by Boo_Randy
It’s going to get harder and harder for Brandon, Jerome Powell, and Yellen the Felon to keep lying about our “booming economic recovery” as the real economy is in free-fall.
- The Federal Reserve Bank of Atlanta’s GDP tracker recorded a 2.1 percent drop in the nation’s GDP on Thursday, marking another quarter of declines
- It suggests the US is in a recession, which is identified when GDP falls over two successive quarters in a period of economic decline across the board
- It comes after Wall Street reported major losses at the end of the second quarter, with the S&P 500 reporting a 21 percent loss since the start of the year
- Economists say soaring inflation and the Federal Reserve’s work to rein it in by raising interest rates are fueling the shocks to the market
- Analysts from major banks predict a recession to hit in 2023
#Recession #DemandDestruction #TaperCaper t.co/1nNucZM0H6
— TraderStef (@TraderStef) July 1, 2022
#Recession #DemandDestruction #TaperCaper – Dr. #Copper t.co/f2D5RWgitg
— TraderStef (@TraderStef) July 1, 2022
#Recession #GDP #DemandDestruction #TaperCaper t.co/ugKlvtCq3r
— TraderStef (@TraderStef) July 2, 2022
Just like 2008 (post Lehman) t.co/4CM040LonH
— Willem Middelkoop (@wmiddelkoop) July 2, 2022
Amazon is about to give up all pandemonium gains: pic.twitter.com/qys7Uyh34R
— Mac10 (@SuburbanDrone) July 1, 2022
Retail investors are not the only ones losing money. pic.twitter.com/8Zns3ELrtR
— Ayesha Tariq, CFA (@ayeshatariq) July 1, 2022
Right now markets have LIQUIDITY problems.
Not only in cryptos or emerging markets they CAN‘T raise funding THESE DAYS, 🇺🇸 US or 💶 EU companies are literally running out of cash, and absurdly enough they stopped issuing new bonds. pic.twitter.com/ncjW1T6v63
— Russian Market (@russian_market) July 2, 2022