another Biden Miracle: Odds rising on a recession as defaults soar 50% 🤯 https://t.co/h4xXSsJVzE — Peter St Onge, Ph.D. (@profstonge) December 30, 2024 Volatility-based breakout signals risk-off scenario, reminiscent of COVID-19 and 2008 crises. A breakout pattern based on volatility has just triggered a warning signal similar to the one observed during the COVID-19 crash. …