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4min chapter
Resisting Recession with Cathie Wood
FYI - For Your Innovation
Consumer Sentiment Survey
The consumer is more miserable now, and it has everything to do with the loss of purchasing power associated with inflation. Gas line demand was down eight % on a year over year basis in july. While existing home sales down five point four %, annualize that, you're down by more than 60%. That just gives you a sense of how housings giving way.
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