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Caution! We're Being Fed Bogus Data | Stephanie Pomboy

Wealthion - Be Financially Resilient

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Can We Have a Recession When the Unemployment Rate Is This Low?

I think part of it, in my view, has been this sense that the consumer is strong. It's one of those things that is said on CNBC every day all day long. And no one presses that and says, wait, how can you say the consumer strong when they're running up record credit card balances at the highest interest rates in history 20% on average? I mean, they're not doing that because they feel good and want to take another vacation. So I think that's been the problem. In my view, and part of it is due to, you know, these numbers, like the retail sales report, but more importantly, I think it's all this employment.

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