Concerning Stuff; 08/07/2024

What exactly is the plan here?

Seriously asking. pic.twitter.com/GBBP4jA5Ws

— Genevieve Roch-Decter, CFA (@GRDecter) August 4, 2024

Chapter 11 Filings Reach Highest Level in More Than a Decade https://t.co/gIFa1LyCyD pic.twitter.com/piRKIWSbt9

— Jesse Felder (@jessefelder) August 3, 2024

As interest rates crash 60+ basis points in a month, we are watching the housing market.

For years, the narrative for higher home prices was that no one wanted to sell.

Millions of Americans carry 3% mortgages with over 60% of borrowers having a rate below 4%.

Soon, mortgage… pic.twitter.com/r1sANKfHNv

— The Kobeissi Letter (@KobeissiLetter) August 2, 2024

Deflation Expectation Effect/Deflationary Spiral Psychology

Consumers waiting for lower prices as prices fall throughout the economy

Deflationary mindset = Delayed purchasing to wait for lower prices

= Reduced consumer spending and slowing economic activity = Deflationary…

— g (@antzmrah) August 2, 2024

This is the most important chart in the world today.

It's the chart of the Japanese Yen vs the USD.

Why is it so important?

1. For 30 years Japan has 0% interest on their currency.

2. As a result for 30 years investor borrowed YEN at no cost and invested it globally. They… pic.twitter.com/1IpofcvroZ

— Ran Neuner (@cryptomanran) August 2, 2024

More than half the jobs added in the last year were either in gov't or paid for by tax dollars, like when the gov't gives a grant to a hospital, which then uses that money to hire a nurse - it's essentially an indirect hire by gov't: pic.twitter.com/Pstmk23xF7

— E.J. Antoni, Ph.D. (@RealEJAntoni) August 2, 2024

"If you account for the (i) negative revisions, (ii) the workweek shrinkage, (iii) the Birth-Death skew, (iv) the boom in multiple job holders, and (v) the huge shift to self-employment (look ma – I hired myself!), employment cratered more than -700k in July."

David Rosenberg…

— g (@antzmrah) August 2, 2024

ISM PMI Employment 43.4

Only time lower.

1) the internet bubble popping.
2) the GFC.
3) Covid-19. pic.twitter.com/XBpS0Ape0f

— James E. Thorne (@DrJStrategy) August 1, 2024

Share of forecasters predicting recession pic.twitter.com/QgfADA214O

— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) July 31, 2024

The amount of rating agency fraud involved with private credit will make the housing bubble seem like amateur hour

— zerohedge (@zerohedge) August 1, 2024

We live in rapidly interesting times.

Feels exponential. https://t.co/uHLuBzuPqK

— g (@antzmrah) July 31, 2024

About 212,582 tonnes of gold have been mined throughout history, with two-thirds of that since 1950, with an estimated 57,000 tonnes of suitable reserves remaining.

Production has plateaued since 2016-2018, with declining growth rates in recent years.

The gold mining industry…

— g (@antzmrah) August 5, 2024

With the military guys from Russia and the US swapping spit in Israel and Iran in public, feels like another front of the same war.

It's the same war.

The oil fields on the Iran/Iraq border region

In northeastern Syria, the Syrian Democratic Forces (SDF), a Kurdish-led group,… pic.twitter.com/taxn0ja7u3

— g (@antzmrah) August 7, 2024