IMF chief economist: “below the surface…turbulence is building, and the situation is quite fragile as the recent bout of banking instability reminded us,” adding that the odds of a recession have “risen sharply.”

IMF: “Turbulence is building,” “hard landing” ahead for global economy. “Below the surface … turbulence is building, and the situation is quite fragile, as the recent bout of banking instability reminded us,” IMF director of research Pierre-Olivier Gourinchas said in …

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U.S. Gasoline Prices Set To Fall Below $4

by Boo_Randy Unemployed workers in our Biden “recovery” won’t be doing much driving. https://oilprice.com/Latest-Energy-News/World-News/US-Gasoline-Prices-Set-To-Fall-Below-4.html Gasoline prices in the United States fell to a national average of $4.605 on Thursday, with GasBuddy’s Patrick de Haan saying we should see that drop …

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Bitcoin below $20k!

“Bitcoin will never go below 20k again in my lifetime” Bitcoin: “hold my drink” pic.twitter.com/15i98SjnPz — Dr. Parik Patel, BA, CFA, ACCA Esq. (@ParikPatelCFA) June 18, 2022 https://coinmarketcap.com/

Target down -23% in premarket – lookout below

View post on imgur.com dismal guidance from Target – which warned that inflation was crushing margins – confirmed what Walmart said yesterday, namely that the US consumer is running on fumes. An 11% plunge in the latest weekly mortgage applications …

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Two snowstorms that’ll cover the US from California to the Northeast:Temperatures will be 20 to 30 degrees below average in the Northern Rockies, Great Plains and parts of the Upper Mississippi Valley.

Two major winter storms will dump heavy snow and blow fierce winds in the Midwest, New England and Southwestern United States on Tuesday  One system was expected to bring more than a foot of snow and wind gusts of more …

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