by silvertomars
Over the four weeks through September 9, gasoline consumption dropped by 11.7% from the same four-week period in 2019. It was the steepest decline so far this year
Yet inflation is still rising… I wonder what happens when consumption picks up again hmm
Food inflation is still ripping… pic.twitter.com/qB1HCBUNFp
— Andrew Sinclair, CFA (@CT_Osprey) September 15, 2022
LEADING INDICATORS pic.twitter.com/9XenU37H35
— Win Smart, CFA (@WinfieldSmart) September 15, 2022
Redfin Predicts Sharpest Turn in Housing Market Since 2008 Crash
This is the sharpest turn in the housing market since the housing market crash in 2008,” said Daryl Fairweather, Redfin’s Chief Economist.
US Banks Suffer Record Deposit Outflows
Deposits at American banks plunged by a record $370 billion in the second quarter of the year, the first decline since 2018, the Wall Street Journal reported on Tuesday, citing data from the Federal Deposit Insurance Corporation.
‘The Economy Is Braking Hard’ and CEO Confidence Is Miserable
The economy is on the brink of a serious downturn if the Fed doesn’t pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said.