Jamie Dimon believes U.S. debt is the ‘most predictable crisis’ in history
And experts say it could cost Americans their homes, spending power and national security - Fortune Source: Markets & Mayhem
“Super Sick Monday"
16.1 million U.S. employees will be completely absent from work today following Super Bowl Sunday, according to this year’s research from UKG. In 2023, nearly 18.8 million employees said they planned on missing work on Super Bowl Monday. However, 6.4 million further employees plan to come to work late, another 11.2 million are unsure of whether they will come to work, and around 6.4 million will decide what to do on the day. The number jumps up for U.S. employees who plan to miss at least some work on Monday, reaching around 22.5 million employees – 14% of the U.S. workforce. The research also finds six million employees have not yet notified their employers and will call in sick on the day or simply ‘ghost’ their employer on Monday. source : The Harris Pol, UKG Workforce Institute
In an US election year, the spread between “Job Creation” and job “approval rating on the economy” has NEVER been wider...
Source: Mohamed A. El-Erian
Another wave of early retirements is hitting as the stock market surges
This complicates the Fed's goals for the labor market to some degree, as it means there are more exiting the workforce. There's already 1.45 jobs available for every unemployed person seeking work. Source: Bloomberg, Markets & Mayhem
Americans now have a combined $1.13 Trillion of credit card debt, according to a new report from the Federal Reserve Bank of New York
source : cnbc
New York Fed's Household Debt and Credit Report
Total household debt climbed by $212 billion in the fourth quarter of 2023 to $17.5 trillion, the New York Federal Reserve said in its latest quarterly Household Debt and Credit Report. Amid the rise in debt, delinquency rates and the transition into troubled status were both higher. source : cnbc
India vs. China
Source: Michel A.Arouet
That’s an amazing trend. What is driving it?
Source: Michel A.Arouet
