Bank credit standards are already tight enough to curb private credit creation. Mind the 4-quarter lag. pic.twitter.com/OdhHXtgF1K
— Steve Donzé (@steve_donze) November 24, 2022
— Tuomas Malinen (@mtmalinen) November 24, 2022
— TrendSpider (@TrendSpider) November 23, 2022
Real Estate Investors also bailing on Portland, Vegas, Sacramento, Atlanta, and Charlotte.
Investor Purchases down -30% YoY Nationally. pic.twitter.com/g7b80txW5X
— Nick Gerli (@nickgerli1) November 23, 2022
Economists are poor at forecasting recessions. After all who wants to be bring bad news?! This is where Leading Indicators (LI) are useful and the Conf Board LI preferred 6m% ch, is down at -3.2%. Historically at this low LI level, a recession is already here, today. pic.twitter.com/cDnutHYUwx
— Albert Edwards (@albertedwards99) November 23, 2022
— Christophe Barraud🛢🐳 (@C_Barraud) November 24, 2022
— Michael J. Kramer (@MichaelMOTTCM) November 24, 2022
Top economist Mohamed El-Erian says we’re not just headed for another recession, but a ‘profound economic and financial shift’
Investors and economists have been sounding the recession alarm. But one major economist who has seen warning signs mounting for many months says this potential recession is unlike what we’re used to.
As interest rates rise on everything from mortgages to car loans to Treasurys, that also means interest is rising on credit card debt. That’s not exactly great news as so many indicators point to a recession—and the worsening job situation that comes with it—on the horizon.
— Michael Burry Archive (@BurryArchive) November 16, 2022