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
Prescient thoughts on the AI bubble infused with serious facts on the interconnections of Big Tech. Ominous concentrations
https://www.thebignewsletter.com/p/why-anthropics-filing-crushed-tech?utm_source=post-email-title&publication_id=115...