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J.P. Morgan's Dr. David Kelly on Why He Believes Foreign Stocks Are Attractive, Inflation Will Subside, & The Debt Ceiling is a "Doomsday Machine" | #463

The Meb Faber Show - Better Investing

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Is the Consumer Really a Problem?

We had this situation where we had a huge savings rate during the COVID times, sort of almost on precedent levels. The personal saving rate has now fallen to 2.4 percent on average. I think that starting from here, we're going to consider spending real growth. So it's almost guaranteed to grow very slowly over the next year or two.

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