{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Eurodollar University","title":"New Data is Screaming a Full Blown Recession is Confirmed","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/d82303e5\"></iframe>","width":"100%","height":180,"duration":957,"description":"The data continues to pour in showing US consumers have indeed hit the wall. Spending is down according to a variety of sources, including the latest update on retail sales for May. There is also a growing body of evidence indicating there is more weakness to come starting with summer vacations. All this indicates the chances of full-blown recession are rising sharply. \nEurodollar University's Money & Macro Analysis\nCNN  Evidence is mounting that the American shopper is cutting back\nhttps://edition.cnn.com/2024/06/18/economy/us-retail-sales-may/index.html\nMcKinsey & Company An update on US consumer sentiment: Are consumers on the cusp of a shift?\nhttps://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/the-state-of-the-us-consumer\nDeloitte Summer Travel Survey 2024\nhttps://www2.deloitte.com/content/dam/insights/articles/us187281_cic_summer-travel/DI_2024-summer-travel.pdf\nFederal Reserve Beige Book May 29, 2024\nhttps://www.federalreserve.gov/monetarypolicy/files/BeigeBook_20240529.pdf\nhttps://www.eurodollar.university\nTwitter: https://twitter.com/JeffSnider_EDU\nEurodollar University's Anniversary Webinar: The Fundamentals of Interest Rates over the Next 12 months.\nSign up below:\nhttps://event.webinarjam.com/channel/rates","thumbnail_url":"https://img.transistorcdn.com/-PtiTzNd5Hw0QA5KJSn4hxFg04siyhv-eokn_umaeKU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzkyNDMvMTY2ODk5/MjU1OS1hcnR3b3Jr/LmpwZw.webp","thumbnail_width":300,"thumbnail_height":300}