The headline numbers coming off Black Friday were huge: record online sales, record transactions, and a ton of spending from higher-income households. But underneath that strength is a very different story. Millions of Americans are still struggling with credit card debt, rising delinquencies, and the brutal reality of higher prices. In this episode, we unpack the two Americas that Black Friday exposed — one that’s booming and one that’s holding on for dear life 0:00 Intro0:39 Black Friday sales proves America's K-shaped economy3:37 Sentiment down, GDP up5:18 Interview with economist Peter St. Onge Listen to From the Desk of Anthony Pompliano on:Apple Podcasts: https://podcasts.apple.com/us/podcast/from-the-desk-of-anthony-pompliano/id1819778503Spotify: https://open.spotify.com/show/1THAGnR1Xt1WDUn1CCTh1DPomp writes a daily letter to over 265,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at: http://pompletter.comJoin 600K+ subscribers on my main channel: https://pompyoutube.com/ Follow Pomp on social media:Twitter: https://twitter.com/APompliano Instagram: https://www.instagram.com/pompglobal/ LinkedIn: https://www.linkedin.com/in/anthonypompliano/#AnthonyPompliano #FromtheDesk #marketnews
