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Recession? What recession?

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Some great explanations of what may be happening out in the real world, away from governments and reserve banks -

 
mullokintyre said:
I wonder what they see happening starting in September.
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Demand for US Treasury bonds dries up due to a loss of confidence and the Fed steps in?

Just a thought given the overall set of circumstances. Some sort of disruption / incident / turning point in the next few months seems fairly plausible to me.
 
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divs4ever said:
dreaming of a rate cut , perhaps

or maybe they figure the Fed will try to buy an election
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the exists for the benefit of the Major US banks, they are the ones who own it.
Go have a look at the activity that occupies the minds of the Fed banking system.
Pretty much everything they do is geared around making sure the big banks make a motza.
From Wall Street on Parade



Mick
 
US consumers have resumed their use of revolving credit card debt, cruelling the narrative that at last US consumers were cutting back on spending.


This comes despite the near record high Credit Card debt Interest sitting at 22.76%, 1 point below the all time high.
It is worth noting that over the years, credit card interest rates have been going up, but no matter the eceonomic conditons, they almost never go down.




Mick
 
And don't the banks and credit suppliers love it.
Money, money, money
 
In a further piece of evidence about headwinds for the US economy. vehicle reposessions have jumped 23% in the furst siz months of the year.
From Bloombergs
And from Zero Hedge


Mick
 
Reinforcing the view that the US is headed for a period of stagflation, with a slowing economy and credit maxed out citizens, comes the news that supply chain pressure is mounting.
Firstly, the New York Fed has its say.

Goldman Sachs also sees its Global Supply Index rising for the first time in 2.5 years.





Mick
 
so i am guessing there is still a bottle-neck at the Panama Canal

surely it must be ( financially ) viable to ship from China to the US via the Pacific and then duck through the Panama Canal for goods destined for the US East Coast

interesting times
 
Plus the Houthis in the middle east contraing European trade.
 
but that should be mostly annoying the EU and UK ( and Western Africa)

after all this Yemeni blockade has been going for months now , most have had plenty of time to re-route
 
We went to Midland Gate today to have a mob ph issue sorted and replace the aging 3G ph that She has.
Followed this up with lunch at the food hall.
Not a lot of foot traffic in the complex and the food hall was not as thriving as one might have expected, seeing as it was a winter's day outside.
Perhaps there is not the free flow of money around now.
 
actually there are reports saying the IRS are letting more and more Americans dip into their IRAs and 401Ks ( the equivalent of their super funds/pension plans )

one can only guess the consequences of that ( less dumb cash to be throw at Green projects perhaps ? )
 
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