Recession... heck, we just hit the first sign of a depression:
https://www.nationalreview.com/news/...arter-of-2022/
"The victor is not victorious if the vanquished does not consider himself so."
― Ennius
In the P-F basket of deplorables.
Where does the bread line form?
There's nothing civil about this war.
Starting to see signs of stagflation with high inflation combined with a loss of jobs. The leading job indicators, namely bankers and foot soldiers for financial companies, are starting to see layoffs. Not surprising when the fifteen-year mortgage rate has essentially doubled in six months. The Fed is talking about a 75 basis point increase to the Fed funds rate with a year end goal of a rate around 3.5%. Then we see inflation with fuel prices much higher than last year and food prices going crazy. My wife told me she saw a dozen eggs going for $5.00 and butter at $6.50 per pound. Last year, a dozen eggs cost less than $1 and butter was $3.00 per pound.
This reminds me too much of the late 1970s.
I wonder if Amazon’s quarterly loss is the proverbial canary in the mine, for our 2022 economy.
Likes pretty much everything in every caliber.