"US data consistency surprising to the downside since May has re-kindled recession concerns among US credit investors."
– BofA Seliger pic.twitter.com/I4Wkn40UWg
— Daily Chartbook (@dailychartbook) July 29, 2024
"The US economy is slowing, which is just fine with the Fed," per Bloomberg.
— unusual_whales (@unusual_whales) July 29, 2024
BREAKING: Personal saving rate declined to 3.4% in June, lowest level since December 2022.
Besides 2022, the saving rate is at the smallest level since the 2008 Financial Crisis.
The percentage of Americans' income left after they pay taxes and spend money is historically low. pic.twitter.com/YJrpm0KBfY
— Global Markets Investor (@GlobalMktObserv) July 29, 2024
Recession fears in the US are growing:
The Sahm Rule is an economic indicator suggesting a downturn once the unemployment rate increases 0.5 percentage points above its previous 12-month low.
In previous business cycles, every time this indicator crossed above the 0.5%… pic.twitter.com/qWe55DYlI7
— The Kobeissi Letter (@KobeissiLetter) July 29, 2024
U.S. Personal Saving as a % of Disposable Personal Income pic.twitter.com/zHsdhu8Als
— Win Smart, CFA (@WinfieldSmart) July 29, 2024