Keckley Report November 14, 2022
Last week’s headlines were these:
· Election Day became Election Week: As of this morning, Dems will maintain control of the Senate (50-49 with the December 6 GA run-off pending) and results for House control are unknown as 19 races are uncalled. Concern about “the future of democracy” joined the inflation, abortion and crime in attracting the record midterm turnout, especially among young and independent voters.
· Tech giants Meta (Facebook), Salesforce, Twitter and Redfin announced layoffs anticipating a recession in 2023.
· FTX, the third-largest cryptocurrency-trading platform startup once valued at $32 billion declared bankruptcy and now faces investigations or asset freezes from regulators and prosecutors around the world.
· Credit card interest rates (APR) reached their highest level...
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