This economy is shitting the bed harder than most understand or are willing to accept. WMT cuts guidance – revenue growth ex-gasoline is badly lagging the CPI inflation rate. And then there's this: pic.twitter.com/tF0j1sPk4j
— Dave Kranzler (@InvResDynamics) July 25, 2022
The tightening standards of EU banks can be seen in the US as well. Less risk appetite to lead or take positions in club deals. Protecting balance sheet at full speed pic.twitter.com/YOdYl7H1IE
— Gianluca (@MenthorQpro) July 25, 2022
AMAZON DOWN 3.2% IN EXTENDED TRADE, TARGET DOWN 5.5% AFTER WALMART CUTS FORECAST$AMZN
— *Walter Bloomberg (@DeItaone) July 25, 2022
*APPLE ANNOUNCES RARE IPHONE DISCOUNTS FOR CHINA BUYERS
APPLE SEEMS TO BE PANICKING AND DOING EVERYTHING TO BOOST SALES. APPLE REPORTS EARNINGS THIS WEEK ON THURSDAY $AAPL pic.twitter.com/KHOm6gOjsz
— Gurgavin (@gurgavin) July 25, 2022
#NoSignsofRecession pic.twitter.com/0cLNIGe9A1
— Randy Woodward (@TheBondFreak) July 25, 2022
đşđ¸ July Dallas Fed #Manufacturing Falls to -22.6 (weakest since May 2020), below est. and vs -17.7 prior
*New orders at -9.2 (weakest since May 2020) vs -7.3 prior pic.twitter.com/otX9CMkFC2— Christophe Barraudđ˘đł (@C_Barraud) July 25, 2022
Wall Streetâs âDr. Doomâ says youâre âdelusionalâ if you think the coming recession will be short and shallow â Fortune t.co/1sYYYjlBqz
— Nouriel Roubini (@Nouriel) July 25, 2022
- As credit card debt swells and interest rates spike, many spenders are fearful about high balances.
- Nearly 1 in 5 Americans are afraid to check their credit card statements, according to a recent survey.
- âWith rampant inflation and rising interest rates, it is even more important to check your card statements regularly,â said Matt Schulz, chief credit analyst at LendingTree.
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There Are Signs the Global Economy Is Slowing Rapidly: El-Erian
Mohamed El-Erian, Allianz and Gramercy advisor and president of Queensâ College, joins CNBCâs âSquawk Boxâ to break down his outlook on markets and inflation.