Ominious economic signs!
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Started by metmike - May 2, 2023, 11:40 p.m.

                    Get Out Now as Labor Market Report Flashes Huge Warning Suggesting Stock Prices Will Soon Crash

 https://www.youtube.com/watch?v=TkfzeuT5DVo




                    10-2 Year Treasury Yield Spread (I:102YTYS)                

                                        

                    -0.60%  for Apr 28 2023                

                    https://ycharts.com/indicators/10_2_year_treasury_yield_spread            

10-2 Year Treasury Yield Spread is at -0.60%, compared to -0.54% the previous market day and 0.22% last year. This is lower than the long term average of 0.90%.
                                            
                            The 10-2 Treasury Yield Spread is the difference between the 10 year treasury rate and the 2 year treasury rate. A 10-2 treasury spread that approaches 0 signifies a "flattening" yield curve. A negative 10-2 yield spread has historically been viewed as a precursor to a recessionary period. A negative 10-2 spread has predicted every recession from 1955 to 2018, but has occurred 6-24 months before the recession occurring, and is thus seen as a far-leading indicator. The 10-2 spread reached a high of 2.91% in 2011, and went as low as -2.41% in 1980.

                                              

              

                                     

     

   

         https://fred.stlouisfed.org/series/T10Y2Y

Comments
By metmike - May 2, 2023, 11:56 p.m.
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https://fred.stlouisfed.org/graph/?graph_id=137388


                     Velocity of M2 Money Stock                         (M2V)                

                                        

Source:            Federal Reserve Bank of St. Louis                                         

Release:            Money Velocity                                    

        

Units:             Ratio, Seasonally Adjusted          

        

Frequency:                             Quarterly                    

                                        

Calculated as the ratio of quarterly nominal GDP to the quarterly average of M2 money stock.

The velocity of money is the frequency at which one unit of currency is used to purchase domestically- produced goods and services within a given time period. In other words, it is the number of times one dollar is spent to buy goods and services per unit of time. If the velocity of money is increasing, then more transactions are occurring between individuals in an economy.
The frequency of currency exchange can be used to determine the velocity of a given component of the money supply, providing some insight into whether consumers and businesses are saving or spending their money. There are several components of the money supply,: M1, M2, and MZM (M3 is no longer tracked by the Federal Reserve); these components are arranged on a spectrum of narrowest to broadest. Consider M1, the narrowest component. M1 is the money supply of currency in circulation (notes and coins, traveler's checks [non-bank issuers], demand deposits, and checkable deposits). A decreasing velocity of M1 might indicate fewer short- term consumption transactions are taking place. We can think of shorter- term transactions as consumption we might make on an everyday basis.



Biden and others claim there's no banking crisis.

The chart below doesn't lie.........they do. 

https://fred.stlouisfed.org/series/DPSACBQ158SBOG

By 12345 - May 3, 2023, 11:37 a.m.
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YEPPER!  I LIKE THE GUY & WHEN HE MIS-SPEAKS, OR IS WRONG IN HIS TIMING, HE ADMITS IT!

By metmike - May 17, 2023, 3:35 p.m.
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I've not followed this guy for very long but he provides some extremely solid reasoning and knowledge with his data.

With that being the case, I am just providing you with his reports and not embracing them or disagreeing with them, since I don't know nearly as much as him about the economy. 

Outright Collapse in Consumer Demand Means Stocks Will Soon Crash as It Signals Economic Trouble

https://www.youtube.com/watch?v=x35Tif_3-1Q

           

                                          

      Following the Biggest Crash in History, the Manufacturing Sector is in Free-Fall and Will Get Worse    

https://www.youtube.com/watch?v=xJ2XjQvMAgk


It's possible this guy is focused on selling newsletters?

By 12345 - May 18, 2023, 8:17 p.m.
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By metmike - May 18, 2023, 11:46 p.m.
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I wouldn't even know who this guy is without you, Jean.

If nothing bad happens..............then he's not going to be at the top of my viewing list.

If something really bad happens, I'll watch him on a regular basis!

By 12345 - May 19, 2023, 12:38 a.m.
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LOL AIN'T THAT THE WAY THE BALL ALWAYS BOUNCES?


YOU CAN READ HIS PAST PROJECTIONS, IF'N YER SO INCLINED   

HERE

By metmike - May 19, 2023, 7:04 a.m.
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great, perfect to check on him if I have some extra time.

By 12345 - May 20, 2023, 7:09 p.m.
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By metmike - May 21, 2023, 11:41 a.m.
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Thanks, Jean!

By 12345 - May 24, 2023, 10:26 p.m.
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By metmike - May 25, 2023, 1:47 a.m.
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Wow!

By metmike - May 27, 2023, 12:29 a.m.
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Serious Problems Surface Under the Major Banks Indicating a Severe Credit Crisis Is Just Beginning

https://www.youtube.com/watch?v=W7LCpWjzTD0

By 12345 - May 27, 2023, 12:23 p.m.
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FLAT FEDERAL INCOME TAX? CONSUMER TAX?  NO STATE INCOME TAX?   ????????????????  PRETTY INTERESTING, IMO  LOL

How can lawmakers simplify America's tax code?

By 12345 - May 27, 2023, 3:59 p.m.
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By metmike - May 27, 2023, 5:09 p.m.
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The Pitfalls of Flat Income Taxes      

  https://itep.org/the-pitfalls-of-flat-income-taxes/

              

By cutworm - May 28, 2023, 10:07 a.m.
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One thing I noticed when working in the union, when someone would be ask to work a lot of overtime with a big expected pay increase and they would receive only a small increase they would not want to work overtime again. This was, I believe, because of the standard deduction being met at standard pay. All increase was taxed. BUT it did lead to less production. JMHO

By 12345 - May 28, 2023, 5:01 p.m.
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I RECALL THE LATE 60'S, WHEN INDIANA HAD NO SALES TAX.  LOL

INSTEAD OF CRUIZIN' AROUND TOWN ALL NIGHT, AT 30 CENTS A GALLON FOR GAS ~ WE'D HIT THE ROAD & GO SHOPPIN' IN INDIANA.  HAHHHAHHAHAAA

THOSE WERE THE DAYS!  WEEEEEEEEEEEEEEEEEEEEE   

By 12345 - June 4, 2023, 5:35 a.m.
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