US National Debt Hits $32 Trillion, up $572 billion since Debt Ceiling Suspended. How Are You Preparing For The Recession?
Source: Wolf Street h/t BoatSurfer600
recession
‘We are in a recession based on the definition they used last year.’
Last year, the Biden administration claimed two quarter of negative GDP didn’t mean we are in recession. Their argument was that other data like GDO (Gross Domestic Output) were still positive. We are in a recession based on the definition …
Treasury Curve Points to Renewed Worries on Fed-Driven Recession (Yield Curve Approaching Recent Inversion Peak Reached In March)
by confoundedinterest17 61% of Bloomberg terminal respondents (including me, by the way) see Fed hikes leading to recession. Bond traders are stepping up wagers that the Federal Reserve will steer the US economy into a recession. Policy-sensitive front-end Treasuries led …
World Wide Recession Incoming
by BoatSurfer600 June 14 (Reuters) – Canadian media and telecom firm Bell is cutting 1,300 jobs, shuttering six radio stations and selling another three as revenues dry up at its legacy phone and news business, parent company BCE Inc (BCE.TO) …
Great Recession 2.0? Americans pull hundreds of billions out of banks at fastest pace in four decades
via naturalnews: Americans are pulling hundreds of billions of dollars out of banks at the fastest pace in nearly 39 years as many economic experts are beginning to predict a repeat of the 2008 “Great Recession.” According to an analysis …
Bond managers predict a “nasty” recession, advising hedging risk assets.
Bond Investors Say a “Nasty” Recession in the U.S. Is Inevitable According to some of the world’s biggest bond managers from Fidelity International to Allianz Global Investors, the United States is heading for a recession. They’re sticking to their forecasts …
Recession cancelled. People are still spending money like it grows on trees
by 36Taylor36 I live in western ny and just visited my sister camping in a rural poor area and its $75 a day to camp there (normal price is like $45) and the sites were packed almost full. People somehow …
15 Fast Food Chains Closing Stores This Summer… Fast-food Chains Are Taking Drastic Measures To Survive The Recession, Including Mass Store Shutdowns And Child Labor Violations.
Popeyes, Chick-fil-A, and other fast food chains are facing financial challenges due to lower sales, higher costs, and supply chain disruptions. Popeyes is closing locations and Chick-fil-A is closing its first-ever restaurant. With Americans eating out increasingly less to save …
Are Americans living through a recession and being lied to about it?
by PrisonForYourMind A recession used to be defined as two consecutive quarters of negative GDP growth. This happened last year. However, the elites did not call it a recession because there was low unemployment rate. Some of the usual warning …
Euro Zone Already in Recession
by Chris Black Are you tired of winning, Europoors? THE IMPACT OF THE ENERGY CRISIS: The euro zone entered into a mild recession in 1Q 2023, as revised data showed a 0.1% q-on-q contraction during the period, following an also …
Early signs of cooling labor market. US jobless claims surge, jobs lower, Europe enters recession.
Early signs of cooling labor market. Might take time, but its happening.$TLT and $GLD back in action. Also closely look at the steepening of curve, that is the most important thing to watch now. pic.twitter.com/P52O05Lisu — The Macro Guy (@SagarSinghSetia) …
The eurozone has entered a technical recession, signaling a loss of growth momentum.
The eurozone contracted for two consecutive quarters, data out Thursday shows, meaning it has entered a technical recession, signaling a loss of growth momentum in the single currency area buffeted by energy shocks, war, inflation, and monetary tightening. Eurozone GDP …
How long it has taken in prior instances for recession to follow inversion, compared to where we are now
by FATPEPPAPIGGAMER420 It looks like the 10-year Treasury Constant Maturity Minus 3-Month Treasury Constant Maturity is inching closer to an inverted yield curve. This typically happens before a recession, so the Fed may start cutting rates soon.
New orders for manufactured goods increased, breaking ‘Full-Employment Recession’ narrative.
by Dismal-Jellyfish https://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf Highlights: New orders for manufactured goods in April, up four of the last five months, increased $2.6 billion or 0.4 percent to $577.5 billion, the U.S. Census Bureau reported today. This followed a 0.6 percent March increase. …
This weeks changing definition of recession: ‘Full-Employment Recession’
by Dismal-Jellyfish Source: https://www.wsj.com/articles/get-ready-for-the-full-employment-recession-bc9937a5 Federal Reserve Alert! Get ready for a new ‘recession’ definition! From today’s Fed beige book – May 31, 2023: “Demand for transportation services was down, especially in trucking, where contacts reported there was a “freight recession.”” …
Sweden indicates early signs of deep recession. Global growth is rapidly slowing
by BoatSurfer600 Some of the countries in Europe whose economies have a high share of manufacturing are witnessing enormous contraction in cyclical activity. Higher interest rates are taking a toll on economic activity. Source: Sagar Singh LinkedIn With China's economy …
Can the FED really lower rates this recession?
by watifurdadpulledout I know the Fed has loaded its chamber with 5.25% of interest rate hike and maybe 50bps more are coming over the next couple months. But the Core Inflation rate is still at 5.25%. The last CPI came …
Germany falls into RECESSION amid high energy prices and drop in consumer spending
via naturalnews: Germany, home to Europe’s biggest economy, has now fallen into a recession as consumer spending drops in the wake of higher energy prices. During the first quarter of the year, the company’s GDP dropped by 0.3 percent, following …
High Probability Recession Hits U.S. in Late 2023
Top Chart: Over the past +50 years, the inversions of the 50 day SMA of the 10 year treasury rates minus the 50 day SMA of the 3 month treasury rates have all preceded the start of a U.S. …