David Rosenberg: Is A Jobs Shock About To Hit?
Thoughtful Money with Adam Taggart
00:00
US Consumer Spending Behavior and Economic Cycle Analysis
The chapter delves into the unexpected spending behavior of US consumers post stimulus checks, leading to a surge in credit card debt and delinquency rates. It explores the impact of fiscal stimulus, low savings rates, and borrowing on the economy, highlighting signs of a late economic cycle. The chapter also scrutinizes corporate debt risks, lack of business capital spending, and the Federal Reserve's role in managing economic downturns.
Transcript
Play full episode
