Global GDP released – U.S. GDP shrank. China’s manufacturing is rolling over. Mexico barely avoided technical recession. Europe? Artificially propped up…

The latest GDP data just dropped from the U.S., China, Europe, and Mexico… And at first glance?It doesn’t look disastrous.But under the surface — there’s a payback wave building.U.S. GDP shrank.China’s manufacturing is rolling over.Mexico barely avoided technical… — Jeffrey …

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Lowriding! US Personal Savings Lower Than Pre-Covid As Core Inflation Still Hurts At 4.70% YoY (Large Bank Loan Volumes Shrank Last Week As Deposit Outflows Re-Accelerated)

by confoundedinterest17 US personal savings are being exhausted as The Fed raises rates to fight inflation. I call this phenomenon “low riding” where consumers are being punished by The Federal Reserve and Biden Administration. Meanwhile, large bank loan volumes are shrinking. With money-market …

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