US - Econ. Slowdown - How deep & long ? 06 (Oct 16 - Jul 22)

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Consumer Credit Hits A Brick Wall With Credit Cards Maxed Out
https://www.zerohedge.com/markets/consu ... -maxed-out

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Costco CEO Warns "A Lot Of Consumers Are In Recession Right Now"
https://www.zerohedge.com/markets/costc ... -recession

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The Inflation Monster That Our Leaders Have Created Is Voraciously Eating Away Our Standard Of Living
https://www.zerohedge.com/markets/infla ... ard-living

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Recession Imminent? Spending Fueled By Debt As Savings Run Dry
https://www.zerohedge.com/markets/reces ... gs-run-dry

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Food Banks Seeing Flood Of Families Despite Low Unemployment
https://www.zerohedge.com/personal-fina ... employment

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Nancy Pelosi Urges Support Of $50 Billion 'CHIPS' Bill Hours After Disclosing $8 Million Nvidia Stake
https://www.zerohedge.com/markets/nancy ... disclosing

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"All Of A Sudden, It Came To A Halt": After Posting Fresh Records Just Months Earlier, RV Industry Grinds To A Halt
https://www.zerohedge.com/economics/all ... v-industry


Nearly 30% Of Gen Z Living Permanently With Parents Amid Inflation Squeeze
https://www.zerohedge.com/personal-fina ... on-squeeze


About 45% Of Small US Businesses Are Freezing Hiring Amid Soaring Inflation, Labor Costs
https://www.zerohedge.com/personal-fina ... tion-labor

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A Flood Of Repossessed Vehicles Poised To Hit The Used-Car Market
https://www.zerohedge.com/personal-fina ... car-market

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Delusional Biden Admin Front-Runs Recessionary GDP Print... By Redefining Recession
https://www.zerohedge.com/political/del ... -recession

[winston]

US consumer confidence declined in July to the lowest level since February 2021

On dimmer views of the economy amid persistent inflation.

The Conference Board's index decreased for a third month to 95.7 from a downwardly revised 98.4 reading in June, data on Tuesday (Jul 26) showed.

The median forecast in a Bloomberg survey of economists called for a decline to 97.

The steady weakening in sentiment risks causing consumers to cut back on discretionary purchases at a time when the economy is struggling for momentum.

Inflation has dented confidence and forced the Federal Reserve to pursue aggressive interest-rate hikes geared at curbing demand.

Source: Phillips