“Emergency rate cuts” equals hard-landing recession is inevitable and already underway.
No central bank has ever “emergency rate cut” itself out of a recession. t.co/QP44holn9s
— Uncle Milty’s Ghost (@his_eminence_j) July 7, 2024
Negative growth in Full Time Work.
No false positives in predicting a recession. pic.twitter.com/F7nYdUVqv0
— James E. Thorne (@DrJStrategy) July 6, 2024
The bigger they are, the harder they fall.
My 2c from the June ME Labor Market Report pic.twitter.com/nFt6Fle8KE
— Don Johnson (@DonMiami3) July 7, 2024
The -111k downward revision to April and May payrolls is a big deal. Since the start of 2023, we have seen the data get revised lower 85% of the time. Only once before (in 1986 when the Fed was slashing rates in any event), have we seen this magnitude of payroll revisions to the… pic.twitter.com/4vmgRh6CdQ
— David Rosenberg (@EconguyRosie) July 5, 2024
😳😳
The fifth largest housing investor(Wall St backed) is liquidating properties all over the South.
I’ll post the second part underneath this tweet. pic.twitter.com/tnRFRes5Oy
— QE Infinity (@StealthQE4) July 6, 2024
WARNING: Trucking employment has been declining aggressively
This has been a precursor to recessions since 1991 pic.twitter.com/G6gSloaWFg
— Game of Trades (@GameofTrades_) July 6, 2024
Why the US cannot afford a recession:
At the end of the day, a government is no different than a business. It has costs (expenditures) and it has revenue (tax receipts). Because of the bleak fiscal position of the United States, a recession will act as a margin call on the debt… pic.twitter.com/fReePItfwy
— infra 🏛️⌛️ (@infraa_) June 2, 2024
