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Sunday, July 17, 2022

The US demand destruction had begun!

Small businesses are always the first to feel the pulse of the economy because they're mostly doing business-to-consumer (B2C) businesses.

Let's look at more statistics to verify the US demand destruction.

The container and baltic daily indexes are still trending down.  The lower indexes indicate lower consumer demand.

As semiconductors are used in many devices and machines, the semiconductor sales figure will indicate the health of the economy.  The overall sales by the top 10 suppliers had dropped by 5%.

The US trucking demand is still in a downtrend.

The US industrial production is declining which means the producers are producing fewer goods.

The Americans are using credits to sustain their spending because they have very low savings now.  This also means that they can no longer continue their current expenditures much longer.

Last but not least, the rising US rentals continue to hurt the consumers' pockets.

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