THIS?

 

This is what everybody already knows

but nobody wants to hear or think about.

Recession Signal As Consumers Struggle To Pay Bills

These are the items that should be in the headlines.

But no it's all, keep spending, nothing to see here, everything is going fine

all  going to be well etc...

1 Thessalonians 5:3 

etc...

"As we noted, many analysts suggest the economy may have a “soft landing.“ Or, rather, avoid a recession, primarily due to the continued strength in the monthly employment reports. While those employment reports remain strong, the rapid decline in growth has been a recession signal in and of itself. As we have stated earlier, the trend of the data is far more important than the monthly number.

(The monthly employment reports are all they have left to hang onto at this point to hope for "a soft landing" no recession. People are getting 2nd and 3rd jobs to just keep up with paying their bills and the false economic prophets wanna try and tell you this means there's no recession coming? it's already here, you just dont know it yet.)

"Employment is a critical factor in the recession equation because the U.S. economy comprises roughly 68% of personal consumption expenditures. In other words, what individuals buy and use daily drives economic activity. It is also the bulk of revenue and earnings growth for corporations."

"The massive drawdown in savings and rise in credit card debt supported the consumption surge in the U.S. economy. However, since the turn of the century, consumption slowed along with economic growth..."

"That boost has fully reversed as consumers struggle to pay bills. Currently, nearly 40% of Americans are having trouble paying bills, and almost 57% of Americans can’t afford a $1000 emergency."

“68% of people are worried they wouldn’t be able to cover their living expenses for just one month if they lost their primary source of income."

But the economy is strong. we got great employment #'s etc... 

Yo "experts/false economic prophets",

68% of the country knows better...

"Such is not surprising considering the current gap between the inflation-adjusted cost of living and the spread between incomes and savings. It currently requires more than $7500 of debt annually to fill the “gap.”

“Nearly three-quarters, or 72%, of middle-income families say their earnings are falling behind the cost of living, up from 68% a year ago, according to a separate report by Primerica based on a survey of households with incomes between $30,000 and $100,000. A similar share, 74%, said they are unable to save for their future, up from 66% a year ago.”

(It's not ever gonna get any easier...

You are going to watch your standard of living continually go down until  the time of the end

Just get used to that fact.

The sooner you do?

The easier things will be for you.

The more you fight the inevitable?

The longer you will suffer.

Habakkuk 3:17-19

Though the fig tree does not bud

    and there are no grapes on the vines,

though the olive crop fails

    and the fields produce no food,

though there are no sheep in the pen

    and no cattle in the stalls,

yet I will rejoice in the Lord,

    I will be joyful in God my Savior.

The Sovereign Lord is my strength;

    he makes my feet like the feet of a deer,

    he enables me to tread on the heights.

For the director of music. On my stringed instruments.

That is your inevitable reality and its not all that far away.

Can you praise God through all of that?

Will you? When the time comes?

The more you are prepared for it, spiritually, mentally etc?

The easier it will be to deal with...

1 Timothy 6:8

But if we have food and clothing, we will be content with these.

Will you? Can you?

Job 2:9

“Should we accept from God only good and not adversity?” 

"The Recession Signal From Credit Cards

The “recession” signal from consumers should certainly not be dismissed, given their contribution to economic growth. However, the risk of deeper recession increases as the Federal Reserve continues to hike interest rates.

(They really dont have a choice...No tools in the toolkit for this yall, just like somebody was sayin...)

"Credit cards are no longer just for luxury items and travel. For many Americans, credit cards are now the difference between buying food and gasoline or not. Notably, as shown above, since 2000, consumption has flatlined as a percent of economic growth. However, credit card loans have continued to rise to support the standard of living.

(And now they aren't going to be able to for much longer...Now's the time, give your heart to Christ, you are not in charge of anything, this just isn't going to stop...)

"As consumers demand larger houses, luxury goods, cars, travel, and entertainment, real incomes have failed to keep up with demand." 

(We are all spoiled, we all think we should be millionaires.)

"With near-zero interest rates, consumers leveraged themselves on the back of cheap debt, particularly since the financial crisis."

(It put us in the boat we are in now. The longer you have artificially low interest rates?

The worse the recession when it comes and we are here. Everybody's maxed out on everything. So what do you do? Blow the whole thing up just like the last scene in fight club, or the analogy of the gangsters in Goodfellas using the restaurants line of credit till its all gone and then light a match to the place to collect the insurance payment etc...Only theres no insurance payment coming.)

However, as the Fed continues its aggressive rate hiking campaign, those short-term rates feed through to variable rate debt, such as credit cards. Such is why a recession signal we should pay attention to is the sharp spike in credit card payments which further detracts savings and wages from consumptive spending to debt service."

(Exactly)

“The combination of record high credit card debt and record high credit card interest is nothing short of catastrophic for both the US economy, and the strapped consumer who has no choice but to keep buying on credit while hoping next month’s bill will somehow not come. Unfortunately, it will and at some point in the very near future, this will also translate into massive loan losses for US consumer banks; that’s when Powell will finally panic.” – Zerohedge

(Truth...)

"As shown in the consumer spending gap chart above, the temporary surplus consumers had in 2020 following the deluge of stimulus resulted in a massive reversal." 

"While the market is defiant that the Federal Reserve will engineer a “soft landing,” The Federal Reserve has never entered into a rate hiking campaign with a ”positive outcome.” Instead, every previous adventure to control economic outcomes by the Federal Reserve has resulted in a recession, bear market, or some “event” that required a reversal of monetary policy. Or, rather, a “hard landing.”

(Buckle up, its gonna be the bumpiest ride you ever take...)

"More importantly, the rate increase directly impacts households dependent on credit card debt to make ends meet."

(My time/space continuum operates a lil ahead of most peoples...You are going to go through what I already have...It's just that simple.)

"While investors may not think a hard landing is coming, the risk to consumption due to indebtedness and surging rates suggest differently. Importantly, what matters most for investors is the coincident repricing of assets as earnings decline due to the contraction in consumption.'

(The people doing well are like:

Wats the problem here?

While everyday Joe is in the 67% going:

"I cant make it on this anymore." etc...

Of course the people doing well are going to tell you everything is going to be fine.

Thats keeps you spending $ and lining their pockets.)

"The media, and the White House, have proclaimed victory by stating the first two quarters of 2022 were not a recession but only an economic slowdown. However, given the lag effect of changes to the money supply and higher interest rates, indicators are pretty clear recession risk is very probable in 2023.'

And now I'll get to the point I was making in the other post about the global south not really condemning Russia that much for it's invasion:

THE FACT YOU UARE NOT HEARING ABOUT IT, 

THE FACT THAT THESE ITEMS LISTED ABOVE ARE NOT REPORTED AS MUCH AS THEY SHOULD BE?

OUGHT TO TELL YOU THE SEVERITY OF THE SITUATION WERE IN.

IT REALLY SHOULD...