Each consumer has the power of their wallet and their voice. They can exercise that. – David Droga
As fashionable as it is to discuss the upcoming recession (yield curve inverted, the Fed started to cut, etc.), there’s one area few take into consideration. The stubborn U.S. consumer contradicts recessionary fears. In fact, a closer look into the health of the consumer reveals some interesting (to say the least) developments.
In one of my recent Lead-Lag Reports, I noted high consumer confidence levels. Despite the madness in financial markets, U.S. consumers remain very confident. Admittedly,