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

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Poor Rail Service Threatens US Economy, Shippers Tell Federal Regulators
https://www.zerohedge.com/markets/poor- ... regulators



Used Car Prices Are Crashing At A Near Record Pace
https://www.zerohedge.com/markets/last- ... ial-crisis

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美國小企業憂慮經濟「錢景」 逾三成不敢漲價｜FOCUS午間新聞 20220511
https://m.youtube.com/watch?v=h7ZlCLxdDrU

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Americans Are Using Plastic To Make Ends Meet As Prices Continue To Rise
https://www.zerohedge.com/personal-fina ... tinue-rise

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Diesel Rationing Could Hit East Coast This Summer, Refinery Owner Says
https://www.zerohedge.com/commodities/d ... owner-says

[winston]

Ex-G Sachs CEO: US Recession Highly Likely

Lloyd Blankfein, senior chairman and former CEO of Goldman Sachs (GS.US), urged companies and citizens to be prepared for a recession in the U.S., describing the recession as extremely likely to take place.

While acknowledging that the Federal Reserve has certain powerful tools to suppress the inflation level and has been responding well so far, Blankfein stated that the issue of energy prices remains highly alarming.

Goldman Sachs slashed the 2022E and 2023E U.S. economic growth from 2.6% and 2.2% to 2.4% and 1.6%, respectively.

Source: AAStocks Financial News

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Cracks Appear As Subprime Borrowers Miss Loan Payments Amid Recession Threats
https://www.zerohedge.com/markets/crack ... on-threats

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US Savings Rate Crashes To Lowest Since Lehman, Fed's Favorite Inflation Signal Near 40-Year Highs
https://www.zerohedge.com/personal-fina ... ar-40-year

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Biden Plans To Cancel $10,000 In Student Debt Per Borrower Ahead Of Midterms
https://www.zerohedge.com/political/bid ... d-midterms

[winston]

US Savings Rate Plummets to Record Low as Inflation Levels Remain High

By Naveen Athrappully

The U.S. personal saving rate, as a percentage of disposable income, fell to 4.4 percent in April, down from 5 percent in March, the lowest since 2008. The savings rate for February was 5.9 percent and for January 6 percent.

In April 2021, the savings rate was 12.6 percent. The highest savings rate was in March last year when it hit 26.6 percent.

Source: Epoch Times

https://www.theepochtimes.com/us-saving ... 2022-05-31

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36% Of Americans Making $250,000 Are Living Paycheck To Paycheck
https://www.zerohedge.com/political/36- ... k-paycheck