Posted on 01/19/2024 9:37:49 AM PST by Kaiser8408a
The US office market is NOT feelin’ alright.
The national office vacancy rate rose to a record-breaking 19.6% in the fourth quarter of 2023, Moody’s Analytics said. That’s the largest quarterly increase since the first quarter of 2021, and larger than the 19.3% level reached twice in 40 years.
Credit card delinquencies are near all-time high as well.
And then we have Ford scaleing back all-electric F-150 Lightning production in response to weak customer demand. Ah, too much consumer debt and freezing temperatures, perfect storm for EVs.
(Excerpt) Read more at confoundedinterest.net ...
How can this be? Biden says the economy is the best it’s ever been. He wouldn’t lie to us...would he?
I’m not feelin’ too good myself
Credit card delinquencies are near all-time high as well.
I’m shocked!
It’s all about the clever headline but there isn’t anything new here. Just YoY. And rehashing the same complaints day after day. This reminds me of Hannity, just rattling off the complaints from the same list several times each hour. Or like my wife complains about my bad habits.
“like my wife complains about my bad habits”
I hope you don’t tell her “there isn’t anything new here”.
Lol.
The aggregate consumer debt will never be paid, it is an ever-growing revenue stream for a relatively small group of people.
How this gets unwound is an intensely political question, and the answer is unknown at this time - but THAT the aggregate debt will be renounced is a certainty.
Allowing consumer debt to be booked as realized income and added to GDP was crazy.
📌
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