ZH: CEOs discussing Fed policy on Earnings calls soars to record
ZERO HEDGE reports: The July FOMC meeting confirmed Powell and company are inching closer and closer to embarking ...
KNX: 'HARRIS UPSIDE'R: PRICEY BUT WORTHYGM: AUTO VERTICAL WOESWTC: NEW RECORDDHL: THE DAY AFTERZIM: UNSTOPPABLECHRW: NEW HIGHMAERSK: PORT DISRUPTION SURCHARGEKNIN: CEO ON ROADWMT: SUPPLY CHAIN MERGER UPS: STANDARD SATURDAY EXPANSION DHL: BULLISH STANCE REITERATED
KNX: 'HARRIS UPSIDE'R: PRICEY BUT WORTHYGM: AUTO VERTICAL WOESWTC: NEW RECORDDHL: THE DAY AFTERZIM: UNSTOPPABLECHRW: NEW HIGHMAERSK: PORT DISRUPTION SURCHARGEKNIN: CEO ON ROADWMT: SUPPLY CHAIN MERGER UPS: STANDARD SATURDAY EXPANSION DHL: BULLISH STANCE REITERATED
ZERO HEDGE writes:
A large swath of American consumers are facing financial hardship as they grapple with elevated living costs, record-high credit card use, and two years of negative real wage growth. This perfect storm could decimate financially fragile households in the next downturn.
As many as 89.1 million American adults (or about 38.5%) were found to experience some form of difficulty in covering expenses between April 26 and May 8, according to Bloomberg, citing new data from the Household Pulse Survey. This is up from 34.4% in 2022 and 26.7% during the same period in 2021…
The full post can be read here.
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