• Amazon founder and billionaire Jeff Bezos predicts a “contraction” in 2023 as layoffs at Amazon loom, and gave advice to people who may be struggling soon if they’re not already.
• Bezos advised people to hold off on big-ticket items like flatscreen televisions. “Just a little bit of risk reduction could make the difference,” he said in an interview with CNN Business.
• Last quarter, household debt topped out at $16.51 trillion, a rate that is the fastest since 2008.

Tagged: #Bidenflation