Surveillance: Global Market Selloff (Podcast)
Bloomberg Surveillance
00:00
The Challenge for Consumers Is, Are We Going to Get Down to 34 Hundred?
Consumer confidence, which waits a little bit more towards jobs, doesn't look as bad. The challenge for consumers is, weregoing to get retail sales numbers this week. And in nominal terms, they might look just fine. But in real terms, every single month, this is a consumer that loses purchasing power. That transition from capital to labor, well it's looking like it was very short lived.
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Transcript
