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Is the Bear Market Over? (EP.311)
Animal Spirits Podcast
The Resilience of Consumer Spending
I don't think the government is all of a sudden going to be able to slow spending down. So I think that's the piece that could potentially keep inflation higher. If we are spending a ton of money on, I don't know, rebilling all the roads and construction and climate change and all this stuff, that's how we get three to 4% inflation instead of 2%. Can they just stop spending money? That's what I mean. They slowly, they can. You know who can't stop won't stop the consumer.
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