S3 E3: Crossing the Macro-Event Horizon

Send us a textAmong several macro-themes I pushed during last January's 2024 Outlook, I note three that are intertwined with the US Consumer:One) US Consumer cocoon would “harden” amid deflation in “real” Retail Sales.Two) Consumers would RELY on Credit Cards to “make ends meet,” thus Delinquencies would soar under intensifying financial pressure, thanks to dangerously LOW savings and ZERO “real” wage growth.Three) A consumer credit crunch would evolve.BAM, we entered the final phase, so to s...