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Steve Hanke: The Fed is Behind the Curve - Recession is Inevitable

Wealthion - Be Financially Resilient

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The Shifting Landscape of US Consumer Spending

This chapter explores the critical role of the US consumer in the economy, accounting for 70% of GDP, and highlights worrying trends in spending patterns as major retailers report disappointing earnings. The discussion examines the effects of an economic downturn on consumer behavior, particularly the decline in discretionary spending and the implications of economic metrics for future growth.

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