How bad is it out there? So bad Americans can't even afford to rent any more, or as Biden would put it: "the strongest economic recovery in recent history."
My first two years in office spurred the strongest economic recovery in recent history. Today, I'm releasing my Economic Blueprint, a look at how our wins are rebuilding an economy that works for working families.https://t.co/eSlr3ymdo8— President Biden (@POTUS) September 9, 2022
It's long. So here are the big things:
In addition to the previously discussed implosion at Nike, whose stock is getting crushed by the bullwhip effect sending inventories soaring as US consumers hit a recession brick wall, a middle-American staple is getting hammered even harder: yes, Rent-A-Center is down as much as 20% today...