Yep, given the level of tightening, the key question is, how drastic will the recession be? One reason to suggest it will be bigger than otherwise is that the Fed focuses on lagging, rather than leading indicators.https://t.co/zW4tx7IOYK
— Steven Anastasiou (@steveanastasiou) December 19, 2022
Nearly 70% of Americans struggling to pay grocery bills, per Fox Business News.
— unusual_whales (@unusual_whales) December 18, 2022
Federal Reserve bank admits BLS job numbers were overstated by 1 million during 2022. 🚨
Now that the election is over, revisions will fix the data in future months. 🤡 😂 pic.twitter.com/zq8DluAY50
— Wall Street Silver (@WallStreetSilv) December 18, 2022
One third of Americans are thinking of skipping holiday gifts altogether this year, due to inflation, per Bloomberg.
— unusual_whales (@unusual_whales) December 19, 2022
-Americans are worried about a recession.
-Retail sales have dropped.
-Savings accounts are being used up.
-All right before Christmas.
Joe Biden’s America.
— Rep. Jim Jordan (@Jim_Jordan) December 18, 2022
Morgan Stanley’s Wilson Says US Profit Drop Could Rival 2008 Era
https://t.co/uRyKM3BL8L— Win Smart, CFA (@WinfieldSmart) December 19, 2022
US NAHB Housing Market Index Dec: 31 (est 34; prev 33)
— LiveSquawk (@LiveSquawk) December 19, 2022
CNBC:Â Roughly 1 in 3 workers is worried about a layoff
