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

[behappyalways]

'A credit crunch has started' as banks tighten lending by the most on record, Morgan Stanley CIO says
https://markets.businessinsider.com/new ... svb-2023-4

[behappyalways]

美疫後稅收減 國債違約恐引全球金融危機｜方念華｜FOCUS全球新聞 20230419@tvbsfocus
https://m.youtube.com/watch?v=IIbwWzwAgJo

[winston]

U.S. Composite PMI Output Index

U.S. business activity accelerated to an 11-month high in April, according to a survey on Friday, which was at odds with growing signs that the economy was in danger of slipping into recession as higher interest rates cool demand.

S&P Global said its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, increased to 53.5 this month. That was the highest level since last May and followed a final reading of 52.3 in March.

It was the third straight month that the PMI remained above 50, indicating growth in the private sector. The survey data was collected April 12-20.

Source: Reuters

[behappyalways]

McCarthy moves to raise the debt limit for one year and slash the presidential budget

麥卡錫出招 債限上調一年 大砍總統預算 TVBS文茜的世界財經周報 20230423

https://m.youtube.com/watch?v=FAaHdBCm0hQ

[behappyalways]

Stagflation: Q1 GDP Much Weaker Than Expected On Inventory Plunge As Inflation Comes In Red Hot
https://www.zerohedge.com/markets/stagf ... es-red-hot

A very stagflationary cocktail this morning...
GDP Growth 1.1% (below expectations)
GDP Prices 4% (above expectations)
https://twitter.com/JackFarley96/status ... 3218443266

March marked 12 consecutive monthly declines for LEI, which has only been reached and/or exceeded during recessions that started in 1973, 1980, and 2007 … last time it hit 12m mark was March 2008, which was when Bear Stearns collapsed
https://twitter.com/LizAnnSonders/statu ... 8598962176

[behappyalways]

The U.S. debt ceiling is about to burst again? The decline in money supply doubled in March, the worst since the Great Depression. The "U.S. dollar hegemony" faces challenges when all three are empty

美債務上限又要爆? 三月貨幣供應量減幅翻倍 是大蕭條後最嚴重 三大皆空下"美元霸權"面臨挑戰 ｜20230429｜@I news plus

https://m.youtube.com/watch?v=n73rtwpTfxo

[behappyalways]

Yellen warns Congress Treasury may run out of cash as soon as June
https://www.theedgesingapore.com/news/u ... -soon-june


Chipotle And Domino's Customers Begin Cutting Back On Delivery Orders
https://www.zerohedge.com/markets/chipo ... ery-orders

[behappyalways]

Whoa: Treasury Cash collapses by $78 billion IN ONE DAY.

We won't make it to mid May at this rate

https://twitter.com/zerohedge/status/16 ... 3194044421

[behappyalways]

Immigration restrictions will be lifted! 40,000 people from Mexico and others will enter the country and Biden will increase his troops by 1,500

移民限制將解! 4萬人墨西哥等入境 拜登增兵1500｜秦綾謙｜FOCUS全球新聞 20230503@tvbsfocus

https://m.youtube.com/watch?v=w-TfnNWLCGU

[behappyalways]

The countdown to the debt limit bomb, the two parties in the United States are facing a showdown
拆債限炸彈倒數計時 美國兩黨面臨攤牌時刻 TVBS文茜的世界財經周報 20230507
https://m.youtube.com/watch?v=y9y_40aOkyo


43 Senate Republicans Say No To Increasing Debt Limit Without Substantive Spending Cuts
https://www.zerohedge.com/political/43- ... nding-cuts