People are economizing on their needs & cutting back on their wants… Personal savings depleted… Credit card debt skyrocketing… Retail sales & discretionary spending plummeting

https://twitter.com/StockTipsTips/status/1616467834665672704 The U.S. economy is at increasing risk of a #recession in 2023, and according to the @IMFNews half of the EU will head into a recession this year. While travel is closely linked to the economy, we remain cautiously …

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Biden CONDEMNS Saudi Arabia for CUTTING Oil PRODUCTION…The SAME thing HE DID in the US!

Biden says cut in oil production will bring ‘consequences’ for OPEC+, Saudi Arabia https://www.cleveland.com/nation/2022/10/biden-says-cut-in-oil-production-will-bring-consequences-for-opec-saudi-arabia.html Biden stopped domestic oil production ‘with the stroke of a pen’: https://www.foxbusiness.com/energy/biden-oil-gas-production-energy-brett-buthrie I’ve already seen several here join the cabal in condemning OPEC for cutting production. …

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The US oil piggy bank is half empty… OPEC+ today announced cutting oil supply by 2mb per day… making Biden’s release of 1mb per day look increasingly futile… and unsustainable as the SPR is getting depleted to dangerously low levels

by silvertomars If Democrats hadn't destroyed American energy independence, OPEC planning to cut their oil production wouldn't be such a major issue for us. — Sen. Marsha Blackburn (@MarshaBlackburn) October 5, 2022 NY harbor diesel crack spread Diesel is running …

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META, GOOGLE Cutting Staff

Meta Platforms Inc. META 0.49%▲ is planning to cut expenses by at least 10% in the coming months, in part through staff reductions, as the social-media giant confronts stalling growth and increased competition, according to people familiar with the company’s …

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Inflation is so high that Americans are cutting back on food spending. The nonprofit food bank is spending 40% more to purchase the same amount of supplies as last year.

by BoatSurfer600 Inflation is so high that Americans are cutting back on food spending, per WSJ. — unusual_whales (@unusual_whales) July 31, 2022 The nonprofit food bank is spending 40% more to purchase the same amount of supplies as last year, …

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Two-thirds of Americans are cutting back on restaurants and movies, 61% are driving less, four in 10 say they are spending less on restaurants and a third are using more credit cards as record 40-year high inflation hits home

People are increasingly skipping Friday-night treats like movies and restaurants as inflation bites into paychecks More than 4 in 10 are spending less on groceries, even cutting back on such staples as bread, milk and eggs Cash-strapped Americans in Wisconsin, …

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Consumers all over the world are cutting back on spending. Shrinking paychecks and rising costs of living are sparking social unrest and strikes.

ASEAN countries Consumers all over the world are cutting back on spending pic.twitter.com/eBYIopCW9b — Alessio (@AlessioTMAD) July 7, 2022 Shrinking paychecks and rising costs of living are sparking social unrest and strikes I did warn you pic.twitter.com/ZoTEDQWzSW — Alessio (@AlessioTMAD) …

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“We’re cutting back on everything — and I mean everything. .. One moment you think you can afford to buy something, then you go to the store and it’s like, ‘Nope, can’t get that anymore either.’

“We’re cutting back on everything — and I mean everything. .. One moment you think you can afford to buy something, then you go to the store and it’s like, ‘Nope, can’t get that anymore either.’ (via @abhabhattarai) https://t.co/clmUkg2SXN — …

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