$5 dollar summer gas coming

via Zerohedge: OPEC stunned the market late on Sunday by announcing oil production cuts of around 1.15 million barrels per day. The announcement, strangely, came ahead of the actual OPEC meeting scheduled for today, and throws another spanner in the …

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Robin Brooks: ‘Global recession is coming. Most manufacturing PMIs recovered late last year, but that period of respite has ended.’

Global recession is coming. Most manufacturing PMIs recovered late last year, but that period of respite has ended. All across Europe, manufacturing PMIs have rolled over and are turning weaker again. pic.twitter.com/hOo1XLVfBa — Robin Brooks (@robin_j_brooks) April 3, 2023 On …

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German recession is coming…

Germany's manufacturing PMI (black) has fallen below any point in 2022. Germany avoided recession last year because of lucky one-offs in auto and chip-heavy manufacturing. Those one-offs were always temporary and aren't there to provide lift in 2023. German recession …

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Huge layoffs coming at GM…

via CNBC: DETROIT – General Motors will offer voluntary buyouts to a “majority” of its 58,000 U.S. white-collar employees, as it aims to cut $2 billion in structural costs over the next two years, according to a letter sent to …

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Total control is coming…

Total control is coming. Stop shopping at these places. pic.twitter.com/s1dj8sebAP — Truthseeker (@Xx17965797N) March 5, 2023 Walmart unveils an AI-powered store of the future, now open to the public….cameras and sensors pump out 1.6 terabytes per second Walmart this morning …

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Eurozone crisis 2.0 is coming

Eurozone crisis 2.0 is coming pic.twitter.com/qVmLpjOEvq — Russian Market (@runews) March 1, 2023 NEW – The number of bankruptcy declarations among EU businesses increased substantially in the fourth quarter of 2022, and reached the highest levels since the start of …

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Euro zone recession is coming…

Euro zone recession is coming. Germany's new export orders (blue) are falling again after a brief rebound in late 2022. The recent bout of market optimism on Europe will turn out to have been an illusion. Heightened uncertainty breeds recession. …

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