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An intentional leak to give markets further hope?
Source: Adam Taggart @menlobear on X
The Atlanta Fed was forced to adjust its entire tracker to exclude gold imports which were skewing GDP by 1.5%.
How long until the Atlanta Fed also excludes soaring physical gold EXPORTS TO Switzerland to reduce the surge in Q2 GDP??? Source: zerohedge
Are US soft data starting to feed into hard data?
Source: Haver Analytics, Rosenberg Research
Is it time for the West to rethink its economic model?
Chart @econovisuals thru Michel A.Arouet
⚠️US consumers are struggling: More than 50% of US consumers are not able to cover a $2,000 emergency expense using only savings.
Nearly one-third cannot cover $500, according to the Fed survey released Wednesday. Most Americans have no savings. Source: Bloombrg, Global Markets Investor
German job market is deteriorating:
The number of unemployed people in Germany hit 2.96 MILLION in May, the highest in at least 10 YEARS. This is even higher than at the 2020 CRISIS peak. The unemployment rate sits at 6.3%, the second-highest in 10 years. Source: Global Markets Investor
The US is now collecting ~$255 Billion in annualized revenue from Trump’s tariffs
Source: Geiger Capital @Geiger_Capital
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