Excess household savings in the US have fallen for 23 STRAIGHT months.
— The Kobeissi Letter (@KobeissiLetter) September 3, 2023
Since 2022, excess savings in the US have been falling by $100 billion per MONTH on average.
The San Francisco Fed estimates that remaining household savings will be depleted this quarter.
Just over 2 years… pic.twitter.com/CEMVeLE9K9
NOT a good look for the IRS
https://www.dailymail.com/news/article-15996659/Tennessee-Honest-farmer-accidental-20k-IRS-refund-property-seize-threat-...