The Economy is the Consumer!
And the Consumer is struggling.
When the Consumer slows spending (due to high Interest Payments) the Economy rolls over and falls into a Recession despite the Fed's attempts to ensure "Soft Landing" through Rate Cuts etc.
This is the Business Cycle!
Personal Interest Payments as %-age of Disposable Income has soared.
Retail Sales is flat-lining - as we have seen before previous Recessions.
Credit Card Delinquencies are rising fast And we have multiple Recession Indicators flashing!
A massive Recession will set in late 2024 (only to be recognized in 2025)
No! The Fed cannot save this. In fact, the Fed is more late than before The Financial Crisis.
BUT FIRST...... #BLOWOFFTOP!
https://x.com/HenrikZeberg/status/1813845193294025199
The Economy is the Consumer! And the Consumer is struggling....
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