ASEAN countries
Consumers all over the world are cutting back on spending pic.twitter.com/eBYIopCW9b
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) July 7, 2022
Shrinking paychecks and rising costs of living are sparking social unrest and strikes
I did warn you pic.twitter.com/ZoTEDQWzSW
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) July 6, 2022
This feels like the calm before the shitting of bricks.
Amazon Prime Day is in the middle of July this year. I've never ordered anything online while I was on vacation.
It seems like a bad idea. pic.twitter.com/J9QycDuTT0
— Mac10 (@SuburbanDrone) July 7, 2022
I watched a video about a dude with 3 jobs t.co/ElnvRIhIRy
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) July 6, 2022
JOLTS were strong but QUITS too…
We need to monitor closely, something could be underway… pic.twitter.com/GeN6RZ7zxN— Mario Cavaggioni (@CavaggioniMario) July 6, 2022
Soaring inflation sparked ECB calls for more aggressive rate rises, minutes show via @FT
Take the pop corn t.co/lxSn4GFSj9
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) July 7, 2022
As a proxy for gun sales, we see that the FBI processed 40 million background checks in 2021. Up 300% from 2006.t.co/8Jw9fzQvre
The Global Financial Crisis was a key inflection point.
This does not bode well for meltdown. pic.twitter.com/x92NkdhEMn
— Mac10 (@SuburbanDrone) July 7, 2022
“The World Is On The Brink Of A Rather Severe Recession”: Goldman
The report’s bottom-line according to Goldman’s Chris Hussey: some of what we are seeing today — economic overheating and large increases in rates — suggests that the world could be on the brink of a rather severe recession.” That said, the bank highlights several other aspects of the current environment which provide a buffer against a notable turndown in activity.