Consumers kept the economy hot in 2022. Now they're losing steam | CNN Business

Supply chains remained in disarray as ongoing snarls were drastically worsened by lockdowns in China and Russia’s invasion of Ukraine, average US gas prices shot north of $5 per gallon for the first time ever, inflation spiked to levels not seen since the early 1980s, and interest rates quickly soared as the Federal Reserve dug in its heels and took a whatever-it-takes approach to rein in soaring prices.

“We have been expecting loan defaults and repossessions to increase, but long-term expectations through mid-decade suggest overall defaults and repossessions will remain within expected norms.” Balance sheets starting to shrink The pendulum is swinging from a place where many of these metrics were artificially low, Rossman said. “Things don’t feel great with high inflation and higher interest rates, and it’s not great that, at the moment, the saving rate has slipped to just 2.

Anyone with a brain seen this coming months ago. We’ve already had two consecutive quarters of negative GDP growth, definition of recession. Although this administration said it was not a recession. CNN bought it and ran with it. 🤡s at CNN ran cover and propped Biden up!

Don't worry, inflation is transitory. Put your mask back on, comrade.

🧵1/2 Although delinquencies, defaults and repossessions are on the rise from record lows, they arent expected to soar to red-alert levels, said Jonathan Smoke, chief economst at Cox Automotive.That trillion and a half dollars will run out some time mid-year next year, JPMorgan

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ATTENTION⚠️ ElhamModaresi was arrested by the IR Regime's security forces and she's still imprisoned. Her health condition is deteriorating and she has been unconscious several times. Elham has liver disease and she needs urgent medical attention. BE HER VOICE!!! MahsaAmini +

They had no choice because Joe Biden jacked the price on everything to feed his greed.

Doesn’t help when milk and eggs are over 5 bucks.

You will definitely find a piece of yourself in the collection of 5000 characters. I design all the characters manually. One by one 🤯

😆 🤣 😂 😹 😆 Brandon sent out TRILLIONS to people who blew through it... Now there's no more free money and Americans are running through their savings while running up Record CC debt. Meanwhile your money buys 14 PLUS % LESS than it did 2 years ago

🗞🌐📊

🧵1/2 Although delinquencies, defaults and repossessions are on the rise from record lows, they arent expected to soar to red-alert levels, said Jonathan Smoke, chief economst at Cox Automotive.That trillion and a half dollars will run out some time mid-year next year, JPMorgan

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Electric vehicle sales hit a tipping point in 2022 | CNN BusinessNext time you're circling a full parking lot, try to remember what you saw in it just a couple of years ago. Things are different, now. There are a lot more electric vehicles and they aren't just Teslas anymore, either. MohammadMoradi from Iran, committed suicide by drowning himself last night in the Rhone river, France to draw attention of the Western countries to the crimes of IR regime in Iran. A day before, he had recorded this video: IranRevolution ShouraHashemi Still not the best car tho. Been seeing some of them not starting in the cold. Also hella expensive. Think about all that fabulous luggage at the airports
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