Trillions of dollars of money printing since Covid has created the illusion of a growing economy… in fact, the US economy is in the midst of a depression. Marc Faber warns markets could deflate 50%.

Textbook recession: 2 consecutive quarters of negative real GDP

Textbook depression: 12 consecutive quarters (3yrs) of negative real GDP

🇺🇸 currently in 9th consecutive quarter of negative real GDP ⚠️

— CJK (@CJKonstantinos) August 29, 2024

31% of parents say they are unable to afford back-to-school shopping for their kids this year, per Credit Karma.

— unusual_whales (@unusual_whales) August 29, 2024

Americans are abandoning the megamansions and opting instead for smaller spaces amid rising cost, per NYP.

— unusual_whales (@unusual_whales) August 29, 2024

Banks Borrow 36.6bn $GBP in #BOE short term REPO operation

A couple of pinches less than last week, liquidity doesn’t worsen

Narrator: almost month end, they must have window dressed cash from somewhere else bro 👊🏻 https://t.co/Y1aJHDpjyJ

— JustDario 🏊‍♂️ (@DarioCpx) August 29, 2024