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Market Panic Attack In Store Once It Realizes 'Hard Landing' Is Unavoidable | Lakshman Achuthan

Wealthion - Be Financially Resilient

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The Effect of Stimulus on Consumer Spending

Sally Kohn: We tend to go into recessions with the consumer still spending pretty well, heading in. What we have seen happen is when folks were getting stimulus, they were paying down to a certain extent debt, which was great. Well, that's ancient history now and we've seen consumer debt rocket back to all-time highs. That debt as well is now trading or is now charging in many cases record interests on credit cards, auto loans, et cetera. And then they still try to maintain some consumption and they go to the credit to finance things. So the early part of that is your cyclical slowdown in growth.

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