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Bear Market Lessons (EP.306)
Animal Spirits Podcast
The Rise of Consumer Spending
David Beckworth: How is this spending so off the charts? Because people who are making more money are the ones who spend it. Kelly Cox from Etoro broke GDP down by component. Consumer spending was the biggest boost to growth. But why hasn't why has it not returned to trend? He says we're kind of in the middle part of the whatever, right? The market's like purgatory. Where are we right now? The purgatory market.
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