Stocks Sink as China Concerns Deepen, and the Real Read on Black Friday Sales Growth 11/28/22
CNBC's "Fast Money"
00:00
Is the US Economy Going to Be Weaker?
Consumer debt approaching, if not through it, north of a trillion in credit card debt in the United States. The Fed's data show over a $6 trillion decline in household net wealth. J-POW will flinch when the labor market weakens, I think they'll fold, and fold pretty quickly. If you look at things like consumer sentiment, expectations, which are in the index of leading indicators, those are at recessionary levels.
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