The US Economy Now Has:
1. 63 banks on the brink of default according to the FDIC
2. Over $500 BILLION of paper losses held by banks
3. Declining GDP growth with rising inflation
4. Over 50% of Americans believe we are in a recession
5. Lowest mortgage demand in over 30…
— The Kobeissi Letter (@KobeissiLetter) June 4, 2024
