Cassandra B.C.

[Cassandra B.C. @michaelburry_]

US Personal Savings fell to 2013 levels, the savings rate to 2008 levels- while revolving credit card debt grew at a record-setting pace back to the pre-COVID peak despite all those $trillions of cash dropped in their laps. Looming: a consumer recession and more earnings trouble.

[Cassandra B.C. @michaelburry_]

Yes, I know, deleting tweets does not really delete them. But that is not why I delete them.

https://t.co/ZXxfDRSzz9 https://t.co/ZXxfDRSzz9

[Cassandra B.C. @michaelburry_]

3rd time's a charm. 10 years leading to a financial crisis - Yellow S&P 500 2000, White S&P 500 today, Green Dow 1929. Got to love human nature. Nothing if not consistent.

[Cassandra B.C. @michaelburry_]

The Fed has no intention of fighting inflation. Serial half-point hikes are for getting elevation before stocks and the consumer tap out. Same with with rapid-fire QT. The Fed's all about reloading the monetary bazooka. So it can ride to the rescue & finance the fiscal put.