The bedrock assumption for a soft landing in the US is continued consumer spending. The economy around the world really needs Americans to keep spending at close to the same rate. Instead, more evidence is coming in that they are just out of gas. In addition to macro statistics, more retailers are confirming the downturn and no longer just those who sell to lower-income consumers.

Eurodollar University's conversation w/Steve Van Metre

Target Introduces New Brand, dealworthy, Featuring Low Prices on Everyday Basics
https://corporate.target.com/press/release/2024/02/target-introduces-new-brand,-dealworthy,-featuring-low-prices-on-everyday-basics

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

Target Gives MASSIVE Warning Of Consumer Behavior