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 Big Beautiful Bill ???
Source: Spencer Hakimian
The US is now collecting ~$255 Billion in annualized revenue from Trump’s tariffs
Source: Geiger Capital @Geiger_Capital
The US MoneySupply hit an all-time high in April for the first time in three years.
After a brief hiatus, money printing is back. Invest accordingly. Source: Charlie Bilello
And now watch Japanese inflation tumble...
As highlighted by zerohedge, Japan does NOT actually have high CORE inflation; it does however have soaring rice prices which have skewed inflation expectations across the population as rice is a huge component of the overall CPI basket. Meanwhile the BOJ is scrambling to contain inflation - which has tumbled ex food with real wages near record lows - and is tightening conditions by raising rates even though it has zero control over food inflation. However, as a by product of its monetary policies and strong yen, the bond market is crashing every day now... This bond crash could eventually spread to Japan's banks and global markets, sparking a global crisis. They thus need to do something. Yesterday, Japan's Ministry of Finance (MOF) said they will consider tweaking the composition of its bond program for the current fiscal year, which could involve cuts to its super-long bond issuance... This was enough to trigger a big drop in bond yields and the yen, which both came as a relief for global markets. What is happening on rice (and its deflationary consequences) is anotehr positive development Source: zerohedge, Bloomberg, Macrobond
Recession fears are falling very quickly
On April 2nd, betting markets put the odds of a 2025 recession at nearly 70% Source: Bravos Research
