The U.S. Labor Market Throws Another Curveball with Peter Boockvar
Real Vision: Finance & Investing
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The Conflict Between Extreme Pessimism and Elevated Consumption
Elevated consumption on a real basis has grown very little. Money is being spent on travel and leisure, but not hard goods like electronics or furniture. People are spending more money on buying cars because inventories are normalizing. But auto sales are still trending well below the 17 million rate that we saw before.
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