A wave of corporate debt refinancing over the next 6 months will spark a recession in 2024 warns Fidelity International
Source: Barchart, Bloomberg
Less can be more
By PsycheWizard
Highest paid CEOs in the US
Source: Visual Data, data_rep, u/statZwiki)
US National Debt has now increased by $1.45 trillion since the debt ceiling was suspended 3 months ago and is fast approaching $33 trillion
In the past five years the national debt has increased by 53%, from $21.4 trillion to $32.9 trillion. Source: Charlie Bilello
The importance of nominal growth
Source: Barchart
The US mortgage to income ratio (% of disposable income needed to cover the cost of a mortgage) is at its highest level in history
Source: Barchart
Is wage pressure in the US here to stay?
A highlighted by Tavi Costa, the word "strike" recently surged to record levels on Google trends. This surge implies a growing pressure among workers to secure improved compensation deals with their employers. Labor strikes are becoming a regular occurrence in society, reminiscent of their prevalence in the 1970s. The rising cost of living is placing significant pressure on wages to rise. Source: Crescat Capital, Google Trends
Despite surging mortage rates, US home prices are RISING to ALL-TIME-HIGHS
Higher rates are having an INVERSE effect on price. Rather than prices falling with higher rates, they are actually rising. Why is this happening? As explained by The Kobeissi Letter, as rates rise, existing home sales are falling, now down 16.6% at their lowest since 2010. Borrowers are locked-in to sub-3% mortgages and do not want to sell their homes to get a 2.5x higher rate. We need LOWER rates for LOWER prices... Truly a historic occurrence... Source: FRED, The Kobeissi Letter
