U.S. consumer confidence this month “to its lowest in 16 years as high inflation continued to sap confidence and pushed expectations for the future to a record low."
And this one:
Former Federal Reserve Chairman Alan Greenspan warned today that “the U.S. economy was ‘on the brink' of a recession, with the chances of that happening at more than 50 percent.” Greenspan added that a quick recovery of the sour economy is unlikely. “A rebound at this stage is not something I think is in the immediate outlook,” he said. “There are still very considerable structural problems remaining in the financial system. They will remain for a while. It’s going to be very difficult.”
Uh-Oh.
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