Can GDP & Earnings Hold On? | Weekly Roundup
Supply Shock
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Is the Black Line Trailing the US Economy?
Mark O'Mara: This is very indicative to me of why there might be kind of this levitation in the economy where you would expect more carnage. The cash that households have on hand has, you know, more than doubled in the last two years. And some of it comes from kind of transfer payments, but a lot of it is also because people are worried about a recession for such a long time and want to hang on to their savings. He says we'll see what GDP ends up doing over the next couple of quarters. But right now, he says, "the pool of capital's not permanent"
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