The problem, known as 'Milk Sad,' came to light in late July thanks to the findings of cybersecurity company Distrust.
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According to the bank, the stock market downturn has had a significantly higher impact on household net worth in the United States.
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Elon Musk, CEO of Tesla and SpaceX, believes the US economy is in a recession and that it will be 'difficult going' for the next 12 to 18 months. 'The true cause for inflation is that the government printed a billion more dollars than it had,' he said.
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