US - Economic Data & News 11 (Oct 22 - Mar 24)

[winston]

Can The Spending Spree Continue?

The spending spree that has kept real spending growing at close to a 7% annualized rate, based on November data, increasingly seems to be coming at the expense of savings and credit card balances.

Revolving credit card balances now exceed the pre-pandemic peak, and the savings rate has plummeted to 2.7% ... suggesting that unless the labor market remains very strong in 2023, belt tightening might lead to further economic slowing.

Source: Investor Place

[behappyalways]

Shocking Video Shows "Huge Migrant Caravan" Crossing Into El Paso
https://www.zerohedge.com/geopolitical/ ... nday-night

[behappyalways]

Here Comes The Job Shock: Philadelphia Fed Admits US Jobs "Overstated" By At Least 1.1 Million
https://www.zerohedge.com/markets/here- ... 11-million

[behappyalways]

驅逐移民令將失效 美邊境爆移民潮 估日湧入5千人｜方念華｜FOCUS全球新聞 20221219 @tvbsfocus
https://m.youtube.com/watch?v=APXIAbulUsE

[behappyalways]

Final Q3 GDP Comes Unexpectedly Hot At 3.2%, Well Above 2.9% Estimate
https://www.zerohedge.com/markets/final ... 9-estimate

[behappyalways]

歡慶耶誕佳節 食衣住行愛用「美國製產品」｜FOCUS午間新聞 20221223 @tvbsfocus
https://m.youtube.com/watch?v=7MEx8gWgYRs

[behappyalways]

Laid Off Tech Workers Are Having No Trouble Finding New Jobs
https://www.zerohedge.com/markets/laid- ... g-new-jobs


New York’s first legal recreational marijuana dispensary opens for business
https://m.youtube.com/watch?v=Kqh6c2ZfvVU

[behappyalways]

$74 Billion Stock Tax Which Will Hit Your Nest Egg — 401(k)s, IRAs and Pension Plans

$225 Billion Corporate Income Tax Hike Which Will Be Passed on to Households


Here's A List Of Biden Tax Hikes Which Take Effect Jan. 1
https://www.zerohedge.com/political/her ... fect-jan-1

[behappyalways]

US Inflation: How Much Have Prices Increased In 2022?
https://www.zerohedge.com/personal-fina ... eased-2022

[behappyalways]

U.S. manufacturing activity is entering recession. Every measure of U.S. manufacturing activity is contracting with the exception of employment and inventories.
https://mobile.twitter.com/JackFarley96 ... 8560048131

ISM Manufacturing Contracts For 2nd Month, Prices Paid & New Orders Plunge
https://www.zerohedge.com/economics/ism ... ers-plunge