1/ DECLINING CONSUMER SPENDING
Consumer sentiment is currently at HISTORIC lows, which indicate that people are becoming more cautious about spending and may be less likely to make major purchases in the near future. pic.twitter.com/qNZ2EwKW40
— HOZ (@MFHoz) December 26, 2022
3/ HIGHER ELECTRICITY BILLS
Rising electricity costs will contribute to economic chaos. As the cost of electricity increases, it puts additional strain on households and businesses, leading to reduced spending and even bankruptcies. pic.twitter.com/dfl4I2wUJ0
— HOZ (@MFHoz) December 26, 2022
5/ ECONOMIC DISRUPTION
The Covid-19 pandemic has had a significant impact on the economy, resulting in widespread unemployment and economic disruption. This, combined with declining consumer spending and businesses suffering, can lead to a serious downturn in the economy.
— HOZ (@MFHoz) December 26, 2022
7/ HIGHER MORTGAGE RATES
Less disposable income to spend on other goods and services, which leads to a decrease in consumer spending. A decline in the housing market also leads to a decrease in consumer confidence. pic.twitter.com/JPxjEmG8pK
— HOZ (@MFHoz) December 26, 2022
8/ GEOPOLITICS
The ongoing conflict between Russia and Ukraine has resulted in economic sanctions and trade disruptions that have negatively impacted the global economy. Such external events are creating uncertainty and instability, leading to a decrease in consumer spending.
— HOZ (@MFHoz) December 26, 2022
November Home Sales Suffer Biggest Crash In History
As a historic cold front blankets the continental US – because global warming of course – locking down hundreds of millions, and paralyzing the economy and infrastructure…
Don't worry, financial managers don't see this coming. pic.twitter.com/vefTP68S4c
— Mac10 (@SuburbanDrone) December 26, 2022
It's that time of year when economists consult their Magic 8 ball to predict the economy in the coming year.
This year, they snorted a Magic 8 ball.t.co/tOPZ6yrief pic.twitter.com/doTZXEYglg
— Mac10 (@SuburbanDrone) December 26, 2022
— Mac10 (@SuburbanDrone) December 26, 2022
US consumer sentiment is at the lowest level in more than 50 years… (Univ of Michigan)
But the govt says:
"The economy is strong… everything is fine…"
🔥🔥🔥Fed keeps raising rates heading into a recession.🤨 pic.twitter.com/2h00PKRVIK
— Wall Street Silver (@WallStreetSilv) December 26, 2022