Current situation:
1. Mortgage demand lowest since 2001
2. Consumer confidence at all time low
3. Credit card debt up 20% in April alone
4. Inflation of 8.6% highest since 1981
5. Average gas price above $5.00
6. 70%+ of tech in bear market
Recession is an understatement.
REPORTER: "How long should Americans expect — how long should we be bracing for — this historic inflation and some unprecedented gas prices?"
KAMALA HARRIS: ...............
Elon Musk in email to CNBC: “Biden has pointedly ignored Tesla at every turn and falsely stated to the public that GM leads the electric car industry, when in fact Tesla produced over 300,000 electric vehicles last quarter and GM produced 26.”