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

[behappyalways]

What exactly is the "New Washington Consensus"?
'23.06.13【豐富│東南西北龍鳳配】Pt.2 「新華盛頓共識」到底是啥？
https://m.youtube.com/watch?v=5mN-Y9p0uGA&t=3s


Student Loan Payments Will Restart Soon: Here's The Timeline Borrowers Should Know
https://www.zerohedge.com/political/stu ... hould-know

[behappyalways]

Student Loan Payments: Guess we now know when the consumer spending trapdoor finally opens
https://twitter.com/zerohedge/status/16 ... 2111639552

Student Loan Payments Will Restart Soon: Here's The Timeline Borrowers Should Know
https://www.zerohedge.com/political/stu ... hould-know

[behappyalways]

The national debt hit $32T last week - that equates to every person in America owing nearly $100K!
We should consider reining in the spending spree.
Source: Peter G Peterson Foundation

https://twitter.com/Mayhem4Markets/stat ... 7628442625

[winston]

Personal Savings Rate

"Personal savings as a percentage of disposable personal income" is often shortened to the "personal savings rate."

Sure, the current personal savings rate looks low next to the crazy mountain of pandemic-era stimulus. But when we look closer, an important fact appears...

The current personal savings rate for U.S. consumers is in line with its historical average. People saved the same percentage of their income in 2006 that they're saving today.

Now, would I like it if U.S. consumers saved and invested more of their disposable income? Of course.

But when it comes to the broad economy, the data is clear. Sure, the news stories we hear about American consumers sound dire. But right now, things look pretty good.

As long as the U.S. consumer keeps buying, American businesses (and their stocks) will continue to prosper. This is yet another point in support of a "bullish" market thesis...

Put simply, America's economic engine is still going strong today.

Source: Daily Wealth

[behappyalways]

Outstanding student debt by age
https://twitter.com/Mayhem4Markets/stat ... 0283390976

Student Loan Payments: Guess we now know when the consumer spending trapdoor finally opens
https://twitter.com/zerohedge/status/16 ... 2111639552

Student Loan Payments Will Restart Soon: Here's The Timeline Borrowers Should Know
https://www.zerohedge.com/political/stu ... hould-know

[behappyalways]

According To Americans, These Are The United States' Biggest Enemies
https://www.zerohedge.com/geopolitical/ ... st-enemies

[behappyalways]

Q1 GDP Unexpectedly Revised Sharply Higher On Bizarre Surge In Net Exports
https://www.zerohedge.com/markets/q1-gd ... et-exports

[behappyalways]

Why is the U.S. stock market hot but the public feels cold? Can Biden economics solve the economic difficulties of the American people and help Biden be re-elected?
為何美股熱但民眾感受冷？拜登經濟學能解決美國民眾經濟困境助拜登連任嗎？【Yahoo TV #風向龍鳳配】
https://m.youtube.com/watch?v=24lq-xbTjPU


Student Loan Repayments – Will It Start The Recession?
https://www.zerohedge.com/personal-fina ... -recession


Consumers Trade Down From Walmart, Dollar Tree Becomes Supermarket For The Working Poor
https://www.zerohedge.com/markets/dolla ... wn-walmart

[behappyalways]

"Only 29% of respondents who have federal student loan(s) are confident they will have enough money to start making payments without adjusting spending;

37% expect to cut back in other areas and 34% say they will not be able to make the payments at all." - Morgan Stanley

https://twitter.com/zerohedge/status/16 ... 8500531201

[winston]

US soft landing less likely

BNY Mellon Investment Management has warned investors to be cautious as the US interest rate could rise to 6 percent and an economic "soft landing" could be difficult after the US treasury yield curve reached on Monday, the deepest inversion since the 1980s.

A soft landing is usually defined as the US Federal Reserve making efforts to lower inflation to the 2 percent target while avoiding recession.

BNY Mellon noted the odds of a soft landing were only a small of 20 percent and suggested cash and fixed-income portfolios including US Treasuries and developed market sovereign bonds for the coming quarter.

This came as the spread between the two-year and 10-year US Treasury note yields hit the widest since 1981 at negative 109.50 basis points in early trade, an inversion deeper than that in March during the US regional banking crisis, reflecting market concerns that an extended rate hiking cycle could tip the US into recession.

Source: Reuters

https://www.thestandard.com.hk/section- ... ess-likely