The plan is unfolding before your eyes:
1) "SEC Sues Binance & CEO Zhao for Breaking US Securities Rules"
2) June refill of TGA causing liquidity shortage
3) FedNow network launching in July
4) Regulators increasing bank capital requirements by 20%
5) Collapsing M2 money supply t.co/lLPXMjIwuD pic.twitter.com/39zz4Hrg1h— Financelot (@FinanceLancelot) June 5, 2023
The equal weight S&P 500 just entered its sixth death cross since 2009.
There were no times the S&P 500 didn't implode after. pic.twitter.com/nyZcsbV8c3
— Mac10 (@SuburbanDrone) June 5, 2023
Our recession indicator versus credit spreads.. OUCH!
Is the model right or wrong? The jury is out for H2-2023.
Story -> t.co/eVMfelRBBN pic.twitter.com/JgBOuNSuAt
— AndreasStenoLarsen (@AndreasSteno) June 5, 2023
Single family rental expenses are growing faster than revenues: 6.5% vs 8.0%.
2nd time since our survey started 2 years ago.Source: Members of @NRHCouncil who own 287K rental homes.#jbrec #singlefamilyrental #buildtorent pic.twitter.com/jAAxzlUoSl
— John Burns (@johnburnsjbrec) June 5, 2023
Sky-high prices & sky-high mortgages
Is it any wonder "The housing market has never been this unaffordable for new buyers"
The key question is: "How much longer can today's prices last as more & more buyers tap out?" t.co/zPwO5ir2Q6
— Adam Taggart (@menlobear) June 5, 2023
ISM Services Drops to a Barely Above Contraction Level of 50.3%@menlobear @Gary_Brode @tyillc
kiss goodbye the idea that services will keep the US economy humming.t.co/J1kiSrTuXd pic.twitter.com/9Sd6vf2JXJ
— Mike "Mish" Shedlock (@MishGEA) June 5, 2023