Billionaire investor Ray Dalio is watching closely the “risky” U.S. fiscal situation
“We’re going to have a debt crisis in this country (...) How fast it transpires, I think, is going to be a function of that supply-demand issue, so I’m watching that very closely.” Dalio is concerned there are more headwinds for the economy than just high debt levels, saying growth could fall to zero, give or take 1% or 2%. “I think you’re going to get a meaningful slowing of the economy,” Dalio said. Source: CNBC
“Soft Landing” is still the consensus. But consensus doesn’t have a good track record...
Source: Game of Tardes
Housing | According to Bankrate.com‘s data, US 30-Year fixed-rate mortgage reached 7.78%, the highest rate since August 2000
*This situation is expected to have a significant effect on closed sales from September to November. Source: C.Barraud
US national debt 23 years later...
Source: Mayhem4Markets
Do you remember what Larry Summers said last year about soft landing?
This story of second marriage and the triumph of hope vs. experience seems to find an echo at the FED level...
The business outlook in Germany has improved slightly amid a shrinking economy
Source: Bespoke
Bankruptcy filings have recently reached levels on par with the 2008 Great Recession and the 2020 COVID-19 pandemic
This indicator often suggests that the economy isn't performing well, and has historically always been followed by massive stock market crashes. Source: whalewire
Maybe this is why Powell said that a soft landing is not the core scenario...
Recession confirmed?
