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Monthly Archives: July 2024
US recession in motion?
The US Conference Board of Leading Economic Indicators (LEI Index) declined for a 30th month in June (purple line below since 1959, courtesy of Advisor Perspectives) and is now -14.2% from the cycle peak in December 2021. As shown, since … Continue reading
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Electricity produced by renewable power dramatically lowers energy waste
Electricity generated by renewable power reduces energy waste significantly and, therefore, global power needs. This critical fact is key to understanding the energy evolution unfolding. Fossil fuels still supply 80% of our energy. And people point to this number to … Continue reading
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Loan defaults confirm faltering consumers
In the second quarter of 2024, loan loss provisions at the six largest US banks increased the most since 2020 and car repossessions in June (drivers over 60 days late on payments) rose 23% year over year and were +14% … Continue reading
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