The Americans' assessment of current economic conditions is the lowest in 3.5 years whereas expectations near recessionary levels
Summary of the trading week in several posts from the X platform with the most interactions
US consumers pile into debt to maintain spending as savings have been almost entirely depleted
The US Central Bank cut rates by 0.50% on September 18, which was the largest surprise since 2008.
113 of professional economists surveyed by Bloomberg expected a 0.25% rate cut
The Fed IMPLICITLY admitted the economy is weak and they are behind the curve without saying it at all
Share of gold reserves as % of total central bank reserves hit 14.7% in 2023
The government spending reached $6.9 trillion over the last year, an equivalent of 24.4% of GDP, and exceeded revenues by $2.1 trillion.
What are the implications for the markets regarding one of the greatest monetary policy experiments?
The number of bankruptcy filings hit 452 year-to-date in August, the second largest since 2010
Given the recent volatility, it is a good time to present my long-term portfolio performance year-to-date
