Ongoing economic hardship is neither the end of the world nor a political rumor.
Instead . . .
Those of us on the lower end of the food chain confront yet another economic downturn that will make life just a little bit harder.
Much smarter people than TKC seem to agree . . . Take a peek and a simple but important overview:
"Having gotten off to a late start, the Federal Reserve has been hiking interest rates since March of last year, and very sharply since June, to try to slow down the economy and cool inflation. The problem is that, by the time the Fed began hiking rates, the economy was already slowing, making recession more likely . . .
"Meanwhile, the purchasing managers’ index for manufacturing, which measures the month-over-month change in manufacturing activity, fell below 50 in the last two months, implying that a manufacturing contraction is underway. Moreover, its service sector equivalent has also slipped under the 50 mark, suggesting that services activity has started to decline."
Read more via www.TonysKansasCity.com links . . .
First Signs of Recession Pain Look Set to Emerge from Earnings
(Bloomberg) -- Just as investors are celebrating the prospect of peak inflation and potential for a soft landing, this earnings season is likely to show there's still plenty that should keep them up at night.Most Read from BloombergPfizer Bivalent Vaccine Linked to Strokes in Preliminary Data'I Feel Like I Got Duped': Tesla Price Drop Angers Current OwnersTrump's Attack on NY Sexual Assault Law Called 'Absurd' By JudgeThe Document That Separates Biden and TrumpYellen Says US to Take Extraordinar
Opinion: Don't be fooled, a recession really is coming | CNN
Despite the relatively robust job growth we've been seeing, the Economic Cycle Research Institute, which we co-founded, has been predicting recession since last spring, and it remains our expectation that the US economy will enter a recession this year, write Lakshman Achuthan and Anirvan Banerji.
Stock market outlook for 2023: Here's what experts predict amid recession fears
This article was originally published on Bankrate.com . Despite the decline in markets in 2022, investors are looking ahead, and many see a relatively attractive climate if investors can think long term rather than be caught up in the moment.
And all of this inspires tonight's TKC playlist on the topic of the economic journey downward . . .
An 80s classic regarding the land down under . . .
Folksy classic rock keeps us happy amid harsh times . . .
A somewhat more recent song that speaks to the current epoch of melancholy . . .
The 90s still live on TKC . . . Here's what was mistakenly considered a decent song in the last era before the ubiquity of social media:
Finally, to finish, The Doors speak to the eternal struggle of all scumbags with this iconic blues tune:
As always, thanks for reading this week and have a safe & fun Saturday night.
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