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June 15, 2022

Consumer spending plays a large role in the U.S. economy and current data suggests the health of the consumer is deteriorating, which is a negative headwind for the overall economy.

Consumer spending has been equal to 65-70% of U.S. GDP since the mid-1990s. Source: Macrobond. This means that the health of the consumer, and their ability to continue spending, has a large impact on the growth of the overall economy.  Many consumer related indicators are heading in a negative direction. Consumer incomes on a real...
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