October 28, 2023

The Chickens are about to Roost

Diane Kimura

A troubling trend we’re seeing, not just among individual investors, but the U.S. government as a whole: taking on debt to kick their financial problems further down the road (with rising interest tacked on).

People Can't Afford Household Expenses, Including Electricity yet, the government keeps spending pushing up prices with inflationary policies.

- 54% of Americans use savings to pay for everyday expenses like groceries and rent.

- Consumer credit card debt surpassed $1 trillion for the first time this year.

- The US debt now stands at over $33 trillion.

On a year-over-year basis, government spending accelerated from 0.9% to 2.7% (in Q1) then from 2.7% to 3.8% in Q2.

If you sign off on Big Government (Big G) spending, then you know going into the presidential election you’re going to slow against those Big G base effects.
You don’t just get that for free.

For all of 2023, you can say, ‘Look, there’s no recession, the job market’s great,’ because you bought the numbers.

The bill will come due on all of this, and when it does, the signs of a slowdown that became apparent in late October will just be the beginning.

May be an image of text that says 'Excess Savings Gone The Impact Is Metastasizing Collectively The Bottom 80%o the Income Distribution Now More Than Exhausted Their associated savings now -3.4% 4,300,000 -80% The Purchasing HEDGEYE -0%-80%(4Q19Level) 4,100,000 3,900,000 ,700,000 3,500,000 3,300,000 4Q19 1020 2020 3020 4020 1021 2021 3021 4021 1022 2Q22 3022 4022 1023 2023 97'

May be an image of text that says 'Not Coincidence 41.50% Inflation Re-accelerating, Difficulty Paying for Typical Expenses Difficulty Paying for Usual Household Expenses 41.00% Peak 40.9% 40.50% P19%+ HEDGEYE 41.2% 13.00% ರτ 40.0% 40.00% 0.1% ENERGY INSECURITY: UTILITY SHUT-OFF RATE 40.0% 39.50% 12.00% 39.5% 39.7% 39.5% 39.1% 39.00% 11.00% 38.50% 38.9% 38.00% 38.7% 38.5% 38.5% 8.6% 11.07% 10.00% 7.50% 10.13% 9.67% 37.00% 9.00% 8.83% 37.8% AUB 37.3% 8.00% 7.85% census 8.24% Pulse Survey 7.00% Feb-22 May-22 Aug-22 Nov-2 Feb-23 May-23 Aug-23 Management 90'

May be an image of text that says '『 T AMERICA'S NATIONAL DEBT. EppR'

Posted by: Timothy Birdnow at 07:28 AM | No Comments | Add Comment
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