There are 4 signs the economy may be on a weaker footing than the latest data suggests
1. Real GDP grew 3%, but signs of weakness exist in housing and jobs. 2. Housing prices dropped 0.34% in May, indicating weak demand. 3. Job market shows a declining Labor Market Differential, signaling potential softness. 4. Consumer delinquencies are rising, especially among high-income households. 5. Corporate debt defaults surged to $27 billion, reflecting financial distress.