"Something snapped," indeed. Recently a good friend was shopping around for a party venue. He wanted to rent out a small restaurant for a party in about 3 months. He was getting bids of around $5,000 per hour with a cash bar for 90 people, which included some apps. He was delaying a selection as it was a bit richer than he wanted to pay. Roughly two weeks ago, out of the blue, 2 venues offered their place for $500-$1,000 for the evening with a cash bar and apps at menu cost. This is in a larger blue city.

'Something Just Snapped': Consumers Panic Search "Pawn Shop Near Me"

Cash-strapped Americans are panic-searching "pawn shop near me." The search trend spiked to a record high at the start of July and is an ominous sign the consumer might be pawning items or selling things that were possibly bought during the Covid boom to raise quick money amid the worst inflation storm in a generation.

Read the rest here:

https://www.zerohedge.com/markets/something-just-snapped-consumers-panic-search-pawn-shop-near-me