David Rosenberg: The Market Is NOT Ready For What's Coming
Thoughtful Money with Adam Taggart
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American Consumers: YOLO Spending and Declining Savings
This chapter explores the historical behavior of American consumers when faced with stimulus checks, highlighting the shift towards 'YOLO' spending and revenge spending in the current narcissistic economy. It discusses the decline in savings rates due to the spending of stimulus money and the reliance on credit cards, as well as the potential consequences of this behavior on consumer spending and GDP growth.
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