snowballing

Everything is tightening up, creating a snowballing domino effect.

“US consumers’ outlook on their longer-term financial situation has deteriorated to the worst level in over a decade.” #recession … #GFC2 US #Consumer edition Just a "vibecession", right? 🙃 https://t.co/JkqRlanAj8 — Invariant Perspective (@InvariantPersp1) October 14, 2024 Flows turned negative for HY BofA pic.twitter.com/7sVRTRIzyx — Win Smart, CFA (@WinfieldSmart) October 14, 2024 JUST IN: OPEC …

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US debt is snowballing out of control

at 5% yields, we can say its out of control when interest payments hit 10% of GDP or when debt is 200% of GDP. Which is a decade away atleast. However, if yields rise then we will hit it sooner. Consider Japan, It's debt to GDP is 220%. The inflation rose to 2.6%. If anything… …

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