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20min chapter
David Rosenberg: A Recession Is Coming In The Next 6 Months
Forward Guidance
The Impact of Stimulus Checks on Consumer Spending
This chapter analyzes the economic data and discusses the impact of stimulus checks on the American consumer. It explores historical records of consumer behavior with free money from the government, the expiration of stimulus checks, the debt service relief plan, and the long-term impact of fiscal stimulus on GDP. It also mentions weak retail sales, delinquencies in consumer credit cards, and the future outlook of consumer resilience.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode