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>Yellen says spending on covid may have contributed a little bit to inflation. She previously said it was transitory and denied such claims
>UK 10-year gilt yield hits highest level since 2008, the Great Financial Crisis, per FT
>Investors' exuberance for 2025 could backfire, BCA Research said. BCA has forecast a recession and predicted stocks could fall as much as 26%
>US credit card loan defaults have increased in 2024, the most since 2010, per FT
>25% of Americans don’t have a monthly budget, per FORTUNE
>Financial stress causes highest mental health decline in workers since 2020, per the Financial Post
>Unemployed office workers are having a harder time finding new jobs, per WSJ. More than 1.6 unemployed workers have been job hunting for at least six months, a number that has ballooned by more than 50% in the past two years
>38% Gen Z adults suffering from 'midlife crisis', stuck in 'vicious cycle' of financial, job stress, per Moneycontrol
>"The sputtering U.S. housing market is hurting the businesses that depend on Americans opening their wallets to fix up and furnish their new homes," per WSJ
>Americans spent 23% less on streaming services in 2024, per Reviews, an internet, streaming, and mobile-focused research organization. The average U.S. citizen spent $42.38 per month on streaming services in 2024, down from $55.04 per month a year ago
2025 is gonna be an EPIC bear market
