(1) The Next Generation
78% of Americans surveyed by the Wall Street Journal said they don’t feel confident that life for their children’s generation will be better than their own, the highest % since the survey began asking the question in 1990.
Video: youtube.com
78% of Americans surveyed by the Wall Street Journal said they don’t feel confident that life for their children’s generation will be better than their own, the highest % since the survey began asking the question in 1990.
Video: youtube.com
(1b) Government Spending Binge
US Federal Government Spending has increased 185% over the last 20 years versus a 64% increase in overall inflation (CPI).
Video: youtube.com
US Federal Government Spending has increased 185% over the last 20 years versus a 64% increase in overall inflation (CPI).
Video: youtube.com
(1c) Dollar Devaluation
Over the last 20 years, the purchasing power of the US Dollar has declined 39%.
Video: youtube.com
Over the last 20 years, the purchasing power of the US Dollar has declined 39%.
Video: youtube.com
(2) M2 Moving Lower
The US Money Supply continued to contract in February and is now down 2.4% year-over-year. That’s the largest 12-month decline on record with data going back to 1959.
Video: youtube.com
The US Money Supply continued to contract in February and is now down 2.4% year-over-year. That’s the largest 12-month decline on record with data going back to 1959.
Video: youtube.com
(3) Housing Market Repricing
US Home Prices fell in January for the 7th consecutive month (case shiller national index). The 5.1% decline over the last 7 months is the largest 7-month decline since 2011-12.
Video: youtube.com
US Home Prices fell in January for the 7th consecutive month (case shiller national index). The 5.1% decline over the last 7 months is the largest 7-month decline since 2011-12.
Video: youtube.com
(4) Reducing Rents
US Rents are 2.7% higher than last year, the smallest increase since April 2021. Meanwhile, vacancy rates have risen to their highest level in 2 years and a record number of multi-family units are currently under construction.
Video: youtube.com
US Rents are 2.7% higher than last year, the smallest increase since April 2021. Meanwhile, vacancy rates have risen to their highest level in 2 years and a record number of multi-family units are currently under construction.
Video: youtube.com
(5) Falling Inflation Expectations
-1-Year ahead consumer inflation expectations have moved down to 4.2%, lowest since May 2021.
-3-Year ahead inflation expectations are down to 2.7%, the lowest since June 2020.
Video: youtube.com
-1-Year ahead consumer inflation expectations have moved down to 4.2%, lowest since May 2021.
-3-Year ahead inflation expectations are down to 2.7%, the lowest since June 2020.
Video: youtube.com
(6) Summer Ease?
The market is now expecting another 25 bps rate hike in May (to 5.00-5.25%), but then a 180 degree shift to rate cuts starting in July. By the end of 2024, the market is saying that the Fed will cut rates back below 3%.
Video: youtube.com
The market is now expecting another 25 bps rate hike in May (to 5.00-5.25%), but then a 180 degree shift to rate cuts starting in July. By the end of 2024, the market is saying that the Fed will cut rates back below 3%.
Video: youtube.com
(7) The Manufacturing Recession
The last 3 times ISM Manufacturing was this low, the US economy was in or about to be in a recession. You have to go back to 1995-96 to find a lower reading with no recession.
Video: youtube.com
The last 3 times ISM Manufacturing was this low, the US economy was in or about to be in a recession. You have to go back to 1995-96 to find a lower reading with no recession.
Video: youtube.com
(8) More Jobs Growth, Fewer Job Openings
The March jobs report showed the 27th consecutive month of gains. The number of US Job Openings fell to 9.9 million in February, the fewest since May 2021 and a noticeable decline from last month.
Video: youtube.com
The March jobs report showed the 27th consecutive month of gains. The number of US Job Openings fell to 9.9 million in February, the fewest since May 2021 and a noticeable decline from last month.
Video: youtube.com
(9) The Money Market Boom
US bank deposits have fallen $363 billion since the beginning of March to $17.3 trillion. Where is much of that money going? Into market-market funds, which have risen $304 billion to a record $5.2 trillion.
Video: youtube.com
US bank deposits have fallen $363 billion since the beginning of March to $17.3 trillion. Where is much of that money going? Into market-market funds, which have risen $304 billion to a record $5.2 trillion.
Video: youtube.com
10) Small Cap Blues
The Ratio of Small Caps to Large Caps is nearing March 2020 levels, which was the lowest we’ve seen since Feb 2001. Over the last 10 years Small Caps have gained 115% (8% annualized) vs. 214% for Large Caps (12% annualized).
Video: youtube.com
The Ratio of Small Caps to Large Caps is nearing March 2020 levels, which was the lowest we’ve seen since Feb 2001. Over the last 10 years Small Caps have gained 115% (8% annualized) vs. 214% for Large Caps (12% annualized).
Video: youtube.com
(11) Not Worth the Cost?
56% of Americans polled by the WSJ said that a four-year college degree was not worth the cost, a record high. Last 30 years: College Tuition has more than quadrupled while overall inflation has a little more than doubled.
Video: youtube.com
56% of Americans polled by the WSJ said that a four-year college degree was not worth the cost, a record high. Last 30 years: College Tuition has more than quadrupled while overall inflation has a little more than doubled.
Video: youtube.com
(12) A Bubble of Epic Proportions
Over the last 20 years, Canadian Home Prices have quadrupled while overall inflation in Canada has increased 49%. This is a bubble of epic proportions.
Video: youtube.com
Over the last 20 years, Canadian Home Prices have quadrupled while overall inflation in Canada has increased 49%. This is a bubble of epic proportions.
Video: youtube.com
(13) Fed (unrealized) Losses
The Fed has over $1 trillion in unrealized losses on their Treasury/MBS holdings.
Video: youtube.com
The Fed has over $1 trillion in unrealized losses on their Treasury/MBS holdings.
Video: youtube.com
(14) OPEC Bump
Crude Oil prices jumped back above $80/barrel after OPEC announced it will be cutting output by 1.16 million barrels per day. Prices were as low as $65 just a few weeks ago.
Video: youtube.com
Crude Oil prices jumped back above $80/barrel after OPEC announced it will be cutting output by 1.16 million barrels per day. Prices were as low as $65 just a few weeks ago.
Video: youtube.com
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