This economy is shitting the bed harder than most understand or are willing to accept…

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

🇺🇸 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 Barraud🛢🐳 (@C_Barraud) July 25, 2022

Wall Street’s ‘Dr. Doom’ says you’re ‘delusional’ if you think the coming recession will be short and shallow – Fortune t.co/1sYYYjlBqz

— Nouriel Roubini (@Nouriel) July 25, 2022

Nearly 20% of Americans are afraid to check their credit card statements as interest rates approach an all-time high

• 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.
• “With rampant inflation and rising interest rates, it is even more important to check your card statements regularly,” said Matt Schulz, chief credit analyst at LendingTree.

Difficulty Paying Bills Tops Pandemic High in US Census Survey.

Around half of older Americans can’t afford essential expenses: report.

More Signs Emerge That Inflation Is Altering Shopping Habits.

There Are Signs the Global Economy Is Slowing Rapidly: El-Erian

Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, joins CNBC’s ‘Squawk Box’ to break down his outlook on markets and inflation.