The Financial savings Fee within the US has moved all the way down to 2.3%, the 2nd lowest stage on report with information going again to 1959 (lowest was 2.1% in July 2005).
Charting through @ycharts pic.twitter.com/fcxolzxU4y
— Charlie Bilello (@charliebilello) December 2, 2022
The Collapse: The Deflating of the Nice Money Cushion
It might be essentially the most predictable recession in historical past. Economists count on the US economic system to contract since at the very least April, shortly after the Federal Reserve started elevating rates of interest. However a bit like Judo, she has but to seem. Belief the money cushion to American shoppers and companies constructed in the course of the pandemic. However that may ultimately go away, after which the economic system will collapse.
Blackstone REIT Restriction a Attainable Warning Signal for Markets
Whereas there was little wider fallout from this week’s surge in redemption requests at an unlisted Blackstone actual property earnings belief (REIT), it’s being learn by some as a warning signal.
Credit score Fund Outflows in 2022 Unwind Final 12 months’s Inflows: BofA
Buyers have withdrawn $316 billion from credit score funds this yr, unwinding the entire earlier yr’s inflows, BofA World Analysis mentioned in a observe on Friday.
One other Sturdy Jobs Report? It’s Phooey, and I Can Show It
Amazon layoffs now anticipated to mount to twenty,000, together with prime managers
Roubini Warns “The Mom Of All Financial Crises Looms”
World GDP progress charges
h/t Boo_Randy
