US markets about to pop

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Markets Euphoria vs Economic Reality Update

🚩 BLS is about to announce another 650k jobs downward revision on top of the 800k jobs revisions few months ago

🚩Both France and Germany are in a deep political crisis on top of a socioeconomic one and now, when the worst winter month is about to begin, they are about to face a massive energy crisis as a consequence of Ukraine and Russia ending the gas transit agreement through Ukraine to Europe

🚩 Japan is on the verge of being forced to defend the $JPY from imploding again, but this will simply delay the inevitable considering the BOJ is in no position to stop printing money

Narrator: it all feels so bullish 👊🏻


The Recession Wrecking Ball Will Smash the Stock Market to Smithereens in 2025

Take a good look at my new Header (Banner) on X. It is one of the many headlines from the stock market collapse in October 1929. Investors & Traders were complacent then and were in complete shock when the stock market began to crash in 1929. They were blindsided by the top & collapse of the stock market then and traders will be in 2025.

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Human behavior never changes, Investors & Traders are complacent right now and will also go into shock when the stock market begins it collapse in 2025 and the recession starts.

They don’t believe either will happen but recession indicators are warning that recession will take place in 2025. Before it starts, the stock market will top and begin to price in the recession.

In 1928, reporters never thought they’d being writing stories about the 1929 stock market crash with eye-catching headlines of the devastating collapse. Just as the financial media today is completely oblivious to what is about happen in 2025. We will see headlines like this again.

The recession wrecking ball is about to smash the stock market into smithereens, that will destroy the lives of many unsuspecting investors and Traders. Human behavior never changes!

The dam is about to break as US credit card loan defaults soar, experts warn

Experts are sounding the alarm over a new report indicating credit card loan defaults soared this year, warning the dam is about to break on Americans’ record-high consumer debt.

During the first nine months of 2024, lenders wrote off more than $46 billion in seriously delinquent credit card loans, according to a report from the Financial Times citing data analyzed by BankRegData.

That’s an increase of 50% from the first three quarters of 2023, and the highest since 2010.

“High-income households are fine, but the bottom third of US consumers are tapped out,” Mark Zandi, head of Moody’s Analytics, told FT. “Their savings rate right now is zero.”

Pointing to the findings, the Kobeissi Letter declared on X, “The credit card debt bubble is popping.”

The New York Federal Reserve reported last month that Americans’ credit card debt hit another record high in September, climbing to $1.17 trillion during the third quarter and marking the highest level on record in Fed data dating back to 2003.

The report showed total household debt also climbed to a new high of $17.94 trillion, along with balances on mortgages ($12.59 trillion), auto loans ($1.64 trillion) and student loan balances ($1.61 trillion).

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