This video clearly explains the upcoming crisis. . .
- Manufacturing remains weak and office buildings remain empty.
- Household savings is gone and household debt is rocketing.
- Debt to income ratio is at an all time high.
- Maxed out credit cards, loan defaults and delinquencies are ballooning.
- Soon, banks will have to tighten lending standards creating a credit squeeze.
- Meanwhile, depositors are withdrawing their money for higher yield and consumers are clamming up.
- Rising inflation and Fed 2% target means fed's foot stays on the brake.
- The market is beginning to realise that the AI rally, falling inflation and the soft landing are all just a load of BS.
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