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GDP forecasts, Consumer sentiment, Debt service vs profits, Seattle real estate, Bank loans

Summary:
-40% is about a .5 trillion loss for the quarter, which is more than the fiscal adjustments for the same quarter, which means to me a very slow start for q3 unless further fiscal adjustments are made: Not as low as the 2008 recession, as Federal transfers have been supporting consumer buying plans: This does not include the private equity deals financed via debt that assumed earnings would more than cover debt service: Seems it’s all downhill from here for a while:

Topics:
WARREN MOSLER considers the following as important:

This could be interesting, too:

WARREN MOSLER writes Vehicle sales, Retail sales, Industrial production

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WARREN MOSLER writes Consumer sentiment, job openings, trade, new US covid cases

-40% is about a $2.5 trillion loss for the quarter, which is more than the fiscal adjustments for the same quarter, which means to me a very slow start for q3 unless further fiscal adjustments are made:

GDP forecasts, Consumer sentiment, Debt service vs profits, Seattle real estate, Bank loans

Not as low as the 2008 recession, as Federal transfers have been supporting consumer buying plans:

GDP forecasts, Consumer sentiment, Debt service vs profits, Seattle real estate, Bank loans

This does not include the private equity deals financed via debt that assumed earnings would more than cover debt service:

GDP forecasts, Consumer sentiment, Debt service vs profits, Seattle real estate, Bank loans

GDP forecasts, Consumer sentiment, Debt service vs profits, Seattle real estate, Bank loans

Seems it’s all downhill from here for a while:

GDP forecasts, Consumer sentiment, Debt service vs profits, Seattle real estate, Bank loans

GDP forecasts, Consumer sentiment, Debt service vs profits, Seattle real estate, Bank loans

GDP forecasts, Consumer sentiment, Debt service vs profits, Seattle real estate, Bank loans

GDP forecasts, Consumer sentiment, Debt service vs profits, Seattle real estate, Bank loans

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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