The US Economy Now Has:
1. 63 banks on the brink of default according to the FDIC
2. Over $500 BILLION of paper losses held by banks
3. Declining GDP growth with rising inflation
4. Over 50% of Americans believe we are in a recession
5. Lowest mortgage demand in over 30 years
6. A record $17.7 trillion in total household debt
How is this a "soft landing?"
The disconnect between economic data and consumer sentiment is simply huge.
Most of the data suggests things are "fine" while consumers are struggling.
This is far from an indication of a healthy economy.
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- finde·06-05Good analysis 👍LikeReport